Phishing attacks are a reality that all organisations have to deal with. For Google and Facebook, the losses totaled more than $100 million.Belgium’s Creland Bank handed over more than $75 million to cybercriminals. For attacks against larger companies, ransoms have been reported to be as high to $50,000, though a ransomware attack last year against a Los Angeles hospital system, Hollywood Presbyterian Medical Center (HPMC), allegedly demanded a ransom of $3.4 million. The first known ransomware attack was initiated in 1989, almost 30 years ago. As we slowly wrap up 2018 and prepare the canvass for 2019, we tend to reminisce on the year that we had. Listed in chronological order, here are some of the decade’s worst phishing attacks. 5. Nearly 100 people in the USA and Egypt were arrested for stealing $1.5 million through phishing scams. 1. The origins of these phishing attacks are causing more alarm in all business communities. A KPMG test on the cyber security of New Zealand businesses as part of Connect Smart Week has revealed one in ten Kiwis could fall for a phishing attack. With six months to go in 2017, it’s a safe bet that we’ll witness many more phishing, spear-phishing and email spoofing attacks across the world. That means over 4,000 new attacks go live every day. Verizon 2018 Data Breach Investigations Report Tales of dirty deeds and unscrupulous activities. Major news events create opportunities for our adversaries or cybercriminals to wreak havoc by playing with our emotions or targeting our natural curiosity. From that point onwards, we’ve gotten to see ransomware attacks take its toll on a … This takes too long and will have minimal impact. Phishing attacks are the easiest way for cybercriminals to infiltrate business systems. This same principle goes well with cybersecurity. Our choices include some DDoS attacks that are famous for their sheer scale while our others are because of their impact and consequences. A 33-year-old man was sentenced Monday to a dozen years behind bars for hacking into the Los Angeles Superior Court computer system and using it to send millions of malicious phishing … LinkedIn Phishing Attacks LinkedIn has been the focus of online scams and phishing attacks for a number of years now, primarily because of the wealth of data it offers on employees at corporations. Deceptive phishing attacks often imitate big brand companies such as PayPal, Netflix, Apple and Amazon, as there is a higher chance of more people falling for the scam. Spam and phishing in Q1 2018 Its success led to another campaign that tricked members of the committee into sharing their passwords. Some of the most famous advanced targeted attacks, such as the attack on RSA, on HBGary Federal, and Operation Aurora all used spear phishing. December 19, 2019 The sky-rise of droppers: phishing and malware attacks surface amid premiere of famous space saga Kaspersky researchers find over 30 fraudulent websites and social media profiles disguised as official movie accounts Phishing Attack on Qatar. Seven Famous Ransomware attacks from the past: As mentioned above, ransomware goes a long way back in time. The most targeted online industries by phishing attacks as of the 2nd quarter of 2020 Image source: Statista.com. Our data confirms that a new phishing site is created once every 15-20 seconds. One Instagram phishing scam involves sending users an email offering them a certified badge. Once the users click on the "Verify Account" button, they’re taken to a phishing page where their personal information will be harvested. And the Austrian aerospace parts maker FACC lost $61 million.What’s causing these types of massive losses? In the first quarter of 2017, businesses in Qatar were targeted with tens of thousands of phishing attacks in just a three-month period. Phishing is the fraudulent attempt to obtain sensitive information or data, such as usernames, passwords and credit card details, by disguising oneself as a trustworthy entity in an electronic communication. Phishing attacks continue to play a dominant role in the digital threat landscape. Operation Phish Phry (2009) Back in 2009, Operation Phish Phry was the biggest international phishing case that the FBI had ever witnessed. 1. The Top-Five Most Famous DDoS Attacks (for Now) To give you insight into what these attacks are like “in the wild,” we’re going to take a look at some of the most notable DDoS attacks to date. Phishing attacks result in significant losses and damages to businesses every year. In the meantime, here’s a look back at the top ten most notable, and damaging, phishing attacks of 1H 2017. Over the years, there have been several successful, high-profile phishing attacks. Phishing Virus Combo Scam: A 2004-made virus was able to combine the evils of phishing and malware together in one frightening package.This virtual contagion was able to transform hundreds of legitimate sites into hacker-controlled botnets that stole the credit card numbers, usernames, passwords, accounts, and other personal data of anyone who visited them, a la a spoofed phishing site. Sextortion Scam: What to Do If You Get the Latest Phishing Spam Demanding Bitcoin. Malware attacks are the most common types of cyberattacks. Phishing is without a doubt the number one threat affecting mobile devices today. Successful attacks are usually costly to mitigate. Nine Major Phishing Attacks of 2018 (and How to Spot Them) 5 of the Most Notable Phishing Attacks of 2018… So Far. Famous Phishing Attacks. Hospitals and health systems had to juggle various cyberattacks, with phishing schemes being one of the most common. “A Nation State or Cyber-Mercenary won’t hack e-voting machines one by one. Phishing attacks are a reality that all organisations have to deal with. Phishing in the wild. Looking back, 2018 was a busy year for online security experts. That’s because more and more of them appeared to be state-sponsored. Most of the time, influencers and “Insta-famous” users are targeted for this kind of attack. ZDNet takes a look over the most important data breaches, cyber-attacks, and malware strains of the last decade. How did a teenage boy cause one of the most devastating computer hacks of all time? A true arms race exists between criminals and security professionals. Of all the phishing scams out there, this one is most likely to result in loss of human life. A decade of hacking: The most notable cyber-security events of the 2010s. While most people can rattle off names like ‘Trojan’, ‘viruses’, … State-Sponsored Phishing Attacks. It’s also best to look back at our mistakes and learn from them. CryptoLocker. Phishing attacks start with a deceptive email designed to impersonate a reputable vendor, a well-known institution, or even a trusted co-worker or manager. Google even published a security blog last month warning businesses that use G-suite to be vigilant for hackers looking to steal their passwords. One of the most famous data breaches in recent history, the hacking of the Democratic National Committee, was done with the help of spear phishing. Qatar’s phishing attacks involved the hackers sending out malicious emails and SMS texts to businesses, designed to compromise valuable information and data. Phishing attacks are emails or malicious websites (among other channels) that solicit personal information from an individual or company by posing … Over 500 toolkits exist for phishing attacks, some of which even defraud the phisher of the ill-gotten information. This is precisely why organizations need effective cybersecurity protocols to protect sensitive data from unauthorized access. Users should always be wary of emails with a generic greeting, urgent and threatening language, spelling mistakes, a mismatched URL, or requests for personal information. Here are a few: In the United States, a phishing scam during the 2017 tax season compromised the credentials of over 120,000 employees at over 100 companies. When it comes to malware, ransomware is the new kid on the block. As the death toll from the coronavirus outbreak continues to rise, online scammers are using email phishing schemes in an attempt to profit on people's confusion and fear surrounding the virus. While spear phishing takes more time and effort than spam phishing, it greatly increases the probability of success due to the presence of personal information in the phishing message. The increased use of spear phishing is directly related to the fact that it works, as traditional security defenses simply do not stop these types of attacks. According to a Bloomberg report in 2016, for instance, malicious cyber attacks cost the US $109 billion. In its 2020 Data Breach Investigations Report (DBIR), for instance, Verizon Enterprise found that phishing was the second topmost threat action variety in security incidents and the topmost threat action variety in data breaches. The first attack sent emails containing malicious attachments to more than 1,000 email addresses. 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