A primer on various threats looming over financial companies and the steps that these organizations can take to counter them. Companies operating in the financial services industry aren’t by any means strangers to being targeted by various forms of financial crimes and fraud. However, over time, the playing field has changed and threat actors have … More Cybersecurity risks and challenges facing the financial industry
What are some common strategies cybercriminals employ in extortion schemes and how can you mitigate the chances of falling victim to a cyber-shakedown? When it comes to coercing people into parting with their money, cybercriminals seem to have an endless bag of tricks to choose from. There are some tricks, that they favor more than others, … More 5 ways cybercriminals can try to extort you
The extortionists attempt to scare the targets into paying by claiming to represent some of the world’s most notorious APT groups. Over the last few weeks, a cybercrime group has been extorting various organizations all over the world by threatening to launch distributed denial-of-service (DDoS) attacks against them unless they pay thousands of dollars in Bitcoin. The … More DDoS extortion campaign targets financial firms, retailers
Why are SMBs a target for ransomware-wielding gangs and what can they do to protect themselves against cyber-extortion? According to the World Bank, small and medium-sized businesses (SMBs) play a huge role in most economies, accounting for 90% of businesses worldwide and representing over 50% of employment. These are businesses that range from family-owned restaurants, through … More Small and medium‑sized businesses: Big targets for ransomware attacks
The going prices are lower than you probably think – your credit card details, for example, can sell for a few bucks. It’s no news that the dark web is rife with offers of stolen data that ranges from pilfered credit card information and hijacked payment services accounts to hacked social media accounts. Anyone interested … More How much is your personal data worth on the dark web?