Cybercrime | Cyber Criminals Most Wanted

New figures reveal extent of Cybercrime in UK

The University oF Kent in the UK has revealed new figures to show the extent to which Cybercrime affects people in the UK.

Nearly one in five people have had their online accounts hacked with some people losing more than £10,000 ($15000) due to criminal activity.

The findings are part of a Survey on Cyber Security, which revealed that despite the minority being affected by online crime, those that were suffered considerable losses.

Dr Julio Hernandez-Castro, from the Centre for Cyber Security, said:

“These up-to-date survey results on how cybercrime is affecting British citizens will undermine some misconceptions and make it easier to understand […]

By cyber|August 26th, 2013|Cyber News|0 Comments

Cybercrime Productivity Tools

Stealing ten million dollars a few hundred dollars at a time used to be too labor-intensive to be a great business. Not anymore. The Internet and advances in semiconductor technology are revolutionizing theft and fraud. Thieves can now steal tens of millions of dollars at very high profit margins from low-value targets–at very low cost to themselves.

The recent indictment of a global hacker ring by federal prosecutors is a harbinger of cybercrime’s future. The ring stole 160 million credit card numbers and sold the data for about $10 per USA card. The same group stole information on 800,000 bank accounts. […]

By cyber|August 26th, 2013|Uncategorized|0 Comments

Ex-Soviet Hackers Play Outsized Role in Cyber Crime World

(Reuters) – If you want to hack a phone, order a cyber attack on a competitor’s website or buy a Trojan program to steal banking information, look no further than the former Soviet Union.

The breadth and sophistication of services sold on Russian-language websites such as Forum.zloy.bz or Forum.evil offer a small window onto a Russian criminal underground that is costing Western firms billions of dollars in credit card and online banking fraud as well as “phishing” attempts to lure people into downloading malware or disclosing passwords.

“If you look at the quantity of malware attacks, the leaders are China, Latin America […]

By cyber|August 23rd, 2013|Cyber News|0 Comments

McAfee Threats Report: Second Quarter 2013

SANTA CLARA, Calif., Aug 21, 2013 (BUSINESS WIRE) — McAfee Labs today released the McAfee Threats Report: Second Quarter 2013, which found that Android-based malware achieved a 35 percent growth rate not seen since early 2012. This rebound was marked by the continued proliferation of SMS-stealing banking malware, fraudulent dating and entertainment apps, weaponized legitimate apps and malicious apps posing as useful tools. McAfee Labs registered twice as many new ransomware samples in Q2 as in Q1, raising the 2013 ransomware count higher than the total found in all previous periods combined.

By cyber|August 22nd, 2013|Cyber News|0 Comments

FBI Cyber Team claims victory over Anonymous

The notorious hacktivist group Anonymous has been essentially neutralized according to the FBI, which cited a series of arrests as putting a damper on the group’s influence.

The FBI believes that the identification and subsequent arrests last year of five members of “Lulz Security” – described as a powerful player within the largely amorphous Anonymous collective – have acted as a “huge deterrent effect,” according to Austin P. Berglas, the assistant special agent in charge of the bureau’s cyber division in New York.

All five members of Lulz Security, which was at least at the time considered one of the most legitimate […]

By cyber|August 22nd, 2013|Cyber News|0 Comments

Ukrainian Fraudster in $5 Million Cyber Scam Sentenced in New York

WASHINGTON, August 9 (RIA Novosti) – A Ukrainian man labeled by US authorities as “one of the premier vendors of stolen credit card data in the world” has been sentenced to a maximum of 40 years in prison, the New York County District Attorney’s Office announced in a statement this week.

Egor Shevelev, 27, was convicted along with two other defendants in June, after a ten-week trial, of participating in an international cybercrime ring between 2004 and 2007. Jurors found he and his associates stole and then sold more than 95,000 credit card numbers, resulting in $5 million in credit card […]

By cyber|August 10th, 2013|Uncategorized|0 Comments

The Cyber Criminal Underground

How Cyber Criminals are getting better at stealing your money!

Excellent Infographic by Trend Micro

By cyber|August 9th, 2013|Uncategorized|0 Comments

The Cybercrime of Things

Once everything in your house contains a computer, everything in your house can be hacked.

Recent work by security researchers indicates that one of the problems with having a “smart” home is that some day, it might be smart enough to attack you. The essence of the forthcoming “internet of things” is that everything we own, from our refrigerators and egg cartons to our cars and thermostats, will some day be outfitted with internet-connected sensors and control systems, allowing all our possessions, and ultimately all of our civic infrastructure, to communicate with each other and be controlled remotely.

The potential security implications […]

By cyber|August 7th, 2013|Uncategorized|0 Comments

Cybercrime outpaces the growth of ecommerce

Cybercrime grew faster than ecommerce last year, according to a new study.

Martec’s new Retail Fraud Survey found that while ecommerce grew by 16% in 2012, cybercrime was up by 23%.

Despite this growth, says the report, which questioned 100 leading UK retailers, retailers aren’t taking fraud as seriously as they should, and as a result smaller retailers have paid seven times more than they should in chargeback fees.

The study found a disjointed approach to fraud prevention, with the responsibility for this area typically in the hands of more than three or four people across a retail business. Some 22% of respondents […]

By cyber|July 29th, 2013|Uncategorized|0 Comments