Links in “Cybersecurity/Data Breaches”
- Cybersecurity Gets Presidential Boost
Pres. Obama's final budget calls for additional funding for cybersecurity, including the creation of a new chief information security officer for the government and the creation of a new cybersecurity council. [2/9/16]
- Russian Hackers Manipulate Exchange Rate; Could Such Attacks Be Heading Our Way?
The Corkow virus has infiltrated 250,000 computers worldwide and infected more than 100 financial institutions. Last year, it placed more than $500 million in orders at non-market rates, resulting in a rate swing that cost one Russian bank more than $3 million. It may have been a test to prepare for future attacks, and could be heading our way. See also here. [2/8/16]
- The Downside of the EMV Chip
Fraudsters react to the new EMV card technology by focusing on new account fraud, which more than doubled. [2/4/16]
- Lock Your Lost Debit Card With Your Phone
You get home. You realize you don't have your debit card. You can't remember where you left it. You log into your account on your phone, select "manage debit card settings," an image of your card appears, and you swipe the on/off switch. You're happy. Your bank is happy. The bad guy's not so happy, but two out of three's not bad. [2/4/16]
- Cybersecurity Experts: Compliance Doesnât Equal Security
As reported, the cybersecurity market reached $9.5 billion in 2015, making it the largest non-government cybersecurity market. Additionally, the New York Cityâbased Deloitte stated âin 2015 that the US financial services sector faced the greatest economic risk related to cybersecurity and that the financial institutions must dedicate more resources to improve the security vigilance and resilience of their cybersecurity modelsâ [2/2/16]
- How to Move Suspect Funds into the U.S.: New York Lawyers
Several New York real estate lawyers, including a recent president of the American Bar Association, have been caught providing advice on how to move suspect money into the United States. [2/1/16]
- Virtual Currency Founder Pleads Guilty to Laundering $250 Million
Liberty Reserve was a virtual currency that cybercriminals around the world used to launder more than $250 million. Its founder has pleaded guilty. [2/1/16]
- FTC Upgrades IdentityTheft.gov
Consumers can now go online and get a free, personalized identity theft recovery plan. [2/1/16]
- DDoS Attack Takes Down HSBC’s Site
One of the biggest banks in the world saw its online banking in the U.K. taken offline by a denial of service attack. [2/1/16]
- Breach? Wendy’s is Investigating
Here we go again. Maybe. Fraud reports indicate that Wendy's may have had a credit card breach. The fast-food chain is investigating. [1/29/16]
