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Foreign governments are suspected of launching cyber attacks on BAE Systems roughly twice a week, according to the UK defence company, which on Monday warned that internet crime was becoming increasingly sophisticated and professional. Kevin Taylor, managing director of BAE’s Applied Intelligence division, said the world’s third largest defence group by sales was fending off […]
Even the world of cybercrime is getting hit by falling prices and cheaper labor. You can now anonymously hire a cybercriminal online for as little as $6 to $10 per hour, says Rodney Joffe, senior vice president at Neustar, a cybersecurity company. via Criminals staging DDoS attacks available by hour anonymously — CNBC
The harsh reality of today’s cyberwar is nine out of 10 organizations’ defenses are already compromised by malware and malicious insiders. And federal agencies cyber-incidents are increasing at a rate of 33 percent year over year via How Agencies Can Cut Through the ‘Fog of More’ in Cybersecurity – Nextgov.com
Five out of every six large companies – those with over 2,500 employees – were targeted with spear-phishing attacks or e-mail fraud in 2014, up 40 percent on year, the report showed. Attacks on small- and medium-sized companies, which accounted for 60 percent of targeted attacks, increased 26 and 30 percent, respectively. via Global cyberattacks […]
The 2015 Internet Security Threat Report from Symantec (makers of Norton security software) released on Tuesday characterizes 2014 as a year with “far-reaching vulnerabilities, faster attacks, files held for ransom and far more malicious code than in previous years.” via Cybercriminals Had Banner Year in 2014, Symantec Report Says – NBC News.com
IBM says it has uncovered a sophisticated fraud scheme run by an Eastern European gang of cybercriminals who used a combination of phishing, malware and phone calls to steal more than $1 million from large and medium-sized U.S. companies. The scheme, which IBM security researchers have dubbed “The Dyre Wolf,” is small in comparison with […]
In a recent internal report, Citigroup’s cyberintelligence center warned employees that law firms are targets of attacks by foreign governments and hackers because they house valuable data concerning their clients’ transactions and strategies. via Citigroup: Law Firms at High Risk of Cyber-Attacks | Compliance Week