Recent findings in a SpyCloud report shows companies are starting to recognize and shift their priorities to defend against ransomware attacks, but the use of infostealer malware still has a high success rate for cybercriminals. According to SpyCloud's analysis, 76% of infections that preceded these ransomware events involved Raccoon infostealer malware.
The hospitality sector is seeing a new wave of phishing attacks. These new attacks are more plausible because they begin with compromised credentials and move to fraudulent emails sent from within a trusted network. The compromised systems are legitimate booking sites; the victims are the guests. Akamai, which has described the trend, outlines a three-step attack chain.
According to CSO the fines incurred for data breaches or non-compliance with security and privacy laws, for only a handful of companies, has cost $4.4 billion. The global average cost of a data breach in 2023 was $4.45 million, a 15% increase over 3 years (IBM). The challenge for organizations is how to safeguard sensitive information while adhering to the law, but without compromising innovation. Cyber threats loom large, affecting businesses in every industry.
Build secure cloud-native applications by avoiding the top five security pitfalls we lay out in our Secure Cloud-native Development Series. This blog is the fifth and final part of the series, and it will teach you to handle credentials and secrets management best practices for securing cloud-native applications. Every organization has their way of managing credentials. In the past, with legacy application architectures, this was a bit more manual and arduous.
An account takeover attack is a form of identity theft in which a cybercriminal takes over someone else’s online account. Cybercriminals steal a victim’s login credentials without them knowing through methods such as brute force attacks and phishing. Once the cybercriminal gains access to a victim’s account, they change the login credentials to prevent the victim from logging back in.
Casinos bring in millions of players and billions of dollars a year, via both physical venues and online platforms. And the industry estimated to grow by $11.42 billion between 2021 and 2025. Players trust casinos with their funds and high-value personal data, so it is no surprise that threat actors are targeting these venues to monetize their attacks.
The National Student Clearinghouse is a research facility that gathers data on students from approximately 22,000 high schools and more than 3,600 different colleges. Between all these schools throughout the United States, approximately 97% of the total student population is enrolled in the National Student Clearinghouse. That means the information for most students is on file with the organization.
