Tag Archives: Cybercrime

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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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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UK cybercrime epidemic – police baffled

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Cyber fraud is now so prevalent in Britain, and across the world’s richest countries, that traditional street robberies and bank heists are almost a thing of the past. Furthermore, almost all cybercriminals go unpunished. At present, due to a lack of resources, Britain’s anti-fraud police are unable to cope. There… Read more »

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US gets tough on Russian cybercrooks

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Wherever you look at present, it seems there are Russians up to some sort of monkey business. Hot on the heels of the punitive measures doled out by Britain following the Salisbury nerve agent incident, nineteen Russian ‘spies’ have had US sanctions slapped on them for alleged meddling in the… Read more »

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Asia is ransomware central

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Microsoft’s latest biannual Security Intelligence Report reveals that ransomware is now the most profitable form of cybercrime, and that Asia is the part of the world that suffers the most ransomware attacks. The top three victims were Myanmar, Bangladesh and Venezuela; with Japan, Finland and USA amongst the least affected…. Read more »

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Games company zapped by data breach

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The US division of a Japanese video game developer and publisher has been hit by a major data breach. Customers of NIS America had their personal and financial details compromised in the early part of 2018. Between January 23rd and February 26th, hackers gained access to the addresses and payment… Read more »

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Small Town, USA takes cyber hit

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You don’t have to be a big fish to attract the attentions of a predatory cybercriminal. Yarrow Point is a small village in Washington State with a population of little more than 1,000.  Despite this, it has suffered a succession of hacks that left its mayor with a red face… Read more »

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A thumbnail guide to fighting cybercrime

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While the growth of the information technology sector has given a major boost to the world economy, the corresponding increase in cybercrime is providing a negative counterweight. No organisation can now afford to underinvest in cybersecurity; as the costs associated with losing valuable data, sensitive information, disruption to products and… Read more »

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US Government launches cybersecurity proposals

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Faced with an increasing threat from cybercrime, the US Government has published a draft report proposing that cybersecurity education should become a core part of the engineering degree curriculum. Another of its recommendations is that more must be done to alert the population as a whole to the potential dangers… Read more »

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Russian hackers try to rig British votes

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Widely believed to have meddled in the US Presidential election, it now seems likely that Russian actors interfered with the Brexit vote and this year’s snap General Election in June as well. According to the head of National Cyber Security Centre (the subdivision of GCHQ launched in October 2016 to… Read more »

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