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10 Years in Prison for $4.5 million BEC Scammer Who Bought Ferrari to Launder Money

A scammer has been sentenced to 10 years in prison for laundering over US $4.5 million obtained by targeting businesses and the elderly with Business Email Compromise ( BEC) and romance fraud scams. Malachi Mullings, a 31-year-old from Sandy Springs, Georgia, was charged with opening 20 bank accounts in the name of a sham company, The Mullings Group...

Thu May 23, 2024 16:09
HITRUST: the Path to Cyber Resilience

Much has been made of cyber resilience in recent years. And with good reason: failing to bounce back quickly from a security event can have dramatic financial consequences. In early 2023, Royal Mail took several days to recover from a Lockbit cyberattack, losing upwards of £10 million in the process. However, for all the talk about resilience, the industry...

Wed May 22, 2024 12:08
Top 7 Cybersecurity Trends for Enterprises in 2024

How can an organization prepare to be cyber-resilient in 2024? The major trends to look out for seem to focus mainly on AI. While the rise of generative AI indeed poses challenges, executives should be cautious not to miss other critical trends that will shape the cybersecurity landscape this year. AI-driven Social Engineering Since the advent of commercial...

Wed May 22, 2024 12:08
The UK’s Cybersecurity: Where Is it and Where Is it Going?

In early April this year, the UK's Department for Science, Innovation and Technology (DSIT) released its Cybersecurity Breaches Survey 2024. It provides a comprehensive overview of the UK's cybersecurity landscape, exploring the different cyberattacks and cybercrimes businesses, charities, and private sector educational instructions face, the impacts...

Tue May 21, 2024 12:05
The Interplay of AI and Cybersecurity: Survey Results

Artificial intelligence (AI) has a long and storied history. Ancient Greeks, for example, told stories of Talos, an enormous automaton that stood guard over Crete’s shores. In the 17th century, Gottfried Leibniz, Thomas Hobbes, and René Descartes explored the possibility that all rational thought could be as systematic as algebra or geometry. By the...

Tue May 21, 2024 12:05
Closing the Skills Gap for Women in Cybersecurity

Cybersecurity is more important than ever. With a skyrocketing number of cyber threats and data breaches, organizations are always on the lookout for ways to strengthen their online defenses. However, one major obstacle the cybersecurity sector faces is a lack of diversity and representation of women. According to Cybersecurity Ventures research, only...

Mon May 20, 2024 13:02

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