Digital scammers and extortionists bilked businesses and individuals in the US out of a “staggering” $16.6 billion last year, according to the FBI — the highest losses recorded since bureau’s Internet Crime Complaint Center (IC3) started tracking them 25 years ago. Also in 2024: Ransomware again posed the biggest threat to critical infrastructure organizations, with...Read More
Based on an independent Ponemon Institute survey, the report reveals 79% of respondents say their organization is making changes to its cybersecurity budget. Of these respondents, 71% say security budgets are increasing, with the average budget at $24 million. This correlates with the heightened volume of threat vectors, with 66% of respondents reporting cybersecurity incidents...Read More
These DOGE ransowmare hackers demand a trillion dollar payment. AFP via Getty Images Update, April 25, 2025: This story, originally published April 23, has been updated with further details regarding the DOGE ransomware attack and information from a new FBI report about the FOG malware threat used following the latest trillion-dollar ransom note demand. The...Read More
There was a significant growth in threats from ransomware over the past 12 months, according to a new report focused on data breaches. The report, compiled by Verizon, showed a 37 per cent increase in ransomware threats compared to the same period ending in 2024. Ransomware is often broadly defined as a malware that is...Read More
As I flicked through the 2024 State of the Industry report released by the Australian Cyber Network, I couldn’t help but marvel at the staggering numbers. $6.13 billion in revenue. A workforce charging toward 193,000 by 2029. Private investment nearly tripling. It reads like a success story—until you dig deeper and realise it’s the kind...Read More
The cybersecurity landscape is witnessing a significant shift as threat actors increasingly leverage Ransomware as a Service (RaaS) platforms enhanced by sophisticated Endpoint Detection and Response (EDR) killers. Despite successful law enforcement operations against established ransomware gangs like LockBit, new players have swiftly emerged to fill the void, employing aggressive business strategies and advanced tools...Read More
Houston-based VeriSource Services’ long-running probe into a February 2024 digital break-in shows the data of 4 million people – not just a few hundred thousand as it first claimed – was accessed by an “unknown actor”. The tech company, which provides employee benefits administration services, began contacting those affected on April 23, and has now...Read More
Fraud Management & Cybercrime , HIPAA/HITECH , Ransomware Enforcement Action Is Latest Under Agency’s Ransomware, Risk Analysis Initiatives Marianne Kolbasuk McGee (HealthInfoSec) • April 28, 2025 Image: HHS OCR Federal regulators fined a New York neurology practice $25,000 following an investigation into a 2020 ransomware breach affecting nearly 7,000 individuals. See Also: 2023...Read More
Officials say a Gloucester Police officer was placed on leave Monday amid an ongoing federal investigation. According to Chief Edward Conley, the FBI executed search warrants at two private residences in the city, including one owned by a Gloucester Police officer, in connection to an ongoing cybercrime investigation. The police officer, whose identity was not...Read More
Suparna serves as Senior Managing Editor for CyberRisk Alliance’s Channel Brands, including MSSP Alert and ChannelE2E. She plays a key role in content development, optimizing editorial workflows, aligning storytelling with audience needs, and collaborating across teams to deliver timely, high-impact content. Her background spans technology, media, and education, and she brings a unique blend of...Read More
