Cybercriminals are increasingly targeting specific sectors, with critical infrastructure and state institutions bearing the brunt of attacks. According to data from the European Repository of Cyber Incidents (ERCI), critical infrastructure tops the list of cybercriminal targets. State institutions and political systems follow closely, with over 450 reported incidents in 2023.
Healthcare Sector Under Siege
The healthcare sector is particularly vulnerable, accounting for 14.2% of all cyberattacks on critical infrastructure. These attacks include ransomware incidents, theft of confidential patient records, and disruptions to care services. The impact on healthcare organizations is severe, affecting both patient care and data security.
Financial Sector Also at Risk
Financial organizations are another significant target, making up 8.3% of attacks on critical infrastructure since the start of 2023. The telecommunications, transport, and energy sectors are also frequently targeted by cybercriminals, highlighting the widespread nature of the threat.
Apple Advances Encryption with Post-Quantum Security
In response to growing cybersecurity threats, Apple is pioneering advanced encryption technology with its latest iMessage update. Dubbed Post-Quantum 3 (PQ3), this system is designed to protect data against future quantum computers capable of breaking current encryption protocols. The PQ3 system operates alongside existing encryption methods, providing a double layer of security for iMessage content.
The World Economic Forum (WEF) has recognized both the opportunities and risks of quantum computing. In January 2024, the WEF published a Quantum Economy Blueprint, outlining ethical and security guidelines for building a successful quantum economy.
Cybersecurity News in Brief
- Data Breach at AT&T: The personal data of over 70 million AT&T customers has been leaked online. The company is offering free identity theft advice and credit monitoring services to those affected.
- International Cybersecurity Alliance: Japan, the Philippines, and the US have formed a new alliance to prevent cyberattacks. This partnership will involve sharing intelligence and expertise.
- Rescue from Fraud Schemes: The Indian government has rescued more than 250 citizens lured to Cambodia and forced into online fraud schemes. Both countries are cracking down on those responsible.
- ROKU Account Compromise: Streaming service ROKU has reported nearly 600,000 compromised accounts from two cyberattacks. Unauthorized subscriptions were taken out using around 400 hacked accounts.
- EU Cybersecurity Certification Delay: The European Union has delayed a vote on a new cybersecurity certification scheme due to disagreements over restrictions on big tech companies. The EU has yet to finalize terms for allowing these companies to operate as secure and trusted vendors.
Global Cybersecurity Challenges
Interpol has issued a warning about the global rise of AI-driven financial crimes, including pig-butchering scams that exploit vulnerabilities in human relationships and often involve cryptocurrencies.
Cybersecurity Skills Gap
A critical shortage of cybersecurity professionals is leaving systems vulnerable to attacks. The World Economic Forum has identified a skills gap of 4 million professionals needed to fill digital security roles. Efforts are underway with public and private partners to address this gap and enhance global cybersecurity.
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