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Cyber security: The targeted attack landscape in 2016
A new cyber security report revealed new levels of ambition in 2016, a year marked by extraordinary attacks, including multi-million dollar virtual bank heists, overt attempts to disrupt the US electoral process by state-sponsored groups, and some of the biggest distributed denial of service (DDoS) attacks on record powered by a botnet of Internet of Things [...]
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Losing the cybercrime arms race – National Crime Agency
Law enforcement agencies and businesses are losing the cybercrime “arms race” with online criminals, the UK’s National Crime Agency has warned. The technical capabilities of criminal gangs are outpacing the UK’s ability to deal with their threat, the NCA added – according to the BBC. It said there were 2.46 million “cyber incidents” last year, [...]
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Companies stockpiling Bitcoin against cyber attacks
A study among UK companies reveals that many of them are building a reserve in various crypto currencies, such as Bitcoin, in order to pay off criminals in case of cyber attacks. According to the numbers crunched by Citrix and Censuswide, who polled 250 UK IT and security managers, one in three UK businesses is now creating [...]
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ECB steps up cyber attack offensive
The European Central Bank will set up a database to register incidents of cyber attack and cyber crime at commercial banks, aiming to create an early warning and analysis system for big lenders, it told German newspaper Handelsblatt last week. The ECB has been running a pilot project since February with 18 larger euro zone [...]
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Cyber attacks: A Cloud Security Report
Cyber attacks are on the rise. Companies both large and small are targeted daily by hackers seeking valuable data to monetize in the cyber underground. Recent reports show that 87% of organizations are making use of cloud infrastructure, while analysts predict spending will exceed $200 billion in 2016. This means: 1) Organizations are making use of public clouds [...]
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