Anti-cybercrime successes in the first quarter of 2018

In our roundup of some of the most notable law enforcement actions against computer crime in the first quarter of 2018 will focus on arrests and charges involving suspected cyber-crooks. Compared to combating conventional crime, efforts to bring computer criminals to justice involves a host of specific challenges for law enforcement. The difficulties reside on … More Anti-cybercrime successes in the first quarter of 2018

Millions bagged in two bank cyber-heists

Russia’s central bank disclosed on Friday that hackers had made off with the equivalent of $6 million from a Russian bank last year by co-opting the banking industry’s global payments messaging system known as SWIFT, Reuters has reported. The cyberattack at the unnamed bank took place at some point last year, according to the news wire, … More Millions bagged in two bank cyber-heists

Cybersecurity review of 2017: The year of wake-up calls

Fresh from peering into our crystal ball and outlining some of the trends that we expect to dominate the cyber-landscape in the coming year, we will now offer a snapshot of 2017. In a way, this year may be seen as a ‘year of wake-up calls’. Alarm bells barely stopped ringing as we kept waking up to … More Cybersecurity review of 2017: The year of wake-up calls

Analysis of TeleBots’ cunning backdoor

On the 27th of June 2017, a new cyberattack hit many computer systems in Ukraine, as well as in other countries. That attack was spearheaded by the malware ESET products detect as Diskcoder.C(aka ExPetr, PetrWrap, Petya, or NotPetya). This malware masquerades as typical ransomware: it encrypts the data on the computer and demands $300 bitcoins for recovery. In fact, … More Analysis of TeleBots’ cunning backdoor

Employees have “low cyber IQ” despite high corporate confidence

Employees on both sides of the Atlantic lack a basic understanding in cybersecurity, in stark contrast with businesses’ high confidence in their cybersecurity capabilities. That is the main finding of a new survey conducted by Willis Towers Watson, which found that 63% of UK businesses believe their systems to be highly protected with the necessary … More Employees have “low cyber IQ” despite high corporate confidence