cybercrime News

Hackers Drawn to Oil and Gas Industry’s Lack of Sensors, Controls

Oil and gas companies, including some of the most celebrated industry names in the Houston area, are facing increasingly sophisticated hackers seeking to steal trade secrets and disrupt operations, according to a newspaper investigation. A stretch of the Gulf Coast …

Yahoo Password Breach Equivalent to Ecological Disaster

As investors and investigators weigh the damage of Yahoo’s massive breach to the internet icon, information security experts worry that the record-breaking haul of password data could be used to open locks up and down the web. While it’s unknown …

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 …

Hackers Selling Access to 70,000 Company Computer Systems

Cybersecurity firm Kaspersky Lab says it has uncovered an online marketplace where criminals from all over the world sell access to more than 70,000 hacked corporate and government servers for as little as $6 each. Kaspersky discovered the forum after …

Cyber Thieves Make Millions Off High Profile Data Breaches

Cyber thieves who steal credit and debit card numbers are making millions of dollars in profits, fueling a global criminal enterprise marked by the high-profile data breaches of major companies such as Target and Home Depot. Thomas J. Holt, Michigan …

AIG Offers Property Damage Coverage for Cyberattacks

A three-hour shutdown of the New York Stock Exchange on the same day that a network failure halted all United Airlines flights in the U.S. had people across the country thinking one thing: cyberattack. It wasn’t, but the July 8 …

Commentary: Is Corporate America Ready for Real Cybersecurity?

Barack Obama wants to prod corporations into addressing their cybersecurity weaknesses and he used his State of the Union speech last night to do just that. Obama also placed responsibility for inaction and any damage from future attacks on the …

Pittsburgh FBI Cybersquad to Add Agents

The FBI’s premier cybersquad has focused attention on computer-based crime in recent months by helping prosecutors charge five Chinese army intelligence officials with stealing trade secrets from major companies and by snaring a Russian-led hacking ring that pilfered $100 million …

Cybercrime Thefts Reach $445 Billion

Cybercrime remains a growth industry. That’s the main message from former U.S. intelligence officials, who in a report outlined scenarios for how $445 billion a year in trade theft due to computer hackers will worsen. They warned that financial companies, …

Business Survey Finds Cybercrime Increasing

The hackers are winning, according to a survey of 500 executives of U.S. businesses, law enforcement services and government agencies released Wednesday. The 12th annual survey of cybercrime trends found that online attackers determined to break into computers, steal information …