A real prison term for selling gold and guns in the online game World of Warcraft? Easy answer: ten men have been sentenced to up to two years behind bars in China for taking over 11,500 World of Warcraft accounts. Thus, they breached the country’s regulations banning invasive access…
High Time for Cybercrime
For me, 2013 has pretty much been the year of the cybercriminal, in that every month I’ve written about, or had discussions on, something to do with cybercrime. It’s a big phrase, and it’s not entirely fleshed out yet, but recently it seems as if the financial services industry, or…
Port of Antwerp steps up fight against cybercrime
The Antwerp port community is to set up a taskforce before the end of this year to stiffen the port’s defences against cybercrime. The initiative comes in response to recent computer hacks that enabled containers to be abstracted from the port in an apparently legal manner, said in port’ts…
Malaysian Authorities Arrest Dozens in Cybercrime Sweep
KUALA LUMPUR, Malaysia—In an early Friday swoop, Malaysian authorities arrested dozens of foreigners for alleged cybercrimes, the third operation of the year aimed at curbing online fraud and scams. The operation, code named Tiong, underscores the government’s current drive to combat a spike in Internet-related crime in the emerging Southeast…
Cyber-crime expert Richard Gould joins Kroll
Top Priority Sector: cyber_security Kroll, a provider of risk mitigation and response solutions, announced on October 10 that Richard Gould, former supervisor of the Essex County, NJ, cyber-crimes unit, has joined the firm as a senior managing consultant. Read More…. View full post on The Cyber Wars
High costs of cybercrime may mean more data security jobs
The costs of responding to data and email security breaches by hackers are on the rise. A recent study revealed that the average annual expenditure on cybercrime recovery by companies hasreached $11.6 million per year, with an average of 112 successful attacks per week, according to CIO. Last year,…
This Week in Cybercrime: Cybercrime’s Industrial Revolution
Cybercrooks: Captains of Industry? The idea that cybercrimes are the work of miscreants or gangs of hackers picking targets at random is outmoded. Analysts now see a mature industry with an underground economy based on the development and distribution of ever more sophisticated tools for theft or wreaking havoc. That…
Microsoft-led industry partnership with FBI helps bust cybercrime ring
REDMOND, Wash. – In a coordinated operation, Microsoft Corp., in cooperation with leaders in the financial services industry and other technology industry partners, as well as the Federal Bureau of Investigation, announced recently it has successfully disrupted more than a thousand botnets that are responsible for stealing people’s online banking…
Russia cybercrime market doubles in 2011, says report
Russian-speaking criminals grabbed more than a third of the entire global cybercrime market in 2011 as a growth in online fraud activity turned the country into a major digital crime superpower, a new report has suggested. The State and Trends of the Russian Digital Crime market 2011 from Russian security…
Cybercrime Game Theory: Why Apple’s Malware Grace Period Ended Early
Sourcefire researcher Adam J. O’Donnell, who used game theory to predict when Macs would be hit with malware. It was always just a matter of time until malware writers started targeting Macs. Until suddenly, time was up–much sooner than expected. The Flashback Trojan that infected 700,000 Macs at its peak…