Cyber-criminals are the new entrepreneurs in an age of the "feral" Internet of Things

Cyber-criminals are the new entrepreneurs of the 21st Century: intelligent business people who have identified innovative ways to capitalise on others’ failings. They succeed because the attack surface is expanding and security hasn’t been built into networks and devices from the ground up.

That was one of the starker suggestion from speakers at a Westminster eForum conference on cyber-security last week.

RM400m lost to cyber crime in 10 months, say police

KUALA NERUS, Nov 2 — The increasing cases of cyber crimes in the country have resulted in losses of more than RM400 million in the first 10 months of this year, said police Crime Prevention and Community Safety Department director Datuk Seri Rosli Ab Rahman.

He said 9,686 cases were reported from January to October this year, compared to 9,442 cases in the same period last year.

Most of the cases reported this year were in Selangor, which has 1,897, followed by Johor (1,374 cases), Kuala Lumpur (1,264 cases) and Negeri Sembilan (784 cases), he told reporters after a ‘Townhall Discussion’ at Universiti Sultan Zainal Abidin (UniSZA) here today.

Police database flagged 9,000 cybercrime reports as 'security risk'

Thousands of reports of cybercrime were quarantined on a police database instead of being investigated because software designed to protect the computer system labelled them a security risk.

The backlog at one point stretched to about 9,000 reports of cybercrime and fraud, some of them dating back to October last year. The reports had been made to Action Fraud and handed to the National Fraud Intelligence Bureau (NFIB), run by the City of London police.

Cybercrime Tool Prices Bump Up in Dark Web Markets

A report reveals data, services and toolkits available for cybercriminals are becoming more expensive and sophisticated.

Prices have been rising in the last two years for longstanding tools available on the Dark Web to help bad actors commit cyber attacks and fraud, alongside newer innovations that are emerging to bolster crimes like ransomware and SIM swapping, new research has found.

Keeping track of these trends in dark-web markets for the tools and data cybercriminals depend on to commit nefarious acts can be a key indicator of where the next attacks will occur, according to a new Flashpoint report, “Pricing Analysis from Goods in the Cybercrime Communities.”

Cyber-criminals are threat to society, warns forensics boss

A senior manager at Eurofins, the UK's biggest forensic services provider which was hit by a cyber-attack in June, has warned the country to "ready itself" for further attacks.

A ransomware virus infected the firm's computer systems, laboratory work was suspended for seven weeks and police investigations and trials were delayed.

In his first interview since the incident, Mark Pearse told BBC News it could happen to any organisation.

Familiarity is the enemy on the war on hackers and cyber crime

The revelation that a friend or local business has been hacked is old news nowadays.

A few years ago, the idea that unknown assailants might have successfully penetrated your social media account or compromised files in an office or hospital would have prompted gasps of trepidation and disquiet - not anymore.

Cybercrime is everywhere in 2019, and growing into an ever larger threat with each passing month. It is estimated that online criminal activity will cost the world €6 trillion annually by 2021, up from €3 trillion in 2015.

Are you victim of cybercrime? Do not hesitate to report to Dubai Police

Dubai: Dubai Police have reminded residents to report online fruad using the hassle free e-Crime platform without the need to visit a police station.

“This Self-Service (e-crime portal) allows the public to record a complaint regarding cybercrimes. To facilitate the procedures, please fill out the form and ensure that you have as much information as possible, so that we can help you as quickly and as best as possible. Note: This service is specific to crimes happened within the geographical scope of Dubai city,” Dubai Police tweeted.