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A state-owned Russian banking and financial services company has estimated that the Russian economy will lose $44bn to cybercrime in 2020. Reuters reports that the estimate was published on Tuesday by Sberbank, which has held the title of Russia's largest bank since 2014. From its...

American telecommunications company Verizon today released its first ever data-driven report on cyber-espionage attacks. The 2020 Cyber Espionage Report (CER) draws from seven years of Verizon Data Breach Investigations Report (DBIR) content and more than 14 years of the company's Threat...

Nearly three-quarters (73%) of security and IT executives are concerned about additional risks posed to their organization by a distributed workforce since COVID-19, according to the Skybox Security 2020 Cybersecurity in the New Normal: Securing the Distributed Workforce report. In the survey...

The well-respected head of a US government cybersecurity agency has been fired by Donald Trump after confirming the Presidential election was free, fair and secure. As rumored last week and reported by Infosecurity, Christopher Krebs was on Tuesday “terminated” via a tweet from the White House...

Security researchers have uncovered another Chinese APT group, this time targeting southeast Asian governments, which has compromised over 200 machines in the past two years. Bitdefender dubbed the group “FunnyDream” after one of the backdoors used in the attacks. It appears to have been active...

US cold storage firm Americold has been hit by what appears to be a ransomware attack affecting business operations. The 117-year-old firm operates temperature-controlled warehouses and transportation to support the cold chains needed to supply, for example, vaccines like the one being...

An increase in ransomware sophistication, commodity malware and abuse of legitimate tools are predicted to be the main threats for the next year. According to the Sophos 2021 Threat Report, there will be a gap between ransomware operators at different ends of the skills and resource spectrum...

Learning lessons from the COVID-19 pandemic is vital to growing resiliency in the cybersecurity industry, according to Juliette Kayyem, former assistant secretary at the Department of Homeland Security, speaking during a keynote session at the virtual (ISC)2 Security Congress. She began by...

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Social media giant Twitter has created a new head of security position and hired a world-famous hacker to fill it. The appointment of 49-year-old American Peiter Zatko, known online by his hacking handle "Mudge," was announced by Twitter on November 16. According to Reuters, guitarist and...

An Irish cyber-thief has been jailed for his part in a SIM-swap conspiracy that robbed victims of their life savings. Conor Freeman was identified by US Homeland Security as a member of a criminal group that stole over $2m worth of cryptocurrency from multiple victims in 2018. Freeman, of Dun...

Americans are planning to do more of their holiday shopping online this year despite being concerned that they might fall victim to cyber-scams. Research by global computer security software company McAfee found that 36% of American consumers are planning on buying gifts online this year...

Attacks on the biotech and pharmaceutical industry have risen by 50% in 2020 compared to 2019, according to a new report from BlueVoyant. These findings come amid positive recent news regarding the development of COVID-19 vaccines. It is unsurprising therefore that the cybersecurity firm found...