Businesses in North America are expected to lose $210 million this year to corporate bank account takeovers, according to a new report from financial research and consulting firm Aite Group. The report, “Banks and Business in the Crosshairs: Cybercrime and Its Impact,” estimates that losses from these seizures, by which hackers gain control of online bank accounts to make unauthorized transfers, will grow to $371 million by 2015. Moreover, the number of new, unique strains of malware released each year is expected to increase – from 25 million by the close of 2011 to 87 million by the end of 2015.
Massachusetts-based non-profit health service firm Harvard Pilgrim Health Care has confirmed that more than 2.55 million of its current and former members had their sensitive data compromised following a ransomware attack in April, BleepingComputer reports.
U.S. legal discovery tech service provider Casepoint has launched a probe into a possible cyberattack following claims by the ALPHV/BlackCat ransomware operation purporting the theft of 2TB of sensitive data from the firm, according to TechCrunch.
BleepingComputer reports that several email accounts owned by Spanish-speaking users across Latin America have been hijacked by the newly-discovered ongoing Horabot botnet campaign, which has been delivering a banking trojan and spam tool since November 2020.