Monthly Archives: June 2015

UK cyber-crime exceeds £16 billion losses, with mobile malware a major threat

There is considerable under-reporting of targeted intrusion attacks in the UK, breaches are likely to increase significantly in scale and damage, then worsen once traditional crime groups exploit the availability of skills, while mobile malware will provide new criminal opportunities according to the latest National Crime Agency (NCA) report.

Cyber-crime and cyber-enabled crimes figure highly in the latest annual National Strategic Assessment (NSA), an analysis by the NCA of serious and organised crime threats affecting the UK.

The document ranges from metal theft to money laundering, but among the cyber-related themes highlighted in the 2015 assessment are an expectation that criminals will focus on mobile malware as the use of apps for financial transactions increases; that there is growing complexity in tracing online criminal activity as the next generation of IP addresses rolls out; and that child sexual exploitation and abuse live online is likely to become more widely available as

Read more at: http://www.scmagazineuk.com/uk-cyber-crime-exceeds-16-billion-losses-with-mobile-malware-a-major-threat/article/422510/

J-CAT operations to continue

Europol’s Joint Cybercrime Action Taskforce (J-CAT), initially set up on 1 September 2014 to strengthen the fight against cyber-crime for a period of six months, is to continue operations following its success.

Hosted at the European Cybercrime Centre (EC3) at Europol, the J-CAT is composed of cyber-liaison officers from EU Member States (Austria, France, Germany, Italy, Netherlands, Spain and the UK), non-EU law enforcement partners (Australia, Canada, Colombia and the US) and EC3. All are located in one single office to ensure that they can communicate with each other in the most effective way, and all participating countries and agencies have agreed to continue with this cooperation model.

Work entails pro-active intelligence-led coordinated actions against key cybercrime threats and top targets such as high-tech crimes, crime facilitation, online fraud and various aspects of online child sexual exploitation. One of J-CAT’s biggest anti-cyber-crime operations to date is Operation Onymous (November 2014) which

Read more at: http://www.scmagazineuk.com/j-cat-operations-to-continue/article/422464/

Hyderabad criminals in Deep Web

Hyderabad: Like the FBI the TS cyber crime cops are on a mission to survey the dark side of the Internet where international cyber criminals rule the roost.

“Deep Web” or Dark Web has made its presence felt in Indian metros including Hyderabad with several covert illegal deals in child pornography, weapons, drugs and even hiring of killers being carried out by Indians.

When the FBI busted Silk Road, a popular Deep Web website, it was found that it had several Indian customers. Cyber crime officials say that since Hyderabad is a major IT hub an efficient surveillance system is necessary.

Cyber crime officials are constantly monitoring the Deep Web. “Absolute anonymity and encrypted data are the main features here. It’s not at all easy to track users. However, we are examining ways to build surveillance capabilities,” said an official from the cyber crime police station of Cyberabad.

Cyber experts say Deep Web is

Read more at: http://www.deccanchronicle.com/150615/nation-crime/article/hyderabad-criminals-deep-web

FBI, Europol and NCA want global approach to fight cyber-crime

Law enforcement giants FBI, Europol and the National Crime Agency called for an international approach to fighting cyber-crime at a conference in London today, whilst also admitting the difficulties around encryption and attribution.

(L-R) Woodward, Archibald, Driscoll, Gemert, Honan

A high-level panel of law enforcement experts discussed cyber-crime policing during the ‘Know your adversary: Who is the cyber-criminal?’ keynote at InfoSec Europe in London today, which was moderated by BH Consulting’s Brian Honan.

Andy Archibald, deputy director of the National Crime Agency’s National Crime Unit (NCCU), started the conservation saying that cyber-crime is – and remains – a major challenge for law enforcement.

“The way cyber-crime has changed criminality is the biggest challenge for law enforcement, certainly during my time in law enforcement,” he said.

Cyber-crime challenges

FBI’s assistant legal attache Michael Driscoll agreed and said that there

Read more at: http://www.scmagazineuk.com/fbi-europol-and-nca-want-global-approach-to-fight-cyber-crime/article/418365/