Tag: cybercrime

City of Atlanta computers held hostage in ransomware attack

March 23, 2018

City officials confirm that Atlanta is dealing with a cyberattack that has locked down internal systems and is holding them hostage using ransomware The City of Atlanta’s computer network has fallen victim to a ransomware attack that has encrypted some of the city’s data, mayor Keisha Lance Bottoms announced at a press briefing on Thursday. While the … More City of Atlanta computers held hostage in ransomware attack

Tricks that cybercriminals use, to hide in your phone

March 16, 2018

While analysts figure out new methodologies for analyzing malware and users begin to understand how all this works, cybercriminals are seeking new ways to hide in phones and compromise devices. The convoluted tricks used to increase the effectiveness of their attacks can be grouped into two distinct categories: First, Social Engineering strategies that seek to … More Tricks that cybercriminals use, to hide in your phone

Can you spot a hoax in the flood of news? Can your children?

March 7, 2018

Gone are the days of chain letters! Back then, all victims of fabricated falsehoods had to lose was time and possibly a few bucks for stamps. Compared to these old-school hoaxes, there’s much more at stake with their modern cousins – often designed well enough to manipulate their audience into doing something without even realizing it. … More Can you spot a hoax in the flood of news? Can your children?

Cybercrime weighs most heavily on financial service firms

February 22, 2018

While not the most frequent victims of cybercrime, firms in financial services are facing higher costs relating to such incidents when compared to businesses in any other sector, a study by Accenture and the Ponemon Institute has found. The financial services industry was found to incur cyberattack-induced cost of nearly $18.3 million per firm in 2017 … More Cybercrime weighs most heavily on financial service firms

Millions bagged in two bank cyber-heists

February 20, 2018

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