Business email compromise (BEC) attacks surged by 246% last year, according to researchers at ReliaQuest.The researchers believe the increase is due to widely available phishing kits that facilitate BEC.

Scammers are using AI technology to assist in voice phishing (vishing) campaigns, the Better Business Bureau (BBB) warns. Generative AI tools can now be used to create convincing imitations of people’s voices based on very small audio samples. “At work, you get a voicemail from your boss,” the BBB says. “They instruct you to wire thousands of dollars to a vendor for a rush project. The request is out of the blue. But it’s the boss’s orders, so you make the transfer.

Data trends show a clear upward momentum of posts from initial access brokers on the dark web, putting the spotlight on what may become cybersecurity’s greatest challenge. Any organization that has made cybersecurity a priority is laser focused on putting preventative measures, multiple means of detection, and a response plan in place.

As cybercriminals leverage tools like generative AI, making attacks easier to execute and with a higher degree of success, phishing attacks continues to increase in frequency. I’ve been covering the cybercrime economy’s use of AI since it started. I’ve pointed out the simple misuse of ChatGPT when it launched, the creation of AI-based cybercrime platforms like FraudGPT, and how today’s cybercriminal can basically create foolproof malicious content.

Do not forget, AI-enabled technologies, like KnowBe4’s Artificial Intelligence Defense Agents (AIDA), will make defenses increasingly better. I get asked a lot to comment on AI, usually from people who wonder, or are even a bit scared, about how AI can be used to hurt them and others. It is certainly a top topic everyone in the cybersecurity world is wondering about. One of the key questions I get is: How much worse will AI make cybercrime? The quick answer is: No one knows.

Scammers are impersonating job-seeking platform Dice with phony employment opportunities designed to steal victims’ information. “This week, Dice received reports that individuals are receiving messages from senders claiming to be Dice recruiters on various messaging apps,” the company says.

According to my research, it became clear that if CISO's focused on these three items, it would take care of 99% of the vulnerabilities. One: There are three top root hacking causes, and they comprise almost all of the cybersecurity risk most organizations face: These three most popular root hacking causes are often co-mingled together to bring about the desired effect.

The specter of cybercrime continues to grow, with losses soaring to $12.5 billion in 2023, according to the recently released Internet Crime Report by the FBI's Internet Crime Complaint Center (IC3). The revelations underline an alarming surge in cybercrime, affecting both business and personal interests alike, with the main attack vectors being investment fraud, business email compromises and an increased surge of ransomware attacks on nearly every critical infrastructure sector.

The construction of a more cyber resilient European Union (EU) took a remarkable step forward this past week as negotiators from the European Parliament and the European Council reached a provisional agreement on the proposed Cyber Solidarity Act. Proposed last year, the Cyber Solidarity Act is composed of three key pillars that seek to crack the daunting challenge of detecting, preparing for, and responding to cybersecurity threats and incidents that shake up the security sphere.

A recent report reveals a significant discrepancy in the priorities of mid-market IT departments when it comes to addressing cyber threats. It's somewhat ironic that IT professionals find themselves entangled in a logical paradox when responding to surveys, as demonstrated by Node4’s Mid-Market IT Priorities Report 2024.