cybercrime

Microsoft Corp. and its partners from the financial services industry have successfully executed a coordinated global action against some of the most notorious cybercrime operations that fuel online fraud and identity theft.

Turkish public-sector organizations are adopting IT security solutions in response to the growing threat of cybercrime, an increasingly complex network environment, and the need to comply with legislated security regulations.

If we had to summarize the year in security in a single word, I think it would have to be “explosive.” The incidents, stories, facts, new trends and intriguing actors are so big that it makes it very hard to come up with a top 10 of security stories of 2011. But by looking at these stories, we can get an idea of what will happen in 2012.

HP has unveiled new research in the US indicating that the median annualized cost of cybercrime incurred by a benchmark sample of organizations was $5.9 million per year, with a range of $1.5 million to $36.5 million each year per organization.

The Australian government is set to introduce a new law to strengthen cyber security and boost the country's ability to combat international cybercrime, a joint release from the office of the Attorney-General and the Minister of Home Affairs and Justice said.

Facebook isn't just a social networking tool but a social phenomenon. The increasing use of this tool for business is posing certain security risks to organizations. This white paper discusses the threats that cybercrime poses on social networks and the ways they can be addressed.

Educational institutions should optimize existing resources to provide a richer, faster and more secure university network. The goal is to manage recreational network use so it does not interfere with academic and administrative priorities, rather than prohibit it. Social networking applications can thereby be permitted while academic freedom remains protected.

Despite being aware of security threats, the risky online behavior of young adults can negatively affect their future career prospects and financial standings, while leaving them vulnerable to identity theft and fraud. This is according to a new survey commissioned by RSA, The Security Division of EMC.

Symantec's latest Internet Security Threat Report reveals continued growth in both the volume and sophistication of cybercrime attacks. The new report highlights key trends in cybercrime in 2009, a year bookended by two very prominent Cyber attacks - Conficker in the opening months and Hydraq at the very end.

A Verizon Business study released recently found that corporations fell victim to some of the largest cybercrimes ever during 2008, with the financial sector accounting for majority of targeted attacks.