Tag Archives: criminal

Global Hunt for Nigerian Cyber Criminal Spreading Malware

A Nigerian working alone around Abuja has stirred a global hunt as he orchestrated numerous malware infection campaigns targeting more than 4,000 organisations globally over the past four months, a cyber security company has claimed.

www.Securityweek.com quoting Check Point security researchers said the attacks targeted various companies and industries such as oil and gas, manufacturing, banking, and construction, in an attempt to steal data and commit fraud.

Many of the companies are leading international names and some have had their defences breached by the attacks, the security researchers reveal.

According to Check Point, at least a dozen companies confirmed

Read more at: https://www.thisdaylive.com/index.php/2017/08/17/global-hunt-for-nigerian-cyber-criminal-spreading-malware/

Employees Pose Bigger Threat to Cyber Security than Criminal Hackers

As the world becomes increasingly dependent on technology, the potential for data theft or system shutdown from a breach in cyber security looms large. IT professionals and law enforcement are scrambling to keep up with cyber criminals who are utilizing the latest sophisticated methodologies in their techniques. Over the past year, 32% of businesses have been victims of a major cyber attack. Each year, the corporate world loses $388 billion dealing with and recovering from breaches in cyber security. The amount spent on remediating computer viruses alone has reached about $55 billion per year. While cyber criminals receive a lot of attention and generate splashy headlines, the threat coming from within an organization – whether malicious or not – may be greater.

In a Harvey Nash/KPMG survey, 4,500 CIOs and technology leaders from around the world indicate that the insider threat is the fastest-growing security risk of all. Employees

Read more at: https://www.hrtechnologist.com/articles/core-hr-functions/employees-pose-bigger-threat-to-cyber-security-than-criminal-hackers/

Employees Pose Bigger Threat to Cyber Security than Criminal …

As the world becomes increasingly dependent on technology, the potential for data theft or system shutdown from a breach in cyber security looms large. IT professionals and law enforcement are scrambling to keep up with cyber criminals who are utilizing the latest sophisticated methodologies in their techniques. Over the past year, 32% of businesses have been victims of a major cyber attack. Each year, the corporate world loses $388 billion dealing with and recovering from breaches in cyber security. The amount spent on remediating computer viruses alone has reached about $55 billion per year. While cyber criminals receive a lot of attention and generate splashy headlines, the threat coming from within an organization – whether malicious or not – may be greater.

In a Harvey Nash/KPMG survey, 4,500 CIOs and technology leaders from around the world indicate that the insider threat is the fastest-growing security risk of all. Employees

Read more at: https://www.hrtechnologist.com/articles/core-hr-functions/employees-pose-bigger-threat-to-cyber-security-than-criminal-hackers/

Manhunt begins for ‘Nigerian’ cyber criminal attacking organisations globally

An unnamed Nigerian has allegedly orchestrated numerous malware infection campaigns targeting more than 4,000 organisations globally over the past four months.

This has stirred a global manhunt to apprehend the attacker, NAN reports.

Quoting Check Point, the report said the attacks targeted various companies in industries such as oil and gas, manufacturing, banking, and construction, in an attempt to steal data and commit fraud.

It was learnt that some of the companies who confirmed that they have been infected during the campaign, including a marine and energy solutions company in Croatia, a transportation company in Abu Dhabi, a mining company in Egypt, a construction company in Dubai, an oil and gas firm in Kuwait, and a construction organization in Germany.

The attacks which resulted in a total of 14 successful infections has earned thousands of dollars in the process to the Nigerian attacker, the report said.

it further says that despite showing a low level

Read more at: https://www.thecable.ng/manhunt-begins-nigerian-cyber-criminal-attacking-organisations-globally

Global hunt for Nigerian cyber criminal spreading malware

A Nigerian working alone around Abuja  has stirred a global hunt as he orchestrated numerous malware infection campaigns targeting more than 4,000 organisations globally over the past four months, a cyber security company claimed.

www.Securityweek.com quoting Check Point security researchers said the attacks targeted various companies in industries such as oil gas, manufacturing, banking, and construction, in an attempt to steal data and commit fraud.

Many of the companies are leading international names and some have had their defenses breached by the attacks, the security researchers reveal.

