Cyber Crime

Recently we realized that from time to time when people find a live link in one of our blogs, they click on it to see where it goes, even though the context might suggest that the link could be malicious. So we thought it might be a good idea to set up a link so

U.S. prosecutors allege that virtual currency company Liberty Reserve processed 55 million transactions since 2006, becoming “the bank of choice” for cyber criminals.

Designs for more than two dozen advanced weapons systems have been compromised by hackers, according to a report prepared for the Pentagon. The hackers are said to be Chinese.

Users of British broadcaster Sky’s Android apps were left worried after hackers defaced the company’s Google Play page, and simultaneously sent out a warning via a company Twitter account that the apps had been “hacked and replaced”.

American companies are facing an “unprecedented” onslaught of data theft, costing “hundreds of billions”, according to a report by a private group headed by high-ranking ex-government officials.

Electrical grids worldwide have become more susceptible to cyber attacks, due to the use of industrial control systems, according to market analysts ABI Research.

Twitter has introduced a new two-factor security system – an optional “extra layer” of security which should help to prevent unauthorised access to accounts.

Cybercrime is costing small businesses an average of £4,000 ($6000) a year, according to the British Federation of Small Businesses (FSB). A report by the group found that 41 per cent of the FSB’s membership have been a victim of cybercrime in the past year. The most common threat is virus infections, with 20% of small businesses falling victim – while 8% have been victims of hacking and 5% have suffered security breaches.

Cyber attacks on America will continue to escalate, according to National Security Director Keith Alexander, speaking to the Reuters Cybersecurity Summit in Washington. “Disruptive and destructive attacks on our country will get worse,” said Alexander, the leading U.S. general in charge of the nation’s cybersecurity. “Mark my words, it will get worse.”

The FBI has offered temporary security clearances to security officers from U.S. banks in order to share information into repeated cyber attacks which have disrupted online banking websites in recent months.

Mainstream media reports offer a mere “snapshot” of the scope of cyber-crime, according to the head of British intelligence agency GCHQ (Government Communications Headquarters).

Government regulation of IT security poses challenges for bank security teams, a leading Australian bank IT security expert has claimed.

An international gang of cyber thieves stole $45 million using bank ATMs in a heist spread across 27 countries.

Domain name registrar and web hosting company Name.com has been hit by a security breach.

A proposed new law, the Deter Cyber Theft Act, would help defend U.S. companies against data theft and computer espionage by foreign interests, a bipartisan group of senators said this week.

A “watering hole” attack on pages within the U.S. Department of Labor site exploited a “zero-day” vulnerability in Internet Explorer 8 to deliver malware to visitors, according to reports.

The Chinese government and military are behind large numbers of cyberespionage attacks directed at U.S. government computer systems, according to a Pentagon report released this week.

Celebrity news service E! Online became the latest high-profile media Twitter account to fall victim to hackers, with a series of false Tweets that began with a claim that Justin Bieber was gay.

Wireless carriers Verizon, AT&T, Sprint and T-Mobile are putting customers at risk by failing to fix well-known security vulnerabilities on Android phones, according to the American Civil Liberties Union (ACLU).