The Cobalt Group is suspected of vast numbers of attacks which have caused over a billion in damages — and they’re not done yet.
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Category: cybercrime/malcode – Page 202
Wealthy Singapore is hyper-connected and on a drive to digitise government records and essential services, including medical records which public hospitals and clinics can share via a centralised database.
But authorities have put the brakes on these plans while they investigate the cyberattack. A former judge will head a committee looking into the incident.
While the city state has some of the most advanced military weaponry in the region, the government says it fends off thousands of cyberattacks every day and has long warned of breaches by actors as varied as high-school students in their basements to nation states.
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When it comes to the individual citizen, whose responsibility is it to guard against cybercrime? Research we’ve conducted suggests that governments have a crucial role to play. They need to support individual citizens, as well as businesses, in a more practical and proactive way, to manage this particular society risk.
For instance, they could provide individuals with free face-to-face assistance and cybersecurity support. They could give clear guidelines and provide government sanctioned security software for people to install, and make sure it’s easy to get hold of. New York has recently started providing this kind of support to its residents. Based on our research, we believe there’s scope for all governments, including those in Southern Africa, to do the same.
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Fraudsters are now gingerly testing the waters in central and Western Europe with attacks that drain cash machines of their funds, according to a trade group that studies criminal activity around ATMs.
See Also: How to Combat Targeted Business Email Compromise Attacks
The European Association for Secure Transactions, or EAST, says the attacks, sometimes referred to as “jackpotting,” rose 231 percent in 2017 compared to 2016. Last year, 193 incidents were reported compared to 58 in 2016.
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THE FIN7 HACKING group has leeched, by at least one estimate, well over a billion dollars from companies around the world. In the United States alone, Fin7 has stolen more than 15 million credit card numbers from over 3,600 business locations. On Wednesday, the Justice Department revealed that it had arrested three alleged members of the group—and even more important, detailed how it operates.
The Justice Department announced the arrest of three members of notorious cybercrime group Fin7—and detailed some of their methods in the process.
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