eWeek |
Hidden Costs Complicate Efforts to Estimate Data Breach Losses
eWeek Depending on the estimate, the average data breach may cost a company $ 7 million or $ 150 million. Why are data breach costs so hard to estimate? In May, tucked away in its quarterly filing to the Securities and Exchange Commission, retail giant Target … |
Over the past two and a half years, cybercriminals have managed to steal over $ 2.3 billion from thousands of companies worldwide by using little more than carefully crafted scam emails.
Known as business email compromise (BEC), CEO fraud or whaling, this type of attack involves criminals impersonating an organization’s chief executive officer, or some other high-ranking manager, and instructing employees via email to initiate rogue wire transfers.
According to an alert issued earlier this week by the FBI, between October 2013 and February 2016, 17,642 organizations from the U.S. and 79 other countries have fallen victim to BEC attacks. The combined losses amount to over $ 2.3 billion, the agency said.
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DefenseNews.com |
Industry Fears Massive Losses Through Espionage
DefenseNews.com WASHINGTON – To see the impact of cyber attacks on US industry and its Pentagon customers, one need look no further than last month's Zhuhai Airshow, where China's military showed off its J-31 stealth fighter and JY-26 "Skywatch-U" 3-D long-range air … |
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South Korea Counts Its Cyber War Losses
Strategy Page South Korea has been subjected to a growing number of Cyber War attacks since 2009 and the high cost of the latest ones shows that the North Koreans are getting better and that South Korea is not keeping up. But the South Koreans are making some … |