According to new estimates from Statista's Cybersecurity Outlook, the worldwide cost of cybercrime is expected to soar in the next five years. Statista estimates cybercrime's fiscal damage to rise from $8.44 trillion in 2022 to $23.84 trillion by 2027, nearly tripling in only five years.
Year after year, the holiday season brings a heightened threat of cybercrime, with hackers waiting to exploit security vulnerabilities.
An exodus of Twitter's security staff, including a surprising departure from the company's Chief Information Security Officer Lea Kissner, has proven detrimental thus far - with security experts warning that a massively reduced cybersecurity team would allow for potential bad actors to take advantage of growing security vulnerabilities.
Cybercriminals have successfully launched a malicious black hat search engine optimization (SEO) campaign, redirecting website visitors to fake Q&A portals. This hostile SEO scheme can be "described as malware designed to hijack a website in order to abuse its resources (especially website traffic and rankings)". Hackers managed to compromise over 15,000 WordPress websites to redirect to these fraudulent Q&A websites. The attack aims to promote low-quality websites, preparing these pages for future use as malware droppers or phishing sites.
Recently uncovered by cybersecurity researchers, a set of four Android apps have been found to link users to malicious sites. These malicious sites either install adware or attempt to steal information from the user, in what has found to be a massive cybercrime campaign. The apps were all created by
Recently unearthed by investigators, a group of cybercriminals called the 'Daixin Team' have been discovered to be targeting the Healthcare and Public Health (HPH) sector with ransomware and data extortion methods. The group has been active since at least June 2022.