FBI: Cybercrime Victims Reported Losses of $4.2 Billion in 2020

FBI: Cybercrime Victims Reported Losses of $4.2 Billion in 2020

The FBI this week published its Internet Crime Report for 2020, and the agency said it received nearly 800,000 cybercrime complaints last year, with reported losses totaling $4.2 billion. The number of complaints received by the FBI in 2020 increased significantly compared to the previous year, when it got roughly 467,000 complaints. The total reported…

FCC Moves Toward Banning 3 Chinese Telco Firms From US

FCC Moves Toward Banning 3 Chinese Telco Firms From US

3rd Party Risk Management , Cyberwarfare / Nation-State Attacks , Fraud Management & Cybercrime Commission Cites National Security Concerns Akshaya Asokan (asokan_akshaya) , Tony Morbin (@tonymorbin) • March 18, 2021     Citing national security concerns, the Federal Communications Commission is moving forward with legal proceedings to ban three Chinese-owned companies from providing telecommunications services…

Over $4.2 billion officially lost to cybercrime in 2020

Over $4.2 billion officially lost to cybercrime in 2020

The Federal Bureau of Investigation has published its annual report on cybercrime affecting victims in the U.S., noting a record number of complaints and financial losses in 2020 compared to the previous year. The Internet Crime Complaint Center (IC3) received last year 791,790 complaints – up by 69% from 2019 – of suspected internet crime causing…

Researchers Uncover Widely Used Malware Crypter

Researchers Uncover Widely Used Malware Crypter

Encryption & Key Management , Governance & Risk Management , IT Risk Management Avast Says OnionCrypter Has Been in Use Since 2016 Akshaya Asokan (asokan_akshaya) • March 18, 2021     Security researchers at Avast have discovered that more than 30 hacker groups have been using a malware crypter dubbed OnionCrypter. See Also: Forrester Consulting:…

Expert Reaction On FBI’s Internet Crime Complaint Center 2020 Internet Crime Report

Expert Reaction On FBI’s Internet Crime Complaint Center 2020 Internet Crime Report

Expert Reaction On FBI’s Internet Crime Complaint Center 2020 Internet Crime Report | IT Security News Sponsors Endpoint Cybersecurity www.endpoint-cybersecurity.com – Consulting in building your security products– Employee awareness training– Security tests for applications and pentesting… and more. Daily Summary Patreon Categories CategoriesSelect Category(ISC)2 Blog  (323)(ISC)2 Blog infosec  (13)(ISC)² Blog  (327)2020-12-08 – Files for an ISC diary (recent…

US border: ‘We need to look at the complexity of migration’

US border: ‘We need to look at the complexity of migration’

We need to look at the complex set of issues that are pushing people out of Central American countries as well as the pull factors attracting people towards the United States, the former assistant secretary at the Department of Homeland Security, Elizabeth Neumann, has said. Every administration dating back to George W Bush has looked…

Ransomware Attack On Birmingham College And Increased Risk To Educational Institutions

Ransomware Attack On Birmingham College And Increased Risk To Educational Institutions

A Birmingham college was forced to close this week due to a “major ransomware attack” affecting many of its core IT systems. The nature of the attack still not confirmed. The Cybersecurity expert commented below on the danger of ransomware in light of this incident. 1/3 TEMPORARY CAMPUS CLOSURES❗️The college has suffered a major ransomware attack on our…

Fake Telegram Desktop App Malware Campaign Persists

Fake Telegram Desktop App Malware Campaign Persists

Application Security & Online Fraud , Cybercrime , Fraud Management & Cybercrime Google Ad Leads to Malicious App Disguised as Telegram Jeremy Kirk (jeremy_kirk) • March 17, 2021     An illustration of the desktop version of Telegram. (Source: Telegram) Jannis Kirschner, an independent security researcher based in Basel, Switzerland, searched on Sunday for the…

Russia, Iran Targeted 2020 Election

Russia, Iran Targeted 2020 Election

3rd Party Risk Management , Critical Infrastructure Security , Cyberwarfare / Nation-State Attacks Review Confirms Disinformation Campaigns, But No Signs Hackers Altered Vote Tallies Scott Ferguson (Ferguson_Writes) • March 16, 2021     A pair of U.S. intelligence agency reports released Tuesday conclude that Russia and Iran attempted to interfere in the 2020 presidential election…