It’s been described by the BBC as “THE BIGGEST CYBER ATTACK IN HISTORY”, a pretty big statement, but what does it mean? Most other categories of attack, certainly when being the largest of their kind, would surely result in the most insidious punishment our justice system has to offer (or rehabilitation…Whatever it is that gives our prisons purpose). But alas, teen hacker Seth Nolan Mcdonagh, was found reformed by the passing of remorseful, teenage summers, and has suffered a sentence in keeping with those dished out alongside ASBOs, clocking up a mere 240 hours of community service.
Now please don’t get me wrong, I’m not vexed by the lightness of his sentence, quite the contrary, I think he deserves no more, if not less. I do, however, think that the way the case was handled, and the subsequent sentence, is quite telling with regard to the line between crime and cyber-crime. Let’s compare; in the context of unlawful behaviour, having the label of ‘Biggest Attack in History’ slapped on…
It is a given that if there is money to be made from illegal activity, organized crime will be a player. So it is no surprise that multiple versions of the mob are active in cybercrime….
As hackers get more sophisticated in their cyber crime efforts, we need to look to new technology to make our systems more secure, and potentially unhackable.
For some types of hacking, we already know the ultimate answer: quantum physics provides a way to share information with absolute security, guaranteed by the laws of nature….
Look at how much cash typical cybercriminals spend and what their potential profits might be: It estimated it would cost $5,900 (£3,860) to buy a ransomware kit that could return up to $90,000 in one month of operation. Experts said people should take precautions and avoid paying up if they get hit.
Ransomware involves a malicious program infecting a machine, scrambling key files and then demanding the machine’s owner pay cash before the data is unscrambled. According to a report from Intel-owned security firm McAfee Labs, high-tech extortion schemes nearly doubled in the first three months of 2015.
When Jessamyn Lovell’s wallet went missing at an art gallery in 2009, she took all the right precautions. She canceled all of her credit cards and put a fraud alert on her credit report to prevent anyone taking out new lines of credit under her name.
Despite these efforts, a year and a half later, Lovell, 38, received a phone call from a police officer who had strange news: A woman in San Francisco had been arrested for using Lovell’s driver’s license to check into a swanky hotel. Lovell recently recounted her story on NPR’s This American Life. She had gotten a new license but….
We’ve learned recently that the St. Louis Federal Reserve was the victim of a cyberattack.
It appears to be a classic “watering hole” technique going after victims where they’re known to gather….
The identities of nearly 2.5 million deceased Americans are used improperly to apply for credit products and services each year, according to a new study released today from ID Analytics’ ID:A Labs. This is the first study to examine the extent of fraudsters improperly using a deceased person’s identity to establish credit accounts.
Mortgage fraud resulting from identity theft is devastating. It begins when a crook uses your good name and the equity in your home to make a profit. All of this is done in the dark—behind your back and without your consent.
Thieves can even execute fraudulent deed transfers….
DEKALB COUNTY, Ga. — A local man said police arrested him for crimes that he did not commit. Channel 2’s Carl Willis talked to the victim, who said he is still paying for his stolen identity, while the real suspect walks free.
For weeks, 27-year-old James Molden said he tried to wrestle his identity back from a thief who stole his Social Security number and photo identification. He said he filed a police report in DeKalb County to alert authorities, but he ended up being the one with a mugshot.
“I was in Stone Mountain. I was surrounded by six different police cars and cops telling me I have warrants for my arrest,” he said….
The White House has set out plans to use economic sanctions against cyber attackers and companies that benefit from the online theft of secrets.
An executive order authorises a set of new sanctions against individuals or groups whose cyber attacks result in significant threats to US national security or economic health.
It gives authorities the power to freeze assets, and also allows sanctions to be applied against companies that knowingly use stolen trade secrets….