Tag Archives: businesses

Cyber threats are growing in size and stature, but system compromises are the new weak spot for businesses

With just a month until the year comes to an end, 2017 has seen some of the biggest and most dangerous leaks, hacks, ransoms and attacks of all time. Amongst many others, we saw the NHS hit by WannaCry, the email accounts of UK Parliament members exploited, and Equifax crippled by a data breach that allowed the personal information of nearly 150 million of its customers to be compromised.

Thanks to cyber security threats growing, not just in size, but also in maturity, and cyber criminals showing no signs of slowing down, organisations are busy determining how best to protect themselves against a multitude of risks.

Companies across every industry are aware that they can no longer turn a blind eye to the dangers to their digital and physical business, however the problem is that unless they are taking measures to defend against absolutely everything in the cyber landscape, it’s difficult for

Read more at: https://www.itproportal.com/features/cyber-threats-are-growing-in-size-and-stature-but-system-compromises-are-the-new-weak-spot-for-businesses/

‘New Mafia’ cyber attacks on businesses up 23 percent in 2017

A new report from anti-malware specialist Malwarebytes says that the volume and sophistication of cyber attacks is growing thanks to an increase in organized cyber crime it dubs the ‘New Mafia’.

Ransomware attacks up to the end of October have surpassed total figures for 2016 by 62 percent. In addition, there has been an almost 2,000 percent increase in ransomware detections since 2015 — rising to hundreds of thousands in September 2017 from less than 16,000 in September 2015.

“The ‘New Mafia’, identified by our report, is characterized by the emergence of four distinct groups of cyber criminals: traditional gangs, state-sponsored attackers, ideological hackers and hackers-for-hire,” says Marcin Kleczynski, CEO of Malwarebytes. “Through greater vigilance and a comprehensive understanding of the cyber crime landscape, businesses can support the efforts of legislators and law enforcement, while also taking action into their

Read more at: https://betanews.com/2017/12/08/new-mafia-cyber-attacks/

Russian cyber-criminal targeting European businesses jailed

Jail sentences handed out for hacking and phishing

A Russian hacker who ran a sophisticated computer hacking network that stole over £2 million from UK businesses has been jailed for nine years.


Vugar Mollachiev, 37, from Enfield, North London was sentenced at Southwark Crown Court for conspiracy to defraud and money laundering by using technical knowledge to infect computers.


Evidence from a previous cyber-crime investigation identified Mollachiev as being heavily involved in cyber-criminality and online fraud. Scotland Yard said Mollachiev and his friends used their technical knowledge to hack businesses across the UK and Europe. The funds were then spent on high-value goods or transferred to ‘mule’ accounts and ‘cashed out’ via machines before being transferred back to Russia from where they could not be recovered.


Police said Mollachiev was arrested by officers from the Met’s Falcon Cyber Crime Unit on March 17, however he was

Read more at: https://www.scmagazineuk.com/news/russian-cyber-criminal-targeting-european-businesses-jailed/article/711432/

Nine years jail for Russian cyber-criminal targeting European businesses

Jail sentences handed out for hacking and phishing

A Russian hacker who ran a sophisticated computer hacking network that stole over £2 million from UK businesses has been jailed for nine years.

Vugar Mollachiev, 37, from Enfield, North London was sentenced at Southwark Crown Court for conspiracy to defraud and money laundering by using technical knowledge to infect computers.

Evidence from a previous cyber-crime investigation identified Mollachiev as being heavily involved in cyber-criminality and online fraud. Scotland Yard said Mollachiev and his friends used their technical knowledge to hack businesses across the UK and Europe. The funds were then spent on high-value goods or transferred to ‘mule’ accounts and ‘cashed out’ via ATM machines before being transferred back to Russia from where they could not be recovered.

Police said Mollachiev was arrested by officers from the Met’s Falcon Cyber Crime Unit on 17 March, however he was not sentenced

Read more at: https://www.scmagazineuk.com/news/nine-years-jail-for-russian-cyber-criminal-targeting-european-businesses/article/711432/

Australian businesses at risk of cyber crime | finder.com.au

finder.com.au is one of Australia’s leading comparison websites. We compare from a wide set of major banks, insurers and product issuers.

finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don’t cover every available product. You should consider whether the products featured on our site are appropriate for your needs and seek independent advice if you have any questions.

