cyber crime News

State, Federal Regulatory Enforcement a Focus as Cyber Crime Grows

As ransomware attacks are on the rise and cyber risks continue to mount, experts say there has been “a paradigm shift in cybersecurity enforcement.” That’s according to Matt Levine, a partner in Phillips Nizer’s litigation department in its New York …

European Commission to Form Cyber Unit to Fight Growing Online Crime

The European Commission proposed on Wednesday to pool resources and expertise from the EU’s 27 countries for a joint cyber unit to fight online criminals amid a spate of high-profile hacks in Europe and worldwide. The EU executive said authorities …

Like ‘Terminator,’ High-Tech Cyber Crime to ‘Keep Coming’

Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime —and the costly attacks are not going to stop, a top expert at insurer Sompo Holdings Inc. said on Tuesday. “It’s like …

Ransomware Is Key Online Threat Facing UK, Says Cyber Security Chief

Professional criminals holding businesses to ransom — often with the support of nation-states — is the key online threat facing the UK, the country’s cyber security chief will say Monday. Lindy Cameron, who is chief executive of the National Cyber …

Insuring Cyber Podcast: Social Engineering Risks Rising, but Cyber Coverage Still Lacks

The COVID-19 pandemic has upended the work environment in many ways, and cyber experts say one unfortunate result of the switch to remote work is an increase in cyber crime, particularly around social engineering threats. “The bottom line here is …

Oklahoma Cybercrime Legislation Headed to Governor

A bipartisan solution to address the proliferation of cybercrime has unanimously passed the Oklahoma Senate. House Bill 1759, authored by Rep. Trish Ranson, D-Stillwater and Sen. Zack Taylor, R-Seminole, updates language in the Oklahoma Computer Crimes Act to better address …

Oklahoma House Unanimously Passes Cybercrime Bill

A bill to address a growing trend of cybercrime unanimously passed the Oklahoma House of Representatives on March 10 with a vote of 92 to 0. House Bill 1759, authored by Rep. Trish Ranson, D-Stillwater, updates language in the Oklahoma …

Revenue-Seeking Cyber Criminals Increasingly Target Businesses Over Individuals

Cyber criminals shifted away from stealing individual consumers’ information in 2020 to focus on bigger, more profitable attacks on businesses, according to a report from the Identity Theft Resource Center. The nonprofit, which supports victims of identity crime, found that …

Cyber Attacks Cost Russian Companies and Citizens $49B in 2020: Sberbank

MOSCOW – Cyber attacks have cost Russian companies and citizens up to 3.6 trillion roubles ($49 billion) this year, the country’s largest lender Sberbank said. Russia has encouraged its citizens to switch to bank cards and limit cash use to …

Russia-Based Hackers Plan New Wave of Attacks Against U.S. Hospitals: Security Firm

A Russia-based ransomware group responsible for a new wave of attacks against U.S. hospitals is laying the groundwork to cripple at least ten more, according to the cyber-security firm Prevailion Inc. Prevailion’s analysis comes a day after the FBI and …