Cybercrime

Cybercrime / News Briefs

What Trump and Clinton Said About Cybersecurity in the First US Presidential Debate

The Internet and tech got very little mention last night during the first of three presidential debatest. The only notable exception was cybersecurity where moderator Lester Holt asked: "Our institutions are under cyber attack, and our secrets are being stolen. So my question is, who's behind it? And how do we fight it?" The following are the responses provided to the question by the two candidates. more»

Yahoo to Confirm Massive Data Breach, Several Hundred Million Users Exposed

"Yahoo is expected to confirm a massive data breach, impacting hundreds of millions of users," reports Kara Swisher today in Recode. more»

New York’s Department of Financial Services Issues Cybersecurity Proposal

New York state is proposing new rules requiring banks and insurance companies to establish cybersecurity programs and designate an internal cybersecurity officer. more»

China Taking Steps to Show it is Responsive to Foreign Concerns on Cybersecurity

"China Sets New Tone in Drafting Cybersecurity Rules," By Eva Dou in Beijing and Rachael King in San Francisco reporting in the Wall Street Journal. more»

Nigerian Scammer, Ringleader of International Criminal Network Arrested

The 40-year-old Nigerian national, ringleader of a global network believed to be behind scams totalling more than USD $60 million has been arrested in a joint operation by INTERPOL and the Nigerian Economic and Financial Crime Commission (EFCC). more»

German Police Force Shifts More Focus to Darknet After Mass Shooting

"German police will do more to fight crime committed on the dark net'," was the announcement days after mass shooting by a gunman with weapon bought from the darknet. "We see that the darknet is a growing trading place and therefore we need to prioritize our investigations here," said Holger Muench, head of Germany's Federal Police (BKA). more»

Feds Shut Down Largest File-Sharing Site KickassTorrents - Founder Arrested, Domains Seized

"U.S. Authorities Charge Owner of Most-Visited Illegal File-Sharing Website with Copyright Infringement" – statement issued by United States Department of Justice on Thursday: "U.S. authorities have charged the alleged owner of today's most visited illegal file-sharing website with criminal copyright infringement and have seized domain names associated with the website." more»

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»

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»

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»

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»

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»