cyber crime

Bangladesh Central Bank Team in Manila to Retrieve Cyber Heist Funds

Nov 8 – A Bangladesh central bank team arrived in Manila on Monday to work on moving back part of the $81 million stolen from its account in the New York Federal Reserve in February and sent to the Philippines, a Bangladeshi official said. A Philippine court in September adjudged that Bangladesh Bank was the

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UK Spy Chief Sees Growing Threat From Russian Cyber-Attacks, Espionage

LONDON, Nov 1  – Russia is pushing its foreign policy in increasingly aggressive ways including cyber-attacks and espionage, posing a growing threat to Britain and the rest of Europe, the head of Britain’s internal intelligence agency MI5 has said. As finance minister Philip Hammond unveiled the country’s new five-year cyber security strategy and hinted at

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Senators Accuse Yahoo of ‘Unacceptable’ Delay in Hack Discovery

By Dustin Volz WASHINGTON, Sept 27 – Six Democratic U.S. senators on Tuesday asked embattled Yahoo CEO Marissa Mayer for more information about the internet company’s investigation into a hack that compromised data related to 500 million user accounts. The lawmakers said they were “disturbed” the two-year-old intrusion was only announced last week. “That means

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SWIFT Discloses More Cyber Thefts, Pressures Banks on Security

By Jim Finkle Aug 31- SWIFT, the global financial messaging system, on Tuesday disclosed new hacking attacks on its member banks as it pressured them to comply with security procedures instituted after February’s high-profile $81 million heist at Bangladesh Bank. In a private letter to clients, SWIFT said that new cyber-theft attempts – some of

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Network Security

BY Nicolai Solling The rise of networks’ security related incidents has in recent years brought the subject onto the forefront of IT discussions. Today, the ability to mitigate risks is even seen as a competitive edge, rated at the same level as cost. Simply put, the organizations which can operate their businesses flexibly in a

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Facebook Denies Reluctance to Give Data to German Investigators

By Caroline Copley BERLIN, Aug 8 – Facebook rejected on Monday claims made by Germany’s state authorities that it was reluctant to co-operate with them on criminal investigations, saying many of the requests it received for user data were incorrectly formulated. Several regional interior ministers have complained that the social media group is hesitant to

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After Mass Shooting, German Police Focus on “Dark Net” Crime

By Frank Siebelt WIESBADEN, Germany, July 27 – German police will do more to fight crime committed on the “dark net”, they said on Wednesday, days after a gunman killed nine people with a weapon bought on that hidden part of the internet . “We see that the dark net is a growing trading place

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The Terrorist Algorithm

Would it be possible to stop terrorists by hacking into their accounts? BY Nicholas Noe Could Omar Mateen’s killing spree in Orlando, Florida on June 12 have been prevented if Facebook had employed a computer algorithm to flag potential terrorists? The U.S. Senate’s Homeland Security Committee, for one, may be interested in exploring this tantalizing, though

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Cybercrime Market Sells Servers for As Little as $6 to Launch Attacks

By Eric Auchard FRANKFURT, June 15 – A major underground marketplace acting like an eBay for criminals is selling access to more than 70,000 compromised servers allowing buyers to carry out widespread cyber-attacks around the world, security experts said on Wednesday. Researchers at Kaspersky Lab, a global computer security firm based in Moscow, said the

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