cyber crime News

Nevada Governor Wants $3.5M for Cybersecurity Boost

Gov. Brian Sandoval is asking the Nevada Legislature to spend $3.5 million over the next two years to build up the state’s cybersecurity infrastructure and management. His proposed Office of Cyber Defense Coordination would organize data systems across all state …

New Digital Evidence Emerges of N. Korea Connection to Bangladesh Bank Heist

Cyber security firm Kaspersky Lab on Monday said it had obtained digital evidence that bolsters suspicions by some researchers that North Korea was involved in last year’s $81 million cyber heist of the Bangladesh central bank’s account at the Federal Reserve Bank of …

Heist of $81M from Bangladesh Bank Blamed on ‘State-Sponsored Attack’

The heist of $81 million from the Bangladesh central bank’s account at the New York Federal Reserve last year was “state-sponsored,” an FBI officer in the Philippines, who has been involved in the investigations, said on Wednesday. Lamont Siller, the …

Australia to Offer ‘World’s First’ University Course to Fight Cyber Crime

Australia said on Friday it will offer the world’s first university course to train intelligence analysts to fight cyber crime, prompted by innovative methods of money transfer among organized crime and militant groups. The measure expands on Prime Minister Malcolm Turnbull’s attempts …

Hacker Convicted in California of Breaking into More Than 100K Amex Accounts

A federal jury in Sacramento, Calif. has convicted a hacker accused of breaking into more than 100,000 of American Express accounts and handing off funds to Russia. The Sacramento Bee reported that 37-year-old Mihran Melkonyan on Tuesday was found guilty …

Tesco Bank Hack Still a Mystery – to Frustration of Other UK Lenders

British banking executives and security experts are growing frustrated at the dearth of information available more than three months after 2.5 million pounds ($3.09 million) was stolen from Tesco Bank in the UK’s biggest financial cyber heist. Security officers normally share information …

Business Interruption Remains Top Corporate Concern in 2017: Allianz

Business interruption is a top global corporate risk for the fifth year in a row. But worries about Brexit and incoming U.S. President Donald Trump also made the list of companies’ 2017 fears and uncertainties in a new Allianz report. …

California College Pays Hacker Ransom for Compromised Student Data

A California community college has paid a $28,000 ransom after a hacker took student data hostage. The Los Angeles Daily News reported that 1,800 Los Angeles Valley College teachers and staff were locked out of their computers last week, leaving …

Bangladesh Police Detail How Insiders May Have Aided Cyber Bank Heist

A top investigator into the electronic theft of $81 million from the Bangladesh central bank is turning his attention to some IT technicians from the bank whom he suspects hooked up its transactions system to the public Internet, giving hackers …

Turkey’s Akbank Faces Possible $4M Liability After Cyber Attack – But It’s Insured

Hackers targeted Turkish lender Akbank in a cyber attack on the SWIFT global money transfer system, the bank said, adding it faced a liability of up to $4 million from the incident but no customer information was compromised. It was …