phishing News

FBI Reports Cybercrime Losses Nearly Doubled in 2018

The amount of reported losses from cyber crime nearly doubled in 2018 to $2.7 billion, with almost half of that from business email schemes that targeted wire transfer payments, according the FBI’s 2019 Internet Crime Report. The report, prepared by …

NAS Says Ransomware Demands Growing Along with Cyber Claim Costs

Cybercrime claims by policyholders outside the health care sector nearly doubled in 2018, led by financial fraud, often phishing schemes that lead to payments or wire transfers to criminals posing as clients or business partners, NAS Insurance said in a …

Fraudster Admits Scamming $100M from Facebook and Google

A Lithuanian man admitted he helped trick Facebook Inc. and Alphabet Inc.’s Google into sending more than $100 million through a phishing scheme. Evaldas Rimasauskas, 50, pleaded guilty to one count of wire fraud before U.S. District Judge George Daniels …

Canada’s Anti-Spam Legislation Working

Eric Dolden, founding partner with the Canadian law firm of Dolden Wallace Folick, provided details of Canada’s anti-spam legislation (CASL) that went into effect last year, during an interview with Claims Journal. One CASL exposure includes mass distribution of electronic …

Michigan Aims to be Nation’s Leader in Thwarting Cyberattacks

Michigan is aiming to invest in cybersecurity and position itself as a national leader in the field as attacks on governments increase. The state receives more than 730,000 attempted cyberattacks daily, and that number is rising as hackers and thieves …

Companies Test Employees on Hacking Vunerability

Are you a hack waiting to happen? Your boss wants to find out. High-profile hacks have companies on the defensive, trying to prevent becoming the next Sony Pictures or Anthem. And data shows phishing emails are more and more common …

JPMorgan Password Hack Leads to Data on 76M Homes

Hackers exploited an employee password to crack a JPMorgan Chase & Co. server and ultimately pull off one of the largest cyber-attacks ever, accessing data on 76 million households and 7 million small businesses. JPMorgan, the largest U.S. bank, outlined …

Online Fraud in 2012 Resulted in $525M in Losses

Online fraud is big business for criminals. The Internet Crime Complaint Center (IC3), jointly run by the Federal Bureau of Investigation and the National White Collar Crime Center, reported receiving over 289,000 complaints in 2012, which resulted in more than …

Cyber Fraud Outlook for 2014

Spearphishing, identity theft and personal devices brought to work are areas to watch for increasing fraudulent activity, according to a panel on 2014 Fraud Trends at the recent Privacy XChange Forum in held in Paradise Valley, Ariz. The panelists discuss …