Federal cybercrime reporting may have some gaps, due to lack of a comprehensive approach or common definitions of cybercrime across all federal agencies, according to a recent study from the U.S. Government Accountability Office (GAO).
Tag: cybercrime
WTW Announces the Formation of a Cyber Crime Task Force
WTW announced the formation of its CyberCrime task force within its Financial, Executive and Professional Risks (FINEX) global practice. “Willis Towers Watson recognized long ago the potential overlap of cyber and crime risks and the benefits of addressing these risks holistically within our clients’ insurance portfolios,” said Peter Foster, Head of Global FINEX Cyber and… Continue reading WTW Announces the Formation of a Cyber Crime Task Force
Cybercrime Costs to Top $1 Trillion This Year: Researchers
Cybercrime is expected to cost the global economy more than $1 trillion this year, up more than 50 percent since 2018, a research report said Monday. The report by McAfee Corp. with the Center for Strategic and International Studies (CSIS) concluded that the cost of online criminal activity is more than one percent of global… Continue reading Cybercrime Costs to Top $1 Trillion This Year: Researchers
Mitsubishi Electric Discloses Security Breach
In a short statement published today on its website, Mitsubishi Electric, one of the world’s largest electronics and electrical equipment manufacturing firms, disclosed a major security breach. Although the breach occurred last year, on June 28, and an official internal investigation began in September, the Tokyo-based corporation disclosed the security incident today, only after two… Continue reading Mitsubishi Electric Discloses Security Breach
Sale of Four Million Stolen Cards Tied to Breaches at Four Restaurant Chains
On Nov. 23, one of the cybercrime underground’s largest bazaars for buying and selling stolen payment card data announced the immediate availability of some four million freshly-hacked debit and credit cards. KrebsOnSecurity has learned this latest batch of cards was siphoned from four different compromised restaurant chains that are most prevalent across the midwest and… Continue reading Sale of Four Million Stolen Cards Tied to Breaches at Four Restaurant Chains