Category: Security News

Trends 2018: Critical infrastructure attacks on the rise

May 30, 2018

Healthcare sectors, critical manufacturing, food production and transportation also said to be targets for cybercriminals. Cyberthreats to critical infrastructure jumped into the headlines in 2017, starting with a Reuters report in January that a recent power outage in Ukraine “was a cyber-attack”. In last year’s Trends report we said that we expected infrastructure attacks to “continue to … More Trends 2018: Critical infrastructure attacks on the rise

Two Canadian banks warn attackers may have stolen customer data

May 30, 2018

Simplii Financial and Bank of Montreal are believed to have suffered a twin attack that was soon followed by blackmail threats. Two Canadian banks have announced that cybercriminals may have made off with the data of up to 90,000 of the banks’ customers in apparent security breaches, according to a CBC.ca report. Online bank Simplii Financial … More Two Canadian banks warn attackers may have stolen customer data

Losses from Business Email Compromise scams rising fast and furious

May 25, 2018

In 2017, the victims of BEC fraud were stung for $676 million, almost double the loss totals reported in the previous year. The FBI’s Internet Crime Complaint Center (IC3) received a record-high 301,000 complaints of internet-facilitated fraud and other cybercrimes in 2017, with reported losses adding up to $1.42 billion. Pegged at over $676 million, … More Losses from Business Email Compromise scams rising fast and furious

GDPR: One rule to rule them all – legally

May 25, 2018

It’s here! But what are the legal ramifications of the incoming legislation for businesses? There is a certain similarity between J. R. R. Tolkien’s The Lord of the Rings trilogy and General Data Protection Regulation (GDPR) coming to force today, May 25 2018. As weird as it may sound, the regulation puts in place standards identical to those of … More GDPR: One rule to rule them all – legally

Amazon Rekognition a possible threat to the civil rights of citizens

May 24, 2018

Use of software by law enforcement as a surveillance tool is a real concern for groups. Amazon has come under fire from civil rights groups in the US that say their online service that identifies faces in images could be abused by law enforcement. The American Civil Liberties Union (ACLU) released a statement on Tuesday asking the … More Amazon Rekognition a possible threat to the civil rights of citizens