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Analysis of the SWIFT malware threat
In February 2016 one of the largest cyber heists was committed and subsequently disclosed. An unknown attacker gained access to the Bangladesh Bank (BB) using SWIFT malware. The BB SWIFT payment system reportedly instructed an American bank to transfer money from BB’s account to accounts in The Philippines. The attackers attempted to steal $951m, of [...]
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Global Security Report 2016
Global Security Report – Cybercrime is big business. We hear it so often that the words threaten to lose their impact. But the details still have the capacity to shock. In last year’s report, Trustwave demonstrated how attackers launching a malware infection campaign could expect to earn a breathtaking $84,100 in profit from an initial investment [...]
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Monitoring behaviour can unmask fraudsters
Thieves and fraudsters want to get their hands on our cash and data. And these days they can attack us from all corners of the globe. Financial fraud losses totalled £755m in the UK last year. Worldwide, the figure runs into billions – according to a report on the BBC. But there’s no one security [...]
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2016 Internet Security Threat Report
Symantec has released its 2016 Internet Security Threat Report in which it suggests more than 500 million digital identities were stolen or exposed in 2015. In addition, it said, fake technical support scams rose by 200% and crypto-based ransomware attacks grew by 35%. Hackers also made more use of unknown software bugs to make sure [...]
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Security Hacks and privacy are retailers’ responsibility
Interactions has released its latest Retail Perceptions report, “Security Hacks and the Lasting Impact on Retailers.” The study found that 64% of shoppers have accepted security breaches to be part of the shopping process and 53% say that security breaches are a risk they’re willing to take in exchange for convenience. Ultimately 75% of shoppers believe that keeping shopper [...]
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