BNB and Ethereum chains are the most targeted by Web3 criminals, accounting for more than half of all losses. But what are BNB and Etherium? What’s a Web3 criminal? And should you be worried?
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No one is safe from hackers, and a new study from Security HQ has found that cyber criminals are now targeting the legal sector.
Out of 40 practices investigated, ‘75% reported having been the victims of a cyber-attack’ and for ‘23 of those that were directly targeted, over £4m of client money was stolen’. What makes this worse is that ‘Half of the firms were found to have allowed unrestricted use of external data storage media.’ reports the Solicitors Regulation Authority (SRA) Report.
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Whether it’s phishing, Trojan Horses or a DDoS attack, cyber crime is getting more and more complex and efficient
All of which is obviously concerning, but have you ever wondered how hackers actually make their money?
The frequency and severity of cyber attacks rose again in 2019 as hackers successfully attacked major cities, governments, businesses, hospitals, and schools across the globe – in October alone 421,103,896, data records were confirmed to have been breached, with 111 incidents in which sensitive and financial information was compromised.
It’s been a few years since the Wannacry cyber hack hit thousands of organisations worldwide, including the NHS, and brought the reliance on the internet and technology into sharp focus. While the events were more about hackers holding large organisations to ransom, many individuals could be concerned about whether their personal data might be at risk as a result of the hack. And the hackers are showing no signs of slowing down.
But how well do you know the web?
GDPR – the new EU legislation on data protection – has been a bit of a nightmare for many businesses across the UK and beyond. There will have been great costs incurred by those businesses who have had to contact everyone on their database to try and convince them they can continue to use their data. And there may be an even higher price to pay for those businesses that have had to thoroughly wash their archived data, losing a significant amount of leads in the process.
But there’s also a concern that the new rules make catching hackers even more challenging.
Cybercrime has been on the rise since the pandemic. More of us have had to make online purchases, which means scammers have more opportunity to defraud us.
If you regularly make online payments, whether for goods or services, you’ll need to watch out for the latest technique fraudsters are using to get their hands on your money – push payment fraud.
Figures from UK Finance, the banking trade body, have revealed that £236 million was lost to push payment fraud, with banks unable to return nearly three-quarters (74%) of the lost money.
In the vast majority of cases (88%) it was individual consumers who were conned out of their money, with an average loss of £2,784. The remaining cases were made up of businesses, who lost an average of £24,335 each.
Paying the ransom is still the most common response to a ransomware attack. Although progress has been made, organisations are still paying out. Here’s more on ransomware attacks following new research from Databarracks.
The crypto bubble may be bursting, but it seems there’s no stopping the cyber criminals as return from investment scams have jumped by more than 50% from May 2021 to May 2022.
Global ransomware attacks have dropped over the last few months, but a cyber security expert fears that things could be about to change without international cooperation.
If you work from home, do you know whether your WiFi network is secure? If it isn’t, hackers could use it to access your device and steal sensitive data.
Here are five simple tips to secure the WiFi security in your home network.
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