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New minister wants NZ to up ante against cyber-crime

Cyber-criminals stole $730,000 from New Zealanders within three months this year.

Cyber-criminals stole $730,000 from New Zealanders within three months this year.

The complexity of online financial crime is escalating and the new Government has been handed the task of thickening New Zealands armour. 

Symantec technology strategist Mark Shaw said New Zealanders should expect to see more bank accounts hacked and more money stolen next year through apps.

Artificial intelligence made light work for cyber-criminals who were increasingly using consumers as loopholes to target company accounts, he said. 

Symantec technology strategist Mark Shaw says the Government must fight back against financial cyber-crime, but it ...

Symantec technology strategist Mark Shaw says the Government must fight back against financial cyber-crime, but it cannot do it alone.

New Zealanders lost a total of $730,000 from 364 cyber incidents reported to the Computer Emergency Response Team

Read more at: https://www.stuff.co.nz/business/99843032/new-minister-wants-nz-to-up-ante-against-cybercrime

GCHQ ramps up fight against cyber crime with start-up scheme

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A new scheme with GCHQ aims to boost the protection against cybercrime across the UK.

Nine new start-ups from across the UK will work alongside experts at GCHQ on a new development scheme as part of efforts to better protect the UK from cybercrime.

The start-ups will spend nine months working with the UK’s Intelligence Agency, as well as with business experts, on a scheme to help bring the best protection against cybercrime and

Read more at: https://www.cbronline.com/news/gchq-cyber-crime-startup-scheme

Bill proposes stiff penalties in war against cybercrime

By WANJOHI GITHAE
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Internet users in Kenya will face closer State scrutiny if a proposed law on cybercrime published recently is passed next year.

The Computer and Cybercrimes Bill 2017 spells out far-reaching measures aimed at punishing online users who misuse Internet freedom.

Among those it targets are cyber bullies, stalkers, hackers, peddlers of fake news and paedophiles who use popular social media sites such as Facebook, Twitter, Instagram and WhatsApp.

Previous attempts to impose some control on social media users were met with accusations that the government was out to limit free speech.

The bill, published by National Assembly Majority Leader Aden Duale, comes as Kenya continues to enjoy high Internet penetration compared to many African countries.

“This bill is long overdue in Kenya. It was put together borrowing from international best practices. We will ask MPs and Kenyans

Read more at: http://www.nation.co.ke/news/stiff-penalties-for-cybercrime/1056-4221682-atevyoz/index.html

Russian Media Outlet Links Treason Case Against Top Cyber-Crime Fighters to American Election Hacking

Russian interference in the U.S. presidential elections is at the heart of secretive treason case against a former FSB official and three of his alleged accomplices arrested last year, a Russian business startup reports.

Sergei Mikhailov, the FSB’s head of cyber investigations, was detained on Dec. 5, 2016, together with three alleged accomplices — his colleague Dmitry Dokuchayev, former Kaspersky Lab employee Ruslan Stoyanov, and internet entrepreneur Georgy Fomchenkov.

The four men have been held in Moscow’s high-security Lefortovo Prison on charges of committing treason. The mysterious case has been hidden from public view after being labeled a “state secret.”

“The four men have been hidden away from everyone, to make sure they don’t give away any sensitive information,” the Bell cited Ivan Pavlov, a lawyer for one of the defendants, as saying.

In an extensive investigation published on the one-year anniversary of the group’s arrest, the Bell outlet cited two

Read more at: https://themoscowtimes.com/news/the-bell-links-treason-case-against-top-russian-fsb-to-american-election-hacking-59810

Russian Media Outlet Links Treason Case Against Top Cyber-Crime …

Russian interference in the U.S. presidential elections is at the heart of a secretive treason case against a former FSB official and three of his alleged accomplices arrested last year, a Russian news startup reports.

Sergei Mikhailov, the FSB’s former head of cyber investigations, was detained on Dec. 5, 2016, together with three alleged accomplices — his colleague Dmitry Dokuchayev, former Kaspersky Lab employee Ruslan Stoyanov, and internet entrepreneur Georgy Fomchenkov.

The four men have been held in Moscow’s high-security Lefortovo Prison on charges of committing treason. The mysterious case has been hidden from public view after being labeled a “state secret.”

“The four men have been hidden away from everyone, to make sure they don’t give away any sensitive information,” the Bell outlet cited Ivan Pavlov, a lawyer for one of the defendants, as saying.

In an extensive investigation published on the one-year anniversary of the group’s arrest, the Bell outlet

Read more at: https://themoscowtimes.com/news/the-bell-links-treason-case-against-top-russian-fsb-to-american-election-hacking-59810

Advice Guide: How to protect against cyber crime

If you find yourself a victim of cyber fraud or online identity theft, what should you do?

Contact Action Fraud: the UK’s national fraud and cyber crime reporting centre. They also offer an email or phone service where you can help alert others to potential scam emails and messages. Alternatively, you can call your local police force on 101.

Inform your bank, credit card company and other financial providers on a number you obtain from a trusted source like your paper statements or the rear of your cards.

You may also want to consider further protection to block unauthorised attempts to take out credit in your name. The CIFAS scheme places a marker on your credit file to help prevent fraudsters opening accounts and loans with your details.

Read more at: http://www.itv.com/news/calendar/2017-11-29/advice-guide-how-to-protect-against-cyber-crime/

Evolution of ransomware makes it hard to defend against, warns National Crime Agency

Ransomware is increasingly effective because of changes in the way it operates. Because cyber-extortion is a numbers game – the more devices you infect the more you earn – the objective of the attackers is to infect as many devices as quickly as possible, said Paul Edmunds, head of technology at the National Crime Agency (NCA). Therefore they need to get around defences such as restricted admin rights.

Describing ransomware as a “growing and present threat”, he told the audience at last week’s Computing Security and Risk Management Summit that whereas early examples tended to be delivered as email attachments which had to be downloaded and executed by the victim, subsequent strains such as WannaCry and NotPetya were much more proactive in seeking out and infecting vulnerable machines.

“We’re starting to see other attack vectors that are growing in importance, scanning and finding unpatched vulnerabilities on a machine,” Edmunds said.

WannaCry

Read more at: https://www.computing.co.uk/ctg/news/3021979/evolution-of-ransomware-makes-it-hard-to-defend-against-warns-national-crime-agency

Opinion 7 steps to guard against ransomware attacks

Predicting the future of the internet that uses sensitive and personal information as its fuel is not for the faint of heart.

One dystopic prediction is an Internet of ransomed things full of hijacked smart devices. And the burning question we will all face is, “To pay, or not to pay?”

It may actually be an easy decision — and the only viable option if caught unprepared. However, paying the ransom incurs a cost; it rewards criminal activity and strengthens the incentive for such attacks throughout the industry. And with attacks like WannaCry and NotPetya, there is no guarantee of recovery. Some versions of malware like “Boneidleware” and “leakerware” are disguised as ransomware but designed to destroy or steal data with no recourse.

To put an end to ransomware, or at least slow it, we have to look at how ransomware gained popularity and momentum. It has evolved over three

Read more at: https://www.information-management.com/opinion/7-steps-to-guard-against-ransomware-attacks

Odisha gets Rs 2.3 crore to tackle cyber crime against women

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Read more at: https://timesofindia.indiatimes.com/city/bhubaneswar/odisha-gets-rs-2-3-crore-to-tackle-cyber-crime-against-women/articleshow/61721116.cms