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Bank Info Security 1 year, 3 months ago

Fraud in Your Inbox: Email Is Still the Weakest Link

At-Bay Cyber Insurance Claims Report Finds 83% of Financial Fraud Starts With EmailFinancial fraud remains the leading driver of cyberinsurance claims, with 83% of cases traced back to email-based attacks. Common tactics used to deceive employees include wiring funds to fraudulent accounts, generative AI-crafted emails, executive and vendor impersonation and BEC scams.

Bank Info Security 2 years, 3 months ago

Half of UK Firms, Charities Failed to Report Cyber Incidents

Survey: SMBs, Charities Mostly Targeted With Phishing, Online Impersonation in 2023Cybercriminals launched 7.78 million attacks against U.K. businesses and nearly 1 million against charity organizations, according to the latest U.K. government survey report. But fewer than half of those firms reported the incidents to authorities, something researchers say is a concerning trend.