In October 2023, Okta, a leading provider of identity and access management (IAM) solutions, experienced a data breach affecting its customer support system. This incident raised serious concerns about the security of sensitive information entrusted to Okta by its customers and partners.

Spear phishing and voice phishing (vishing) are on the rise in the trucking industry, according to a new report from the National Motor Freight Traffic Association (NMFTA). “Spear phishing is still one of the most effective tools attackers have to breach networks,” the report says.

The Mirai Botnet, famous for massive DDoS attacks, used SYN flood techniques to hack 600,000 IoT devices. Targets like KrebsOnSecurity, Lonestar cell, and Dyn. The impact cascaded across key service providers that relied on Dyn’s services, affecting entities such as Sony Playstation servers, Amazon, GitHub, Netflix, PayPal, Reddit, and Twitter.

The dynamism of Artificial Intelligence (AI) is transforming not only the tech landscape but also various sectors of human activity at breakneck speeds. Unfortunately, with any progress in technology, these advances aren’t only being applied in beneficial ways.

Our inaugural 2022 threat roundup report started by observing that “the year 2022 was eventful for cybersecurity.” As you can imagine, 2023 was no less eventful. Some of the key events included ongoing conflicts and the appearance of new ones, the emergence of critical vulnerabilities being mass exploited and the ever-increasing threat of cybercrime.

Based in Irvine, California, LoanDepot is a nationwide mortgage lender. Their solutions assist homeowners in purchasing land and obtaining reasonable equity costs. They are licensed in 50 states and, in 14 years, have become the most significant nonbanking lender in the US. In the second week of January, we featured a piece on LoanDepot; at the time, they were in the throes of a cyber skirmish, fighting for control of their discombobulated systems.

Account takeover (ATO) is a form of identity theft that enables cybercriminals to send emails from a legitimate account within an organization. Hackers who gain control of an executive's account can request sensitive data and payments from employees in the knowledge that they're more likely to succeed than if they had simply created a spoofed email account. Our recently published Email Security Risk Report revealed that 58% of the 500 companies we surveyed had experienced instances of account takeover.

US federal agencies have teamed up to release a cybersecurity best practice guidance for the water and wastewater sector (WWS). The Cybersecurity and Infrastructure Security Agency (CISA), United States Environmental Protection Agency (EPA), and Federal Bureau of Investigation (FBI) have published the guide in an attempt to promote cybersecurity resilience and improve incident response in the WWS sector.

Cybercrime is a growing problem for higher education. Between 2020 and 2021, cyberattacks targeting the education sector increased by 75%. In line with other industries, the education sector is also experiencing a dramatic increase in ransomware attacks. According to the 2022 Verizon Data Breach Investigations Report, 30% of data breaches in the industry were attributed to ransomware attacks.

For years, the BFSI industry has been a top target for cyberattackers. Yet, despite long-standing awareness of financial cyber risks, the problem is only getting worse as banks, insurance companies, FinTech businesses and other organizations that operate in the finance sector face a growing array of threats and risks. For example, threat actors are increasingly using financial organizations’ customers as a vector for attack.