Between Europe's General Data Protection Regulation launch and Apple Inc. WWDC keynote, the last two weeks have seen a major push to enhance privacy for individuals worldwide.
According to recent cybercrime statistics, BEC has stolen more than $5 billion dollars from unsuspecting victims worldwide, including Canadian businessesi. BEC is the second highest for monetary loss out of over 40 fraud types reported to the Canadian Anti-Fraud Centre (CAFC). It’s real, it’s growing, but with increased awareness, it can be prevented.
To stay safe in an increasingly hostile online world, the first step is to understand the kinds of people and groups who are actively attacking others online.
At the top of that ever-growing cybercriminal population are the so called Advanced Persistent Threat or APT groups in cybersecurity jargon. The following groups are among the best and best known in the world.
In January it was revealed that there were two baked-in flaws in the microprocessors used by billions of devices globally, from laptops to servers and mobile devices. The security flaws caused consternation and a flurry of activity around the world as organizations struggled to apply software patches to the flaws to Windows, Linux and MacOS.
But software patches can't fix hardware design flaws, they can only attempt to minimize the risk with a costly performance trade-off in some cases.
And the lesson from Meltdown and Spectre isn't just about the importance of patching. It's that technology alone isn't the cause - or the solution to - cyber risk.
For Bankrupted Morehead Hospital, a successful cyber attack could not have come at a worse time. Two weeks after declaring bankruptcy, Morehead now owes up to $1.5 million for HIPAA violations.
It isn't just bad when you're dealing with a bankruptcy, for small and medium size organizations a cyber attack can tip your organization into financial distress.
October brought about the third major ransomworm attack of 2017, taking advantage of the same leaked NSA hacking tools as NotPetya and WannaCry.
While Bad Rabbit's impacts so far pale to the billions of dollars in damages done globally by NotPetya and WannaCry, its spread highlights why reducing the risk of these attacks means dealing with people, process, culture and technology.
The fallout of the Equifax data breach is going to be felt by companies, individuals and government for years to come.
This digital disaster will cause millions of people significant stress as they are dragged into a near never-ending battle with identity thieves. With a stolen SIN or SSN, thieves could receive government benefits, tax refunds, or bank credit.