Category: Security News

Bangladesh central bank boss quits over $100m cyberheist

March 16, 2016

Bangladesh central bank governor Atiur Rahman has resigned following a cyberheist that saw more than $100 million stolen. Mr. Rahman told Reuters that the country’s prime minister Sheikh Hasina has accepted the resignation, following the events which took place during the first week of February. The resignation follows comments from Bangladesh finance minister Abul Maal Abdul Muhith who … More Bangladesh central bank boss quits over $100m cyberheist

Tech giants ‘to boost encryption services’

March 15, 2016

Some of the most prominent names in tech are pursuing the development of much tougher encryption technologies, it has been revealed. According to the Guardian, Google, Facebook and Snapchat are reportedly bolstering their respective encryption services, which they have been doing for some time now. The newspaper said that these security initiatives preempt the latest … More Tech giants ‘to boost encryption services’

Online grooming: A threat to minors that demands our attention

March 14, 2016

In an era when children are becoming digital natives and using and understanding technology from an early age, safety risks that have existed for some time could also, if we fail to take the necessary precautions, now affect them. Minors have also come into the sights of criminals, who have developed into a threat that makes children … More Online grooming: A threat to minors that demands our attention

Ireland worst affected by Nemucod ransomware delivering trojan

March 11, 2016

ESET finds that Nemucod, the top infecting malware of recent weeks has a 15,82% world detection rate, but a 50,42% detection rate in Ireland ESET Ireland warns users against an increased number of infected emails containing a malicious attachment, which downloads and installs ransomware onto an infected device. When opened, it encrypts victims‘ files on … More Ireland worst affected by Nemucod ransomware delivering trojan

Businesses fail to prepare as cybercrime surges globally

March 10, 2016

Cybercrime is now the second most reported economic crime and has affected at least a third of organizations in the past 24 months, yet many businesses are still underprepared, a PWC report has found. According to the Global Economic Crime Survey, cybercrime has jumped from being the 4th to 2nd most reported kind of economic crime, behind … More Businesses fail to prepare as cybercrime surges globally