Cybercrime weighs most heavily on financial service firms

A further breakdown of the overall figures shows that, in all, the actual cost hinges on a number of variables. The factors that enter heavily into the equation include attack types and their frequency, along with the organization’s size and even the country in which an organization is based.

Millions bagged in two bank cyber-heists

This hack is said to be reminiscent of a particularly brazen bank cyber-heist from February 2016, in which hackers successfully pilfered $81 million from the account of the central bank of Bangladesh at the Federal Reserve Bank of New York.

Global cybercrime behemoth busted, 36 people indicted

According to US authorities, the enterprise aimed at becoming the premier destination for the buying and selling of stolen payment card data and forged identification documents. It is believed that the losses that the Infraud Organization had intended to cause were north of $2.2 billion.

Jail for man who hacked 1000 student email accounts in search for sexually explicit images

A poorly-secured password reset utility allowed a man to access more than 1,000 email accounts at a New York City-area university in a hunt for sexually explicit photographs and videos.

Fruitfly malware spied on Mac users for 13 years – man charged

US authorities have charged a 28-year-old Ohio man who is alleged to have created and installed creepy spyware on thousands of computers for 13 years.

Business Email Compromise scammer sentenced to 41 months in prison

A US judge has sentenced a Nigerian man to three years and five months in a federal prison after he pleaded guilty to taking part in a business email compromise scam that targeted organisations around the world.

ISF predicts increasing impact of data breaches next year

The association expects the increased costs incurred in security breaches to come both from traditional areas, such as network cleanup and customer notification, and newer areas such as litigation.

Shipping giant refuses to pay hackers ransom after data stolen

Clarksons, the global shipping firm, has turned the tables on criminal hackers who attempted to extort a ransom payment after stealing confidential information from the company’s network.

Keyless convenience or security risk? Car theft in action

Exactly how does the attack work and is it expensive to create? The attack, while seeming to be technology voodoo, is actually rather simple. It requires a transmitting relay near the key and a second relay near the car to receive the relayed signals and mimic the key.

Imgur hackers stole 1.7 million email addresses and passwords

Image-hosting website Imgur discovered at the end of last week that hackers broke into its systems in 2014, and stole the account details of some 1.7 million registered users.

US indicts alleged culprit of HBO hack-and-extort campaign

Between approximately July 23 and 29, Mesri reportedly engaged in his blackmail campaign. After the TV network didn’t pay the required $6 million in digital cryptocurrency, he began leaking portions of the stolen data on July 30.

US rules on reporting cybersecurity flaws set to change according to source

Cyber vulnerability hoarding? The US government publishes its Vulnerabilities Equities Policy (VEP) and describes the process by which cyber flaws found by agencies such as the NSA are handled.

Americans’ unease about cybercrime towers over conventional crimes

The high level of fear of cybercrime dovetails with the self-reported rates of victimization, as 25% of the respondents reported that their personal information or that of their household member has been stolen by hackers over the past 12 months.

ESET research team assists FBI in Windigo case – Russian citizen sentenced to 46 months

Relating the collaboration between ESET experts and the FBI about the Windigo’s operation, which ended with the sentencing of Maxim Senakh.

Hackers hit plastic surgery, threaten to release patient list and photographs

Other cosmetic surgeries who wish to avoid hackers damage their public image would be wise to invest properly in security now, or face the consequences later.

US warns of ongoing attacks on energy firms and critical infrastructure

The US Department of Homeland Security and FBI have warned that hackers are actively targeting government departments, and firms working in the energy, nuclear, water, aviation, and critical manufacturing sectors.

Top tips to keep cybercriminals out of your home

Better security of your internet router is one of the simplest ways in which you can cyber-safeguard your home, and the technology you keep there.

UK National Lottery knocked offline by DDoS attack

The UK National Lottery website and smartphone app are taken offline as a DDoS attack strikes.

CConsiderations on the CCleaner incident

Regardless of how Piriform was breached, for a tool as widely downloaded as CCleaner, with a userbase running into the hundreds of millions, there will be a large impact worldwide, even though only the 32-bit version was affected.

Equifax confirms up to 400,000 UK consumers at risk after data breach

Credit reporting agency Equifax has revealed more details of just how many people are affected in the UK, as consumers are warned of the risk of phishing attacks.

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