Tag Archives: government

Government issues antivirus national security warning amid Russian cyber security fears

Government departments have been told not to use antivirus software made by technology  firms linked to Russia amid concerns for national security and state secrets.

In a letter to Whitehall chiefs, Ciaran Martin, head of the National Cyber Security Centre (NCSC), said Russia could use antivirus software to “target UK central Government and the UK’s critical national infrastructure”.

The move prompted Barclays to email 290,000 customers  to announce that it was no longer offering free antivirus products made by Kaspersky Lab, the largest Russian antivirus company operating in the UK, to new customers.

The bank said the move was a “precautionary measure” and advised those with the software already installed to take “no action” as there was nothing to suggest there was any need to stop using the product.

Mr Martin’s warning said that there were “obvious risks around foreign ownership” of companies that produce antivirus programs for Whitehall departments.

Describing

Read more at: http://www.telegraph.co.uk/news/2017/12/02/cybersecurity-chief-issues-antivirus-national-security-warning/

Top fraud risk area is not cyber crime or money laundering, but misspending government money

Misspending government funding tops the list of current fraud risk areas, ahead of cyber crime and money laundering, according to accountancy firm Moore Stephens and the Chartered Institute of Public Finance and Accountancy (CIPFA).

Almost half of accountants surveyed by Moore Stephens and CIPFA said grant fraud – where an individual, business or charity applies for

Read more at: http://www.cityam.com/275448/top-fraud-risk-area-not-cyber-crime-money-laundering-but

UK Government Report: Digital Currencies Pose a Threat in…Cybercrime

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A new U.K. government report has found that there is a threat posed by digital currencies in cybercrime.

The report, National Risk Assessment of Money Laundering and Terrorist Financing 2017, highlights the governments concerns about the role cryptocurrencies such as bitcoin play in cybercrime.

The report refers to a 2015 NRA, which assessed that the risk of digital currencies linked to money laundering and terrorist financing was low. It adds:

However, the link between digital currencies and cyber-enabled crime
means that this risk is likely to increase.

In 2015, the vulnerabilities identified largely focused on the cross-border exposure and anonymity of cryptocurrencies, in addition to a lack of a regulated environment. This latest report finds that use of digital currencies for money laundering activities appears to be relatively low. Evidence suggests that they are being used

Read more at: https://www.cryptocoinsnews.com/uk-government-report-digital-currencies-pose-a-threat-in-cybercrime/

UK Government Report: Digital Currencies Pose a Threat in …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month.

A new U.K. government report has found that there is a threat posed by digital currencies in cybercrime.

The report, National Risk Assessment of Money Laundering and Terrorist Financing 2017, highlights the governments concerns about the role cryptocurrencies such as bitcoin play in cybercrime.

The report refers to a 2015 NRA, which assessed that the risk of digital currencies linked to money laundering and terrorist financing was low. It adds:

However, the link between digital currencies and cyber-enabled crime
means that this risk is likely to increase.

In 2015, the vulnerabilities identified largely focused on the cross-border exposure and anonymity of cryptocurrencies, in addition to a lack of a regulated environment. This latest report finds that use of digital currencies for money laundering activities appears to be relatively low. Evidence suggests that they are being used

Read more at: https://www.cryptocoinsnews.com/uk-government-report-digital-currencies-pose-a-threat-in-cybercrime/

UK government report highlights threat posed by digital currencies in cyber crime

Digital currencies play a vital role in laundering the proceeds of cyber-dependent crime, directly facilitating cyber criminal financial flows, according to a report entitled “National risk assessment of money laundering and terrorist financing 2017”.

Read more at: https://financefeeds.com/uk-government-report-highlights-threat-posed-digital-currencies-cyber-crime/?src=ilaw

UK government report highlights threat posed by digital currencies …

Digital currencies play a vital role in laundering the proceeds of cyber-dependent crime, directly facilitating cyber criminal financial flows, according to a report entitled “National risk assessment of money laundering and terrorist financing 2017”.

