Articles Tagged with ''cybercrime''

Economic crime is on the rise, with cybercrime affecting almost a third of global businesses, according to a survey by PwC.
 

Heartland Payment Systems announced it has worked with the Smart Card Alliance to launch the National Center for Advanced Payments and Identity Security, a new training facility hosted by the Alliance.
 

Cyberattacks will continue to menace healthcare and other business sectors next year, according to the Experian Data Breach Industry Forecast.
 

The number of cyberattacks where malware holds user data “hostage” is expected to grow in 2016 as hackers target more companies and advanced software is able to compromise more types of data.

The report commends partnerships between countries for combating cybercrime, praising public-private partnerships in particular for beginning to show tangible results in terms of fighting cybercrime, such as the partnership of 11 nations to take down a crime ring associated with the GameOver Zeus botnet in June.

JPMorgan Chase and at least four other financial institutions were hacked recently in a series of coordinated attacks, and investigators believe Russian hackers were the source of the attacks, a federal law enforcement official told USA Today.  What is less clear is whether the attacks were prompted by U.S. sanctions against the Russian government.

An industrial maintenance and construction firm in Tennessee is suing its bank to recover $327,000 in stolen funds, according to a Krebs On Security report. If the lawsuit proceeds to trial, it could be easier and cheaper for cyber attack victims to recover losses.

A new report from the Center for Strategic and International Studies (CSIS) and sponsored by McAfee, says that cybercrime costs businesses approximately $400 billion worldwide, with an impact on approximately 200,000 jobs in the U.S. and 150,000 jobs in the EU.

Acccording to the 2014 U.S. State of Cybercrime Survey, most U.S. organizations' cybersecurity capabilities do not rival the persistence and technological skills of their cyber adversaries.