Hacker stole £700,000 from UK energy company by redirecting payment

British oil and gas company Zephyr Energy says someone stole £700,000 (close to $1 million) from one of its U.S.-based subsidiaries by redirecting a payment meant for a contractor into a hacker-controlled account. In a regulatory filing with the London Read More …

Microsoft disrupts global cybercrime subscription service responsible for millions in fraud losses

Today, Microsoft is announcing a coordinated legal action in the United States and, for the first time, the United Kingdom to disrupt RedVDS, a global cybercrime subscription service fueling millions in fraud losses. These efforts are part of a broader Read More …

African authorities dismantle massive cybercrime and fraud networks, recover millions

LYON, France – In a sweeping INTERPOL-coordinated operation, authorities across Africa have arrested 1,209 cybercriminals targeting nearly 88,000 victims. The crackdown recovered USD 97.4 million and dismantled 11,432 malicious infrastructures, underscoring the global reach of cybercrime and the urgent need Read More …

Proactive Email Security: The Power of AI

Cybercriminals are using AI to launch faster, more targeted attacks—impersonating executives, bypassing filters with QR phishing or AI-driven deception techniques, and exploiting human error to cause financial and reputational damage. Traditional defenses can’t keep up. This report explores how AI-powered Read More …

Email Attacks Drive Record Cybercrime Losses in 2024

The FBI’s Internet Crime Complaint Center (IC3) has released its 2024 Internet Crime Report. And it has revealed a record-breaking surge in cybercrime losses across the United States. Last year, total losses reached $16.6 billion, which is a 33% increase Read More …

Unpacking a B2B Business Email Compromise (BEC) Scenario

When an organization is subject to a Business Email Compromise (BEC), a single email could result in substantial monetary losses. Threat actors employing such tactics could employ different techniques, ranging from simple to advanced, and have seen increased activities yearly. Read More …

INTERPOL financial crime operation makes record 5,500 arrests, seizures worth over USD 400 million

LYON, France – A global operation involving law enforcement from 40 countries, territories and regions has ended with the arrest of over 5,500 financial crime suspects and the seizure of more than USD 400 million in virtual assets and government-backed Read More …

INTERPOL: Major cybercrime operation nets 1,006 suspects

LYON, France – Authorities across 19 African countries have arrested 1,006 suspects and dismantled 134,089 malicious infrastructures and networks thanks to a joint operation by INTERPOL and AFRIPOL against cybercrime. Operation Serengeti (2 September – 31 October) targeted criminals behind Read More …

Awareness of Cyber Risks to Healthcare Organizations is not Always Translating to Adequate Protections

Despite growing awareness and widespread acknowledgment of the impact of cyber threats facing the healthcare industry, many within it are still struggling to keep them at bay. The third annual Ponemon Institute Report, commissioned by Proofpoint, found that 92% of Read More …

File hosting services misused for identity phishing

Microsoft has observed campaigns misusing legitimate file hosting services increasingly use defense evasion tactics involving files with restricted access and view-only restrictions. While these campaigns are generic and opportunistic in nature, they involve sophisticated techniques to perform social engineering, evade Read More …