KEY FINDINGS The cost of fraud for surveyed industries in APAC has risen sharply. On average, a fraudulent transaction costs nearly four times the lost transaction value on average now, compared to between 3.46 to 3.57 times from 3 years ago. While retail and ecommerce industries are being hit with fraud, financial institutions are getting […]
True Cost of Fraud APAC Study Read More »
Social engineering is the preeminent component of the overwhelming majority of cyberattacks today. Whether the goal of a threat actor is to directly perpetrate fraud, harvest credentials, or install malware, at some point a human being must be coerced into taking an action on the actors’ behalf. This fact is the basis for Proofpoint’s People-Centric
2022 Social Engineering Report Read More »
In Q1 2022, Kroll observed a 54% increase in phishing attacks being used for initial access in comparison with Q4 2021. Email compromise and ransomware were the two most common threat incident types, highlighting the integral part played by end users in the intrusion lifecycle. Kroll continues to observe widely-publicized vulnerabilities such as ProxyShell and
Q1 2022 Threat Landscape: Threat Actors Target Email for Access and Extortion Read More »
The Association of Southeast Asian Nations (ASEAN), like other regions, has seen a large increase in threat activity aimed at Managed Service Providers (MSPs) as cyber-criminals exploit vulnerabilities in infrastructure, software and processes to access and compromise sensitive customer data. Public regulations and private cyber-insurance requirements will be among the key drivers for raising IT
ASEAN MSPs are Key to Customers’ Data Protection Read More »
Is the cybersecurity workforce growing fast enough to keep up with new threats? During the last two years, IT teams were forced to rapidly adapt to remote and hybrid work models. While the effort was challenging, the ability to adapt was a safeguard for most organizations. Unfortunately, increases in remote and hybrid work models resulted
2022 Cybersecurity Skills Gap Read More »
This marks the fifth edition of the Modern Bank Heists report, which annually takes the pulse of the financial industry’s top CISOs and security leaders to provide executives with a ground truth on the changing behavior of cybercriminal cartels and the defensive shift of the financial sector. In this year’s report, 130 financial sector security
Modern Bank Heists 5.0 Read More »
COVER FEATURE: The right DX strategy for getting ahead in the digital economy Our cover feature on digital transformation (DX) comes from a panel session with IDC and regional insights for the Asia Pacific. Although the COVID pandemic sped up many DX plans, many of those plans were already in place before the pandemic hit.
Australian Cyber Security Magazine, Issue 12, 2022 Read More »
ESET researchers analyzed three malicious applications targeting customers of eight Malaysian banks The popularity of online shopping has been growing during the past few years, a trend accelerated by the pandemic. To make this already convenient way of never having to leave the couch to buy new things even more convenient, people are increasingly using
Fake e-shops on the prowl for banking credentials using android malware Read More »
The constant outpouring of news highlights that nation-state cyberattacks are a growing threat. Governments are behind many of the most dramatic successes. These nation-state cyberattacks create service disruptions, expose data, and create substantial financial costs. SolarWinds, Colonial Pipeline and the Microsoft Exchange “Hafnium” incident are examples, and if nothing else show that victims have to
In the Crosshairs: Organisations and Nation-State Cyber Threats Read More »
Fraud Returns As Economies Reopen Although the final weeks of 2021 will be remembered for the resurgence of the pandemic, driven by the new Omicron strain, the second half of the year actually marked the end of restrictions and the reopening of economies in many parts of the world. Especially in Europe, the Middle East
Balancing Risk & Reward Read More »
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