Equifax Reports Rising Fraud In Canada: Cyber Security Today for Friday, March 7, 2025

Cybersecurity Today: Rising Fraud in Canada and Major Cyber Crime Crackdowns

Welcome to another episode of Cybersecurity Today with your host, Jim Love. As fraud prevention month begins, we delve into the rising fraud rates in Canada, with new data from Equifax revealing Canadians' growing concerns about data protection, particularly among seniors and Quebec residents. We also cover the significant international law enforcement actions that dismantled the 8Base ransomware group and Garantex, a Russian cryptocurrency exchange linked to cybercriminal activities. Additionally, we discuss the emergence of a new botnet orchestrating record-breaking DDoS attacks, highlighting the persistent vulnerabilities in IoT devices. Don't miss our deeper analysis and the latest updates in cybersecurity.

00:00 Introduction to Fraud Prevention Month 00:23 Rising Fraud Concerns in Canada 02:24 Law Enforcement Actions Against Cyber Crime 04:34 Emergence of a New Botnet 06:46 Conclusion and Upcoming Shows