We’ve already had the first major API-related cybersecurity incidents for 2023. The T-Mobile API breach exposed the personally identifiable information (PII) of 37 million customers. The API attack had been going on since November but was not discovered and disclosed until January 19, illustrating the threat of the “low and slow” approach of API attacks, which are increasing at a steady pace.
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When it comes to law enforcement crime investigations, there is a maxim of, “follow the money”. This broadly means that if you can follow the money trail, it will eventually lead you to the perpetrator of the crime. In today’s modern society, money has now become a series of binary ones and zeros that are transferred between bank accounts without any real effort on either party, and cybercriminals are fully aware of how easy, and fragile, this process is.
Crypto scams are skyrocketing: In 2022, the FBI tracked an 183% year-over-year increase, driving $2.57 billion in losses. Last week, the popular YouTube channel Linus Tech Tips (LTT for short) – and two associated channels – became the latest crypto scam victim and unsuspecting accomplice.
