INTERPOL’s Global Rapid Intervention of Payments system recovered an exceptionally large sum of over $40 million, stolen in a single BEC attack, in record time.
Cyber Security
Cyber criminals, state-sponsored hackers and even the occasional disgruntled employee are constantly looking to gain unauthorized access for a variety of purposes: theft of money, cyber espionage, personal information for sale or for use in scams, and damage to critical infrastructure for just a few of the most common.
So how does an organization mitigate an entire world full of continual cyber attacks? Just as buildings have a number of necessary elements of physical security: access control, cameras, alarms and so on; there are similar key elements of cyber security that are absolutely vital for just about any modern business.
It starts with identifying and closing the most common doors that attackers use. For example, phishing attacks on employees are far and away the most common initial point of entry. The breach of even a low-level employee account can quickly turn into an escalation in access privileges and the ability to reach sensitive information. This is also true of smart devices, which are generally more poorly secured than computers and phones.
An INTERPOL-led law enforcement operation across 16 African countries has nabbed 651 suspects linked to online scams targeting victims across the continent and worldwide.
Layered security means using various complementary technologies, systems, and processes to ensure reactive and proactive defenses against cyber threats. For optimal security, these many systems and technologies must share information.
With successful defenses against ransomware, and since cryptojacking has become less profitable with cryptocurrencies’ fall in value, formjacking has become the new avenue for online criminal activity. It’s easy to do, it’s scalable, and it’s hard to stop.
Ransomware attack’s main impact to derivative trading thus far has been long delays in processing for financial firms in Europe and the United States, but operations for other ION clients have also been strongly impacted.
Designed to create more stringent contractor screening and government use requirements, the IoT Cybersecurity Improvement Act of 2019 has now cleared its first hurdle in the House of Representatives.
The IoT Cybersecurity Improvement Act of 2020 is now federal law, meaning that US government "smart devices" will be subject to a new and more stringent set of security standards.
IoT in the workplace has followed the same adoption path as BYOD, and these devices are constantly streaming out to the cloud. Do you know what they’re sharing? What are the unseen cybersecurity risks?
Research on 8 million devices deployed at 506 locations across various industries highlighted the elevated IoT risks as devices could be targeted to grant entry into the corporate network.
5G technology plus 74 billion IoT devices estimated by 2025, it’s no surprise that IoT security is one of the top concerns keeping many executives up at night.