Global hunt for Nigerian cyber criminal spreading malware globally to steal money. Illustration by Cyber Crime Watch

According to Check Point, at least a dozen companies confirmed they have been infected during the campaign, including a marine and energy solutions company in Croatia, a transportation

Read more at: http://www.vanguardngr.com/2017/08/global-hunt-nigerian-cyber-criminal-spreading-malware/

Global hunt for Nigerian cyber criminal spreading malware

Global hunt for Nigerian cyber criminal spreading malware globally to steal money. Illustration by Cyber Crime Watch

A Nigerian working alone around Abuja  has stirred a global hunt as he orchestrated numerous malware infection campaigns targeting more than 4,000 organisations globally over the past four months, a cyber security company claimed.

www.Securityweek.com quoting Check Point security researchers said the attacks targeted various companies in industries such as oil gas, manufacturing, banking, and construction, in an attempt to steal data and commit fraud.

Many of the companies are leading international names and some have had their defenses breached by the attacks, the security researchers reveal.

According to Check Point, at least a dozen companies confirmed they have been infected during the campaign, including a marine and energy solutions company in Croatia, a transportation company in Abu Dhabi, a mining company in Egypt, a construction company

Read more at: http://www.nan.ng/news/global-hunt-for-nigerian-cyber-criminal-spreading-malware/

How this business enlisted a “cyber angel” to pay a criminal’s ransom after losing 65 weeks’ worth of data

An Australian business has coughed up and paid $5000 in digital currency Bitcoin to a cyber criminal after its servers were compromised by ransomware that caused it to lose a combined 65 weeks’ worth of data.

The Outdoor Media Association’s (OMA) chief executive Charmaine Moldrich took to the organisation’s blog to discuss the cyber attack that occurred last month, compromising all of its computers, with the last off-site backup being more than six weeks old.

“We were hacked at 10.25pm. No alarms went off, no alerts were sent until the first team member arrived to work at 7.30am to find a hacker’s ransom message on all our computers,” Moldrich wrote.

“By this stage the ransomware had encrypted every file on our server including our back up.”

Ransomware is a common form of cyber attack in which criminals encrypt files on a user’s computer and servers, demanding a significant payment before the files

Read more at: http://www.smartcompany.com.au/technology/business-enlisted-cyber-angel-pay-criminals-ransom-losing-60-weeks-worth-data/

Diagnosis high risk: Why the NHS is a cyber criminal’s dream

Hackers are taking a more sinister approach than most people would care to imagine

If you mention cyber crime to most people on the street — their first thought is of people sat in darkened rooms trying to infiltrate national security and people trying to get access to their hard earned money. People are increasingly careful when protecting internet banking passwords with an admirable attitude of awareness to the cyber criminals lurking in the shadows… but is money all it comes down to?

It would appear not. What goes on in these darkened rooms is something equally as sinister and inherently more personal.

Apart from money, what is precious to people? Possibly photographs, emails, and messages? Everyone knows that sweat-inducing panic when a mobile phone is lost. However, cyber crime is taking a more sinister and personal approach than most people would

Read more at: https://www.legalcheek.com/lc-journal-posts/diagnosis-high-risk-why-the-nhs-is-a-cyber-criminals-dream/

Cyber criminal brought to Rajgangpur

RAJGANGPUR (SUNDARGARH) : Police on Monday brought a cyber criminal of Ranchi in Jharkhand to Rajgangpur in Sundargarh district in connection with stealing of `1.23 lakh from a bank account. The criminal, identified as Prakash Kumar, was arrested from Ranchi.Rajgangpur IIC PK Jena said on July 22, retired school headmaster Nabin Patel was tricked into sharing his SBI account details by an anonymous caller. Patel later found that an amount of `1.23 lakh was stolen from his account following which a case was registered. 

The IIC said based on inputs from the Cyber Crime wing, the police arrested the Prakash from Ranchi. He said `74,000 in cash, some documents and mobile phones were seized from his possession. The IIC said the mastermind of the crime is at large. Investigation revealed that the two criminals had transferred the amount from Patel’s account to few other accounts through illegal online banking, he added.

Read more at: http://www.newindianexpress.com/states/odisha/2017/aug/08/cyber-criminal-brought-to-rajgangpur-1640031.html

Cyber criminal held in Rajgangpur

Rajgangpur: A cyber criminal, accused of hacking bank account of a retired teacher, was nabbed by Rajgangpur police in Sundergarh district today. Passbooks of various banks along with different mobile phones were seized from his possession.

During interrogation, the accused Prakash Kumar told police about the mastermind behind the crime. Police conducted a raid on the mastermind’s house, but he was able to flee from the spot leaving behind Rs 74,000.

Earlier on July 22, Kumar had very cleverly extracted the bank account details of a retired teacher in Rajgangpur through a phone call and had transferred Rs 1.23 lakh from the latter’s account to his account.

Police had launched its investigation after receiving a formal complaint from the teacher.

Read more at: http://odishatv.in/odisha/body-slider/cyber-criminal-held-in-rajgangpur-231782/