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Cybercrime

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.

Cybercrime evolves as criminal gangs join forces with spies – report

Hackers targeting sensitive information or stealing from retailers work at such speed that customers often notice data breaches first – and for the first time, cybercriminals are ‘teaming up’ with spies, according to a new report.

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.

Samsung Galaxy S5 is vulnerable to crude “fake fingerprint” hack

A crude fake fingerprint molded using wood glue, and based on a photo taken by a smartphone was enough to fool the much-hyped fingerprint sensor in Samsung’s new flagship S5. Worryingly, the sensor can be used to authenticate financial transactions.

Facebook Webinject Leads to iBanking Mobile Bot

iBanking is a malicious Android application that when installed on a mobile phone is able to spy on its user’s communications. This bot has many interesting phone-specific capabilities, including capturing incoming and outgoing SMS messages, redirecting incoming voice calls, and even capturing audio using the device’s microphone.

All eyes on Heartbleed bug: worse than feared and could affect “billions”

The full scope of the Heartbleed bug came to light in a series of reports by researchers and white-hat hackers, with some claiming a billion smartphones may be at risk, as well as a statement allegedly from the US government over its use of the bug.

Swooping robot attack which felled triathlete “may be work of hackers”

A competitor in an Australian triathlon was hospitalized with injuries and “pieces of propeller in her head” after a drone plunged from the sky, causing head injuries. The competitor, Raija Ogden was treated by paramedics at the scene after the UAV (Unmanned Aerial Vehicle) suddenly plunged from the sky, hitting her on the head. The

What is EMV, and why is it such a hot topic?

You may know it by one of many names: EMV, Integrated Chip Cards, or more simply Chip & Pin or Smart Cards… but whatever you call it: it is a hot topic for debate on the subject of credit card fraud. In this post we will explain the difference between these and traditional credit cards, and why it is being discussed so heatedly in the wake of the Target breach.

“Domestic spyware” apps increasingly precursor to violence – or murder

Apps designed to ‘report’ on handset users’ communications while remaining undetected have increasingly become a factor in cases of domestic violence and even murder.

Attack on Samsung’s Boxee TV service leaks 158,000 passwords and emails

An attack on the forums for the Boxee internet-TV service has yielded 158,000 customer passwords – and what appears to be email addresses and full messaging histories for the victims.

Channel Cybercrime: Bug allows hackers to hijack screen of Philips TVs

Hackers could take control of Philips ‘smart TVs’ and broadcast their own ‘shows’ to watching famlies, thanks to a ‘fixed’ password which allows nearby attackers easy access to the set’s Wi-Fi adapter.

Bitcoin fixes Mt Gox theft bug – as exchange staff find 200,000 BTC in ‘forgotten’ wallet

Bitcoin’s developers have released a new version of the software, which includes a long-awaited fix for the “transaction malleability” bug which is said to have brought down the Mt Gox exchange – and Mt Gox staff have ‘found’ 200,000 BTC in an abandoned wallet in the exchange.

Target breach optioned as Sony feature film

The Target breach, and in particular the role of respected security blogger Brian Krebs in breaking the story, has been optioned as a feature film by Sony. The studio bought the rights to the New York Times article, “Reporting From the Web’s Underbelly,” with a view to creating a “cyber thriller.”

Over 500,000 PCs attacked every day after 25,000 UNIX servers hijacked by Operation Windigo

Malware researchers at ESET have uncovered a widespread cybercriminal operation that has seized control of tens of thousands of Unix servers. Learn more about how to check your systems for compromise, and prevent innocent computer users from being attacked.

More than 80% of business leaders feel “unprepared” for cyber incidents

More than 80% of business leaders do not feel fully prepared for the effects of a major cyber incident, according to a new survey by the Economist Intelligence Unit – despite 77% of companies having faced such incidents in the past two years.

Fake video of Malaysia Airlines flight MH370 rescue is ‘callous’ cyber scam

A post promising a video of a plane landing on water has been circulating on Facebook, with a title suggesting that it contains news footage of the rescue of passengers on board the missing flight MH370 – but there is no video, and it’s a criminal scam.

Financial files from Mt Gox supposedly ‘leak online’ after CEO targeted

A file of material purporting to include detailed information on trades at the Bitcoin exchange Mt Gox, has surfaced online, after attackers targeted the personal blog and Reddit account of CEO Mark Karpeles.

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22 Apr 2014
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