AUSTRALIA - A South Australian woman narrowly avoided a complete financial disaster after falling victim to a sophisticated business email compromise (BEC) scam that led to the loss of over $800,000. Authorities have since managed to recover a significant portion of the stolen funds, shedding light on the growing threat of cyber fraud in real estate transactions. The victim, who had been in the process of purchasing a property, received what appeared to be a legitimate … [Read more...]
50 Million Potentially Compromised In PowerSchool Data Breach
SACRAMENTO, CA - On December 28, 2024, PowerSchool, a prominent provider of educational technology services to over 60 million K-12 students worldwide, identified a cybersecurity incident involving unauthorized access to its Student Information System (SIS) through the PowerSource customer support portal. The breach, which occurred between December 19 and December 24, 2024, allowed threat actors to exfiltrate sensitive data, including names, addresses, dates of birth, … [Read more...]