Editor's News

The Kaspersky Lab Global Research and Analysis Team (GReAT) has discovered several infections from a previously unknown Trojan, which is most likely related to the infamous Chinese-speaking threat actor – LuckyMouse. The most peculiar trait of this malware is its hand-picked driver, signed with a legitimate digital certificate, which has been issued by a company developing information security-related software. The LuckyMouse group is known for highly targeted cyberattacks on large entities around the world. The...

A majority of executives around the world feel they face a “specialist-generalist” dilemma as to whom leads on cyber resiliency due to its critical nature across the company, but also the recognition that specialization is necessary. This is according to the results of a global survey conducted by The Economist Intelligence Unit (EIU) and sponsored by Willis Towers Watson. The EIU surveyed over 450 companies across the globe about their strategies and the challenges they...

New data privacy laws in Europe and California — not to mention the resulting flurry of updated privacy policy notifications landing in our inboxes —  have put privacy matters in the spotlight. But the circumstances that have precipitated this highlight a worrying trend: customers are concerned about not just the vulnerability of their personal information, but also how companies handle and use it.   According to the new Trends in Customer Trust report by Salesforce...

While the days of the average person being distrustful of carrying out any kind of financial transaction online are long gone, there are still certain obstacles to overcome, despite ecommerce and online business continuing to grow. Digital transactions have become more sophisticated, more secure, but one kind of digital transaction is lagging behind: online banking. And cyber criminals are aware of this fact. More than three quarters of companies (78%) were targets of payment fraud...

Trend Micro Incorporated, a global leader in cybersecurity solutions, today revealed that organizations around the world are exposing themselves to unnecessary cyber risk by failing to give IT security teams a voice when planning Internet of Things (IoT) project deployments in enterprise environments. A survey of 1,150 IT and security decision makers in Germany, France, Japan, the UK and US revealed that 79 percent involve the IT department in choosing industrial IoT solutions, but only...

An increased focus on compliance risks detracting businesses from making investments to protect their organisation against fraud, according to new research by TransUnion (formerly Callcredit). The research, part of which forms the Fraud Fortress report, revealed that compliance is the area most commonly expected to drive increased expenditure (64%), potentially at the expense of prevention or detection. Whilst fraud leaders are also reporting increases in anti-fraud expenditure, as a result of investments in biometric technologies...

Findings from F5 Labs’ Lessons Learned from a Decade of Data Breaches report has shed light on the global proliferation of phishing, providing clear insights on why the technique is fast becoming cybercriminals’ easiest and most productive attack vector. The threat intelligence reveals that phishing is responsible for almost half of breached records by root cause (48%). This is followed by credential stuffing (18%), the automated result of phishing and other attacks collecting identity data,...

The number of reports of data security incidents received by the Information Commissioner (“ICO”) has increased by 75 per cent over the past two years, according to new analysis1 by Kroll, a global leader in risk mitigation and investigative services.   The findings, obtained from a request made under the Freedom of Information Act and analysis of publicly available ICO data, reveal details of data breaches which have compromised a broad range of individuals’ personal...

With one in twelve (eight per cent) of respondents having fallen victim to impersonation fraud, it is likely that nearly half a million (454,9603) SME businesses in the UK have been impacted by these scams.   According to data from Lloyds Bank there has been a 58 per cent rise in this type of crime in the year to date4, however as this is only reported fraud, the true scale of the problem is likely...

Banking customers transferred £240m to fraudsters last year as the sophistication of attacks increases. Banks, which are currently refunding a quarter of this figure to customers, are facing a bigger hit as the Financial Ombudsman has told them not to assume this fraud is due to customer negligence. To avoid an increasing bill, fraud experts Intelenet Global Services® say that banks can make use of technologies such as machine learning and predictive analytics which identify...