Tag: Cybercrime

Cyberattacks could cost trillions globally

Hackers target West African financial sector — Tim Cook makes privacy recommendations — It’s the money issue of MC, starting with a prediction that cyberattacks will cost companies worldwide $5.2 trillion over the next five years. An Accenture study anticipates the …

Courts Hand Down Hard Jail Time for DDoS

Seldom do people responsible for launching crippling cyberattacks face justice, but increasingly courts around the world are making examples of the few who do get busted for such crimes. On Friday, a 34-year-old Connecticut man received a whopping 10-year prison …

Some 10% of user-reported emails malicious

Anti-phishing firm Cofense analyses more than 3,000 reported emails every day, with more than 10% found to be malicious across key industries. That 10%, which was nearer 20% in the legal and utilities sectors, has bypassed other security solutions such as email gateways …

How NATO Defends Against the Cyberattacks

“OOPS, YOUR FILES have been encrypted!” This was the chilling message that greeted hundreds of thousands of computer users last summer. The WannaCry ransomwareattack brought production to a standstill at Renault factories across France, put lives at risk by attacking hospitals in the …

Cyber attackers exploiting trust in FTP servers

Some cyber attackers are exploiting trust in FTP servers to distribute malware, security researchers warn. A short-lived email campaign distributing a variant of the Dridex banking Trojan indicates that cyber criminals are using compromised FTP sites to download malicious documents. Using FTP sites instead …

Kaspersky lab threat predictions for 2018

In 2017, sophisticated threat actors continued to make the headlines with audacious politically motivated attacks and thefts. But this year, such events had to share the media limelight with a different kind of threat, targeting businesses of all sizes and …