Tag: Losses
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Operation Atlantic Seizes $12m in Crypto Losses
Law enforcement agencies in the UK, US and Canada have teamed up in an ambitious initiative which has already identified more than 20,000 …
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Coupang Data Breach Leads to Q4 Losses
Coupang reported Q4 losses on Thursday, Feb. 26, with revenue totaling below the estimates of …
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Data Broker Breaches Fueled Nearly $21 Billion in Identity-Theft Losses
A report copublished by WIRED sparked a probe into opt-out pages hidden by data brokers. Now congressional Democrats say breaches tied to …
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Impersonation Fraud Drives Record $17bn in Crypto Losses
Cryptocurrency-related fraud losses hit record highs last year, thanks in part to AI tooling and sophisticated Asian crime networks, …
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SMS Fraud Losses Set to Decline 11% in 2026
Improved operator security and a decline in overall messaging volumes will help to drive an 11% decrease in SMS fraud losses for consumers …
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Balancer DeFi Platform Hit by Major Exploit Resulting in $100M+ in Losses
The decentralised finance (DeFi) ecosystem was rocked by a significant exploit targeting Balancer, one of the leading DeFi platforms. The …
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Threat Actors Turn Job Offers into Scams, Causing Over $264 Million in Losses in 2024
In an era marked by a persistent cost-of-living crisis and economic uncertainty, many individuals are seeking side hustles or better-paying …
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Crypto Hack Losses in First Half of 2025 Exceed 2024 Total
Around $2.47bn in cryptocurrency has been stolen via scams, hacks and exploits in H1 2025, already exceeding the total amount lost during …
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Fewer Identity Theft Reports, Larger Losses: Here’s What to Make of Latest Research
Experts say criminals might just be using AI and other tech to get better at picking …
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Fraud Losses Hit $11m Per Company as Customer Abuse Soars
Online merchants lost an average of nearly $11m each to fraud last year, with the risk from first-party fraud growing significantly, …
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Third-Party Attacks Drive Major Financial Losses in 2024
Third-party attacks emerged as a significant driver of material financial losses from cyber incidents in 2024, according to cyber risk …
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Romance Baiting Losses Surge 40% Annually
Losses to romance baiting, or pig butchering, scams increased 40% year-on-year (YoY) in 2024 to comprise a third of total crypto fraud …
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