CFOtech UK - Technology news for CFOs & financial decision-makers

Cybercrime stories

Any use of network connected electronic devices such as computers or smartphones for criminal activity is classified as cybercrime. With a long history starting with the misuse of telephone systems (such as ‘phreaking’), cybercrime today includes the creation and distribution of viruses, ransomware, keyloggers and other malware, the download and use of malware produced by others, social engineering tactics such as phishing or (physical) impersonation, the theft and use of credentials for accessing computer systems or networks, and the theft of privileged data. Cybercrime is a broad and dynamic field, with cybercriminals constantly adapting their methods in pursuit of usually financial goals, but also occasionally seeking to disrupt, embarrass or shame their targets.
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Akamai reveals cybercrime's impact on UK mental health
2 days ago
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ransomware
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phishing
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physical security
New research reveals a 'cybercrime mental health crisis' in the UK, with victims losing an average of GBP £808 and suffering severe emotional distress.
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Finnish Customs dismantle dark web marketplace Sipulitie
2 days ago
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cybersecurity
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bitdefender
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collaboration
Finnish Customs, alongside international law enforcement, has dismantled the Sipulitie dark web marketplace notorious for narcotics sales, marking a significant victory.
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Australian law mandates reporting of ransomware payments
3 days ago
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ransomware
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payment technologies
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mastercard
Australia proposes cyber security legislation mandating companies to report ransomware payments, aiming to enhance transparency amidst rising cyber threats.
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As attackers embrace artificial intelligence, every organisation should do these five things
Last week
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it training
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mfa
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phishing
As cybercriminals increasingly exploit AI for malicious attacks, organisations must implement vital measures to enhance their cybersecurity postures.
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Dark web sees surge in pricey software exploit listings
Last week
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advanced persistent threat protection
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cybersecurity
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kaspersky
Kaspersky has identified 547 dark web listings for software vulnerability exploits from January 2023 to September 2024, with average prices hitting $100,000.
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Rise in ransomware groups reshapes cybersecurity landscape
Last week
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malware
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firewalls
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ransomware
Secureworks' latest report reveals a 30% rise in active ransomware groups, highlighting evolving cyber threats and increased complexity for network defenders.
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Illegal streaming triples cybercrime risk for Australians
Last week
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ransomware
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physical security
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copyright
A new survey reveals that Australians using illegal streaming sites are three times more likely to fall victim to cybercrime, sparking health concerns.
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Australia launches new cyber network to combat threats
Last week
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edutech
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advanced persistent threat protection
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collaboration
The Australian Cyber Network has launched to combat a surge in cybercrime, following over 94,000 reported incidents in the past year.
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Cybersecurity evolution: harnessing GenAI for defence & growth
Last month
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it training
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advanced persistent threat protection
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quantum computing
EY’s latest report reveals the role of Generative AI in combating cyber threats, projecting it will be involved in 17% of attacks by 2027.
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Sophos named leader in IDC MarketScape 2024 for MDR services
Last month
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firewalls
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network security
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breach prevention
Sophos named as a leader in IDC MarketScape's European and global MDR services, reinforcing its commitment to protecting SMBs worldwide.
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Kiwis confident in cyber security, but wary of AI tools
Last month
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phishing
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email security
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ai
New Zealanders are diligent about cyber security but wary of AI tools, an NCSC study reveals. Only 35% find cyber security intimidating, yet AI trust lags.
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Younger Australians vulnerable due to poor online security habits
Last month
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edutech
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mfa
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ai
A new report by Aus3C highlights growing online safety concerns among younger Australians, with many finding cybersecurity efforts frustrating and complex.
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Logpoint appoints Søren Grubov as SVP of Engineering
Last month
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data protection
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siem
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advanced persistent threat protection
Logpoint appoints Søren Grubov as SVP of Engineering to enhance tech portfolio and expand European market reach, reinforcing its cybersecurity mission.
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Financial losses from NZ cybercrime rise to $6.8m in Q224
Last month
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phishing
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email security
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scams
New Zealand cybercrime losses surge to $6.8 million in Q2 2024, with unauthorised access incidents skyrocketing to $3.6 million, NCSC data shows.
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Four tips to protect your business from cybercriminals
Last month
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data protection
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mfa
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phishing
As cybercriminals evolve, businesses must bolster their defences. This Cyber Security Awareness Month, discover four key tips to keep your business safe.
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Put some muscle into online security and WIN a PAIR of SIGNED BOXING GLOVES by DANNY GREEN!
Last month
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advanced persistent threat protection
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smb
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online security
Boxing legend Danny Green partners with COSBOA to bolster cyber security for small businesses, offering a chance to win signed gloves. Enrol now!.
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ST Engineering unveils pioneering AI solutions at InnoTech 2024
Last month
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network infrastructure
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llms
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healthtech
ST Engineering unveiled over 20 cutting-edge AI solutions at InnoTech 2024, targeting sectors like healthcare and cybercrime, in conjunction with industry leaders.
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Trustify named National Ambassador for cyber resilience in UK
Fri, 30th Aug 2024
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smart home
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advanced persistent threat protection
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government
Trustify named a National Ambassador for the National Cyber Resilience Centre Group, joining firms like Aviva and Microsoft to bolster UK cyber resilience efforts.
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Logpoint partners with Advitum to bolster Swedish cybersecurity
Fri, 30th Aug 2024
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data protection
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siem
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advanced persistent threat protection
Logpoint and Advitum join forces to improve Swedish cybersecurity, aiming to provide enhanced protection, threat detection, and compliance.
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Gigamon partners with ExtraHop & WWT to bolster cybersecurity
Thu, 29th Aug 2024
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hybrid cloud
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public cloud
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advanced persistent threat protection
Gigamon teams up with ExtraHop and World Wide Technology in a new Power of 3 initiative, promising enhanced threat detection and NDR capabilities for hybrid clouds.