Category: Uncategorized

Europol and US authorities bust 34 DDoS attackers and 101 suspects

Since the emergence of Mirai IoT botnet, there have been a noticeable increase in DDoS attacks (Distributed Denial of Service) and it looks like authorities are eager to take on culprits behind these attacks. In a statement released by Europol’s press service on Monday, it has been announced that Europol itself and with the help of US and other European law enforcement agencies 34 culprits have been arrested and 101 suspects “interviewed and cautioned.”

Read the full article on HackRead

The cybercrime business model and its value chain

The security landscape has evolved to a point where most IT threats occur with the intention of generating financial gain for their creators and financiers. Based on this premise, various attack or threat types have proliferated and evolved to affect a greater number of users and organizations. The cybercrime “business model” is based on creating a value chain that offers new methods, for example cybercrime as a service, that is, the practice of facilitating illegal activities via services. In other words, anyone could acquire everything they need to organize frauds or cyberattacks, whatever their skills or technical knowledge.

Read more on We Live Security

Ripple vs SWIFT: Payment (r)evolution

Cross border payments are currently slow, expensive and opaque. Ripple offers sub second efficiently priced payments using a variant of blockchain technology. In response, SWIFT has launched GPII, same day credit of funds, up front pricing and payment tracking. The article by David Blair explores the two solutions, and what they mean for treasurers.

Read the full article on LinkedIn

Dutch Hospitals Report A Data Breach Almost Every Day

Dutch hospitals reported 304 separate incidents of patient data loss since January 1. According to the Authority for Personal Data (AP), the hospitals rarely encrypted the data. They also reported that the majority of the data loss occurred due to human error. Many data losses occurred after employees misplaced essential USB drives and other storage mediums. For example, a doctor from Antoni van Leeuwenhoekziekenhuis lost a hard drive with 800 patient records. Hackers have also accessed electronic healthcare records (EHR) through compromised email addresses.

Read the full article on Deep Dot Web

Japanese hosting company Kagoya hacked; credit card data stolen

Kagoya, a famous hosting service provider in Japan has suffered a security breach in which personal and financial data of its customers has been stolen. In an email to their customers, Kagoya stated that the hack attack was discovered this month after an in-house screening which revealed that customers who used their credit cards between April 1, 2015, to September 21, 2016, are among the impacted ones.

Full article on HackRead