cyber crime News
New Consumer Label Rates Devices Less Likely to Be Hacked
The federal government is rolling out a consumer labeling system designed to help Americans pick smart devices that are less vulnerable to hacking. Under the voluntary program, called the U.S. Cyber ...
Cyber ‘Catastrophe Bonds’ Move Step Closer to Hitting Public Debt Markets
Cyber catastrophe bonds may be about to move out of the shadows of private deal-making and into the public debt markets.
So-called cat ...
3 Identity Theft Cyber Crimes You May Have Never Heard Of
Identity theft cyber crimes are evolving, according to Nationwide, and many people may have never heard of juice jacking, QR code scanning or form jacking, according to respondents of the latest ...
Major Malware Network Accused of 30% of Global Cyber Attacks Seized
U.S. officials said Tuesday that the FBI and its European partners infiltrated and seized control of a major global malware network used for more than 15 years to commit a gamut of online crimes ...
Fund Transfer Frauds, Data Theft Trends to Continue in 2023: Beazley
Incidents of fraudulent instruction scams were up 13 percent in 2022, according to specialist insurer Beazley's new Cyber Services Snapshot report. Under fraudulent instruction scams, criminals use ...
U.S. Banks Spent $1B on Ransomware Payments in 2021: Treasury
U.S. financial institutions spent nearly $1.2 billion on likely ransomware-related payments last year, most commonly in response to breaches originating with Russian ...
U.S. Charges Russian ‘Evil Corp’ With Fueling a Decade of Bank Hacks
The U.S. unveiled charges and sanctions against members of a hacking entity calling itself Evil Corp that authorities said was behind some of the worst computer hacking and bank fraud schemes of the ...
Small and Midsize Businesses at Higher Risk of Cyber Attack, Chubb Warns
Small and midsize businesses are much more likely to experience cyber attacks than large companies. In fact, 62 percent of all cyber crime targets are small and midsize businesses. It costs, on ...