The identification of a group of products, as ‘Top’ or ‘Best’ is a reflection of user preferences based on current website data. On a regular basis, analytics drive the creation of a list of popular products. Where these products are grouped, they appear in no particular order.

Where our site links to particular products or displays ‘Go to site’ buttons, we may receive a commission, referral fee or payment.

We try to take an open

Read more at: https://www.finder.com.au/australian-businesses-at-risk-of-cyber-crime

Australian businesses at risk of cyber crime

finder.com.au is one of Australia’s leading comparison websites. We compare from a wide set of major banks, insurers and product issuers.

finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don’t cover every available product. You should consider whether the products featured on our site are appropriate for your needs and seek independent advice if you have any questions.

The identification of a group of products, as ‘Top’ or ‘Best’ is a reflection of user preferences based on current website data. On a regular basis, analytics drive the creation of a list of popular products. Where these products are grouped, they appear in no particular order.

Where our site links to particular products or displays ‘Go to site’ buttons, we may receive a commission, referral fee or payment.

We try to take an open

Read more at: https://www.finder.com.au/australian-businesses-at-risk-of-cyber-crime

Caribbean Businesses stand to profit from Quad9 Cyber Security

That fight is far from over, however. A group of major tech players recently flipped the script on bad actors, unveiling a free security solution designed to deploy DNS to keep users safer online.

IBM, Packet Clearing House and the Global Cybersecurity Alliance on November 16 launched a free, public, global recursive DNS resolver, with strong privacy and security features built-in. Aptly named Quad9, it uses the IP address 9.9.9.9, and can be enabled with a few changes to network settings.

“Quad9 is a free layer of protection that will put the DNS to work for you,” said John Todd, executive director of Quad9. “It allows optional encryption of the query between the user and the server, and it minimises the amount of data that can leak to unknown destinations. And it uses DNSSEC to cryptographically validate the content of the DNS answers that it’s passing back to users for domain names

Read more at: http://curacaochronicle.com/tech/caribbean-businesses-stand-to-profit-from-quad9-cyber-security/

Caribbean businesses stand to profit from Quad9 cyber security

Not only have the measures to counter cybercrime progressed too slowly, but the evolution of some core components of the Internet itself has also lagged behind. One part of the Internet architecture exploited by malicious actors is the Domain Name Service, or DNS, which is used routinely to carry out email fraud, malware, ransomware and other common cyber threats. A lot of malicious actors have figured out ways to abuse low-security DNS servers, and use them to compromise people’s devices.
That fight is far from over, however. A group of major tech players recently flipped the script on bad actors, unveiling a free security solution designed to deploy DNS to keep users safer online.
IBM, Packet Clearing House and the Global Cybersecurity Alliance on November 16 launched a free, public, global recursive DNS resolver, with strong privacy and security features built-in. Aptly named Quad9, it uses the IP address

Read more at: https://www.thedailyherald.sx/regional/71075-caribbean-businesses-stand-to-profit-from-quad9-cyber-security

The true state of businesses’ cyber security defences

It appears that Kiwi businesses are finally taking cyber security more seriously – but research shows there’s still room for improvement.

New research from Kordia has revealed that New Zealand businesses are taking cyber security more seriously as the number of cyber-attacks continues to rise. However, the company notes that while progress is being made, chinks remain in the corporate armour – and people still present the greatest risk of all.

According to Esmée O’Brien (pictured), head of communications at Kordia, the results of the research are encouraging, particularly in regards to cyber security awareness and preparedness. 

“Over half of New Zealand businesses now acknowledge their risk of falling victim to cyber-crime. Two thirds of businesses updated or reviewed their policies in the wake of the recent high-profile ransomware attacks. And, more than half of all businesses are planning to increase their budget for information security in the year ahead.”

In addition, in the

Read more at: https://nzbusiness.co.nz/article/true-state-businesses%E2%80%99-cyber-security-defences