Subj : Fintech and ecommerce companies were the most popular cybercrime To : All From : TechnologyDaily Date : Wed Mar 06 2024 14:00:06 Fintech and ecommerce companies were the most popular cybercrime targets last year Date: Wed, 06 Mar 2024 12:44:59 +0000 Description: Majority of attacks were against firms in these two industries, and mostly in the US and China. FULL STORY ====================================================================== 2023 saw an unprecedented surge in cyberattacks, which grew both in number and intensity, a report from Qrator Labs has claimed. The company suggests the surge is, in part, due to the expansion of communication channels and the rise of new protocols that improved the efficiency of remote working. The report found the fintech and ecommerce sectors were the two most targeted industries of all, making up more than half of all attacks registered last year. Fintech took up more than a third (36.88%) of the share, and ecommerce a quarter (24.95%). Other industries worth mentioning are education tech - 9.86%, online gaming and IT - 7.34%, and telecommunications - 6.01%. Long-lasting commercial attacks For Victor Zyamzin, global head of business development at Qrator Labs, the findings are a clear signal businesses need to improve their cybersecurity posture. These findings underscore the critical need for enhanced cybersecurity measures across various industries, as malicious actors continue to exploit vulnerabilities in digital infrastructure with alarming frequency, Zyamzin said. The longest recorded attack was against an airport, lasting three days. An unnamed bank suffered the second-longest attack, which went on for 42 hours. Most attacks were commercial and, as the researchers said, ordered. Interestingly, attackers are now using local traffic sources more often to bypass geo-blocking and get closer to their victims regions Zyamzin added. The majority of attacks happened in the United States (11.76%) and China (5%), followed by Singapore, Germany, Indonesia, Brazil, and India. Phishing, business email compromise (BEC), and ransomware, remain the biggest threats to organizations around the world. Last year, ransomware hit an unfortunate milestone, surpassing $1.1 billion in ransom payments made, analysts Chainalysis reported in early February this year. More from TechRadar Pro Ransomware payments hit an unfortunate milestone in 2023 over $1.1billion paid out as hackers rake in rewards Here's a list of the best firewalls around today These are the best endpoint security tools right now ====================================================================== Link to news story: https://www.techradar.com/pro/security/fintech-and-ecommerce-companies-were-th e-most-popular-cybercrime-targets-last-year --- Mystic BBS v1.12 A47 (Linux/64) * Origin: tqwNet Technology News (1337:1/100) .