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US citizens lost more than $68M to SIM swap attacks in 2021, FBI warns

Security Affairs

The FBI reported that US citizens have lost more than $68 million to SIM swapping attacks in 2021, the number of complaints since 2018 and associated losses have increased almost fivefold. In 2021, IC3 received 1,611 SIM swapping complaints with adjusted losses of more than $68 million.”

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REvil gang exploited a zero-day in the Kaseya supply chain attack

Security Affairs

Now new details about the attack are emerging, the Dutch Institute for Vulnerability Disclosure (DIVD) reported a zero-day vulnerability, tracked as CVE-2021-30116] and affecting Kaseya VSA servers, to the company. link] — Victor Gevers (@0xDUDE) July 4, 2021. “So ransomware can push itself to systems.

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FINRA Issues 2021 Report on its Examination and Risk Monitoring Program

Data Matters

Released on February 1, the Financial Industry Regulatory Authority (FINRA) 2021 Report on its Examination and Risk Monitoring Program (Report) provides a roadmap for member firms to use to prepare for examinations and to review and assess compliance and supervisory procedures related to business practices, compliance, and operations.

Risk 81
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Top GRC Tools & Software for 2021

eSecurity Planet

LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others. LogicManager is lauded for its user experience and technical training and was named a Challenger in Gartner’s 2020 Magic Quadrant for IT risk management. LogicManager.

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Risk Management under the DORA Regulation

IT Governance

2019 (Q2–Q4) 2020 (Q2–Q4) 2021 (Q2–Q4) 2022 (Q2–Q4) Data breaches 855 752 (-12%) 630 (-16%) 648 (+3%) Cyber attacks 143 245 (+71%) 230 (-6%) 285 (+23%) Note 1: The ICO data set only provides the numbers for Q2 2019 until Q4 2022. Note 2: The percentages in brackets indicate the % change compared to the previous year. million (about £4.70

Risk 85
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Spanish police dismantled SIM swapping gang who stole money from victims’ bank accounts

Security Affairs

In this way they could operate in online banking and access bank accounts to empty them after receiving security confirmation messages from the banks.” Do not store passwords, usernames, or other information for easy login on mobile device applications. Authenticate calls from third party authorized retailers requesting.

Passwords 114
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51 Must-Know Phishing Statistics for 2023

IT Governance

An Office for National Statistics report revealed that UK organisations have experienced a 57% increase in “consumer and retail fraud” compared to pre-pandemic levels. The UK Government’s Cyber Security Breaches Survey 2022 revealed that 83% of organisations that suffered a cyber attack in the past year said that it was caused by phishing.

Phishing 109