Cybersecurity will be hard pressed to take on the new challenges of bank managed digital currencies.
Banks are developing their own digital currencies. The introduction of Central Bank Digital Currencies (CBDC) is the beginning of an interesting trend that will change the cybersecurity dynamic for banking as it opens up an … Read More
As predicted, the rise of cryptocurrency valuation has captured the attention of cybercriminals. New hacks, thefts, misuse, and fraud schemes are on the rise. Where there is value, there will be a proportional risk of theft.Criminals always pursue and exploit systems where they can achieve personal financial gain. It is the … Read More
A South Korean web hosting company struggles for survival after agreeing to pay a ransomware extortion of $1 million to hackers.
New Record for Ransomware
Nayana, the South Korean web hosting firm, suffered a ransomware attack that resulted in 153 infected Linux servers. The resulting data that was encrypted by the malware impacted… Read More
Methbot is a state-of-the-art ad fraud infrastructure, capable of hosting legitimate videos and serving them to 300 million fake viewers a day. Each view earns the criminals about $13, translating to around four million dollars a day. Over the past few months, Methbot has pulled in an estimated $180 million. It represents one … Read More
Installing a home surveillance camera system can add great benefits but also may introduce new risks to privacy and network security. The goal is to increase the security and peace of mind, while avoiding cybersecurity threats. Here are three tips to consider when purchasing, installing, and configuring your new home camera … Read More
In the previous blog, Cybercriminals Next Targets: Short Term Dangers (part 1 of 2), I outlined how cybercriminals will use the holiday season to victimize unwary consumers and target businesses. They will also dive deeper into leveraging Internet-of-Things (IoT) devices. The longer-term outlook expands their reach to more… Read More
Knowing what cybercriminals are targeting today is easy. Their attacks are loud, impactful, and have the elegance of a herd of bulls crashing through a glassware shop. The tougher challenge is figuring out where they will take aim tomorrow. Knowing where cyber threats will attack in the future, gives the necessary insights to … Read More
Cyber threats are currently outpacing the defenders but it does not need to be the case. Attacks are increasing in number and type, with the overall impacts are becoming greater. Cybersecurity is struggling to keep our digital lives and assets protected from the onslaught of attacks but facing great challenges. By understanding… Read More
The IBM X-ForceTrend and Risk Report reveals how 2010 was a pivotal year for internet security as networks faced increasingly sophisticated attacks from malicious sources around the world. The X-Force reportedly monitors 13 billion real-time security events every day (150,000 events per second) and has seen an increase in … Read More