SOURCE: My camera samsung wb500 cannot
Cross your fingers and hope it is just the cable. The flashing light shows it made a momentary connection. The connectors get loose from use and abuse. They are not expensive to replace. If you can find a store or camera shop or have a friend with the same cable they should have one you can use to test. You don't need to transfer anything just plug it in and see if it connects normally. If it does then buy a new cable. If it doesn't then the problem can be the connection inside the camera or the usb interface inside the camera. Unfortunately those are not going to be a cheap repair. You would spend as much as a new camera. So unless you have warranty left it comes out of your pocket. A new replacement camera will usually be as cheap or cheaper than the repair cost.
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