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Cybercrime

Behind Blackshades: a closer look at the latest FBI cyber crime arrests

Blackshades is a RAT and the FBI has just arrested a lot of people involved in its use and distribution. But what’s a RAT and how will these arrests impact cyber crime?

Think cybercriminals are “evil geniuses”? Wrong – and these idiots show why

Many cybercriminals are not exactly Bond villain material – in fact, some are criminals with a level of weapons-grade stupidity that Bond villains wouldn’t even employ as henchmen.

FBI plans worldwide crackdown on cybercrime

The FBI is gearing up for a major crackdown on cybercrime, and says that arrests of major criminals will follow in weeks. Criminals in foreign countries will not be safe, a top FBI official said.

Dogecoin vault vanishes after attack – and “mysterious withdrawals”

The popular online wallet site Dogevault is offline after attackers destroyed data on the site. The impact on user funds is unknown – although site users have reported withdrawals from their accounts, some as large as 950,000 Dogecoin.

Bitly hackers stole user credentials from offsite database backup

If only two factor authentication had been used, maybe the database would never have been accessed by online criminals.

Tax identity fraudsters target third-party payroll sites: are you protected?

Tax identity fraud is on the rise this year, possibly due to criminals getting craftier in their choice of breach targets. According to a series of reports from Brian Krebs, fraudsters are now targeting third-party payroll services.

Miami teenager charged with hacking school computers in “crazy” grade-changing scheme

A Miami high school student who hacked into his school’s website to change grades is facing “years” in custody, after Jose Bautista, 18, handed a written confession to police, according to ABC News’s report.

Target’s CEO gets the chop, after retailer suffers massive data breach

US retail giant Target has announced that it is parting ways with Gregg Steinhafel, its chairman, president and CEO.

If you work in an IT department, and think that your board isn’t taking information security seriously enough, then perhaps reminding your executive team about just how badly Target has been affected by its data breach will help focus their minds.

Cyber defense: businesses need to “spy on” cybercriminals to survive

The key to a good cyber defense strategy is to improve knowledge of current threats, and risks to businesses, according to law enforcement professionals speaking at London’s Infosecurity Europe 2014 conference in London.

‘Millions’ of users at risk after AOL email breach

Anyone with an AOL email address was urged to change their password and security questions this week after a cyber attack which compromised a “significant number of user accounts” – quoted by news agency Reuters as around 2% of all AOL accounts.

Heart-breaking – or side-splitting? Online video offers worst Heartbleed advice possible

Many mainstream news outlets offered advice on dealing with the Heartbleed bug – some misleading. This week, a spoof video has finally cut to the heart of the matter, and offered the worst advice imaginable on how to deal with the bug.

Network structure must change to resist cyber attacks, warns Dr. Eric Cole

Infosecurity expert Dr Eric Cole is to urge companies to take a close look at their network structure, and change it to make attacks difficult for cyber gangs, in a speech given as he is inducted into the Infosecurity Europe Hall of Fame on May 1.

The perfect job? Dream on! Five signs a job offer is a scam

Job scams are a permanent fixture in cyberspace. Anyone who has posted their resume online has offered cyber gangs two crucial pieces of information – one, a way to contact them, and two, the fact they’re in need of a job.

Bad business: ALL major companies are hosting malware – Cisco

Every single one of 30 major companies tested by Cisco over the course of 2013 had malicious traffic on their networks, according to an annual report released by the company. Spyware and other malware was also growing rapidly on mobile devices.

Google offers refunds for buyers of fake Virus Shield app

Google is offering full refunds to buyers of the Virus Shield app which briefly topped the Android charts last week – but turned out to offer no protection whatsoever.

Lack of cyber risk insurance could lead to “global financial shock”

The financial damage caused by a large data breach or malicious employee activity can be enormous, but the lack of financial protection in place could lead to a “global” shock, a report by a leading insurer has warned.

How do you know if your child’s ID has been stolen?

When it comes to identity theft, the most successful attack is on the person least likely to be aware of activity being carried out in his or her name. That being the case, it is hard to imagine anyone who better fits the bill than a child.

Hacking predictions gone wild from the ‘internet of things’

A new, terrifying weapon is in the hands of hackers – the ability to stop a toilet flush working. We look at 2014’s silliest hacking predictions of gadget doom.

Canadian teenager is first to be arrrested for Heartbleed bug attack

A 19-year-old teenager in London, Ontario, Canada has become the first criminal to be arrested for exploiting the ‘Heartbleed’ bug to steal information – in this case, private information on Canadian taxpayers.

LaCie breach leaks passwords and emails – for a whole YEAR

Hard drive specialist LaCie has admitted a data breach that exposed customer emails and passwords – and the attack went undetected for an entire YEAR. Potential victims have been notified, but the scale and damage of the attack are yet to be assessed.

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20 May 2014
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