cyber crime RSS

cyber attacks, cyber crime, Cyber criminals, Cyber Security, Daily News, Fraud, Fraud & Security -

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 [...]

The post Cyber attacks: A Cloud Security Report appeared first on Payments Cards & Mobile.

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cyber crime, Cyber Security, Daily News, Fraud & Security, hacking, Identity, Risk & Compliance -

I will admit that this article is not exactly about payments…however, the ramifications of the report will have significant baring on our industry if correct. One of the world’s most sophisticated hacking groups, linked to the Russian government, has been accused of hijacking vulnerable commercial satellite communications, using hidden receiving stations in Africa and the [...]

The post Russian group accused of hacking satellites appeared first on Payments Cards & Mobile.

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cyber crime, cyber risk, Cyber Security, Daily News, Fraud & Security, Identity, Risk & Compliance -

According to a new report, businesses must prepare for a new generation of cyber crime, moving beyond the established threats of data breaches, privacy issues and reputational damage to operational damage, business interruption and even potentially catastrophic losses. “As recently as 15 years ago, cyber attacks were fairly rudimentary and typically the work of hacktivists, [...]

The post Cyber crime a major risk to business appeared first on Payments Cards & Mobile.

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cyber attacks, cyber crime, Cyber criminals, Cyber Security, Daily News, Fraud & Security, Honey trap, Honey traps, ID fraud, Identity, Identity fraud, network hack -

Attackers are entering networks in a bid to find the organization’s sweet spot. What can organizations do to turn the tables? While preventive techniques are necessary, they are not always enough. Additionally, with cyber attacks, time is of essence. Honey traps are nothing new, but their use in IT security to date has been limited. [...]

The post Using honey traps to attract an attacker appeared first on Payments Cards & Mobile.

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cyber attack, cyber crime, Cyber Security, Daily News, Fraud & Security, hacking, Identity, Risk & Compliance -

After a series of high-profile hacking attacks, many companies are considering more aggressive tactics to fight back against cyber crime, including “active defence” strategies. The most controversial is “hacking back” against cyber criminals, which is against US law and, according to several bank officials, a bad idea because of the difficulty in definitively identifying culprits. [...]

The post The economics of hacking appeared first on Payments Cards & Mobile.

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