Cyber threats are constantly evolving, and the most recent evolution of phishing scams is proving particularly effective. Boasting a gruesome name, pig butchering is a cyber threat that reels in victims and steals thousands, sometimes millions of dollars. Pig butchering has quickly become one of the most lucrative scams thanks to a mix of post-pandemic loneliness and inadequate technological...

Passwords have become a cornerstone of the Internet. These strings of letters and numbers allow us to validate access to various communities, online tools, healthcare, banking, and more. As more and more information is stored behind passwords, efforts to steal and crack them have vastly increased. These new cyber threats led to the creation of tools called password managers, to which hackers...

Valentine’s Day isn’t just a day for romance. It’s a time of year when cyber criminals and scammers launch attacks such as phishing , vishing , smishing , and social engineering . Australia has begun issuing warnings to singles, informing them of the “pig butchering” or “romance baiting” scam that’s prominent on Valentine’s Day. It starts with the attacker assuming the identity of an attractive...

As 2023 comes to an end, one thing is certain: cyber security is still a prime concern for most companies. While industries like healthcare and retail are still more heavily impacted than any other, a concerning trend has emerged in regard to the variety of organizations being targeted by cyber criminals. This variety accounted for a staggering 20% increase in data breaches compared to 2022. More...

Phishing has always been a prominent attack vector, skyrocketing as traditional hacks became more complicated. Even worse, hackers have begun perfecting their tactics to make them more reliable and damaging. One of the most dangerous variants is social engineering, and with the help of AI, it's now becoming increasingly sophisticated. Let's discuss how AI is changing social engineering's playbook...

Cloud storage has revolutionized how organizations collaborate internally, allowing them to store data conveniently and cheaper than ever. According to a recent survey of technology leaders, 93% of respondents said their company was “mostly cloud,” reflecting the hold that this technology has on all industries. The auto industry has recently integrated cloud storage at all levels of their...

It’s one of the scariest outcomes of a cyber attack. A data breach’s effect can easily bankrupt a company, and even if appropriately handled, its consequences are often felt for months or years to come. One of the biggest issues with data breaches, and what is often the most damaging outcome , is the loss of trust from customers. After all, if a breach happened once, how do you know it won’t...

Offices around the world have undergone a massive transformation in recent years. While a fully remote workforce remains offered by a minority of employers, the hybrid nature of workplaces is rapidly becoming the norm. A recent study by Cisco studied the cyber security challenges tied to a distributed workforce, and their cyber security readiness model created some troubling statistics. According...

Over 3.4 billion phishing emails are sent out to unsuspecting recipients daily. At this rate, over 1 trillion email scams are deployed in one calendar year. The sheer enormity of these numbers makes it easier to understand how and why employees become victims of phishing email scams. Their typical email inbox is overflowing with emails from colleagues, partners, friends, family, third-party...

Carrying out a cyber attack is becoming more and more accessible. For a meager price of $99, anyone can now buy a platform to steal personal data and pose a cyber threat to organizations worldwide. This accessibility is made possible through the Wi-Fi Pineapple. Learn about this new cyber threat in this article and get tips on protecting your organization. What is a Wi-Fi Pineapple? A Wi-Fi...

Since its release, ChatGPT has been a hot topic, with more and more people growing to like it. Among the people who are enjoying the advantages of this AI tool are online scammers. Hackers use ChatGPT's popularity to trick users into downloading malware and stealing their personal information, making it a hotbed for phishing scams. Luckily, users can avoid falling prey to these scams and keep...

All examples of social engineering take advantage of human nature, such as the willingness to trust others, to trick individuals into divulging sensitive information. Despite its prevalence, social engineering can be challenging to distill into a single formula. It’s one of the reasons 82% of data breaches involve the human element. Social engineering has become the backbone of many cyber threats...

In today's interconnected world, organizations are responsible for their cyber security practices as well as those of their third-party vendors. With increasingly complex risk management scenarios, the impact of a data breach can be catastrophic for an entire supply chain. According to a study by IBM, 83% of U.S. companies who participated have experienced a data breach more than once, costing...

Hackers are targeting hundreds of thousands of Google users with fake Google Drive notifications and emails to try and trick them into visiting malicious websites.

As much as we can say that cyber security measures are advancing, we can say the same about cyber criminals and their strategies. In 2022, ransomware attacks occurred every 11 seconds on average, at a global annual cost to businesses and governments of $20 billion US. Costs are rising in part due to the growing ransoms demanded from victims. While estimates of the average ransomware payout in 2020...

Biometric authentication, such as face IDs, retina scans, and fingerprints, were introduced to our devices to increase security. At first, it felt like it was doing what it was meant to do. Plus, the convenience it brought with it was top-notch. I mean, accessing your smartphone with your thumb? Logging into your bank account using your face ID? Amazing. However, over the past few years...

This financial sector’s reliance on computer systems and network has made it an attractive target for cyber attacks, now the biggest risk to the UK financial system. In its latest Financial Stability Report , the Bank of England (BoE) agrees that cyber threats may be prevalent in 2023. The BoE said that it is working to strengthen defenses against cyber attacks. The report identified three...

There is a sharp rise in cyber attacks targeting businesses and organizations across Australia. The nature of these attacks ranges from ransomware and phishing scams to distributed denial-of-service (DDoS) attacks, with some estimates suggesting that the number of cyber incidents could be as high as one million per year. The financial cost of these cyber attacks is immense, with businesses and...

On November 1st, 2022, Dropbox became the victim of a cyber attack where source code repositories, as well as names and emails of their employees, were unauthorizedly accessed. It is not yet clear how the unauthorized access took place, but Dropbox has said that they are investigating the matter. The company is urging all users to change their passwords as a precautionary measure. This breach...

During the annual eCommerce bonanza known as Black Friday and Cyber Monday weekend, shopping websites will be swarming with people who are mostly unaware of cyber threats that can leave personal data vulnerable. In 2021, Europe, Canada, and the United States saw a 50% spike in transactions during the Black Friday and Cyber Monday window from the previous week. With the imminent spike in online...