Computer Security News and Insights
A Single FakeEmail Cost One Company $37 Million In 2024, Orion SA, a Luxembourg-based steel trading company, disclosed it lost approximately $60 million after an employee was tricked by a business email compromise scheme using fraudulent email communications. That same year, the FBI's IC3 received over 21,000
A Single PayPal Email Cost One Business Owner $68,000 I got the call on a Tuesday morning. A small business owner in Ohio had received what looked like a routine PayPal dispute notification. She clicked the link, entered her credentials, and within four hours, a threat actor had drained
3.4 Billion Phishing Emails Hit Inboxes Every Single Day That number comes straight from industry research, and if anything, it understates the problem. Spam email isn't just an annoyance clogging your inbox with fake weight-loss ads anymore. It's the primary delivery mechanism for ransomware, credential
The Phone Call That Cost One Company $23.5 Million In 2024, a finance executive at a multinational firm in Hong Kong joined a video call with what appeared to be the company's CFO and several colleagues. Every face on screen was a deepfake. The voice on the
Last year, a finance director at a mid-sized logistics company clicked a link in what looked like a DocuSign notification. Fourteen seconds later, a threat actor had her Microsoft 365 credentials. Within two hours, the attacker had redirected a $380,000 wire transfer to an overseas account. The link she
In 2023, the FBI's Internet Crime Complaint Center received over 298,000 complaints related to phishing and spoofing — making it the number one reported cybercrime category for the fifth year running. That wasn't a fluke. Spoofing is the backbone of almost every major social engineering campaign
In 2023, the FBI's Internet Crime Complaint Center (IC3) reported over $12.5 billion in losses from internet crime — a staggering 22% increase from the year before. Behind many of these losses weren't lone hackers in basements. They were organized groups running coordinated group online svindel
A Single Click That Cost $100 Million In 2023, MGM Resorts was brought to its knees — not by a sophisticated zero-day exploit, but by a phishing attack that started with a phone call to an IT help desk. Threat actors from the Scattered Spider group used social engineering to impersonate
A Single Phishing Email Just Cost a Healthcare System $65 Million If you follow phishing news, you already know the headlines keep getting worse. Change Healthcare's 2024 breach — triggered by compromised credentials and the absence of multi-factor authentication — led to a reported $22 billion disruption across the U.
When "Removed" Shows Up and You Don't Know Why Last month, a colleague forwarded me a screenshot from their phone. An app called "Removed" appeared in their app list, and they had no memory of installing it. Their first instinct was to Google "
