Cybercriminals Targeting High Value Individuals

Cybercriminals are increasingly targeting ultra-high net worth individuals and their family businesses. Lewis Henderson, vice president of threat intelligence at the UK-based Glasswall Solutions, says some attackers find it increasingly challenging to get into large corporations and are putting more of their efforts into attacking the super-rich and their estates and businesses.


"We've found that they are using similar tactics and techniques, such as using email and attachments and ransomware," Henderson says.


The conclusions drawn by Glasswall mirrors research conducted by UK-based Campden Wealth, which found that 28% of the UHNW families reported having been the victim of one or more cyberattacks. While UHNW families have an estimated net worth of at least $30 million, Campden Wealth recommends that those setting up single-family offices have wealth of $150 million or more.


Many of the families that open single-family offices have far in excess of $150 million, with their average net worth standing at $1.2 billion, according to the Campden Wealth/UBS Global Family Office Report.


Dr Rebecca Gooch, Campden Wealth's director of research, says phishing was the most common type of attack, followed by ransomware, malware infections, and social engineering. She says UHNW individuals are targeted in a variety of ways including via their operating businesses, family offices, or through the family members themselves.

more news

65000 GDPR Data Breaches In Europe To Date


European privacy authorities have received almost 65,000 data breach notifications since the EU's new privacy law went into full effect. In addition, regulators in 11 European countries have imposed $63 million in General Data Protection Regulation fines.

read more

More than half of British firms 'report cyberattacks in 2019'


The proportion of UK firms reporting a cyberattack has jumped, despite most businesses admitting they are under-prepared for breaches, according to research from Hiscox reported by the BBC. The insurer found 55 per cent had faced an attack in 2019, up from 40 per cent last year.

read more

Sloppy IT Processes Risk Cyberattacks - McAfee


McAfee this week published a report that turns familiar survey findings on their heads by reporting that most cybersecurity breaches are the result of lax IT processes rather than mistakes made by end users.

read more

Cybercrime Soaring Reports MalwareBytes


Cybercrime is accelerating at a worrying rate, reports MalwareBytes in its Q1 2019 report. Every quarter that goes by shows more alarming data as to how much cybercrime activity is going on out there, with organizations and companies being called to face and deal with an increasing amount of threats, coming literally from everywhere.

read more