cyber crime News

Jury Convicts 2 Romanians in Malware Scheme that Infected 400,000 Computers

A federal jury on Thursday convicted two Bucharest, Romania, residents of 21 counts related to their scheme to infect victim computers with malware in order to steal credit card and other information to sell on dark market websites, mine cryptocurrency …

Data Breach Fatigue Detrimental to Cybercrime Prevention

If you shop online or swipe a credit or debit card when out to eat, you’ve likely received a notice your personal information was compromised in a data breach. And if you’re like most consumers, chances are you did nothing …

Allaying Consumer Concern Over Cyber Risk

Consumers continue to report concern during online transactions and social media use but don’t always maintain safeguards to protect themselves, according to Prashant Pai, vice president of cyber offerings strategy at Verisk Analytics. In a recent interview with Claims Journal, …

Ransomware and Cyber Extortion Are on the Rise – What Can Be Done?

Ransomware is evolving from a relatively low-dollar extortion racket, into a more sophisticated, more expensive, and more prevalent major criminal activity. Hardly a day goes by anymore without ransomware or cyber extortion making the news. A seeming turning point in …

Small, Medium Businesses Fear Loss of Customer Data, Reputational Damage From Cyber Attack

Small and medium-sized enterprises (SMEs) around the world are making greater use of the internet and are therefore becoming more exposed to potential cyber risks threats. Zurich’s survey reveals: SMEs’ greatest fear is loss of customer data and damage to …

The True Story of Malware’s Birth and its Effect on Cybercrime

In any global outbreak, it’s important to identify Patient Zero. In the movies, you get a leggy Gwyneth Paltrow. In the nine-year online epidemic that helped create cybercrime as we know it, you get “fliime.” That was the name used …

Greater Cooperation Among Public, Private Entities Urged to Fight Cybercrime

Attorney General Loretta Lynch urged greater cooperation between the government and private industry to combat computer hackers, a key component of a new cyberattack playbook released by the Justice Department. Speaking to a gathering of government and industry leaders in …

Federal Agency Warns Against Common Internet Fraud Scams

Cyber criminals are coming up with more and more sophisticated ways to steal your identity, your personal information and your money. To help protect yourself against these threats, here is a list of the top internet frauds from the Federal …

Cyber Crime, Data Theft Among Top Concerns For Tax Professionals

Handling sensitive consumer data such as social security numbers and bank account information is a core part of a tax professional’s job, yet many feel inadequately protected from cyber crime-related risks, according to a recent poll of National Association of …