Cybercrime

By 2021 Cost of Cybercrime to Top Annual Natural Disasters and Global Drug Trade Costs, Says Report

By 2021, it is estimated that cybercrime will cost the global economy more than $6 trillion in damages, exceeding annual costs for natural disasters and the global drug trade. more

Proactive Cybersecurity: What Small Businesses Can Actually Do

In the business world, there are two main paths a company can take with cybersecurity -- the reactive and the proactive approach. The problem with a purely reactive attitude is that it can easily put companies in constant firefighting mode. And for small companies with limited resources, this can turn out to be an increasingly uncomfortable place to be in.
With that in mind, experts today suggest proactive cybersecurity by monitoring suspicious activity and identifying risks before they turn into full-blown attacks. more

Close to 200K Phishing Domains Discovered in a 5-Month Span, 66% Targetted Consumers, Akamai Reports

Between December 2, 2018 and May 4, 2019, 197,524 phishing domains were discovered, 66% of which directly targeted consumers according to the latest State of the Internet report by Akamai. more

A Seattle Woman Charged With Capital One Data Theft Affecting 106 Million People

Major US bank Capital One Financial Corporation confirmed Monday evening that unauthorized access was made by an outside individual who obtained "certain types of personal information" on credit card products and Capital One credit card customers. more

A 60% Rise Reported on Malware Designed to Harvest Consumers’ Digital Data, aka Password Stealers

A significant rise has been detected in the use of malware aimed at harvesting consumer data, known as password stealers. more

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