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Cybercrime

Kimberly Redmond | Equities.com |

The economic fallout from a significant cyberattack in the US could be worse than the damages caused by a major natural disaster, according to a newly-released study.

Published Monday by the Foundation for Defense of Democracies (FDD) and insurance technology firm Intangic, the report found that the indirect effects of a breach, which include damage to a company’s reputation and its ability to attract investors and creditors, are more costly in the long term than the effects of property damage from extreme weather events.


Kimberly Redmond | Equities.com |

After this past weekend’s ransomware attack temporarily halted operations at JBS SA (OTC: JBSAY), the US Department of Agriculture (USDA) said it is unlikely that the pause will cause major disruptions to the industry.

The USDA told The Hill on Thursday that its daily production data shows “a strong rebound in cattle and hog slaughter” and that overall “the market is moving toward normalization.”


Kimberly Redmond | Equities.com |

Complaints regarding online scams and investment fraud have reached record-breaking levels, according to the Federal Bureau of Investigation (FBI).

The FBI’s Internet Crime Complaint Center (IC3) has logged one million complaints in the last 14 months, bringing the total number of crimes reported to six million.


Reuters | Equities.com |

Colonial Pipeline ramped up deliveries to fuel-starved markets up and down the East Coast on Friday following a nearly week-long outage caused by hackers, as Washington sought to reassure motorists that supplies would return to normal soon.

The strike on the nation's largest fuel pipeline was most disruptive cyberattack on record, triggering days of widespread panic buying that led filling stations across the U.S. Southeast to run out of gasoline, and pushing pump prices to their highest in years.


Kimberly Redmond | Equities.com |

Microsoft Corporation (Nasdaq: MSFT) and DHL International are among the 10 most imitated brands in phishing attacks during the first quarter of 2021, according to new data compiled by Check Point Software Technologies Ltd (Nasdaq: CHKP).

In its “Q1 Brand Phishing Report” released Thursday, Check Point said Microsoft remained by far the most frequently targeted brand, as it was in the last quarter of 2020, with 39% of all phishing attempts relating to the software giant in some way.