Topic: Cybercrime

Spear Phishing: Top Threats and Trends Vol. 5 – Best practices to defend against evolving attacks

As their speedy exploitation of fears around the COVID-19 pandemic show, cybercriminals adapt quickly to current events and new tactics. This in-depth report takes a look at the evolving trends in spear-phishing and the new ways attackers are tricking their victims Key findings 12% of spear-phishing attacks are BEC attacksBusiness email compromise (BEC) makes up …

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The Hidden Costs of Cybercrime

Executive Summary Since 2018, we estimated that the cost of global cybercrime reached over $1 trillion. We estimated the monetary loss from cybercrime at approximately $945 billion. Added to this was global spending on cybersecurity, which was expected to exceed $145 billion in 2020. Today, this is $1 trillion dollar drag on the global economy. …

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The Rise and Rise of Ransomware

An Irresistible Business Model Once thought to be on the decline, successful ransomware attacks against all types of companies and organisations have dotted the headlines in the last two years. In 2019, the FBI’s Internet Crime Complaint Center (IC3) received more than 2000 ransomware complaints, accounting for US$8.9 million in losses. We expect these numbers …

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The Phishing Breakthrough Point

Eectiveness of Phishing, Training & Understanding the Human Response Executive Summary Utilizing security awareness training and phishing security tests can be a useful and eective tool to reduce unintentional insider threats. However, if robust metrics are not put in place to eectively gauge the click rate patterns from a human landscape perspective, phishing tests can …

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2020 Cyber Threatscape report

EXECUTIVE SUMMARY In the past year, security strategies and practices have been tested like no other. Rapidly accelerated digital transformations, opportunistic phishing campaigns, discontinuity of information security operations and financial constraints are creating the perfect storm in a COVID-19-disrupted world. CISOs who understand these challenges and can pivot their security approach can help their organizations …

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GTIC Monthly Threat Report: October 2020

The OZIE Team: A Nigerian business email compromise threat actor group Lead Analyst: Jacob Faires, Senior Analyst, Security Threat Intelligence, Global Threat Intelligence Center, US In August 2019, the NTT Global Threat Intelligence Center (GTIC) began tracking a threat actor group based in Nigeria who specialized in business email compromise (BEC). GTIC has named this …

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2020 Payment Security Report

In this report, we distill a range of Payment Security and compliance subjects into valuable insights to help CISOs and others break down complex thinking into digestible bits. We explore various tools, tactics and methods applied by numerous organizations and take a look at why some companies accomplish so much more than others in their …

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The changing face of cybercrime

January to June 2020 has seen societal change on a global level, as COVID-19 continues to impact the global digital economy, regional economies, industries, businesses and consumer behavior. This includes an increase in cybercrime. Online transaction volumes in the LexisNexis® Digital Identity Network® continue to grow, particularly across online retailers and digital banking services. However, …

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