Way back in the last millennium when I was a lowly copy aide at The Washington Post, I pitched the Metro Section editor on an idea for new column: “And the Good News Is…” The editor laughed me out of her office. But I still think it’s a decent idea — particularly in the context of cybersecurity — to periodically highlight the good news when people allegedly responsible for spewing so much badness online are made to face justice.
In a notable sign of the times, cybercrime has now surpassed all other forms of crime in the United Kingdom, the nation’s National Crime Agency (NCA) warned in a new report. It remains unclear how closely the rest of the world tracks the U.K.’s experience, but the report reminds readers that the problem is likely far worse than the numbers suggest, noting that cybercrime is vastly under-reported by victims.
The U.S. Federal Bureau of Investigation (FBI) this week warned about a “dramatic” increase in so-called “CEO fraud,” e-mail scams in which the attacker spoofs a message from the boss and tricks someone at the organization into wiring funds to the fraudsters. The FBI estimates that these scams have cost organizations more than $2.3 billion in losses over the past three years.
Networking firm Ubiquiti Networks Inc. disclosed this week that cyber thieves recently stole $46.7 million using an increasingly common scam in which crooks spoof communications from executives at the victim firm in a bid to initiate unauthorized international wire transfers.
Cybercriminals have long relied on compromised Web sites to host malicious software for use in drive-by download attacks, but at least one crime gang is taking it a step further: New research shows that crooks spreading the Dyre malware for use in cyberheists are leveraging hacked wireless routers to deliver their password-stealing crimeware.
I received a number of media requests and emails from readers over the weekend to comment on a front-page New York Times story about an organized gang of cybercriminals pulling off “one of the largest bank heists ever.” Turns out, I reported on this gang’s activities in December 2014, although my story ran minus many of the superlatives in the Times piece.