Tag: cybercrime surge
US Data Compromises Double Year-on-Year
It's official – the US is losing the battle against cybercrime. The first quarter of this year has seen 841 publicly reported data compromises - a 90 percent increase compared to 442 compromises in Q1 2023. According to the Identity Theft Resource Center (ITRC), the picture may be even grimmer than these bald statistics suggest. Year-on-year, the number of cyberattack-related data breach notices without information about the root cause of the attack leapt from 166 in Q1 2023 to 439 in Q1 2024. This represents a staggering rise of 265 percent in unsolved data breaches.
UK Purchase Scams Surge up to £580M – October 25th
UK Finance has reported a significant increase in authorized push payment (APP) fraud in the first half of 2023. APP fraud refers to threat actors practicing identity fraud to trick victims into sending money to bank accounts under their control.