Tag Archives: institutions

Cyber crime, occultism rising in tertiary institutions

The use of the internet for extortion, dating scams, and other social vices by students is engaging the attention of authorities at tertiary institutions.

The principal of University of Education College of Agriculture Education says the situation is getting out of hand.

Reverend Professor Anthony Afful-Broni was speaking at the matriculation of the college at Asante-Mampong.

He wants students to explore the positive side of Information and Communication Technology for addressing challenges confronting communities.

“We want them [lecturers] not only teach [students] how to read and write but teach them discipline and morality because if they themselves are able to be people of morality and good character they will influence and more effectively teach and train and influence the youth and adult of our society and this will be a very great contribution to nation building from our universities”.

Reverend Professor Afful-Broni also cautions students against occultism, promiscuity, and negative peer influences at

Read more at: https://www.myjoyonline.com/news/2017/August-12th/cyber-crime-occultism-rising-in-tertiary-institutions.php

Cyber crime, occultism rising in tertiary institutions – MyJoyOnline.com

The use of the internet for extortion, dating scams, and other social vices by students is engaging the attention of authorities at tertiary institutions.

The principal of University of Education College of Agriculture Education says the situation is getting out of hand.

Reverend Professor Anthony Afful-Broni was speaking at the matriculation of the college at Asante-Mampong.

He wants students to explore the positive side of Information and Communication Technology for addressing challenges confronting communities.

“We want them [lecturers] not only teach [students] how to read and write but teach them discipline and morality because if they themselves are able to be people of morality and good character they will influence and more effectively teach and train and influence the youth and adult of our society and this will be a very great contribution to nation building from our universities”.

Reverend Professor Afful-Broni also cautions students against occultism, promiscuity, and negative peer influences at

Read more at: https://www.myjoyonline.com/news/2017/August-12th/cyber-crime-occultism-rising-in-tertiary-institutions.php

Cyber criminal threats are greatest for financial institutions, reveals report

As the WannaCry ransomware attacks recently made the headlines research has revealed that threats against financial groups are actually 2.5 times more prevalent, US-based software company Symantec has said.

While ransomware is common for cyber criminals, there is still a considerable amount of malware targeting financial organisations and their customers: as 2016 saw attacks at several such institutions lose millions to cyber criminals, Symantec research revealed.

Attacks against financial institutions are on the rise, with the growth of cyber crime groups going after financial institutions themselves rather than customers last year.

Researchers found that 38% of all financial threat detections were against corporations rather than consumers. Even though such attacks are harder to carry out and take longer to prepare, they yield a much higher

Read more at: http://www.softwaretestingnews.co.uk/cyber-criminal-threats-greatest-financial-institutions-reveals-report/

FinCEN Issues New Advisory to Financial Institutions Regarding Reporting of Cyber-Events

The Financial Crimes Enforcement Network (“FinCEN”) of the U.S. Department of Treasury issued Advisory No. FIN-2016-A005 on October 25, 2016, which provided guidance to financial institutions as to their obligations in the context of cyber-security. The content of the Advisory is discussed below.

Duty to Report Cyber-events through SARs

Under the Bank Secrecy Act, financial institutions are required to report suspicious activity through Suspicious Activity Reports (“SARs”). “Cyber-events,” defined as an attempt to compromise or gain unauthorized electronic access to electronic systems, services, resources, or information,” often target financial institutions and can serve as a means to commit crimes such as fraud or money laundering.

Whether the act is completed or merely attempted, a financial institution must report any activity that is deemed suspicious and involves more than $5,000.00 in funds or other assets. For instance, in a malware intrusion where the hacker gains access to a bank’s systems and information regarding customer

Read more at: http://www.lexology.com/library/detail.aspx?g=1489fac8-981a-41fa-b1d0-440ca1c757a2