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CBSNews: The former head of the Mossad, Israel's intelligence service, warned in a recent interview that the low cost and relative ease for states and non-state actors to conduct cyberattacks pose among the gravest security threats in the world. Tamir Pardo, who spent more than three decades in the intelligence service before being tapped to lead it from 2011 to 2016, also told Intelligence Matters host and CBS News senior national security contributor Michael Morell that Washington may be ill-prepared to respond to a large-scale cyber attack on infrastructure or other critical targets...
Read more...ComputerWeekly: Danske Bank has rolled out a Technical Support Initiative (TSI) to help its small to medium-sized enterprise (SME) customers in Denmark reinforce their IT systems and infrastructure defences against increasing cyber attacks. The TSI is guided by a 12-month research project, conducted in-house by the bank, which revealed that around 27% of Danish SMEs had experienced cyber attacks in recent years...
Read more...UsNews: In an age where cybersecurity threats are an increasing worry, the European Council is pushing a plan to better respond to cyberthreats. The Council adopted on May 17 a framework for targeted sanctions in order to respond to and deter cyberattacks on the European Union and its member states...
Read more...Cointelegraph: The French stock markets regulator AMF has seen over a 14,000% surge in enquiries related to fraudulent crypto offers in 2018 as opposed to 2016, the agency wrote in a new annual report released May 7. In the report, the Autorite des Marches Financiers (AMF) specified that the number of enquiries associated with crypto-related scams online has surged to over 2,600 in 2018 from only 18 similar enquiries back in 2016...
BankInfoSecurity: A Russian citizen has been charged with stealing more than $1.5 million from the Internal Revenue Service after hacking into tax preparation companies and stealing personal data. On Monday, an indictment was returned in U.S. federal court against 33-year-old Anton Bogdanov, aka "Kusok," charging him with wire fraud conspiracy, aggravated identity theft and computer intrusion. Prosecutors have accused Bogdanov of working with unnamed accomplices to steal personal information and use it to file federal tax returns and fraudulently obtain tax refunds...
TheSun: THE mastermind behind Britain's biggest ever cyber scam splurged £3m on Harrods shopping sprees, parties with popstars and luxury holidays to Dubai, a court heard. Feezan Hameed Choudhary, 28, was jailed for 11 years in 2016 for leading a "vishing" fraud which conned 750 RBS and Lloyds customers out of £113m. "Vishing" or "voice phishing" is a type of phone fraud in which the scammer manipulates the victim into sharing private financial information which can then be used to make cash transfers...
BostonHerald: A British cybersecurity researcher credited with stopping a worldwide computer virus has pleaded guilty to developing malware to steal banking information. Federal prosecutors in Wisconsin and Marcus Hutchins’ attorneys said in a joint court filing Friday that the 24-year-old agreed to plead guilty to developing malware called Kronos and conspiring to distribute it from 2012 to 2015. In exchange for his plea to those charges, prosecutors dismissed eight more...
ArabianBusiness: Cybercrime is projected to cost $8 trillion to businesses globally in the next five years, according to UAE-based cyber security firm DarkMatter which is responsible for protecting the IT infrastructure and technologies of Dubai Expo 2020. Dr Karim Sabbagh, CEO of DarkMatter Group, told a regional internal audit conference in Abu Dhabi on Thursday that irreparable reputational damages are on the rise with the escalating regulations increasingly penalising failures to tackle cybercrime...
TheIrishTimes: More than a third of people in the UK believe that losing money or personal information over the internet is now “unavoidable”, a survey has found, in a further sign of growing public concern about online privacy. The research, carried out by Britain’s National Cyber Security Centre, part of digital intelligence agency GCHQ, also revealed that 70 per cent of the public believe they will be a victim of cyber crime in the next two years...
Reuters: Russia’s lower house of parliament approved on Tuesday the third reading of a draft law that aims to increase Moscow’s sovereignty over its Internet segment and defend against foreign meddling, Interfax agency reported. The bill must now be approved by parliament’s upper house and the presidency before passing into law. The bill’s authors said earlier that the measures are needed to defend the country after the United States adopted what they described as aggressive new cyber security policies last year...
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