Since being founded in 2003, the Italian spyware vendor Hacking Team gained notoriety for selling surveillance tools to governments and their agencies across the world. The capabilities of its flagship product, the Remote Control System (RCS), include extracting files from a targeted device, intercepting emails and instant messaging, as well as remotely activating a device’s webcam and microphone.
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The SEC has warned public companies that they not only need to do more to fulfil their obligations to transparency and openness with investors about cybersecurity breaches, but they also must disclose other infosecurity risks.
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Bots that traverse the internet on behalf of their human operators can fulfill both legitimate and malicious automated tasks. Statistics indicate that bot-driven internet traffic, by helper and harmful bots combined, surpasses human traffic.
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A further breakdown of the overall figures shows that, in all, the actual cost hinges on a number of variables. The factors that enter heavily into the equation include attack types and their frequency, along with the organization’s size and even the country in which an organization is based.
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This hack is said to be reminiscent of a particularly brazen bank cyber-heist from February 2016, in which hackers successfully pilfered $81 million from the account of the central bank of Bangladesh at the Federal Reserve Bank of New York.
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According to US authorities, the enterprise aimed at becoming the premier destination for the buying and selling of stolen payment card data and forged identification documents. It is believed that the losses that the Infraud Organization had intended to cause were north of $2.2 billion.
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A poorly-secured password reset utility allowed a man to access more than 1,000 email accounts at a New York City-area university in a hunt for sexually explicit photographs and videos.
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US authorities have charged a 28-year-old Ohio man who is alleged to have created and installed creepy spyware on thousands of computers for 13 years.
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In order to establish persistence on the system, the installer tampers with the operating system’s registry. It also creates an administrative account that allows remote access.
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A US judge has sentenced a Nigerian man to three years and five months in a federal prison after he pleaded guilty to taking part in a business email compromise scam that targeted organisations around the world.
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