Tag Archives: global

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/

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/

Changing cybersecurity landscape creates global threat, warns Accenture

The global cybersecurity landscape is set to experience rapid change and an increase in major attacks, according to a mid-year report released by Accenture.

The Cyber Threatscape Report 2017 , produced by iDefense, part of Accenture Security, predicts a continuation and escalation of high profile attacks seen in the first half of the year.

It also outlines the changing ways that hackers, both individual and state-sponsored, are looking to disrupt the landscape. It highlights their changing motivations and the different types of devices that can be maliciously exploited.

For instance, the report warns that the rapid adoption of IoT devices has created a significant rise in IoT botnets, which are expected to continue to grow as more diverse devices join the global network.

Ransomware has now displaced banking Trojans as one of the most common forms of malware

The explosion in the use of IoT devices means that the methods for protecting them are struggling to

Read more at: https://thestack.com/security/2017/07/27/changes-to-cybersecurity-landscape-create-global-threat-warns-accenture/

AlphaBay: Global authorities shut down dark net market 10 times the size of 2013’s Silk Road

Posted

July 21, 2017 04:44:34

A screenshot of the dark net marketplace AlphaBay showing high quality LSD for sale.
Photo:

A screenshot of the dark net marketplace AlphaBay. (alphabaymarket.com)

The US Justice Department has announced it has shut down the dark net marketplace AlphaBay, working with international partners to knock offline the site accused of allowing hundreds of thousands of people to buy and sell drugs, firearms, computer hacking tools and other illicit goods.

The action marked one of the largest law

Read more at: http://www.abc.net.au/news/2017-07-21/us-justice-department-shuts-down-dark-web-bazaar-alphabay/8729700

Global cyber attack could spur $68 billion in losses: Lloyd’s of London

A major, global cyber attack could trigger an average of $US53 billion ($68 billion) of economic losses, Lloyd’s of London said on Monday.

The figure is on par with a catastrophic natural disaster such as US Superstorm Sandy in 2012 and more than five times the cost recorded for the devastating 2011 Queensland floods. 

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‘Cyber crime is a global threat, need to have uniform law’

With the advancement in technology, the cyber crimes are also on rise, particularly against women. Morphing their pictures and uploading them on social networking sites, stalking, e-mail spoofing and harassment are some ways in which they are abused. Many times, the hackers also siphon of funds from bank accounts of gullible citizens by retrieving their passwords.

A strong legislation to deal with cyber crimes against women could curb the menace to some extent, according to Radhika Sachin Deshmukh who was recently awarded a PhD by Nagpur University for her research ‘An analytical and critical study of the legislative provisions for protection of women from cyber crimes in India’.

The Amravati resident completed her theses under guide, Ravishankar Mor who is working with Wardha’s Yashwant Mahavidyalaya. Deshmukh says over half of the cases of cyber crime are not reported as women are generally shy in nature and don’t want to put their

Read more at: http://timesofindia.indiatimes.com/city/nagpur/cyber-crime-is-a-global-threat-need-to-have-uniform-law/articleshow/59611229.cms

‘Cyber crime is a global threat, need to have uniform law’ | Nagpur …

With the advancement in technology, the cyber crimes are also on rise, particularly against women. Morphing their pictures and uploading them on social networking sites, stalking, e-mail spoofing and harassment are some ways in which they are abused. Many times, the hackers also siphon of funds from bank accounts of gullible citizens by retrieving their passwords.

A strong legislation to deal with cyber crimes against women could curb the menace to some extent, according to Radhika Sachin Deshmukh who was recently awarded a PhD by Nagpur University for her research ‘An analytical and critical study of the legislative provisions for protection of women from cyber crimes in India’.

The Amravati resident completed her theses under guide, Ravishankar Mor who is working with Wardha’s Yashwant Mahavidyalaya. Deshmukh says over half of the cases of cyber crime are not reported as women

Read more at: http://timesofindia.indiatimes.com/city/nagpur/cyber-crime-is-a-global-threat-need-to-have-uniform-law/articleshow/59611229.cms

A claims disaster looms for global cyber crime insurers

Those events did not result in meaningful insurance claims because they did not affect many companies in the US, where currently more than 90% of the cyber insurance market is located, Newman said.

Growing market

CFC underwrites approximately $100m of cyber insurance premiums, making it one of Europe’s biggest sellers of the product, and has sold the coverage since 2000.

As a Lloyd’s of London-backed managing general agent, the company underwrites on behalf of other insurers.

The global market for cyber insurance grew to about $3.4bn in premiums last year and could rise to between $8.5bn and $10bn by 2020, reinsurer Munich Re estimates. CFC’s premiums in the market climbed by more than 60% last year and Newman expects to match that this year.

“Sooner or later we, will see a billion-dollar cyber claim and the insurance market is well positioned to absorb that,” Sanford C Bernstein analyst Thomas Seidl said in London.

“Everybody has exposure

Read more at: https://www.businesslive.co.za/bd/world/europe/2017-07-07-a-claims-disaster-looms-for-global-cyber-crime-insurers/