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.

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.

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

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.

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.

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.

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.

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.

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.