Tag: cyber crime

Oracle acquires Palerra to upgrade Cloud Security

Staff Writer
banking security

Oracle has just concluded the agreement to acquire Palerra last Sept. 18. The move is expected to bolster the company’s push to expand its Identity Cloud Service, which is touted as a next-generation security and identity platform for the cloud. Both companies did not provide any details about the recent acquisition, particularly the cost involved. However, one should remember that Palerra has raised $25 million in funding last year. This figure should provide some insight regarding its value. “Together, Oracle and Palerra will help accelerate cloud adoption securely by providing…

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Cybersecurity expert warn ‘Pokemon Go’ fans of cybercriminals

The release of “Pokemon Go” has sparked a frenzy among players and prompted a raft of warnings from lawmakers eager to prevent fans from putting their lives in danger. But the fevered anticipation of the game has also created opportunities for attackers, a cybersecurity software firm said. “The vulnerability from ‘Pokemon Go’ is due to the fact that Nintendo didn’t have a global release of the game,” said Michael Petit, Africa, Middle East and Asia head of mobility at Check Point Software Technologies. The mobile gaming app first rolled out…

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Increased Potential For Cyber-Crime Attacks In Africa

Cybersecurity

There is potential for increased cyber-crime attacks in Africa as cyber-criminals target mobile devices, Techmoran reports. This deduction comes from the quarterly analysis of the global Threat Index by Check Point® Software Technologies Ltd which also revealed deep disparities in the threat environments in Africa. African countries that were highly ranked in the index include Namibia and Malawi which were second and fourth positions respectively and Nigeria which had moved up two positions from the 18th to the 16th. Kenya, on the other hand had dropped from the 45th position to the 69th…

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Cyber Crime Predicted To Reach $2 Trillion By 2019

During the last ten years, our lives have changed. The increased usage of the Internet made blurred some lines between the virtual and the real world making some processes faster. Ordinary people are enjoying this change, as life is becoming much easier for them. Large companies and enterprises experience some negative sides of such changes, though. They are preparing for a huge increase in cyber crime. General Crime Numbers Ginni Rometty, the Chairman of IBM Corp, mentioned in his recent interview that cyber crime wave, as they named it couple…

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Hackers Breach Top Wall Street Law Firms, Including Cravath Swaine & Moore LLP, Weil Gotshal & Manges LLP

Hackers Breach Top Wall Street Law Firms, Including Cravath Swaine & Moore LLP

Reuters: Hackers broke into the computer networks of some big U.S. law firms, including Cravath Swaine & Moore LLP and Weil Gotshal & Manges LLP, the Wall Street Journal reported on Tuesday. Federal investigators are looking to see if confidential information was stolen for insider trading, as these law firms represented Wall Street banks and big companies, the Journal said, citing people familiar with the matter. Other law firms were also targeted, but the probe has not amounted to any clear information on what details have been stolen, the newspaper…

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Guarding your online brand against cybersquatters

Staff Writer

If you had a business called Widgets R Us and somebody set up shop right next door with a business called Widgets R U, you’d probably be a bit miffed. Especially if the interloper then demanded money to move elsewhere. cybersquatters: But this sort of thing is happening all the time online. It’s called cybersquatting – buying up website addresses, or domain names, that sound very similar to existing well-known brand names. When Google recently launched its new parent company Alphabet, and the abc.xyz web address, there were more than…

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U.S. Senators introduce DHS Cybersecurity Bill to Protect ‘Dot-Gov’ Domain after breach

Staff Writer
Liquid Telecom

A bipartisan group of U.S. senators introduced legislation on Wednesday to give the Department of Homeland Security more authority to protect government Internet addresses in Cybersecurity bid. The goal is to prevent more cyberattacks like recent massive breaches at the government’s hiring office. Hacks targeting the Office of Personnel Management put the personal data of some 22 million Americans at risk and prompted the resignation of OPM chief Katherine Archuleta earlier this month. The cyberattacks prompted calls in Congress for huge improvements in monitoring and protection of government systems. Reports…

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Data Breaches: First half of 2015 saw venture firms invest $1.2 billion in cybersecurity startups

Staff Writer

Data Breaches Boost Funding for Cybersecurity Startups Extract: In the 2015 first half, venture firms invested $1.2 billion in cybersecurity startups, according to researcher CB Insights. That is down slightly from $1.4 billion a year earlier but up sharply from $771 million in 2013’s first half. The shift is particularly notable at Andreessen Horowitz, which used to view security companies as necessary for Internet safety but less lucrative than other technology niches. One reason is that cybersecurity startups were often acquired prior to an initial public offering, says Scott Weiss,…

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Drill-Down Report Finds Global Financial Services Businesses 300% More Susceptible To Cybercrime

Staff Writer
Google

Global financial services businesses encounter security incidents 300% more frequently than other industries, according to a report released on Tuesday by Raytheon | Websense, a company that helps protect organizations from cyber attacks and data theft. The 2015 Financial Services Drill-Down Report found “a high degree of specialization among criminals attacking financial services, a huge investment in the lure attack phase and the specific and anomalous Cybercrime attacks pointed at global targets dealing in finance.” “For years, this industry has been under attack by highly specialized groups of criminals,” said…

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Simple Website Security Flaw Exposes Data Of Charter Internet Customers

Staff Writer
Liquid Telecom

A Website Security flaw discovered in the site of Charter Communications, a cable and Internet provider active in 28 states, may have exposed the personal account details of its customers. Security researcher Eric Taylor discovered the cable provider’s vulnerability as part of his research, and demonstrated how a simple header modification performed with a browser plug-in could reveal details about Charter’s Internet subscribers. After Fast Company notified Charter of the issue, the company said it had installed a fix within hours. The vulnerability could reveal personal information of “millions” of the…

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