The specter of cybercrime continues to grow, with losses soaring to $12.5 billion in 2023, according to the recently released Internet Crime Report by the FBI's Internet Crime Complaint Center (IC3). The revelations underline an alarming surge in cybercrime, affecting both business and personal interests alike, with the main attack vectors being investment fraud, business email compromises and an increased surge of ransomware attacks on nearly every critical infrastructure sector.

Navigating the internet today can be a minefield. With the rise of malicious websites, customers and employees must now think twice before clicking on unfamiliar links or sites. Attackers often try to spoof and ‘brandjack’ well-reputed organizations and lure users into giving away personal info, money or letting hackers into their systems.

A recent report reveals a significant discrepancy in the priorities of mid-market IT departments when it comes to addressing cyber threats. It's somewhat ironic that IT professionals find themselves entangled in a logical paradox when responding to surveys, as demonstrated by Node4’s Mid-Market IT Priorities Report 2024.

Faced with year-on-year rising attack figures, law enforcement have struggled to adapt to the immense task of preventing ransomware and cyber extortion. By tracking and analysing attacker reported victim data, we seek to explore the significance of Lockbit’s recent takedown in the context of prior disruption efforts.

Late last year, the Computer Emergency Response Team of Ukraine (CERT-UA) released an advisory that reported cyberattacks targeting Ukrainian state organizations attributed to the Kremlin-backed nation-state group APT28, aka Fancy Bear/Sofacy. The advisory listed the use of a new backdoor named “OCEANMAP,” detailed in this whitepaper.

Researchers predict a 25% rise in CVEs, TimbreStealer malware spreads through phishing, and Proofpoint releases its 2024 State of the Phish report.

A ransomware attack can demoralize or debilitate organizations quite like no other. Not only does ransomware strike a company's morale, but it also causes massive financial losses along with reputational damage that could prove difficult to repair. Cybersecurity Ventures predicted global ransomware damage costs to reach $20 billion annually in 2021, up from $325 million in 2015. In eight years from now, the costs will exceed $265 billion.

In today's rapidly evolving cyber landscape, modern adversaries constantly advance their methods to circumvent traditional defenses. At Trustwave, recent observations have unveiled the resurgence of the BlackCat group following its disruption by the US Justice Department on December 19, 2023.