Page 8 - Cybercrimes

Indian companies paid Rs 8 crore on average to fix ransomware, says report

Ransomware is malicious software that locks and encrypts a victim's computer or device data and then demands a ransom to restore access.

Bank of India engages Uniken to secure internet, mobile banking channels

A recent report put the number of card and net banking frauds at 1,367 in FY17, about 2,127 in FY18, and 1,477 in FY19

Facebook cuts back on cybersecurity team as it invests more in automation

The employees responsible for tackling hacking threats have alleged that the Silicon Valley giant is replacing them with machines and is automating its alert response and security teams

Cyber insurance is a necessity as reliance on online medium increases

Cyber insurance can protect you against online frauds

Hackers sold data of 267 mn Facebook users for just Rs 41,500: Details here

Given that the data contains sensitive details of the users, it might be used by cybercriminals for phishing and spamming

Here's what expert says about cyber insurance and why you need it

Cyber cover for individuals is indeed the need of the hour, especially in these times when most people are working from home

Microsoft takes down 50 web domains used by North Korean hacking groups

The hackers also used malicious software which can access other data on a victim's computer

Instagram is trying to curb bullying but it needs to define it first

Instagram is particularly vulnerable because of its young user base. About 70 percent of American teenagers use the service, according to the Pew Research Center

Law enforcement agencies feel not enough laws to tackle cyber crimes: KPMG

A survey by consultant agency KPMG shows two-third of law enforcement agencies (LEAs) feel adequate laws are not in place to address concerns on cyber crime -- the prevention, detection and investigation.In the survey, 73 per cent of LEAs say they do not feel adequately equipped to handle cyber issues. Almost 67 per cent felt the laws were not adequate.KPMG says it polled a little over 300 people -- chief information officers, chief operating officers, security professionals, top law enforcement officers and end-users.Around 79 per cent of organisations identified cyber security as one of the top five business risks. However, 81 per cent have cyber security budgets less than a tenth of total planned budgets.Of the entities surveyed, 69 per cent said ransomware was a "significant risk" to them; 43 per cent that they experienced such attacks in the past year. Nearly 40 per cent of end-users say cross-country jurisdictions were a hindrance in registered a complaint with cyber crime ...