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Cybercrime costs organizations an incredible $1.79m every minute, according to RiskIQ’s 2021 Evil Internet Minute Report.  The study, which analyzed the volume of malicious activity on the internet, laid bare the scale and damage of cyber-attacks in the past year, finding that 648 cyber-threats occurred every minute.

The researchers calculated that the average cost of a breach is $7.2 per minute, while the overall predicted cybersecurity spend is $280,060 every minute.

The report also looked at the impact of different forms of cybercrime. It showed that per minute, there was $3615 lost to cryptocurrency scams, 525,600 records compromised and six organizations victimized by ransomware.

A new report reveals that in 2022, 47.4% of all internet traffic came from bots, a 5.1% increase over the previous year. The same report showed that human traffic, at 52.6%, decreased to its lowest level in eight years.

This week, Imperva released its 10^th annual Bad Bot Report, a global analysis of automated bot traffic across the internet. The annual report provides security and business leaders with information about the evolution of bot technology and automated traffic. This year’s report also documents milestones in the evolution of bad bot technology.  For the fourth consecutive year, the volume of bad bot traffic — malicious automated software applications capable of high-speed abuse, misuse and attacks — grew to 30.2%, a 2.5% increase over 2021.

Toyota Motor on Tuesday halted operations at all of its plants in Japan after a major supplier was hit by a cyberattack, disrupting the automaker's parts supply management system.  The company is suspending 28 lines at 14 plants. Subsidiaries Hino Motors and Daihatsu Motor will also halt operations at some plants in Japan on Tuesday.

The cyberattack hit Kojima Industries, which supplies plastic parts to Toyota. Kojima announced on Tuesday morning that it has received a message demanding ransom and that it has confirmed the existence of a virus.

To no great surprise critical infrastructure heads the list with political systems and corporates following closely.

The Cold War was fought on the ground, and conflict between parties backed by the United States, China or Russia may be a thing of the past, but time for action The war in the Group is far from over. Many war zones are now digitised, and state-sponsored or organised groups are waging cyber warfare against targets in multiple locations.