cybercrime News

Credit Card Buyers, Sellers Making Out Like Bandits

Cyber thieves who steal credit and debit card numbers are making millions of dollars in profits, fueling a global criminal enterprise marked by the high-profile data breaches of major companies such as Target and Home Depot. On average, a batch …

Obama Seeks ‘Nimble, Aggressive, Well-Resourced’ Cyber Defense

President Barack Obama vowed on Monday that the United States would aggressively bolster its cyber defenses, as U.S. officials said the probe into a massive breach of federal government networks has yielded growing signs of a direct Chinese role. Obama …

AG Lynch Urges Corporate, Government Cooperation to Fight Cybercrime

Attorney General Loretta Lynch this week urged greater cooperation between the government and private industry to combat computer hackers, a key component of a new cyber- attack playbook released by the Justice Department. Speaking to a gathering of government and …

Apparent Cyberattack Takes Down Hawaii Telescope Website

An apparent cyberattack Sunday temporarily disrupted the main website of Thirty Meter Telescope, the organization trying to construct one of the world’s largest telescopes near the summit of Mauna Kea on Hawaii’s Big Island. Thirty Meter Telescope spokeswoman Caroline Witherspoon …

Secret Service: Cybercrime ‘Skimming’ Cases on the Rise in North Carolina

The U.S. Secret Service says “skimming,” a cybercrime which targets automatic teller machines and gasoline pumps and the people who use them, is on the rise in the Charlotte, N.C., area. The Charlotte Observer reports that the Secret Service reports …

N.Y. Regulator Lawsky Says Banks Need Money-Laundering Spot Checks

New York’s banking regulator floated a plan Wednesday to spot-check banks’ money laundering controls and hold executives accountable if they fail. Benjamin Lawsky, superintendent of New York’s Department of Financial Services, made the remarks in a speech at Columbia Law …

EU Cyber Watchdog Warns: More Money, Action Needed to Combat Hackers

Banks need to put more money into combating hackers who have the potential to wreak havoc throughout the continent, the director of the European Union’s cybersecurity agency said. “We don’t know if there are criminals trying to attack a power …

Europol: Data Law Changes Needed to Fight Cybercrime

Law enforcers in Europe need greater powers to retain data for longer in order to catch cybercriminals selling discrete services that police cannot trace under existing regulations, according to a Europol report. Cybercrime is increasingly conducted by a highly specialized …

Tennessee-Based Community Health Reports 4.5M Records Hacked

Chinese hackers stole social security numbers, names and addresses from 4.5 million patients of Community Health Systems Inc., the second-biggest for-profit U.S. hospital chain, according to the company. The attacks occurred in April and June, the Franklin, Tennessee-based company said …

Cyber Theft, Already a $445 Billion Business, to Grow Bigger

Cybercrime remains a growth industry. That’s the main message from former U.S. intelligence officials, who in a report today outlined scenarios for how $445 billion a year in trade theft due to computer hackers will worsen. They warned that financial …