A report, written by 26 authors from 14 global institutions, has stated that the proliferation of artificial intelligence technologies could enable new forms of cybercrime, political disruption and even physical attacks within the next five years. Ilia Kolochenko, CEO at High-Tech Bridge commented below. Ilia Kolochenko, CEO at High-Tech Bridge: “First of all, we should clearly distinguish between Strong AI (artificial intelligence, which is capable of replacing the human brain) and the generally misused ‘AI’ term that has become amorphous and ambiguous. So far, virtually all machine learning (ML)/AI algorithms are only as good as the humans who design, train and…
ISBuzz Team
McAfee, in partnership with the Centre for Strategic and International Studies (CSIS), today announces that cybercrime costs the world close to $600 billion – a $150 billion increase since 2014. The research has also found the following below key findings Nation states are the most dangerous source of cybercrime, with Russia ranking No. 1 and North Korea No. 2. China is the most active player in cyber espionage. Banks are the favourite targets of cybercriminals, even though financial institutions spend three times what other companies spend on cybersecurity. Ransomware is the fastest growing type of cybercrime, aided by cybercrime-as-a-service, which is also flourishing…
In light of the Cyber Aware survey results that found that 52% of 18-25 year old’s in the UK are using the same password for lots of services, and the #OneReset campaign, Steve Schult, Sr. Director Product Management at LastPass commented below. Steve Schult, Sr. Director Product Management at LastPass: “It’s great to see the government raising awareness around cybersecurity and password management with the #OneReset campaign and their survey with Experian. While changing your passwords to something unique is a great first step to upping your security game, it’s also important to understand that memorising special characters, capitals and numbers across all online accounts…
It’s been reported that, according to PwC’s ninth biennial Global Economic Crime & Fraud Survey, half of UK organisations say they have been the victim of fraud and/or economic crime in the last two years. More than half (51%) of the most disruptive crimes resulted in losses over £72,000, compared to 37% globally. Nearly a quarter of UK victims (24%) lost more than £720,000 as a result. Robert Capps, vice president of business development at fraud prevention firm, NuData Security Inc., a Mastercard Company commented below. Robert Capps, Vice President of Business Development at NuData Security Inc.: “The magnitude of these losses can’t help but have a dampening…
F-Secure’s new Incident Response Report points to email inboxes as the weakest link in security perimeters, and finds that companies struggle with quickly and accurately detecting security incidents. Buckinghamshire, UK – February 22, 2018: Over one-third of all security incidents start with phishing emails or malicious attachments sent to company employees, according to a new report published today by global cyber security company F-Secure. F-Secure’s new Incident Response Report summarizes findings from F-Secure’s incident response investigations and provides insights into how real hackers attack organizations. The single most common source of breaches analyzed in the report was attackers exploiting vulnerabilities in an…
News broke yesterday that gamers are accusing a company that makes mods for Microsoft’s Flight Simulator X game of putting a password stealer inside one of its add-ons. The company defended its decision by saying the malware works part of a Digital Rights Management (DRM) platform and only activates when users are using a pirated copy of their mod. The company at the heart of this controversy is Flight Sim Labs, and the mod that got everyone talking is A320-X, a $100 add-on for Microsoft’s Flight Simulator X that allows users to pilot Airbus A320 airplanes. Giovanni Vigna, CTO and and Co-Founder…
A recent survey has found that 52% of Britons aged 18-25 are using the same password for many online services, increasing the likelihood of identity theft. It was also found that the majority had sent critical data such as bank details or passport copies and driving licences via messaging systems. Javvad Malik, Security Advocate at AlienVault commented below. Javvad Malik, Security Advocate at AlienVault: “Security training or raising awareness of best practices shouldn’t be limited to just corporate employees, rather should extend to all members of the public starting from schools. It is important that the dangers and risks are understood by all…
Palo Alto Networks® (NYSE: PANW), the next-generation security company, has announced the introduction of its ruggedized PA-220R next-generation firewall. This new NGFW appliance is designed to prevent successful cyberattacks in the network environments of industrial control systems, or ICS, and supervisory control and data acquisition, or SCADA, systems. The PA-220R meets required performance and reliability standards for operating in demanding industrial settings, such as utility substations, power plants and factory floors. Organizations are evolving their understanding about the need to improve industrial cybersecurity. In their annual survey, Securing Industrial Control Systems, SANS Institute reports that the number of organizations perceiving the level…
In light of the recent news that councils aren’t prepared for cybersecurity attacks, please see below comment from David Carroll, CEO of XQ Cyber on the needs for the absolute basics of cybersecurity must be administered, to set an example for the rest of the country. David Carroll, CEO at XQ Cyber commented below. David Carroll, CEO at XQ Cyber: “To those working in the cyber security industry, today’s report that UK local councils are unprepared to deal with cyberattacks is no surprise. GCHQ studies have shown that 80-90% of economic loss due to cybercrime is down to neglect for…
The threat of cyber attacks is something that no-one can ignore. As our reliance on technology has grown, so too has the scale and complexity of the risk posed online. Cyber security now has to be among the considerations for investors. When people pore over a forex calendar plotting their currency trades or scour financial news sites gauging the best assets and investments, they might well want to weigh up how secure the market is when it comes to the threat of cybercrime. So, where is this threat most keenly felt? Well, that depends on how you measure the threat.…