Cyber crime now “generates $1.5tn per year”

Cyber crime generates $1.5tn (£1.1tn) in revenue every year, according to a groundbreaking report released at RSA Conference on Friday. The research, conducted by Surrey University criminologist Michael McGuire and commissioned by security firm Bromium, reveals that if cyber crime Read More …

Ploutus.D Malware Variant Used in U.S.-based ATM Jackpotting Attacks

The United States Secret Service issued a warning on Friday to financial institutions citing “credible information” about “planned” attacks against U.S. cash machines using malware that can quickly drain ATM machines dry of cash. The warning came a day after ATM maker Diebold Read More …

CEO of Major UK-Based Cryptocurrency Exchange Kidnapped in Ukraine

Pavel Lerner, a prominent Russian blockchain expert and known managing director of one of the major crypto-exchanges EXMO, has allegedly been kidnapped by “unknown” criminals in the Ukranian capital of Kiev. According to Ukraine-based web publication Strana, Lerner, 40-year-old citizen of Read More …

MoneyTaker Cybercriminal Group Steals $10 Million from Financial Institutions

Security researchers shed light on the Russian-speaking cybercriminal group MoneyTaker, which was reported to have perpetrated cyberattacks against financial organizations in the U.S. and Russia. The group reportedly stole as much as $10 million from at least 20 card payment and inter-bank Read More …

British Police Arrest At Least 3,395 People for ‘Offensive’ Online Comments in One Year

Figures obtained by The Times through the Freedom of Information Act reveal that 3,395 people across 29 forces were arrested last under section 127 of the Communications Act 2003, which makes it illegal to intentionally “cause annoyance, inconvenience or needless Read More …