How do #cyber-criminals use #trust as a #weapon?

For cybercrime to succeed, attackers need to convince users to trust them. With the average person acquiring more sophisticated knowledge of the internet on a daily basis, it naturally follows that cyber-criminals are creating more advanced ways of carrying out attacks, particularly malware and ransomware. Menlo Security, based in Palo…


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Hacking is a #Lucrative #Endeavor on Both Sides of the #Law

Cybercrime is big business for hackers and cybersecurity professionals alike. Black-hat hackers, a computer hacker who carries out illegal malicious hacking work, cashes in by way of gleaning company and individual bank account information, or by preventing someone from accessing his computer data and then charging a fee (ransom) to…


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Massive $530m #global cyber #fraud #ring with over 10,000 #members taken down by #US

The US Justice Department has charged 36 individuals linked to a massive cyber fraud ring that claimed over $530m (£381m) in stolen funds over seven years. The international cybercrime group, known as the Infraud Organisation, acquired, sold and disseminated identities, compromised debit and credit cards, personally identifiable information, financial and…


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Cybercrime #warning for #homes and #businesses

BUSINESSES and households around the region have been warned about the growing danger of cybercrime. The rise of the internet has led to the potential impact of cyber-theft, cyber-vandalism and even cyber-extortion increasing dramatically, with experts warning that the more we rely on the net, the more potentially vulnerable we…


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Six #Cyber Threats to #Really #Worry About in #2018

Hackers are constantly finding new targets and refining the tools they use to break through cyberdefenses. The following are some significant threats to look out for this year. More huge data breaches The cyberattack on the Equifax credit reporting agency in 2017, which led to the theft of Social Security…


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How #cyber criminals became The New #Mafia

RANSOMWARE is emerging as the latest tool of choice for cybercriminals amid a rising trend of cybercrime attacks in recent years, data from the cybersecurity solutions provider Malwarebytes revealed recently. The company said between Sept 2015 and Sept 2017, the number of ransomware attacks detected had increased by a whopping…


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Malicious #malware: Lessons #learned and what to #expect from #cyber crime in 2018

A wave of major cyberattacks swept across Russia in 2017. First in May, the WannaCry virus wreaked havoc on Russian mobile operator Megafon’s retail network and call center. Later in June, Petya (or NotPetya) attacked Russia’s oil major Rosneft at the height of a court battle against investment giant Sistema….


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Threat #posed by #evil #nations and #criminals in #cyber-land is #rising

We know very little about Kim Jong-un’s North Korea but we do know the hermit kingdom pro­duces skilled hackers. Over the past few years, North Korea’s military has hacked Sony, launched the WannaCry malware and more ­recently pulled off a coup by penetrating an apparently “secure” South Korean military network,…


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Sophisticated #Cyber Threats, #Biggest Fear For #FinTech in #2018

Digital workplaces and intranet solutions provider Invotra said that sophisticated cyber threats are biggest technology fear for financial and public sector in 2018. Invotra’s Digital Transformation research, conducted among 504 senior IT managers working across public sector and financial organizations, found the financial services industry and public sector both agree…


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Fighting #Internet #Crime: Protecting Your Small #Business From #Cyberattacks

Data breaches at major corporations like Yahoo, Equifax, Target and Sony Pictures may capture the big headlines, but small businesses also face significant financial, operational and reputational risks from cyberattacks. Malicious computer viruses and hacks of sensitive information can hobble any business, potentially exposing even a mom-and-pop shop to customer…


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Hackers inflate #foreign #students’ scores at #Brisbane’s International Education Services (IES) #College

HACKERS have infiltrated a University of Queensland feeder college’s computer system to inflate the test scores of underperforming foreign students. Cyber crime detectives are investigating a security breach at Brisbane’s International Education Services (IES) College earlier this month. IES said one of its computer systems was targeted but would not…


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Cyber #Criminals Are #Becoming Increasingly #Sophisticated, Says #Symantec CTO

Cybercriminals caused significant service disruptions around the world over this past year, using increasingly sophisticated methods to break through cyber defences. In 2018, Nick Savvides, chief technology officer at Symantec expects the trend to become more pronounced as cyber attackers adopt machine learning and artificial intelligence to launch more potent…


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Russian #cyber criminal given #additional #jail time for #role in $50M #fraud ring

A Russian cyber criminal already serving a 27-year sentence in federal prison has been given an additional 14 years for his role in a $50 million scheme that involved trafficking stolen credit card numbers. The Justice Department on Thursday sentenced Roman Seleznev, the son of a member of Russian parliament, to additional…


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IoT #devices to be #targeted by #cybercrims in 2018

LogRhythm, The Security Intelligence Company, today announced its key IT security predictions for 2018. Simon Howe, Director of Sales Australia and New Zealand, LogRhythm, said, “For enterprises, the main concern for security is securing and protecting the organisation’s valuable assets. This has mostly been achieved this year through visibility of…


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Cyber #criminals working for #enemy states could ‘kill millions’ by remotely #hacking cars, warns #expert

Terrorist hackers working for enemy states could turn cars into killing machines, a security expert has warned. Any car built after 2005 is an ‘open door’ to hackers and could be remotely controlled to obliterate ‘millions of civilians’, a researcher has found. Even some vehicles up to 17 years old…


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Fake #Amazon gift cards, phony #Walmart sites and other #cyber #scams tempt #holiday #shoppers

Cyber Monday is officially the Monday after Thanksgiving. But many holiday shoppers hunt for deals via their smartphones and laptops long before the family cook preps the turkey for the oven or deep fryer. Why wait for Black Friday — or Cyber Monday — to shop? After all, holiday shopping deals are…


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Cash #Converters is #HACKED: Cyber #criminals hold UK #customer #credit card numbers, addresses and #passwords to #ransom after major #security breach

Hackers who attacked the now defunct website of second hand goods store Cash Converters may have access to the account details of thousands of customers. Usernames, passwords, delivery addresses and potentially partial credit card numbers are among the data believed to have been stolen. The culprits are said to be…


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