Reports show that phishing and malware attacks have spiked by 173% and 110% respectively in the third quarter of this year, compared with the second quarter of the year. A staggering 493.2 million phishing attacks and 125.7 million malware attacks were logged during this period.
Systems powered by artificial intelligence, quantum computing, and cutting-edge microchips, together with genetic engineering, are being viewed with suspicion by the European Commission. As a result, the European Union (EU) is now in close and intense consultation with the EU’s 27 member states to establish an argument for potential trade bans and investment screenings.
US corporations lose an average of 4.3 percent of their online revenues to malicious ‘bots,’ malware designed to resemble human communications. Malware attacks of this nature accounts for an average annual loss of $86.5 million a year for corporations with average annual online revenues of $1.9 billion, according to a new report from cybersecurity firm Netacea, “Death by a Billion Bots: The Accumulating Business Cost of Malicious Automation”.
In today's roundup; Cyberattacks encrypt UK school data, Russian threat actors may face lengthy imprisonment, and 'Charming Kitten' hacks 34 company systems.
The world’s most-wanted cybercriminal, Russia’s Mikhail Matveev, who already has a $10 million dollar bounty issued by the FBI, is believed to be behind the recent theft of thousands of documents stolen from the UK’s Ministry of Defence (MoD). While authorities are intent on taking him down, his reign of terror shows no signs of stopping.
The attack allowed bad actors to lock LinkedIn users out of their accounts and resulted in ransom demands to allow users to access their accounts again. The ongoing attacks caused LinkedIn account inquiries to spike by 5000%. The full report is available on Cyberint’s website.
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