Cybercrime

GDPR Fine Enough or More Disclosure?

The UK cares about its citizens' privacy to the tune of a $229 million (US) fine of British Airways for a breach that disclosed information of approximately half a million customers. It's exciting -- a significant fine for a significant loss of data. I think GDPR will lead to improved security of information systems as companies scramble to avoid onerous fines and start to demand more from those who provide information security services and products. more

Florida Cities Are Paying Hundreds of Thousands of Dollars in Ransom to Get Their Data Back

Lake City became the second Florida city to pay a substantial ransomware demand to hackers in less than a week. more

WHOIS Database Download: Proactive Defense Against the Rising Tide of BEC Fraud

How many times have you heard that humans are the weakest link in cybersecurity? The headlines have proven that over and over again. In particular, business email compromise or BEC (also known as email account compromise or EAC) scams, which typically target an employee with access to the financial resources of his company -- this could be a C-level executive or any high-ranking officer -- for fraud are still on a constant uphill trend. more

Baltimore Gets Hacked: Main Computer Systems Crippled, Experts Estimate Months to Recover

On May 7, hackers breached parts of the computer systems that run Baltimore's government, taking down essential systems such as voice mail, email, a parking fines database, payment systems used for water bills, property taxes, real estate transactions and vehicle citations. more

Greater Caribbean Cooperation Needed to Combat Cyber Crimes

The Caribbean is under virtual siege as incidents of cyber attacks and cyber crimes surge across the region. "The sophisticated use of technology by highly incentivised criminal organisations has created unprecedented opportunities for transnational crime elements that no one region, country or entity can fight on its own. More inter-regional cooperation and collaboration are needed to develop and implement smart and integrated approaches to fight new and emerging cyber threats." more

Hackers in Possession of Over 312K Files, 516GB Financial Data of Some of World’s Largest Companies

A report broke today revealing hackers have successfully breached a German internet infrastructure firm that provides services to several large companies, including Ericsson, Leica, Toshiba, UniCredit, British Telecom, Hugo Boss, NH Hotel Group, Oracle, Airbus, Porsche, and Volkswagen. more

Domain Related Crime: The 4 Steps of Effective Investigations

There is no rest for the wicked. If you think that 2018 was the climax of cybercrime, wait until you see what happens in the next few years as cybercriminals are constantly learning new ways to strike. Take for instance domain-related attacks now coming in a variety of forms. There's domain hijacking which involves gaining of access to domains and making changes without owners' permission. You have typosquatting where phishing is often utilized to steal valuable information. more

A Case for Regulating Social Media Platforms

There are some who see the regulation of social media platforms as an attack on the open internet and free speech and argue that the way to protect that is to let those platforms continue to self-regulate. While it is true that the open internet is the product of the same freedom to innovate that the platforms have sprung from, it is equally the product of the cooperative, multi-stakeholder organisations where common policy and norms are agreed. more

Hacker Has Released Close to a Billion User Records Over the Past Two Months, Reports ZDNet

A hacker by the name of Gnosticplayers has claimed responsibility for the hacking of 44 companies resulting in over a billion user data. Hacker also gotten dangerously close to releasing the records, ZDNet reports. more

FBI, Department of Homeland Security Issue Warning About a North Korean Trojan Malware Variant

The US Department of Homeland Security (DHS) and the Federal Bureau of Investigation (FBI) this week issued a malware analysis report on Trojan malware variants linked to the North Korean government. more

Investigating Domain Name Crime: Challenges and Essential Techniques

Who would think that so much could go wrong with something as seemingly innocent as a domain name? As cybercrime continues to evolve, causing devastating reputational and financial losses to businesses and organizations, web addresses are used as a weapon -- and it's not always easy to notice their many faces. In this article, let's take a look at the domain name crime landscape, discuss the current challenges investigators and legitimate registrants face, and talk about some useful techniques. more

Russia Is Studying China’s Legislative Experience in Fighting Internet Corruption, Cyber-Terrorism

Russian State Duma deputy, chairman of the Committee on Security and Corruption Control Vasily Piskarev told Russian reporters on Tuesday that Russia is studying China's legislative experience in dealing with corruption, cyber-terrorism and cross-border crime on the Internet. more

Building a Secure Global Network

Recently, the DNS has come under an extensive attack. The so-called "DNSpionage" campaigns have brought to light the myriad methods used to infiltrate networks. These attacks employed phishing, system hopping via key exfiltration, and software zero day exploits, illustrating that many secure networks may not be fully protected. more

Cryptominers Infected 10x More Organizations Than Ransomware in 2018

A new security report reveals cryptominers infected ten times more organizations than ransomware in 2018, but only one in five IT security professionals were aware their company's networks had been infected by mining malware. more

Volunteer-Based Project Succeeds in Taking Down 100,000 Malware Distribution Sites Within 10 Months

In March of 2018, abuse.ch, a non-profit cybersecurity organization in Switzerland, launched a project called URLhaus to collect and share URLs identified to be distributing malware. more