Cybercriminals from around the world are actively discussing how to compromise connected devices, and how to leverage these devices for moneymaking schemes, according to Trend Micro.In its latest report entitled “The Internet of Things in the Criminal Underground”, the company showed details of the fast-growing market for IoT attacks. Trend Micro Research analysed forums in … Read more
Global insured losses from natural catastrophes are on trend to hit USD 145 billion in 2025, continuing a steady 5%–7% annual growth trend seen in recent years, according to reinsurance giant Swiss Re.In their latest sigma report, Swiss Re noted that insured losses totaled USD 137 billion in 2024, with the increase largely driven by … Read more
Cybersecurity firm Trend Micro revealed that it had created a honeypot imitating an industrial factory to determine threats facing unsecured OT (operational technology) environments. The six-month investigation showed that they attracted fraud and financially motivated exploits, primarily falling victims to common threats. The honeypot was compromised for cryptocurrency mining, targeted by two separate ransomware attacks, … Read more
By Lewis Nibbelin, Contributing Writer, Triple-I U.S. property claims volume rose 36 percent in 2024, propelled by a 113 percent increase in catastrophe claims, according to a recent Verisk Analytics report. While evolving climate risks fueled claim frequency, uncertain inflation trends and unchecked legal system abuse will likely further strain insurer costs and time to … Read more
Trend Micro last week released its latest research that warned of a major new wave of attacks attempting to compromise home routers for use in IoT botnets. With the dawn of the internet of things (IoT), botnet developers have found a new domain to conquer, but there they must compete with one another to grow … Read more