Cost of a Data Breach Report 2023: Insights, Mitigators and Best Practices

John Hanley of IBM Security shares 4 key findings from the highly acclaimed annual Cost of a Data Breach Report 2023 What is the IBM Cost of a Data Breach Report? The IBM Cost of a Data Breach Report is an annual report that provides organizations with quantifiable information about the financial impacts of breaches. With this data, they can make data driven decisions about how they implement

New COSMICENERGY Malware Exploits ICS Protocol to Sabotage Power Grids

A new strain of malicious software that's engineered to penetrate and disrupt critical systems in industrial environments has been unearthed. Google-owned threat intelligence firm Mandiant dubbed the malware COSMICENERGY, adding it was uploaded to the VirusTotal public malware scanning utility in December 2021 by a submitter in Russia. There is no evidence that it has been put to use in the wild

FBI Says North Korean Hackers Behind $100 Million Horizon Bridge Crypto Theft

The U.S. Federal Bureau of Investigation (FBI) on Monday confirmed that North Korean threat actors were responsible for the theft of $100 million in cryptocurrency assets from Harmony Horizon Bridge in June 2022. The law enforcement agency attributed the hack to the Lazarus Group and APT38 (aka BlueNoroff, Copernicium, and Stardust Chollima), the latter of which is a North Korean state-sponsored

Dridex Malware Now Attacking macOS Systems with Novel Infection Method

A variant of the infamous Dridex banking malware has set its sights on Apple's macOS operating system using a previously undocumented infection method, according to latest research. It has "adopted a new technique to deliver documents embedded with malicious macros to users without having to pretend to be invoices or other business-related files," Trend Micro researcher Armando Nathaniel

Facebook to Pay $725 Million to settle Lawsuit Over Cambridge Analytica Data Leak

Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, has agreed to pay $725 million to settle a long-running class-action lawsuit filed in 2018. The legal dispute sprang up in response to revelations that the social media giant allowed third-party apps such as those used by Cambridge Analytica to access users' personal information without their consent for political

Top Cyber Threats Facing E-Commerce Sites This Holiday Season

Delivering a superior customer experience is essential for any e-commerce business. For those companies, there's a lot at stake this holiday season. According to Digital Commerce 360, nearly $1.00 of every $4.00 spent on retail purchases during the 2022 holiday season will be spent online, resulting in $224 billion in e-commerce sales. To ensure your e-commerce site is ready for the holiday rush

New Evidence Links Raspberry Robin Malware to Dridex and Russian Evil Corp Hackers

Researchers have identified functional similarities between a malicious component used in the Raspberry Robin infection chain and a Dridex malware loader, further strengthening the operators' connections to the Russia-based Evil Corp group. The findings suggest that "Evil Corp is likely using Raspberry Robin infrastructure to carry out its attacks," IBM Security X-Force researcher Kevin Henson 

North Korean Hackers Suspected to be Behind $100M Horizon Bridge Hack

The notorious North Korea-backed hacking collective Lazarus Group is suspected to be behind the recent $100 million altcoin theft from Harmony Horizon Bridge, citing similarities to the Ronin bridge attack in March 2022. The finding comes as Harmony confirmed that its Horizon Bridge, a platform that allows users to move cryptocurrency across different blockchains, had been breached last week.

RIG Exploit Kit Now Infects Victims' PCs With Dridex Instead of Raccoon Stealer

The operators behind the Rig Exploit Kit have swapped the Raccoon Stealer malware for the Dridex financial trojan as part of an ongoing campaign that commenced in January 2022. The switch in modus operandi, spotted by Romanian company Bitdefender, comes in the wake of Raccoon Stealer temporarily closing the project after one of its team members responsible for critical operations passed away in