cyber crime News

FBI: Global Criminal Hacker Forum Darkode Shut Down

The U.S. Department of Justice and FBI said today that they along with an international coalition of law enforcers have shut down the underground computer hacking forum known as Darkode and filed criminal charges against 12 individuals associated with the …

Friday Afternoon Scam Cost Hedge Fund $1.2 Million – and CFO’s Job

The finance chief at Fortelus Capital Management LLP got an alarming phone call just as he was getting ready to leave work on a Friday. The caller said he was from Coutts, the London-based hedge fund’s bank, and warned there …

Howden & Insurisx Launch Technology Platform to Help Prevent Cyber Attacks

Howden, the London-based international broking arm of Hyperion Insurance Group, and cyber insurance technology specialists Insurisx Inc. have launched a technology-based platform, designed to help clients of all sizes improve security and resilience from potential cyber attacks. The companies said …

Execs Worry More About Tech Costs Than Regulation, Cyber Attacks: Willis

Rising costs for information technology infrastructure pose greater concerns for financial services firms than regulation or cyber attacks, a survey showed on Monday. IT costs came second only to macroeconomic concerns such as the impact of quantitative easing, according to …

Supreme Court Sets Standard for Prosecuting Social Media Threats

The U.S. Supreme Court buttressed speech protections on the Internet, throwing out the conviction of a man who used graphic language on Facebook to suggest he might kill his wife, kindergarten students and an FBI agent. The case marks the …

Ohio Group Unveils Plan to Deal With Cyberattacks

A group of politicians, law enforcement members and business leaders has given its blueprint for how Ohio communities can deal with cyberattacks to the state Emergency Management Agency. The Columbus Dispatch reported the Cybersecurity Work Group unveiled its report on …

Man Who Hacked Farmers Insurance, Government Sentenced in California

A hacker who helped break into the computer systems of DirecTV, Farmers Insurance and the Los Angeles Department of Public Works is going to federal prison. Mario Chuisano was given a three-year sentence last week and ordered to pay nearly $2.7 …

Insurance Doesn’t Tackle Underlying Problem of Cyber Crime: Bloomberg View

Companies are finding a way to minimize the repercussions when their digital security is violated. Unfortunately, they’re turning to the same safeguards that protect the guitar-strumming hands of Keith Richards, the goal-scoring limbs of David Beckham and the most remarkable …

Allianz Survey: Businesses Face New Challenges in Interconnected World

Business interruption (BI) and supply chain, natural catastrophes and fire/explosion are the major risks that occupy the attention of companies at the start of 2015, according to the fourth annual “Allianz Risk Barometer 2015.” The Risk Barometer details the top 10 global …

U.S. Cyber Crime Unit to Focus on Prevention

The U.S. Justice Department is creating a unit within the criminal division to advise on electronic surveillance in cyber investigations and work with the private sector to prevent online crime, an official said recently. The new unit, housed within the …