Tag: Losses
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FBI: Cybercrime cost Americans over $12.5B in 2023
The cost of reported cybercrime in the U.S. jumped 22% last year to more than $12.5 billion, according to the FBI’s Internet Crime …
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FBI: US Ransomware Losses Surge 74% to $59.6 Million in 2023
Ransomware losses in the US surged to $59.6m in 2023, a 74% rise on the previous year’s reported figure of $34.4m, according to the …
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Rug Pull Schemes: Crypto Investor Losses Near $1M
Check Point’s Threat Intel Blockchain system has revealed a new scam, shedding light on the persistent threat of Rug Pulls – a …
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Purchase Scams Surge as Fraud Losses Hit £580m
Authorised push payment (APP) fraud continues to be a major headache for the UK banking industry and its customers, contributing to almost …
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Too Rich To Ransomware? MGM Brushes Off $100M in Losses
Following September’s ransomware attack on MGM Resorts, the hospitality and casino giant swiftly decided not to engage or negotiate with …
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Visa Program Combats Friendly Fraud Losses For Small Businesses Globally
The rule change gives merchants more ways to show a disputed charge is valid and authorized, helping business owners keep money that is …
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Fraudulent Instruction Losses Spike in 2022
The percentage of insurance claims for fraudulent instruction attacks has in the first quarters of 2022 already exceeded the figure for the …
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E-Commerce Losses to Online Payment Fraud to Exceed $48B Globally in 2023, as Fraud Incursions Evolve
Hampshire, UK, Oct. 12, 2022 — A new study from Juniper Research has found that the total cost of eCommerce fraud to merchants will …
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Binance-Linked Network Hacked, Over $570 Million in Losses Recorded
A Binance-linked blockchain is the latest victim of a cyberattack. Reportedly the world’s largest crypto exchange, Binance, has suffered …
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API Security Losses Total Billions, But It’s Complicated
A recent analysis of breaches involving application programming interfaces (APIs) arrives at some eye-popping damage figures, but which …
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Europol Busts Phishing Gang Responsible for Millions in Losses
Europol on Tuesday announced the dismantling of an organized crime group that dabbled in phishing, fraud, scams, and money laundering …
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