Cybercrime

March 14, 2017

The European energy sector is being targeted by advanced threat actors seeking proprietary information to advance the capabilities of domestic companies, according to FireEye Mandiant. The latest annual report by FireEye’s incident response arm further warns that cyber threat groups are also targeting European industrial control systems for potentially disruptive or destructive operations. The capability of cybercriminals ...

March 1, 2017

Cyber crime costs offshore oil and gas companies millions each year in lost business and damaged equipment, a cyber attack on critical infrastructure, such as an oil rig, can result in more than just lost revenue but it can be catastrophic for the environment and have far reaching impacts. However, cyber security on actual installations is ...

March 1, 2017

Intel Security, in partnership with the Center for Strategic and International Studies (CSIS), today released “Tilting the Playing Field: How Misaligned Incentives Work Against Cybersecurity,” a global report and survey revealing three categories of misaligned incentives: corporate structures versus the free flow of criminal enterprises; strategy versus implementation; and senior executives versus those in implementation ...

February 27, 2017

Bakers are not immune from the hacking epidemic spreading across Europe, a top insurer has warned. Hiscox boss Bronek Masojada said small businesses faced just as much risk as large ones from cyber crime – but many did not have the resources to combat it. He said that in one case, a German bakery was targeted by ...

February 26, 2017

Treason charges brought in December against two Russian state security officers and a cyber-security expert in Moscow relate to allegations made by a Russian businessman seven years ago, according to the businessman and a source connected with the investigation. They said the arrests concern allegations that the suspects passed secrets to U.S. firm Verisign and other ...

February 23, 2017

One of the strange features of cybercrime is how much of it is public. A quick search will turn up forums and sites where stolen goods, credit cards and data are openly traded. But a glance into those places may not give you much idea about what is going on. “Everyone can join as long as you speak ...

February 20, 2017

TeamSpy is back and it’s turning TeamViewer into the spying tool that no one wants. According to security firm Heimdal, a new spam campaign emerged over the weekend, carrying the TeamSpy malware which can give hackers full access to a compromised computer. This isn’t a new type of malware whatsoever. In fact, back in 2013, it was ...

January 30, 2017

Europol and the Global Cyber Alliance (GCA) have signed a Memorandum of Understanding (MoU) to cooperate on decreasing systemic cyber-risk and improving internet security throughout Europe and beyond. As part of the MoU, Europol and GCA will fight cyber-crime through the exchange of information on cyber-crime trends and joint international projects to increase cyber-security. To this end, ...

January 14, 2017

British firms were each subjected to an average of almost 230,000 cyber attacks in 2016, according to analysis from business internet service provider Beaming. The average volume of attacks hitting individual company firewalls passed the 1,000 per day mark for the first time in November. Meanwhile, the Payment Card Industry Security Standards Council suggested that UK firms ...

January 10, 2017

Security company FireEye detected a new wave of attacks aimed at Netflix users, with cybercriminals now turning to phishing schemes in order to steal their personal information, including credit card data, social security numbers, and other details. Although it seems that the attacks have been suspended, Netflix users in the United States should always keep an ...