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North Korea's cyberattacks on cryptocurrency platforms continues to soar
Jan 25,2024
According to Chainalysis' latest report, there was an unprecedented surge in cyberattacks by North Korea-affiliated hackers on numerous cryptocurrency platforms in 2023. The data from the time period 2016 to 2023 revealed that North Korea targeted an...
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Cybercrime will cost $12 trillion by 2025, researchers claim
Jan 24,2024
A volunteer group of analysts and experts, the Computer Crime Research Center (CCRC), predicts that the cost of cybercrime will reach$12 trillion by 2025. This projection, although higher than the previous estimate of$10.5 trillion by Cybersecurity V...
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UK NCSC: AI will escalate the frequency and impact of cyberattacks
Jan 24,2024
The UK's National Cyber Security Centre (NCSC), a division of GCHQ, has issued an assessment focusing on the imminent influence of AI on cyber threats. The findings indicate that AI is currently used in malicious cyber activities and is poised to sig...
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International criminal court conference explores cyber-enabled crimes and reinforces jurisdiction.
Jan 24,2024
The International Criminal Court (ICC) recently held a conference at its headquarters in The Hague to focus on cyber-enabled crimes in the context of the Rome Statute system. The conference, jointly organised with Microsoft, attracted over 100 partic...
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Australia, UK, USA impose sanctions on Russian hacker linked to Medibank data breach
Jan 23,2024
In a joint effort, Australia, the United States, and Britain have implemented cyber sanctions against a Russian individual implicated in the cyberattack on Medibank, a major Australian insurer. Medibank disclosed the cyberattack in 2022, revealing th...
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Biden administration plans executive order to restrict foreign access to Americans' personal data, citing national security concerns
Jan 23,2024
The Biden administration is preparing an executive order to restrict foreign access to sensitive personal data of American citizens and government officials to protect national security and foreign policy. The draft order obtained by Bloomberg addres...
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Supermassive database leak reveals over 26 billion data records
Jan 23,2024
A massive data leak containing 12 terabytes of information and over 26 billion data points of exposed records has been discovered by Bob Dyachenko, a cybersecurity researcher and owner at SecurityDiscovery.com, and the Cybernews team. This supermassi...
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LockBit gang claims Subway as latest victim
Jan 22,2024
The LokcBit ransomware group asserted on its data leak website that Subway, the American fast-food restaurant franchise, is its most recent target. LokcBit ransomware gang has claimed on its data leak site on 21 January, that American fast-food resta...
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Hacker behind BreachForums sentenced to 20 years of supervised release
Jan 22,2024
Conor Brian Fitzpatrick, a 21-year-old resident of Peekskill, New York, has been sentenced to 20 years of supervised release in the Eastern District of Virginia for his involvement in operating the BreachForums hacking forum. Fitzpatrick was charged ...
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Cryptocurrency crime trends in 2023: decrease in illicit activity and the rise of stablecoins.
Jan 19,2024
In 2023, there was a notable decrease in the value received by illicit cryptocurrency addresses, amounting to$24.2 billion. The estimate for illicit transaction volume in 2022 increased from$20.6 billion last year to$39.6 billion this year, primarily...
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Emails of top Microsoft executives compromised by pro-Russian hackers
Jan 19,2024
Microsoft has revealed that emails and attachments from senior executives and employees of the cybersecurity and legal departments were compromised. Microsoft attributed the attack to an advanced persistent threat (APT) group known as Midnight Blizza...
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Tis the Season for Cybercrime: What to Watch for and How to Protect Yourself
Nov 21,2023
Cybercriminals are busy decking the (digital) halls with clever scams designed to deceive even the most cyber-aware consumers as the holiday shopping season gets underway. And it's easy to see why this has the potential to be a particularly lucrative...
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