Gary Shalon and Ziv Orenstein pleaded guilty to orchestrating a computer hacking and fraud scheme that included, but was not limited to, the theft of 83 million customer credentials from JPMorgan. [Read More]
Two Japanese men were arrested for allegedly stealing money from an ATM, with local media reporting they were part of a coordinated nationwide heist that netted millions of dollars earlier this month. [Read More]
A Ukrainian national has pleaded guilty to charges of hacking into databases holding unpublished company press releases to gain insider information that led to $30 million in illicit gains, officials said. [Read More]
Blame for the February cyber theft of $81 million dollars from the Bangladesh central bank New York reserves in February has been levelled at SWIFT technicians by the investigating Bangladeshi police, which SWIFT rejects. [Read More]
When it comes to cybercrime, the police really can’t and aren’t going to protect residents of your town. The same goes for all towns and cities. Unless you’re talking a high six-figure theft, it's unlikely an officer will be assigned to your case.
To effectively defend yourself against an enemy, you have to think like your adversary. Put yourself in their mind, their shoes. What’s the motive? How determined are they? Will they stop at a well-hardened network perimeter or move on to other tactics, including social engineering? Once you suffer a breach, how do you share your analysis?
The worlds of counter terrorism and fraud prevention should increase their ties. Systems that are already implemented in one world may be applied to the other. Solution providers and policy makers from both worlds need to meet up and share ideas, thoughts and experience for the benefit of both.
Once a Software Vendor discovers that their software has been pirated, the gut reaction is to put an immediate stop to it. If piracy is discovered, it’s best to react, but don’t overreact. Be proactive, yet patient.