Tag Archives: companies

Cyber crime vigil: companies need to roll out security lessons

HYDERABAD: Rattled by the current string of cyber attacks, IT experts have now advised companies to enhance their data protection mechanisms to ensure that it does not fall prey to malicious ransomware like Wannacry and Petya.

The first step in protecting a business from malware attacks, they said, was to educate employees as close to 90% of all breaches occur as a result of a worker clicking on an inappropriate website link.

While the awareness level, about ransomware and malware attacks, has gone up among companies in Hyderabad, a lot still needs to be done to ensure that their data is not compromised, said members of the Society for Cyberabad Security Council (SCSC).

“Taking the recent string of cyber security attacks into account companies must step up their security systems in addition to educating their employees about

Read more at: http://timesofindia.indiatimes.com/city/hyderabad/cyber-crime-vigil-cos-need-to-roll-out-security-lessons/articleshow/60039444.cms

Cyber crime vigil: companies need to roll out security lessons …

HYDERABAD: Rattled by the current string of cyber attacks, IT experts have now advised companies to enhance their data protection mechanisms to ensure that it does not fall prey to malicious ransomware like Wannacry and Petya.

The first step in protecting a business from malware attacks, they said, was to educate employees as close to 90% of all breaches occur as a result of a worker clicking on an inappropriate website link.

While the awareness level, about ransomware and malware attacks, has gone up among companies in Hyderabad, a lot still needs to be done to ensure that their data is not compromised, said members of the Society for Cyberabad Security Council (SCSC).

“Taking the recent string of cyber security attacks into account companies must step up their security systems in addition to educating their employees about

Read more at: http://timesofindia.indiatimes.com/city/hyderabad/cyber-crime-vigil-cos-need-to-roll-out-security-lessons/articleshow/60039444.cms

Cyber crime: ‘British companies stockpiling Bitcoins to pay online ransoms’

Johnston Press Investigations: Cahal Milmo, Aasma Day, Don Mort, Chris Burn, Ruby Kitchen, Paul Lynch, Oli Poole, Gavin Ledwith, Ben Fishwick, Philip Bradfield and Deborah Punshon

A few months ago, those who monitor the world’s Bitcoin cryptocurrency exchanges began to notice an unusual trend – the amount of virtual cash being stockpiled by British companies was increasing dramatically.

Bitcoin is the digital currency born from a libertarian ideal that individuals should be able to transfer funds without the intervention of a bank or revealing their identity. As a result, it is the currency of choice for those who carry out ransomware attacks.

“You have got people who are effectively employees, who turn up to work in an office block, who spend the day extorting cash or sending denial of service attacks, have a sandwich break and then go home to put the kids to bed.”

Security consultant

£136,000 digital cash pile

A

Read more at: https://inews.co.uk/essentials/news/uk/cyber-crime-british-companies-stockpiling-digital-currency-pay-online-ransoms/

Half of German companies hit by cyber crime

Half of German firms hit by industrial sabotage
21.07.2017

Over half of all companies in Germany have been affected by spying, sabotage or data theft in the last two years, says an industry association. It estimated that the attacks cost the firms about 55 billion euros a year.

Read more at: http://www.dw.com/en/half-of-german-companies-hit-by-cyber-crime/av-39799337

Companies should Quickly Count the Cost of Cyber Crime

 

Cybersecurity was ranked 8th among 12 largest specific dangers facing the Reckitt Benckiser Group Plc in their most recent annual report. The risk became real after Petya attacked the giant of the consumer goods last month.

 

Malware encrypted and then successfully destroyed important data, disrupting the orders, shipping as well as other functions in every company. ft.com posted on July 7th, 2017, stating that neither has completely recovered even after ten days.