Read more at: https://financefeeds.com/uk-government-report-highlights-threat-posed-digital-currencies-cyber-crime/?src=ilaw

Government To Equip Security Agencies To Fight Cyber-crime

Government To Equip Security Agencies To Fight Cyber-crime

President Nana Addo Dankwa Akufo-Addo has declared plans by the government to roll out some policies which will see to the equipping of the country’s law enforcement agencies, and the training of crime officers to enable them address issues of cyber-crime.

The President, speaking at the opening of the National Cyber-Security Week, and the inauguration of the National Cyber-Security Inter-Ministerial Advisory Council on Monday, mentioned the training of all involved in the arrest and prosecution of criminals as high on his government’s agenda.

“Criminal justice response to cyber-crime is another area of importance. Training for our judges, prosecutors and investigators, especially on cyber-crime legislation and enforcement provisions, is a priority for government. We will enforce existing legislation as we seek to review and update it if necessary,” he said.

President Akufo-Addo, attributing the decision to the changing face of crime globally, also

Read more at: https://www.modernghana.com/news/811625/government-to-equip-security-agencies-to-fight-cyber-crime.html

Australian Government Discloses Breach of Defense Supplier’s Computer

 

According to the Australian government, hackers infiltrated certain defense contractor’s PC in 2016. Before launching the yearly threat report of the Australian Cyber Security Center scheduled for October 10, Dan Tehan Assistant Minister for Cyber Security couldn’t confirm the individual’s name behind the hack.

 

Managing to reach the Information Technology network, the intruders remained there for long as they stole vast volumes of data belonging to the defense supplier. When in November 2016, the Australian Cyber Security Center of the federal government became aware of the incident it assisted in halting the attack.

 

Tehan explained that the hacker could be a state-sponsored online thief or a normal cyber-criminal, either way the individual’s behavior prompted serious action. The minister said nothing could be fully confirmed, a usual hazard in this field of cyber-crime. He couldn’t also state the length of time the intruders stayed on the computer. However, according to him, the IT

Read more at: http://www.spamfighter.com/News-21173-Australian-Government-Discloses-Breach-of-Defense-Suppliers-Computer.htm

Government plans norms for e-wallet firms to prevent online frauds

NEW DELHI: Mindful of the heightened risk of cyber fraud on account of growth in digital transactions post-demonetisation, the Centre is contemplating a standard protocol for e-wallet companies on how to prevent and fight online financial fraud. The finance ministry has also been asked to look at a possible Digital Payments Act to regulate the entire gamut of e-payments.

The measures to tighten the anti-cyber fraud regime were reviewed at a high-level meeting chaired by home minister Rajnath Singh here on Tuesday. The meeting analysed the trends relating to online financial transactions, which as per RBI data grew from 255 crore in 2013-14 to 998 crore in 2016-17 and are expected to rise further to 2,500 crore in 2017-18, and discussed how to handle the higher risk of cyber fraud in view of fast-expanding digital payment regime.

Read more at: http://timesofindia.indiatimes.com/india/government-plans-norms-for-e-wallet-firms-to-prevent-online-frauds/articleshow/60772768.cms

cyber crime: Government plans norms for e-wallet firms to prevent …

NEW DELHI: Mindful of the heightened risk of cyber fraud on account of growth in digital transactions post-demonetisation, the Centre is contemplating a standard protocol for e-wallet companies on how to prevent and fight online financial fraud. The finance ministry has also been asked to look at a possible Digital Payments Act to regulate the entire gamut of e-payments.

The measures to tighten the anti-cyber fraud regime were reviewed at a high-level meeting chaired by home minister Rajnath Singh here on Tuesday. The meeting analysed the trends relating to online financial transactions, which as per RBI data grew from 255 crore in 2013-14 to 998 crore in 2016-17 and are expected to rise further to 2,500 crore in 2017-18, and discussed how to handle the higher risk of cyber fraud in view of fast-expanding digital payment regime.

According

Read more at: http://timesofindia.indiatimes.com/india/government-plans-norms-for-e-wallet-firms-to-prevent-online-frauds/articleshow/60772768.cms