Security News
The Cyber Security Agency of Singapore today released data revealing that cybercrime accounted for 43 per cent of all crime in the city-state during 2020. Ransomware attacks rose 154 per cent from 35 cases in 2019 to 89 in 2020, shifting from what CSA called "Indiscriminate, opportunistic attacks" to "Big Game Hunting".
It appears someone is pirating the infamous REvil ransomware by tweaking its files for their own purposes. In a report today, Secureworks said it has seen a ransomware strain it tracks under the name LV infecting Windows machines with malicious binaries that share a lot of similarities with REvil's code - the latter of which is operated by a group the researchers label Gold Southfield.
LexisNexis Financial Crime Digital Intelligence is a new solution that leverages digital identity data to transform financial crime compliance workflows. LexisNexis Financial Crime Digital Intelligence provides a dedicated and customized workspace including purpose-built financial crime compliance capabilities such as access to additional sanctions risk features, storage capacity and user role configuration.
International non-governmental organisation Human Rights Watch released a report Wednesday describing digital sex crime in South Korea as rampant and pervasive, with the nation leading the world in use of spycams to capture women in vulnerable moments. The 105-page report, [PDF] authored by Heather Barr, is based on interviews with 38 women and an online survey.
The White House has urged business leaders and corporate executives to take ransomware attacks seriously in a letter issued by Anne Neuberger, the National Security Council's chief cybersecurity adviser. "The most important takeaway from the recent spate of ransomware attacks on U.S., Irish, German and other organizations around the world is that companies that view ransomware as a threat to their core business operations rather than a simple risk of data theft will react and recover more effectively," Neuberger said.
Amid an exponential increase in online fraud, an INTERPOL-coordinated operation codenamed HAECHI-I mobilized more than 40 specialized law enforcement officers across the Asia Pacific region. Officially concluding last week, Operation HAECHI-I focused particularly on five types of online financial crime: investment fraud, romance scams, money laundering associated with illegal online gambling, online sextortion and voice phishing.
Interpol revealed last week that specialized law enforcement officers in the Asia-Pacific region intercepted more than $83 million in fraudulent money transfers as part of a six-month coordinated effort aimed at cyber-enabled financial crime. Codenamed HAECHI-I, the operation mainly targeted five types of online financial crime: investment fraud, money laundering, online sextortion, romance scams, and voice phishing.
The Interpol has intercepted $83 million belonging to victims of online financial crime from being transferred to the accounts of their attackers. Between September 2020 and March 2021, law enforcement focused on battling five types of online financial crimes: investment fraud, romance scams, money laundering associated with illegal online gambling, online sextortion, and voice phishing.
Nearly 30 percent of people who contact the Identity Theft Resource Center are victims of more than one identity crime. Their latest study covers the 36 months from 2018-2020 and goes beyond the known financial implications of identity crimes and explores the emotional, physical and psychological impacts experienced by victims.
In an apparent industry first, the global insurance company AXA said Thursday it will stop writing cyber-insurance policies in France that reimburse customers for extortion payments made to ransomware criminals. Only the U.S. surpassed France last year in damage from ransomware to businesses, hospitals, schools and local governments, according to the cybersecurity firm Emsisoft, estimating France's related overall losses at more than $5.5 billion.