 

Mondelez, who makes Ritz crackers and Oreo cookies, said that the attack shaved 3 percentage points in the growth rate for quarter ending on 30th June, although it expects to recover some lost revenue during upcoming months. Reckitt, famous for Durex condoms and Nurofen painkillers, predicted a 2% sales drop during the quarter, as well as a 1 percentage point reduction in its complete year growth rate, thus adding up to the projected hit to sales of 110

Read more at: http://www.spamfighter.com/News-21013-Companies-should-Quickly-Count-the-Cost-of-Cyber-Crime.htm

Companies urged to report cyber crime amid rise in ransomware attacks



A cyber attack caused disruption for major organisations including European bank BNP Paribas this week

June 29 2017

The scale of cyber crime is being underestimated as many businesses t hat fall victim are not reporting it for fear of damaging their reputation, the National Crime Agency (NCA) has warned.

Under-reporting of cyber crime is obscuring the understanding of its true scale and cost, with ransomware attacks – such as the one which caused disruption for major organisations including European bank BNP Paribas this week – becoming increasingly prevalent.

NCA deputy director general Matthew Horne said cyber attacks needed to be be viewed more widely as a security or criminal threat rather than as an IT issue.

“That’s one of the main things we implore people to do – businesses just need to report it,” he said.

Read more at: http://www.belfasttelegraph.co.uk/business/news/companies-urged-to-report-cyber-crime-amid-rise-in-ransomware-attacks-35877104.html

Companies urged to report cyber crime amid rise in ransomware …



A cyber attack caused disruption for major organisations including European bank BNP Paribas this week

June 29 2017

The scale of cyber crime is being underestimated as many businesses t hat fall victim are not reporting it for fear of damaging their reputation, the National Crime Agency (NCA) has warned.

Under-reporting of cyber crime is obscuring the understanding of its true scale and cost, with ransomware attacks – such as the one which caused disruption for major organisations including European bank BNP Paribas this week – becoming increasingly prevalent.

NCA deputy director general Matthew Horne said cyber attacks needed to be be viewed more widely as a security or criminal threat rather than as an IT issue.

“That’s one of the main things we implore people to do – businesses just need to report it,” he said.

Read more at: http://www.belfasttelegraph.co.uk/business/news/companies-urged-to-report-cyber-crime-amid-rise-in-ransomware-attacks-35877104.html

Companies urged to report cyber crime amid rise in ransomware attacks

The scale of cyber crime is being underestimated as many businesses that fall victim are not reporting it for fear of damaging their reputation, the National Crime Agency (NCA) has warned.

Under-reporting of cyber crime is obscuring the understanding of its true scale and cost, with ransomware attacks – such as the one which caused disruption for major organisations including European bank BNP Paribas this week – becoming increasingly prevalent.

NCA deputy director general Matthew Horne said cyber attacks needed to be be viewed more widely as a security or criminal threat rather than as an IT issue.

“That’s one of the main things we implore people to do – businesses just need to report it,” he said.

“There’s a range of actions that we can take, it doesn’t have to go public just because somebody reports it. If they’re not being reported that puts us very much on the back foot. We

Read more at: http://www.aol.co.uk/news/2017/06/28/companies-urged-to-report-cyber-crime-amid-rise-in-ransomware-at/

Companies urged to report cyber crime amid rise in ransomware attacks

The scale of cyber crime is being underestimated as many businesses t hat fall victim are not reporting it for fear of damaging their reputation, the National Crime Agency (NCA) has warned.

Under-reporting of cyber crime is obscuring the understanding of its true scale and cost, with ransomware attacks – such as the one which caused disruption for major organisations including European bank BNP Paribas this week – becoming increasingly prevalent.

NCA deputy director general Matthew Horne said cyber attacks needed to be be viewed more widely as a security or criminal threat rather than as an IT issue.

“That’s one of the main things we implore people to do – businesses just need to report it,” he said.

“There’s a range of actions that we can take, it doesn’t have to go public just because somebody reports it. I f they’re not being reported that

Read more at: https://www.eveningexpress.co.uk/pipe/news/uk/companies-urged-to-report-cyber-crime-amid-rise-in-ransomware-attacks/