Banks go to war on cybercrime

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With cyberspace the new global battlefield, the finance sector is finding itself in the firing line; and it’s having to draft in appropriate personnel to fight back – many of them former soldiers, spies or counter-intelligence agents. With cybercrime losses now amounting to $445 billion per annum, the need for… Read more »

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Can businesses afford to ignore cyber insurance?

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As the threat of cybercrime grows in quantity and scale, so too does the need for insurance cover. CFC, which recently came out top in the Insurance Times Cyber Product Report, is a pioneer in cyber insurance. The London-based specialist lines insurance provider has witnessed a dramatic rise in the… Read more »

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Killer malware may be linked to Russian government

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Tech colossus Cisco has revealed that an unpleasant strain of malware has infected half a million consumer and small business routers across the globe. The VPNFilter malware, which is rumoured to be Russian state-sponsored, can resist rebooting, attack other machines, harvest communications and even has the capacity to kill an… Read more »

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US service company hit by data breach

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The Delaware-based Corporation Service Company, which supplies leading companies, banks and law firms with business services, has suffered a hack – resulting in over 5000 Californians losing personal information and payment data. The incursion took place in November 2017, when CSC detected that an intruder had penetrated its system and… Read more »

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Is crypto-jacking the new ransomware?

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Cybercrime now generates a staggering $1.5 trillion per annum – roughly on a par with Britain’s national debt. One of the reasons behind its growth is the advent of crypto-jacking, which utilises hacking techniques to steal crypto-currencies and has now toppled ransomware as the most lucrative and popular form of… Read more »

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University fined over student data breach

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The Information Commissioner’s Office has slapped a £120,000 fine on Greenwich University in South London for failing to protect the personal information of nearly 20,000 students. As well as names, addresses, birth dates, signatures and phone numbers, distressingly the data also included physical and mental health issues. As part of… Read more »

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Look out for the Big One

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Like a giant tsunami or earthquake, IT security pundits are predicting that the world will be hit by a cataclysmic infrastructure cyberattack within the next five years – according to the findings of a report by IoT security specialist Pwnie Express. Pwnie’s 2018 ‘Internet of Evil Things’ survey amongst nearly… Read more »

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US laws toughened on data breaches

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In an attempt to stem the current flow of data breaches, several US states are introducing new legislation to tighten up data protection. Prompted perhaps by the introduction of GDPR in Europe, state legislators in Delaware, Oregon, South Dakota and Alabama have all unveiled new data privacy laws. Canada is… Read more »

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Russians may have reaped Facebook users’ data

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As in any good espionage story, the plot of the Cambridge Analytica/Facebook data mining scandal becomes thicker by the minute. It now seems possible that the details of the 87 million Facebook users harvested by the now-defunct British political consultancy could now be in the hands of the Russians. Testifying… Read more »

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Memory sticks chopped at IBM

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IBM’s security chief has placed a ban on staff using USB sticks and other memory devices, as she considers them to be a security risk. The fear is that they are vulnerable to hacking, malware, loss or misuse. While some external observers consider this to be a prudent safety measure,… Read more »

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