Cyber criminals have ditched big money scams in favour of ‘silent stealing’ during pandemic, according to a report from the Royal United Services Institute (RUSI) think tank. The paper said a phenomenon dubbed “silent stealing” – where threat actors con people out of as little as £10 – has begun on a mass scale as criminals are “going down market” from big money scams. Individual victims are less likely to report the loss of a small sum of money, while it is difficult for police and banks to know whether they are dealing with a single fraud or a big…
ISBuzz Team
The UK’s growing cyber industry attracted record investment last year despite the global pandemic, according to a new government report. The DCMS Annual Cyber Sector Report, which tracks the UK’s cybersecurity industry across a range of indicators between April 2019 and December 2020, reveals a 21 percent increase in firms operating in the field, bringing the total number to 1,483. Almost 50,000 people have now employed in UK cybersecurity. The sector is now worth an estimated £8.9 billion, with a record £800 million of investment raised by firms. This year’s survey also suggests that more than half of firms (54…
Researchers with threat protection company Bitglass are reporting that healthcare breaches reported in 2020 increased to 599, a jump of more than 50% compared to the previous year (386). Most of the breaches were caused by hacking and IT incidents, which exposed data from 24.1 million individuals, making them vulnerable to identity theft and phishing attacks. Experts with Gurucul & YouAttest offer commentary.
It has been reported that Jamaica just experienced a massive data breach that exposed the immigration and COVID-19 records of hundreds of thousands of people who visited the island over the past year. According to TechCrunch, the Jamaican government contractor Amber Group left a storage server on Amazon Web Services (AWS) unprotected and without a password. This will enable anyone to access the data which consisted of 70,000 COVID lab results, 425,000 immigration records, 250,000 quarantine orders, and 440,000 images of traveler’s signatures.
Following the news that Singtel has confirmed that the personal details of 129,000 customers, as well as the financial information of its former employees, have been compromised in a security breach that involved a third-party file-sharing system, please see below comments from cybersecurity experts.
his week the cryptocurrency exchange EXMO was knocked offline by a “massive” DDoS attack, the UK-based company has confirmed. Normal operations were back up as the trading service was brought back to life within two hours, but the platform has yet to reveal the true nature of the cyberattack. EXMO, which is popular in Russia, Ukraine and Kazakhstan, said that the attack was a malicious attempt to disrupt normal traffic of the exchange’s server. The exchange saw a spike in traffic this Monday at 16:10 GMT and the number of connections attempting to reach its servers was enough to temporarily disrupt its activity.
Kia Motors has suffered a ransomware attack by the DoppelPaymer gang. The gang demanding $20 million for a decryptor and not to leak stolen data and given 2-3 weeks if the company does not negotiate with the threat actors. Cybersecurity experts commented below on the danger of ransomware.
A hacker claims to have stolen files belonging to the global law firm Jones Day and posted many of them on the dark web. Jones Day said in a statement that they are investigating the breach and are in discussion with affected clients and respective authorities.
Cybersecurity firm Malwarebytes has released its annual “State of Malware” report, revealing that cyberattackers have shifted tactics and targets as a result of the COVID-19 pandemic. Some of the featured findings are: Significant increase in stalkerware across 2020;565% increase in tracking applications between January and December last year;1,055% increase in spyware detection in the same period.
Following the news around the comments from Microsoft President Brad Smith on the 60 Minutes program about how the recent SolarWinds hack was “the largest and most sophisticated attack, the world has ever seen” as reported by the Independent.