IBM X-Force released a report, disclosing that ransomware attacks declined by 11.5% in 2023, compared to 2022. IBM says the decline in ransomware attacks is largely due to the new cybercrime focus of infostealing tactics which rose by 32%. IBM X-Force's report gathered data for the report based on 150 billion daily security events from 130 countries last year.
Dubbed the ‘biggest hack of the year’, the recent attack on Hong Kong-based digital wallet company, Mixin Network has cost the company $200 million worth of crypto assets. Network authorities have announced that deposits and withdrawals on the site will only recommence once all vulnerabilities have been confirmed and fixed.
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