United States Reported Less Data Breaches in 2020 but with much more Expensive Successful Hacker Attacks
According to the annual report of the Identity Theft Resource Center (ITRC), 1,108 cyber incidents were reported in 2020 and the number casualties from these incidents was close to 301 million people, a drop of 66% over the previous year.
The social engineering technique of impersonation also helped attackers reap massive profits:
The volume of business fraud and hacking by corporate e-mail systems (BECs) reported to the FBI in 2020 was US$ 1.8 Billion – a figure that reflects half of all cyber damage in monetary terms.
“The trend away from mass data breaches and toward more precise and sophisticated cyberattacks doesn’t mean businesses can relax. Just the opposite. They need to learn whole new ways of protecting their data.”
– James E. Lee, ITRC COO
Read more about Examples and Numbers of Social Engineering Hacker Attacks ›
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Silent Ransom Group’s Targeting of Law Firms: A Wake-Up Call for the Legal Industry
⚖️ Law Firms Under Siege: Silent Ransom Group’s Sophisticated Attacks
📢 The FBI has issued a warning about the Silent Ransom Group (SRG), also known as Luna Moth, targeting U.S. law firms with advanced social engineering tactics.
📧 SRG sends phishing emails disguised as subscription invoices, prompting recipients to call a number where attackers impersonate IT support.
🖥️ Victims are guided to install remote access tools like AnyDesk or Zoho Assist, granting attackers control over their systems.
🔐 Once inside, SRG exfiltrates sensitive legal data and demands ransom payments to prevent public disclosure.
🎯 Law firms are prime targets due to the confidential nature of their data, making them more susceptible to extortion.
🛡️ To defend against such threats, law firms must invest in employee training, implement strict access controls, and develop comprehensive incident response plans.
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The Hidden Cybersecurity Risks of Layoffs: Protecting Your Organization During Workforce Reductions
🛡️ Layoffs and Cybersecurity: Navigating the Hidden Risks
🔐 Layoffs are more than just operational challenges; they pose significant cybersecurity threats.
🚨 83% of organizations reported insider attacks in 2024, often linked to inadequate offboarding processes.
🧠 Departing employees may retain access to sensitive systems, either unintentionally or with malicious intent.
📉 Cybercriminals exploit organizational transitions, launching targeted phishing and social engineering attacks.
🛠️ Mitigation strategies include immediate access revocation, comprehensive device retrieval, regular audits of access controls, and conducting thorough exit interviews.
🤝 Fostering a culture of security and empathy ensures that both departing and remaining staff understand the importance of cybersecurity during transitions.
🔒 Protect your organization during workforce changes. Schedule a consultation with AUMINT.io today.
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