Cybercrime

EU Launches First European Public-Private Partnership on Cybersecurity, Plans $2B Investment

The European Commission has launched a new public-private partnership on cybersecurity expected to trigger €1.8 billion ($2B) of investment by 2020. more

Final Day to Give Input on “Future of the Internet” Survey

Today, June 26, is the final day that you can help the Internet Society with its "Future of the Internet" survey. It takes about 20-25 minutes and will help my colleagues at the Internet Society develop a number of scenarios about the possible future of the Internet. These scenarios can help all of us in talking to policy makers, leaders, media and the general user population about the choices we have before us for the future of the Internet. more

Brexit v. EU: Cybersecurity Stakes too Hight for UK to Take an Isolationist Approach

Michela Menting, Research Director at ABI Research sharing a cybersecurity perspective amidst Brexit aftermath: "It is likely that the UK will continue in a similar direction as the rest of the EU with regards to cybersecurity and cybercrime. However, there may be a dampening impact on the country with regards to the skills pool." more

NASCAR Team Pays Ransomware Fee to Recover Its Critical Files

NASCAR team Circle Sport-Leavine Family Racing (CSLFR) disclosed today a ransomware infection incident that took place in April and nearly caused losing access to critical files worth about $2 million. more

Corporate Email Phishing Scams Result in $3.1B Loss, Near 1300% Increase in 18 Months

Total number of Business Email Compromise (BEC) related crimes have reached epidemic levels, at nearly $3.1 billion in losses and involving 22,143 victims worldwide since January 2015, according to a new FBI report. more

Ethical Hacking: Turning The Tables to Boost Cyber Security

Hacking remains a huge problem for businesses. As noted by MarketWatch, more than 175 data breaches have already happened this year, and in 2015 approximately 105 million adults in the United States had their personal information stolen. For companies, the stakes are huge: Compromised systems not only damage the bottom line but can severely impact public opinion. more

Fed Records Indicate Over 50 Cybersecurity Breaches Since 2011, Some Flagged as “Espionage”

The cybersecurity reports, which represent only a slice of all cyber attacks on the Fed, were obtained by Reuters through a Freedom of Information Act request. more

Security Firm Recovers Over 272 Million Stolen Credentials from a Collector

The latest discovery came while researchers at a security firm found a young Russian hacker bragging in an online forum that he had collected and was ready to give away a far larger number of stolen credentials that ended up totalling 1.17 billion records, Reuters reports. more

Alliance for Safe Online Pharmacies to Recognize Contribution from Internet Industry

ASOP (Alliance for Safe Online Pharmacies) is often seen as taking a rather confrontational stance towards domain name registrars, registries and hosting providers. However both ASOP and others, including LegitScript, often cite the assistance they've received from internet industry players in their work. This year ASOP has decided to take this a step further... more

Cybersquatting & Banking: How Financial Services Industry Can Protect Itself Online (Webinar)

Businesses in the financial services sector are among the most frequent targets of cybersquatters. In this free webinar, I will be joining Craig Schwartz of fTLD Registry Services to provide important information about how domain name fraud is affecting the financial services industries, including banking and insurance, and what businesses and consumers can do to protect themselves online. more

Cybercriminals Continuing to Exploit Human Nature, Increasing Reliance on Ransomware, Study Finds

Cybercriminals are continuing to exploit human nature and relying on familiar attack patterns such as phishing, and increase their reliance on ransomware, where data is encrypted and a ransom is demanded, according to Verizon 2016 Data Breach Investigations Report released today. more

The Importance of IPRC in Asia Pacific

I believe and strongly support Internet Principle and Right Coalition (IPRC) Charter is an important edition of document supplementing the principles and rights of individual internet users in any developing and least developed country. Especially in Asia Pacific region where the need and use of such document is immense, as there is a gap in recognition and awareness of rights of internet users. more

Is the FCC Inviting the World’s Cyber Criminals into America’s Living Rooms?

In October 2012, the Chairman and Ranking Member of the House Intelligence Committee issued a joint statement warning American companies that were doing business with the large Chinese telecommunications companies Huawei and ZTE to "use another vendor." The bipartisan statement explains that the Intelligence Committee's Report, "highlights the interconnectivity of U.S. critical infrastructure systems and warns of the heightened threat of cyber espionage and predatory disruption or destruction of U.S. networks if telecommunications networks are built by companies with known ties to the Chinese state, a country known to aggressively steal valuable trade secrets and other sensitive data from American companies." more

The Growing Threat of Cybersquatting in the Banking and Finance Sector

The apparent cyber heist of of $81 million from the Bangladesh central bank's U.S. account may cause some people to question the security of online banking. While the online theft prompted SWIFT - a cooperative owned by 3,000 financial institutions around the world -- to make sure banks are following recommended security practices, the incident also could have ramifications for banking customers worldwide. more

Bangladesh Central Bank Governor Quits Amidst One of the Largest Cyber Heists

Bangladesh's central bank governor has resigned today amidst theft of $81 million from the bank's U.S. account, as details emerged in the Philippines that $30 million of the money was delivered in cash to a casino junket operator in Manila. more