Financial cyber-crimes are becoming such a frequent feature in the media that one might be forgiven for feeling a little "cyber-fatigued."
However, the scale of the thefts from financial institutions, as reported by Kaspersky Labs recently, are arguably unique in their scale and audacity. Kaspersky describes hooded "money mules" waiting at ATMs, controlled remotely to dispense cash at a particular time without the need for a bank card.
Interesting Video clip covering the consequences and fallout from the Sony Hack as featured on FortuneLive.
Robert Herjavec makes it clear that the cost and impact goes far beyond Sony and signposts the way to both major change in markets, particularly insurance. He predicts board level and government focus sharpening and that the frequency and severity is getting worse and worse.
An event marking the third anniversary of the UK's Cyber Security Strategy is taking place in London today (12/12/2014).
Hosted by Cabinet Office Minister Francis Maude and held at the Institute for Chartered Accountants of England and Wales (ICAEW), it brings together industry, academia and government leaders to highlight how the UK is building skills to boost this country's growing cyber security sector.
It follows a report to parliament on progress and forward plans to make the UK one of the safest places to do business online.
Research and Intelligence Report- IBM MSS Threat Research Group
The course has been developed from governments own initiative on information security and the management of related risks across the public sector where over 200,000 people in local and central government have completed the modular course.
Researchers from Google have announced the discovery of another major flaw in Web Security.
It has been called POODLE and follows hot on the heels of Bash and Heartbleed.
The vulnerability is rooted in SSL v3.0 that is used as part of the security framework used for encryption across the Internet.
The annual Global State of Information Security® survey of more than 9,700 security, IT, and business executives has found that the total number of security incidents detected by their respondents climbed to 42.8 million this year, an increase of 48% over 2013. That’s the equivalent of 117,339 incoming attacks per day, every day.