CFOtech US - Technology news for CFOs & financial decision-makers

Cybercrime stories - Page 16

Any use of network connected electronic devices such as computers or smartphones for criminal activity is classified as cybercrime. With a long history starting with the misuse of telephone systems (such as ‘phreaking’), cybercrime today includes the creation and distribution of viruses, ransomware, keyloggers and other malware, the download and use of malware produced by others, social engineering tactics such as phishing or (physical) impersonation, the theft and use of credentials for accessing computer systems or networks, and the theft of privileged data. Cybercrime is a broad and dynamic field, with cybercriminals constantly adapting their methods in pursuit of usually financial goals, but also occasionally seeking to disrupt, embarrass or shame their targets.
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Adidas data breach highlights supply chain risk for retailers

Thu, 29th May 2025
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Adidas has suffered a data breach via a third-party provider, exposing customer information and highlighting rising cyber risks in retail supply chains.
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AI-powered ransomware surge despite fewer ransoms paid

Thu, 29th May 2025
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A Delinea report reveals 69% of organisations faced AI-driven ransomware attacks in the past year, despite fewer victims paying ransoms.
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Fake AI social media ads spread malware to millions globally

Wed, 28th May 2025
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Vietnam-linked hackers have used fake AI ads on Facebook and LinkedIn to spread malware to millions globally, stealing sensitive data from users.
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US charges Russian in Qakbot cybercrime, seizes USD $24m

Wed, 28th May 2025
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The US has charged Russian Rustam Gallyamov for running the Qakbot malware network, seizing USD $24m in cryptocurrency from cybercrime activities.
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Radware honours Bell Canada & Presidio for cybersecurity work

Wed, 28th May 2025
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Radware has named Bell Canada and Presidio Partners of the Year for their standout contributions to cybersecurity and service delivery excellence.
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US government face surge in cyberattacks amid budget cuts

Wed, 28th May 2025
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ransomware
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US state and local governments face a surge in cyberattacks amid budget cuts, with ransom costs averaging USD $872,656 per attack since 2018.
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Exclusive: Dell integrates security at the heart of AI innovation

Tue, 27th May 2025
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network infrastructure
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digital transformation
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encryption
Dell integrates security throughout its AI factory, aiming to secure AI innovation from design to deployment amid rising cyber threats and regulatory demands.
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Phishing attacks exploit AppSheet to mimic Meta & evade defences

Mon, 26th May 2025
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KnowBe4 Threat Labs warns of rising phishing attacks exploiting Google's AppSheet, impersonating Meta to bypass conventional email defences worldwide.
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DanaBot takedown highlights blurred lines in Russian cybercrime

Fri, 23rd May 2025
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The US DOJ indicted Russian nationals behind DanaBot malware, linked to Russian intelligence and used for cybercrime, espionage, and attacks on Ukraine.
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Hazy Hawk exploits abandoned cloud DNS for global scams surge

Thu, 22nd May 2025
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Cybersecurity firm Infoblox warns of Hazy Hawk, a threat actor hijacking DNS records from abandoned cloud resources to spread scams and malware worldwide.
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Retail fraud awareness rises with social media, risks USD $107bn

Thu, 22nd May 2025
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Awareness of retail fraud surges via social media, with risks looming at USD $107bn by 2029 as consumers grow tempted and acceptance rises.
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AI-driven threats prompt IT leaders to rethink hybrid cloud security

Thu, 22nd May 2025
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A new survey reveals 91% of IT leaders are reassessing hybrid cloud risks as AI-driven cyberattacks surge, with global costs hitting USD $3 trillion annually.
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Malicious memes: How cybercriminals use humour to spread malware

Thu, 22nd May 2025
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Cybercriminals exploit viral memes to spread malware and phishing attacks, using humour to bypass defences and target millions online in Australia and beyond.
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SEO poisoning attack diverts wages using fake payroll websites

Thu, 22nd May 2025
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network security
Cyberattackers used SEO poisoning to mimic a payroll portal, stealing employee wages via mobile devices in a widespread manufacturing sector fraud uncovered by ReliaQuest.
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Cloudflare, Microsoft & police disrupt global malware service

Thu, 22nd May 2025
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Cloudflare and Microsoft, with global law enforcement, have disrupted LummaC2, a major malware service stealing data worldwide and used for cybercrime.
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The Ransomware Threat: How to respond and protect your organisation

Mon, 19th May 2025
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data protection
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Ransomware attacks in Australia surged in 2023–24, costing businesses up to AUD $97,200 on average, urging firms to bolster cyber defences and response plans.
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Coinbase offers USD $20 million bounty after insider data breach

Fri, 16th May 2025
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data protection
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Coinbase says a data breach affected around 1% of users, with cybercriminals demanding a USD $20 million ransom, which was firmly rejected by the firm.
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Scattered Spider hackers shift focus from UK to US retailers

Fri, 16th May 2025
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Cybercriminal group Scattered Spider, known for targeting UK retailers, has shifted focus to major US retailers, raising fresh cybersecurity concerns.
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Alabama cyberattack exposes state staff credentials, disrupts services

Thu, 15th May 2025
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Alabama probes a cyberattack disrupting government services and stealing employee credentials, urging staff to exercise caution amid ongoing investigations.
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Dior & Nucor cyberattacks highlight risks for global firms

Thu, 15th May 2025
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Luxury brand Dior and US steel producer Nucor both face major cyberattacks, exposing vulnerabilities in fashion and industrial sectors globally.