cyber crime

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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Qatar National Bank Investigating Alleged Data Hack

By Tom Finn DOHA, April 28 – Qatar National Bank, the largest lender in the Middle East and Africa by assets, is investigating an alleged security breach of data posted online this week that revealed the names and passwords of a large number of customers. A 1.5 GB trove of leaked documents includes the bank

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When Mobsters Meet Hackers – the New, Improved Bank Heist

By Jeremy Wagstaff and Jim Finkle March 31 – No need for stocking masks and sawn-off shotguns. The unprecedented heist of $81 million from the U.S. account of Bangladesh’s central bank is the latest among increasingly large thefts by criminals who have leveraged the speed and anonymity of hacking to revolutionise burgling banks. Hundreds of

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U.S. Succeeds in Cracking Apple’s iPhone, Drops Legal Action

By Dan Levine SAN FRANCISCO, March 28 – The U.S. Justice Department said on Monday it had succeeded in unlocking an iPhone used by one of the San Bernardino shooters and dropped its legal case against Apple, ending a high-stakes legal battle but leaving the broader struggle over encryption unresolved. The abrupt end to a

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