Threat Management, Incident Response, TDR

Corporate bank fraud losses expected to total $210M

September 26, 2011

Businesses in North America are expected to lose $210 million this year to corporate bank account takeovers, according to a new report from financial research and consulting firm Aite Group. The report, “Banks and Business in the Crosshairs: Cybercrime and Its Impact,” estimates that losses from these seizures, by which hackers gain control of online bank accounts to make unauthorized transfers, will grow to $371 million by 2015. Moreover, the number of new, unique strains of malware released each year is expected to increase – from 25 million by the close of 2011 to 87 million by the end of 2015.

Angela Moscaritolo

United States Department of the Treasury seal

Identity

BeyondTrust breach hits US Treasury Department

SC StaffDecember 31, 2024

The U.S. Treasury Department was confirmed to have its computers and documents compromised by Chinese state-backed advanced persistent threat hackers in an attack targeted at its BeyondTrust Remote Support software-as-a-service instance just over a week after the BeyondTrust breach was initially reported, reports BleepingComputer.

China Flag Made of Binary Code and Chinese Symbols on Red Backgr

Critical Infrastructure Security

Another US telco breached by Salt Typhoon as AT&T, Verizon acknowledge compromise

SC StaffDecember 30, 2024

Nine U.S. telecommunications firms were confirmed by U.S. officials to have been compromised by Chinese state-backed threat group Salt Typhoon as part of its sweeping cyberespionage operation, with the newly-added unnamed entity's networks breached to facilitate geolocating activities for millions of individuals, Reuters reports.

Russia flag is depicted on the screen with the program code. The concept of modern technology and site development.

Critical Infrastructure Security

Italian websites subjected to pro-Russian DDoS attack campaign

SC StaffDecember 30, 2024

Security Affairs reports that numerous Italian websites — including those of the country's Ministry of Foreign Affairs, the Turin Transport Group, and the Linate and Malpensa airports — have been compromised as part of a distributed denial-of-service attack by pro-Russian hacktivist operation NoName057, which noted the intrusions to have been launched in retaliation of "Italian Russophobes."

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