Tag Archives: threat

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/

Cyber crime a big threat, say conveyancers (but they haven’t done much about it)

Almost six in ten property law firms say that cyber crime poses a big threat when handling property transactions – but only a minority have done much about it.

A total of 58% ‘strongly agree’ that cyber security is a concern at their own organisation, but just 13% have spent much time and money making their communications safer.

The ‘Friday afternoon’ fraud in which people moving house are tricked into transferring their deposit to the bank accounts of fraudsters, has become one of the most significant of all cyber crimes.

One buyer, Howard Mollett, had £67,000 stolen after cyber criminals intercepted emails between him and his conveyancing solicitor.

Mollett claims that his solicitor had not warned him about the risk.

In January, the High Court ruled that law firm Mishcon de Reya should hand over more than £1m after a client was conned into ‘buying’ a property from a tenant pretending to be the owner.

Mishcon

Read more at: http://www.propertyindustryeye.com/cyber-crime-a-big-threat-say-conveyancers-but-they-havent-done-much-about-it/

Fringe-goers vulnerable to ‘growing cyber crime threat’, expert warns

A leading lawyer is warning Edinburgh Festival Fringe attendees to beware of the “growing risk of cyber crime” at the event.

Paul Motion, a data-protection specialist and partner at the Glasgow-based BTO Solicitors, has said that due to shared Wi-Fi networks, workers and festival-goers in Edinburgh are particularly vulnerable to having their data stolen.

He said: “Cyber crime continues to be an ever-increasing threat to workers and festival-goers alike. An event that is hugely popular like the fringe offers cyber crooks an abundance of opportunities to obtain data and money from both vendors and customers.

“Due to the nature of the festival, vendors are usually set up in temporary bars, stalls, box offices and venues with limited IT security, which can compromise the safety of transactions.”

Motion said that not only do vendors face financial loss to themselves, they also face damage to their reputation if customers are targeted.

He added: “The convenience of free

Read more at: https://www.thestage.co.uk/news/2017/fringe-goers-vulnerable-growing-cyber-crime-threat-expert-warns/

Fringe-goers vulnerable to ‘growing cyber crime threat’, expert warns …

A leading lawyer is warning Edinburgh Festival Fringe attendees to beware of the “growing risk of cyber crime” at the event.

Paul Motion, a data-protection specialist and partner at the Glasgow-based BTO Solicitors, has said that due to shared Wi-Fi networks, workers and festival-goers in Edinburgh are particularly vulnerable to having their data stolen.

He said: “Cyber crime continues to be an ever-increasing threat to workers and festival-goers alike. An event that is hugely popular like the fringe offers cyber crooks an abundance of opportunities to obtain data and money from both vendors and customers.

“Due to the nature of the festival, vendors are usually set up in temporary bars, stalls, box offices and venues with limited IT security, which can compromise the safety of transactions.”

Motion said that not only do vendors face financial loss to themselves, they also face damage to their reputation if customers are targeted.

He added: “The convenience of free

Read more at: https://www.thestage.co.uk/news/2017/fringe-goers-vulnerable-growing-cyber-crime-threat-expert-warns/

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/

Threat hunting becomes critical to defeating cyber crime

Threat

Security company McAfee is using this week’s Black Hat conference to release a new report examining the role of cyber threat hunting and the evolution of the security operations center (SOC).

Among its findings are that on average, 71 percent of the most advanced SOCs closed incident investigations in less than a week and 37 percent closed threat investigations in less than 24 hours.

Novice threat hunters only determine the cause of 20 percent of attacks, compared to leading hunters who are able to verify 90 percent. Threat hunters in more mature SOCs spend 50 percent more time on actual threat hunting, partly because these teams are two times more likely to automate parts of the attack investigation process.

“Organizations must design a plan knowing they will be attacked by cybercriminals,” says Raja Patel, vice president and general manager of corporate security

Read more at: https://betanews.com/2017/07/26/threat-hunting-cyber-crime/

Cyber-terrorism: the next logical threat to come from IS

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History demonstrates that terrorism, like any other entity, is constantly evolving, with earlier groups such as the IRA and Basque separatists ETA notorious for their breadth of tactics.

Scholars agree that prior to its recent territorial setbacks, including ejection from Mosul, one of the reasons IS had managed to successfully preside over such a vast swathe of land was because of its unique blend of a combination of guerrilla, infantry and organised crime tactics.

As IS looses territory in the Middle East we have seen an upsurge in IS attacks focussing on softer and less protected targets in the West, such bars and bridges; the flexibility the organisation has demonstrated in the past suggest it is unlikely to ignore cyber for long and several prominent terrorism authorities argue “It is no longer a matter of if cyber-terror will emerge, but when”.  States have demonstrated that they can bring down power stations

Read more at: https://www.scmagazine.com/network-security/cyber-terrorism-the-next-logical-threat-to-come-from-is/article/676298/

Cyber crime: A bigger threat than terrorism? – Legal Cheek

Cyber attacks given same UK security threat ranking as earthquakes

According to the 2011-16 UK National Security Strategy, cyber attacks now constitute a ‘tier one’ threat to UK national security.

This puts cyber warfare — that is, deliberate acts of destruction and violence committed against the state via cyber networks — on the same level with international terrorism, inter-state military action, and natural hazards such as earthquakes and mass flooding. In the first quarter of 2017 alone, over a hundred cyber attacks on both public and private institutions worldwide have been reported. This is not to mention the repeated claims by Western governments — including the USA and Italy — that the Russian state has conducted or sponsored hacking of government data.

International law has been slow to catch up. The official response has been to treat cyber attacks as traditional

Read more at: https://www.legalcheek.com/lc-journal-posts/cyber-crime-a-bigger-threat-than-terrorism/

Cyber crime: A bigger threat than terrorism?

Cyber attacks given same UK security threat ranking as earthquakes

According to the 2011-16 UK National Security Strategy, cyber attacks now constitute a ‘tier one’ threat to UK national security.

This puts cyber warfare — that is, deliberate acts of destruction and violence committed against the state via cyber networks — on the same level with international terrorism, inter-state military action, and natural hazards such as earthquakes and mass flooding. In the first quarter of 2017 alone, over a hundred cyber attacks on both public and private institutions worldwide have been reported. This is not to mention the repeated claims by Western governments — including the USA and Italy — that the Russian state has conducted or sponsored hacking of government data.

International law has been slow to catch up. The official response has been to treat cyber attacks as traditional

Read more at: https://www.legalcheek.com/lc-journal-posts/cyber-crime-a-bigger-threat-than-terrorism/