IA teams up with US firm to tackle cyber crime

The UK’s Investment Association has set up a platform to help investment managers protect their firms against cyber security threats.Covid-19 has highlighted the “critical role” cyber security plays in ensuring operational resilience, according to the organisation.The platform – called IA Titan, and powered by US-based cyber security company Anomali – comprises a real-time dashboard providing up-to-date alerts from law enforcement, government agencies and other authorities.The alerts will cover a range of threats including: malware, ransomware, and software vulnerabilities.  

China toughens crackdown on cyber crime as cases increase

China launched a crackdown on cyber crime as it has seen a rapid spread of online fraud, rumor-mongering and infringements of individual privacy, among other offenses.

Chinese police have captured 6,329 suspects involved in Internet scams related to the COVID-19 epidemic, 3,870 engaged in manufacturing or selling fake or substandard face masks and protective garments and 496 suspected of illegally selling precious wild animals and their byproducts amid the campaign initiated this year, said the Ministry of Public Security.

Moreover, police nationwide have solved seven criminal cases involving the transmission of false information about the epidemic on the Internet and detained 24 suspects implicated in the illicit activities, the ministry said.

Global police agencies issue alerts on Covid-related cyber-crime

Europol and Interpol have joined the list of cross-border law and order regulators set out to tackle Covid-19 scams and misinformation campaigns. 

“With a huge number of people teleworking from home, often with outdated security systems, cyber-criminals prey on the opportunity to take advantage of this surreal situation and focus even more on cyber-criminal activities,” Europol executive director Catherine De Bolle wrote in its latest security advisory.  

The announcement comes a week after Europol published a detailed report on how criminals modified their strategies to make the most of the pandemic scare, based on information it received from the EU member states.