Email-Based Fraud Dominates Cyber Insurance Claims in 2023
Funds transfer fraud and business email compromise accounted for over half of cyber insurance claims in 2023, with ransomware payments reaching $1 billion globally.
Funds transfer fraud and business email compromise accounted for over half of cyber insurance claims in 2023, with ransomware payments reaching $1 billion globally.
TSB and Co-operative Bank found to have weaknesses in mobile app and online security, while NatWest and Starling Bank praised for strong measures.
Founders of cryptocurrency mixing service Samourai Wallet arrested for facilitating over $2 billion in illicit transactions, including money laundering from dark web markets and decentralized finance protocols.
DragonForce Ransomware, utilizing double extortion tactics and leaked builder from LockBit, targets high-profile organizations and government systems, underscoring the need for robust cybersecurity measures.
ArcaneDoor campaign, tracked as UAT4356 and STORM-1849, exploits vulnerabilities in Cisco ASA devices for malicious activities.
Three North Korean state-backed groups, Lazarus, Andariel, and Kimsuky, exploited vulnerabilities in email systems and compromised security controls to steal sensitive defense technologies from South Korean defense contractors.