Cyber Security

New account Fraud increase Worldwide

New account Fraud increase Worldwide

Cyber Security, Internet
New account fraud increased 27.8% worldwide YTD in 2019, compared to full-year 2018 results, and more than 100% compared to 2014 levels, Jumio reveals. Surprisingly, attempted new account fraud was 19% less during the Black Friday/Cyber Monday weekend (compared to the average 2019 fraud levels), when fraud attempts normally escalate. Often, the first step in identity theft starts by creating a new account online. Identity theft is the deliberate use of someone else’s identity (e.g., name, address, Social Security number, bank accounts) to get money and credit and make holiday purchases. But, identity theft is also being used to perpetrate online fraud, steal property, falsify educational and other credentials, access healthcare and launder money. “As cybercriminals perfect and fine-
Privacy and Security trends for 2020 (IoT)

Privacy and Security trends for 2020 (IoT)

Cyber Security, Internet, Technology
Privacy concerns will ratchet up further around IoT and 5G. Even if the industry manages to secure the billions of IoT devices already deployed, they permeate so many aspects of life that it will be nearly impossible to keep personal and private information out of the public domain. The rollout of 5G will further accelerate the proliferation of IoT technology as manufacturers rush to produce low-cost devices with integrated connectivity. All Mobile Network Operators (MNOs) are keen to adopt 5G, with IoT and Enterprise services being primary drivers, providing operators with access to new revenue opportunities from new services and applications. The proliferation of private data in the public domain will expand hackers’ capabilities. Social engineering is the most effective method cyb
Over 100 ransomware attacks and counting

Over 100 ransomware attacks and counting

Cyber Security, Internet
2019 has been the “year of ransomware attacks on municipalities” according to Kaspersky security experts. This comes after the company’s researchers observed that at least 174 municipal institutions, with more than 3,000 subset organisations, have been targeted by ransomware during the last year. As if that wasn’t enough, 2019 has seen the rapid development of an earlier trend, where malware distributors have targeted municipal organisations. Researchers note that while these targets might be less capable of paying a large ransom, they are more likely to agree to cybercriminals’ demands. Blocking any municipal services directly affects the welfare of citizens and results, not only in financial losses but other socially significant and sensitive consequences. Judging by publicly avail
Password Stealing hacking Campaign

Password Stealing hacking Campaign

Cyber Security, Internet
A mysterious new phishing campaign is targeting government departments and related business services around the world in cyberattacks that aim to steal the login credentials from victims. In total, the phishing attacks have targeted at least 22 different potential victim organisations in countries including the United States, Canada, China, Australia, Sweden and more. All of the attacks involve emails claiming to be related to the targeted government agencies and all of them attempt to trick victims into clicking an email link that asks for their username and password. Anyone who enters their login credentials into the spoofed government agency websites will give cyber criminals access to their account. The campaign has been discovered and detailed by cybersecurity researchers a
Tech trends for small businesses for 2020

Tech trends for small businesses for 2020

Business, Cyber Security, Internet, social media, Technology
As an owner of a small business, one is always looking for ways to improve their company. Highlighted below are some of the new ways one can grow their market, improve efficiency and protect their company. Influencer marketing Scrolling through your social media, it is expected to find promotional and branded content. Today the highest-paid athletes in the world, such as Christiano Ronaldo, make more on Instagram than on the field. The technique of using a big name to sell something is not new however, social media platforms allow ads to appear on your screen with far more ease and subtly than traditional advertising. Instead of your company hiring a celebrity to appear in a commercial, that celebrity only needs to post online about the benefits of your product or service. This new age o