Why the web has become the new ‘scene of the crime’

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THEY say that when your luck is out, bad things come in threes. I’ll explain this ‘Rule of Three’ in a second. A revolution is currently taking place in the world of financial planning, and the number of ways to lose our money is increasing. In this day and age,…


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Be ready for the next global cyberattack

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On 12 May, more than 150 countries were attacked by ransomware with over 200,000 computers infected. Ransomware is a type of malicious software (malware) that encrypts a computer’s data until a ransom is paid. In this case, $300 worth of the cryptocurrency bitcoin was demanded for infected computers. While the…


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Trump Is Ignoring America’s Looming Cybersecurity Threat

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The “ransomware” attack that crippled computer systems around the globe last week shows once again just how vulnerable the world’s computer systems are to criminals and hackers. The so-called “WannaCry” virus — which threatened to delete a victim’s files absent a $300 ransom — exploited a weakness in the Windows…


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Hackers Make Off With Panic’s Source Code

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Criminals have hacked into one of the computers belonging to iOS and Mac app developer Panic and have stolen a copy of the source code to a number of apps, according to blog post written by Panic’s founder Steven Frank. The theft was confirmed when one of the hackers contacted…


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Cyber security standards not doing enough

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Cyber security standards are not doing enough to protect organisations from cyber crime. That was the word from Manuel Corregedor, chief operations officer at Telspace Systems, speaking during the ITWeb Security Summit 2017 today. Corregedor, who joined information Telspace last month, says although organisations are implementing standards such as ISO/IEC…


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Microsoft says ransomware hack a ‘wake-up call’ for world governments

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Global governments should treat a massive international cyber attack that struck last week as a wake-up call and should feel a “renewed determination for more urgent collective action,” the chief legal officer of Microsoft has said. Writing in a blog post, Brad Smith said that the multinational technology company had…


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Hackers release second stolen cyber weapon to criminals

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Hackers have reportedly adapted a second cyber weapon stolen from US spies and released it on the internet to be picked up by criminals. The new hacking tool also exploits weaknesses in older versions of Microsoft Windows software and was stolen from the US National Security Agency, like the stolen…


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Don’t pay WannaCry demands, cybersecurity experts say

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Cybersecurity experts have warned businesses against meeting hackers’ demands for money in the wake of the “unprecedented” attack on hundreds of thousands of computer systems around the world. Ransomware is a type of malicious software that blocks access to a computer or its data and demands money to release it….


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Action to ‘enhance security’ following cyber-attack

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Action to increase cyber security is to be stepped up in Scotland following the ransomware attack on NHS computers. Justice Secretary Michael Matheson said more than 120 public bodies were being contacted to ensure their defences were adequate. He said NHS systems in Scotland were expected to be recovered by…


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China Hit Hard by Hacking Attack as Asia Assesses Damage

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Asia began to grapple on Monday with its share of the ransomware attacks taking aim at computers across the globe, with China reporting disruptions at tens of thousands of institutions. China at first seemed to have escaped the brunt of the breaches, but new cases kept emerging over the weekend….


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Manhunt for hackers behind global cyberattack

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International investigators are hunting for those behind an unprecedented cyber-attack that affected systems in dozens of countries, including at banks, hospitals and government agencies, as security experts sought to contain the fallout. The assault, which began Friday and was being described as the biggest-ever cyber ransom attack, struck state agencies…


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The Cyber Attack We’ve Dreaded Could Be Coming Soon

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The hacker group known as Shadow Brokers publicly released a set of tools on the social network platform Medium in April. Called EternalBlue and EternalRomance, the tools allow hackers backdoor access for remote control of infected computers. While the market hasn’t reacted to the news of the release, Sean Dillon…


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Cyber Crime Fears Drive Up Demand for Anti-Hacker Insurance

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For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, it’s free marketing for what could be a $10 billion opportunity. High-profile computer breaches like the hack of the Democratic National…


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Phishing for Influence: When Hackers Meddle in Politics

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Every computer, whether used for personal or business reasons is susceptible to attacks from cyber-criminals. Political, personal and financial fraud are the three main reasons for these attacks. In the recent weeks, the French election has been the latest to enter political hack news, joining the United States, Germany and…


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PROTECTING SATELLITES AND SPACE SITES FROM CYBER HACKERS

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In an interview with the Geneva Centre for Security Policy (GCSP), Ambassador François Rivasseau of the European External Action Services’ Special Envoy for Space in Brussels, Belgium discusses methods for protecting satellites and space assets from bolstering the sophistication of cyber hackers. Ambassador Rivasseau, a guest speaker during a recent…


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A 5-Part Cybersecurity Strategy From the FBI’s James Comey; AHA’s Rick Pollack on the AHCA

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It’s no secret that pretty much every health care institution on record opposes the current iteration of the American Health Care Act. This, of course, includes the American Hospital Association, for reasons its President and CEO Rick Pollack made apparent during the aptly timed American Hospital Association’s Annual Membership Meeting…


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Hack Attack: Understanding the anatomy of cyber crime

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How do hackers hack? How do they gain access to a network? ANVEE ALDERTON, channel manager at Trend Micro Southern Africa, helps us understand cyber-attacks. Our idea of hackers is that of sinister individuals, all working alone, hunkered over computers in a darkened room. This is actually a far cry…


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SMBs continue to be a target of cybercriminals

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Because they don’t see themselves as targets, small-to-midsize businesses (SMB) have for a long time believed that their security programs are good enough. They have a firewall, antivirus, maybe they even use two-factor authentication. The mistake is believing that this is enough because they have nothing of value to an…


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Millions of smartphones and tablets wide open to hacks

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Think about everything you do with your smartphone. It’s not just a gadget for talking to your friends who live hundreds of miles away anymore. Nowadays, we also use these handy devices for critical tasks like financial transactions and storing important documents. Imagine if cybercriminals were able to get their…


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Cybercriminals have taken notice of leaked government spying techniques

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The U.S. government’s spy tools are being revealed. Wikileaks continues to publish alleged CIA hacking techniques for smart devices, including smart TVs and smartphones. And recently a treasure trove of alleged hacking tools used by the NSA were leaked by hacking group, Shadow Brokers. Experts say the leaks could open…


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