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Cyber Security

Cyber Security: Experian Poll Suggests that Spain’s Businesses are Not Adequately Protected Against CyberFraud.

An Experian poll of senior managers in leading Spanish businesses reveals that 60 per cent of large Spanish organizations are not adequately prepared to deal with evolving cyberfrauds. The poll, which was conducted among 150 senior managers, revealed that a strategy resilient enough to proactively manage fraud and protect those organizations against hackers, fraudsters and identity thieves, was yet to ... Read More »

Intelligence Agencies in Technological Race with Terrorists and Criminals

Britain’s intelligence agencies are engaged in a “technology arms race” with terrorists, cybercriminals and other “malicious actors” bent on causing the country harm, the head of MI6 has warned. Alex Younger said the agencies were facing opponents “unconstrained by consideration of ethics and law” who were exploiting Internet technology to put lives at risk. In his first public comments since ... Read More »

Metadata May Kill Your Privacy

The UK government inquiry into whether it conducts mass surveillance and the legality of such an effort has recommended tighter controls on access to communications metadata. The inquiry finds that mass surveillance capabilities exist in the UK, but are used appropriately. The inquiry also rejects use of the term “metadata”, which it feels is not helpful because it is too ... Read More »

FICO Brings Self-Learning Analytics to Cyber Security

FICO leverages its patented fraud detection and streaming analytic technologies to detect cyber security threats as they occur FICO (NYSE: FICO) announced the availability of the FICO® Cyber Security Analytics solution. This solution leverages decades of research in streaming analytics technologies, as well as new advances in self-learning models, to detect emerging and evolving cyber threats in real time. “As ... Read More »

Cybercrime and the Value of Personal Data

Put simply, the underground economy is a collection of forums, chat rooms and custom-made websites that are all designed to facilitate, streamline and industrialize cybercrime.  It’s within these communities that cybercriminals gather to trade tools, services and victims’ credentials.  There are various ways to obtain credentials.  Some options are Phishing attacks, Trojan Horses and hacking into an online company database. ... Read More »

Are Cyber War & Cyber Terrorism Insurable?

The frequency of cyber war and terrorism is no longer the risk. The magnitude of the potential damages is the real threat.  Can one obtain  insurance? It’s conceivable that an enemy of the US government could hack a US energy, water, or fuel distribution system causing loss of life, severe physical damage to property, or insurmountable financial damage to a ... Read More »

Are Your Board Members a Security Risk?

Thomson Reuters Survey Reveals Increased Cyber Security Risk to Boardroom Communications.  Annual corporate governance survey reveals company boards lack security structures to protect board information  Thomson Reuters surveyed more than 200 corporate and company secretaries across Europe, the Americas, Australia, Asia, Africa and the Middle East to canvass their views on some of the key challenges faced by the board ... Read More »

Ex-bankers Suspected of Business Intelligence Hack on Wall Street

A new approach to profiting from cyber-crime has seen confidential company information being syphoned from corporate communications then used to ‘game’ the US stock market, possibly by former traders.   The cyber-espionage ring – dubbed FIN4 – has been targeting individuals who have access to insider company data including executives, consultants, legal counsel and analysts for the past year, in a ... Read More »

Cyber Security:  Do You Qualify for Insurance?

Cyber Security Insurance Underwriters Demand their Clients Understand the Threat Landscape Insurance underwriters aren’t looking for companies impervious to risk. They want clients that understand the threat landscape and have demonstrated abilities to mitigate attacks. With security breaches on the rise, IT professionals spend a lot of time questioning what kinds of cyber risk their companies’ insurance policies will cover. However, as ... Read More »

Cyber Security: Huge Raid Shuts Down Over 400 Dark Net Sites

Silk Road 2.0 and 400 other sites believed to be selling illegal items including drugs and weapons have been shut down. The sites operated on the Tor network, which is a more secure software for Internet search – a system that also gives access to otherwise hard-to-reach parts of the net. The joint operation between 16 European countries and the ... Read More »