Organizations lost $2.7 billion to Internet-enabled theft, fraud and exploitation in 2018, with business e-mail compromise scams resulting in the highest of these financial losses, according to the FBI’s Internet Crime Complaint Center (IC3).
The Trump Administration’s designation of Iran’s Islamic Revolutionary Guard Corps as a foreign terrorist organization could prompt retaliatory cyber attacks from state-sponsored actors from the Islamic Republic, security researchers from Recorded Future warn.
U.S. government agencies and businesses are largely unprepared for a major cyber attack from state-sponsored actors, and must prepare now, according to a report by key governmental-focused think tanks.
Iranian state-sponsored hackers are regrouping after the shutdown last year of their main security forum, migrating to other forums and making new connections for potential cyber-response against mounting political pressures from the United States and Europe, according to a new report.
China is eyeing dominance of the Internet of Things (IoT) market and may use vulnerabilities in these technologies as the next front on its ongoing cyberwar with the United States, according to a new report.