Tag Archives: spending

‘Whatever you are spending on cyber security is not enough’

“Whatever you are spending on cybersecurity is not enough,” Detective Superintendent Michael Gubbins of the Garda Cyber Crime Bureau told a conference on cyber fraud in University College Cork yesterday.

The conference, Hacking the Human: Cyber Fraud in a Digital Age, heard that cyber fraud is under-reported at both corporate and individual level, and that businesses suffered ransomware attacks such as the NotPetya virus which locks a user’s computer until a ransom is paid to the hackers responsible.

Det Supt Gubbins said few such attacks are reported to the Garda Cyber Crime Bureau.

“Someone came to me after a similar talk to this and said: ‘Actually, I know a couple of companies, they were victims of NotPetya, it’s not widely known, it cost them a lot of money and they are still trying to mediate,’ ” said Det Supt Gubbins after the event.

He said the issue is under-reported globally, and that his appearance

Read more at: http://www.irishexaminer.com/ireland/whatever-you-are-spending-on-cyber-security-is-not-enough-465698.html

‘Whatever you are spending on cyber security is not enough’ | Irish …

“Whatever you are spending on cybersecurity is not enough,” Detective Superintendent Michael Gubbins of the Garda Cyber Crime Bureau told a conference on cyber fraud in University College Cork yesterday.

The conference, Hacking the Human: Cyber Fraud in a Digital Age, heard that cyber fraud is under-reported at both corporate and individual level, and that businesses suffered ransomware attacks such as the NotPetya virus which locks a user’s computer until a ransom is paid to the hackers responsible.

Det Supt Gubbins said few such attacks are reported to the Garda Cyber Crime Bureau.

“Someone came to me after a similar talk to this and said: ‘Actually, I know a couple of companies, they were victims of NotPetya, it’s not widely known, it cost them a lot of money and they are still trying to mediate,’ ” said Det Supt Gubbins after the event.

He said the issue is under-reported globally, and that his appearance

Read more at: http://www.irishexaminer.com/ireland/whatever-you-are-spending-on-cyber-security-is-not-enough-465698.html

Security Summit 2017: You must understand the threats you’re facing before spending money to counter them

Cyber security is just as important for SMEs as it is for multinational firms, but many small businesses think that they lack the budget for defences – making them low-hanging fruit for attackers. Strong protection doesn’t have to cost, though; it’s all about understanding the avenues of threat.

Nick Ioannou is the head of IT at Ratcliffe Groves Partnership: a small firm employing around 40 people, with 50 endpoints, but clients including Sainsbury’s, BAE Systems and Aldi. He told attendees of Computing’s Enterprise Security and Risk Management Summit that the first step in protection is to take a step back and ask: how do the criminals make money?

The most dangerous form of criminal activity is unauthorised use of company assets such as PCs; they can then be used in a botnet, or for cryptocurrency mining. Importantly, access to company assets allows attackers to move laterally

Read more at: https://www.computing.co.uk/ctg/news/3022058/security-summit-2017-you-must-understand-the-threats-youre-facing-before-spending-money-to-counter-them

Franklin County spending $200000 for insurance against cyber attacks

Fearful of a hacker breaking into its computer system, Franklin County is doing something experts say is a government trend.

It’s buying cyber insurance.

“It’s a ‘belt and suspenders’ approach in this world we live in,” county Administrator Kenneth Wilson said of extra layers of security to protect information.

Franklin County’s Data Center currently spends $3 million annually on cyber security protecting the information that it keeps. Much of that is personal information of private citizens — home addresses, dates of birth, Social Security numbers, taxes paid or owed, home value, etc. — that could be used to attempt to steal personal identities.

Commissioners are expected to approve a resolution on Tuesday to spend $200,000 to get $10 million in cyber insurance. 

The insurance has two goals: It works to improve internal security to minimize any damage that could be done by a hacker and, if

Read more at: http://www.dispatch.com/news/20170714/franklin-county-spending-200000-for-insurance-against-cyber-attacks

Sick pervert Martin Shepherd caged after spending 14 years collecting over 748000 pictures of babies and children

A HOSPITAL IT worker found with 748,000 paedophile images stayed under the radar for 14 years, a court heard.

Martin Shepherd, 45, trawled the dark web from May 2002 until his arrest in June 2016 after he let down his guard.

Martin Shepherd

Martin Shepherd  been handed a five-year sentence for having 748,000 sexual images of babies and children

His images included serious sexual abuse of 12-month-old babies and youngsters drugged or plied with alcohol.

Shepherd, described as a loner, was finally caught after national cyber-crime detectives traced illegal downloads to his computer IP address.

Police found he had a “massive library collection” of photos and videos, featuring serious sexual abuse of “very young” children including 12-month-old babies and youngsters who had been drugged or plied with alcohol.

Harrogate Hospital

Shepherd was an IT worker at Harrogate Hospital, and used

Read more at: https://www.thesun.co.uk/news/2547305/sick-paedo-handed-five-year-sentence-after-collecting-nearly-750000-explicit-shots-of-kids-and-babies-as-young-as-12-months/