Former RCMP dog handler baffled by missing Sullivan kids case
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National Post
a minute ago
- National Post
KnowBe4 Report Reveals Global Financial Sector Faces Unprecedented Cyber Threat Surge
Article content Research shows financial institutions experience up to 300 times more cyberattacks than other sectors, with large banks reporting 45% of employees susceptible to phishing attacks Article content TAMPA BAY, Fla. — KnowBe4, the world-renowned cybersecurity platform that comprehensively addresses human risk management, has released its latest research paper ' Financial Sector Threats Report,' uncovering critical insights into the escalating cybersecurity crisis facing the global financial sector. The report shows that financial institutions face a perfect storm of AI-enhanced attacks, credential theft and supply chain vulnerabilities that pose systemic risks to the global financial industry. Article content The research reveals almost all (97%) of major U.S. banks experienced third-party breaches in 2024, while targeted intrusions against financial institutions increased by 109% year-over-year. Most concerning, tests in large financial institutions found that nearly 45% of employees were likely to click on a malicious link or download an infected file, creating entry points for threat actors. The report highlights how threat actors are leveraging AI tools like FraudGPT and ElevenLabs to create more convincing phishing campaigns, while simultaneously moving away from traditional ransomware encryption toward data exfiltration and multi-stage extortion schemes. This evolution allows attackers to use legitimate credentials, making detection significantly more challenging. According to Federal Reserve Bank of New York Staff Reports, even a single day's disruption in payments by major banks could affect 38% of network banks globally. Article content Key findings from the report: Article content Financial service firms globally experience up to 300 times more cyberattacks annually than other industries, with a 25% year-on-year increase in intrusion events for 2024. 97% of the largest U.S. banks suffered third-party breaches in 2024, while 100% of Europe's top financial firms suffered supplier breaches, highlighting vulnerabilities in vendor ecosystems. Analysis of over three million dark web posts shows stolen credentials far outpace credit card theft; infostealer infection attempts increased 58% in 2024 and 68% of attacks originating from email. The U.S. accounts for 60% of all ransomware attacks against financial institutions, with the U.S. and U.K. together representing over 70% of attacks, with increasing activity targeting emerging markets in South Asia and Latin America. Large financial institutions show 44.7% Phish-prone™ Percentage (PPP) rates initially, but comprehensive security awareness training reduces phishing susceptibility to below 5%. Article content 'Adversaries are gaining an advantage against the financial sector,' said James McQuiggan, security awareness advocate at KnowBe4. 'Traditional defenses are no longer sufficient and threat actors discovered stealing valid credentials is more effective than ransomware because it allows them to move undetected. The battle comes down to the human level. Financial institutions must prioritize human risk management to close this critical security gap.' Article content Download the full KnowBe4 report 'Financial Sector Threats: The Shifting Landscape' here. Article content About KnowBe4 Article content KnowBe4 empowers workforces to make smarter security decisions every day. Trusted by over 70,000 organizations worldwide, KnowBe4 helps to strengthen security culture and manage human risk. KnowBe4 offers a comprehensive AI-driven 'best-of-suite' platform for Human Risk Management, creating an adaptive defense layer that fortifies user behavior against the latest cybersecurity threats. The HRM+ platform includes modules for awareness & compliance training, cloud email security, real-time coaching, crowdsourced anti-phishing, AI Defense Agents, and more. As the only global security platform of its kind, KnowBe4 utilizes personalized and relevant cybersecurity protection content, tools and techniques to mobilize workforces to transform from the largest attack surface to an organization's biggest asset. More info at Article content Article content Article content Article content Article content Contacts Article content
National Post
a minute ago
- National Post
49ers' Demarcus Robinson faces three-game suspension for DUI violation: Coach
SANTA CLARA, Calif. — San Francisco 49ers coach Kyle Shanahan said receiver Demarcus Robinson is facing a three-game suspension to start the season for violating the league's substance abuse policy. Article content Shanahan said Wednesday on the team's flagship radio station KNBR that Robinson has been suspended pending an appeal after he pleaded no contest last month to a misdemeanor DUI charge. San Francisco opens the season with games at Seattle and New Orleans followed by a home game against Arizona. Article content Article content The NFL declined to comment on the suspension. Robinson said last week that he was 'anxious' waiting to hear the final verdict from the NFL. Article content 'Just waiting on the outcome to see what happens with that,' Robinson said. 'I really don't know the timeframe. Waiting to hear from them, obviously. It's all up to whatever the league says.' Article content The 49ers are counting on Robinson this season to bolster their receiver group that has been depleted following a trade of Deebo Samuel in the offseason and a knee injury that will sideline Brandon Aiyuk for at least the first month of the season. Article content The 30-year-old Robinson had 31 catches for 505 yards and seven touchdowns last season for the Los Angeles Rams. Article content The Niners have been dealing with several injuries at receiver with Jauan Jennings out for most of training camp with a calf injury, rookie Jordan Watkins out with a high ankle sprain and Jacob Cowing nursing a hamstring injury. Article content
CTV News
an hour ago
- CTV News
Video captures moments before Texas teen hit by SUV while using crosswalk near school
Watch Neighbours are sounding the alarm about the safety of a crosswalk near a Texas school after a 15-year-old boy was hit by a driver while crossing.
