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Total cost of average data breach reaches $3.8 million

The average consolidated total cost of a data breach is $3.8 million, according to a Ponemon Institute study of 350 companies spanning 11 countries.The study also found that …

Reactions to the IRS hack that impacted 100,000 people

Cybercriminals were able to successfully steal tax forms full of personal information of more than 100,000 taxpayers through IRS’ Get Transcript application. This data …

mSpy finally admits they’ve been hacked

After having first denied that they suffered a breach and had their customer’s data stolen and leaked on the Dark Web, mobile spyware maker mSpy has finally admitted …

How much money do cyber crooks collect via crypto ransomware?

“FireEye researchers have calculated that the cybercriminals wielding TeslaCrypt and AlphaCrypt have managed to extort $76,522 from 163 victims in only two months. …

Penn State engineering network is taken offline following two cyberattacks

The computer network of Pennsylvania State University’s College of Engineering has been temporarily disconnected from the Internet in the wake of two “highly …

Global black markets and the underground economy

Adam Tyler is the Chief Innovative Officer at CSID. In this interview he discusses global black markets, what type of information is most valuable for cybercriminals, modern …

Sensitive customer data leaked following mSpy data breach

mSpy, a company that sells “customized and user-friendly mobile and computer monitoring solutions,” has apparently suffered a data breach.They still haven’t …

Former employee claims cybersecurity firm extorted clients

Tiversa, a privately held cybersecurity company based in Pittsburgh, Pennsylvania, has been accused by a former employee of hacking and then trying to effectively extort money …

Cyber extortionists are hitting hedge funds

Hedge funds are increasingly targeted by cyber extortionists, John Carlin, US Assistant Attorney General for National Security, has warned the audience at the SALT hedge fund …

Man charged with attempted spear-phishing attack on U.S. Department of Energy

An indictment is charging a former employee of the U.S. Department of Energy and the U.S. Nuclear Regulatory Commission (NRC) with a total of four felony offenses in …

Breaking Bad-themed ransomware targeting users

“A new type of ransomware is targeting Australian users, and its creators have decided to have some fun and express their love for the popular US TV show Breaking Bad …

Casino installs new POS equipment while investigating potential data breach

A few days after Las Vegas’ Hard Rock casino revealed that it has been hit by carders, another US casino has started an internal investigation aimed at finding out …

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