Impersonation Scams Net Fraudsters $1.1bn in a Year

Impersonation Scams Net Fraudsters $1.1bn in a Year

Impersonation fraud losses have surged three-fold over the past three years to exceed $1.1bn in 2023, according to new figures from the Federal Trade Commission (FTC). The consumer protection agency revealed yesterday that it received 330,000 reports of business...
Global Ransomware Damages to Exceed $30bn by 2023

Global Ransomware Damages to Exceed $30bn by 2023

Nearly half of breaches during the first six months of 2022 involved stolen credentials, Switzerland-based cybersecurity company Acronis reported in its Mid-Year Cyberthreat Report, published on August 24, 2022. It will come as no surprise to learn that the...