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Cyber Insurance Claims Rise Due To Phishing and Social Engineering Cyber Attacks

KnowBe4

New data covering cyber insurance claims through 2023 shows claims have increased while reaffirming what we already know: phishing and social engineering are the real problem.

Insurance 102
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‘Tis the Season for the Wayward Package Phish

Krebs on Security

Here’s a look at a fairly elaborate SMS-based phishing scam that spoofs FedEx in a bid to extract personal and financial information from unwary recipients. One of dozens of FedEx-themed phishing sites currently being advertised via SMS spam. ” Attempting to visit the domain in the phishing link — o001cfedeex[.]com

Phishing 332
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Karma Catches Up to Global Phishing Service 16Shop

Krebs on Security

You’ve probably never heard of “ 16Shop ,” but there’s a good chance someone using it has tried to phish you. A 16Shop phishing page spoofing Apple and targeting Japanese users. Image: Akamai.com. The INTERPOL statement says the platform sold hacking tools to compromise more than 70,000 users in 43 countries.

Phishing 198
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Multifactor Authentication Bypass Attacks: Top Defenses

Data Breach Today

Joe Toomey of Cyber Insurer Coalition Details Rise in Attacks Targeting Weak MFA Adversaries seeking easy access to enterprise networks continue to probe for weak multifactor authentication deployments, oftentimes via nontargeted attacks that lead to phishing pages designed to steal one-time codes, said Joe Toomey, head of security engineering at cyber (..)

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Senior Executives Beware: The Rise of EvilProxy Phishing Campaigns

KnowBe4

Menlo Security warns that a social engineering campaign is using the EvilProxy phishing kit to target senior executives across a range of industries, including banking and financial services, insurance, property management and real estate, and manufacturing.

Phishing 105
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Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks. That’s a 29.1%

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State-Sponsored Phishing Campaigns Target 40,000 VIP Individuals

KnowBe4

Researchers at Menlo Security discovered three state-sponsored phishing campaigns that have targeted 40,000 important individuals over the past three months. “In The breadth and depth of these breaches signal an alarming escalation in cyber warfare.” Boomer will avoid detection if only traditional controls are in place.