Cryptocurrency cyber crime has cost victims millions this year
Businessam Staff
August 24, 2017
Here’s another reason to be leery of the initial coin offerings being done at a staggering pace in the cryptocurrency world: there’s a one-in-10 chance you’ll end up a victim of theft. Phishing scams have helped push up criminal losses to about $225 million this year, according to Chainalysis, a New York-based firm that analyzes transactions and provides […]
Ukraine central bank warns of new cyber-attack risk
Businessam StaffAugust 18, 2017
The Ukrainian central bank said on Friday it had warned state-owned and private lenders of the appearance of new malware as security services said Ukraine faced cyber attacks like those that knocked out global systems in June. The June 27 attack, dubbed NotPetya, took down many Ukrainian government agencies and businesses, before spreading rapidly through […]
China targets Alibaba’s Taobao, other e-commerce sites, in VPN crackdown
Businessam StaffAugust 17, 2017
Chinese authorities have issued a warning to the country’s top e-commerce platforms, including Alibaba Holding Group Ltd’s, Taobao.com, over the sale of illegal virtual private networks that allow users to skirt state censorship controls. Five websites have been asked to carry out immediate “self-examination and correction” to remove vendors that sell illegal virtual private networks […]
Customers ‘furious’ with TNT after cyber-attack meltdown
Businessam StaffAugust 9, 2017
When Leah Charpentier ordered a vintage coffee table, on 8 June – a birthday present for her brother – she didn’t think it would take more than six weeks to be delivered. She also didn’t expect for the furniture to arrive with one of its casters broken off. This particular coffee table was just one […]
Kids glued to phones could save UK, ex-spy chief says
Businessam StaffAugust 8, 2017
Parents who think they are being responsible by limiting their children’s time online should think again: they could be putting their kids and Britain’s security at a disadvantage, according to a former British spy chief. “If you appear to be spending your holiday unsuccessfully attempting to separate your children from Wi-Fi or their digital devices, […]
Corporate profits to take more hits from Ukraine cyber attack
Businessam StaffAugust 3, 2017
The cyber attack that crippled Ukraine businesses and spread worldwide to shut down shipping ports, factories, and corporate offices has taken a costly toll on the results of major U.S. and European companies in the latest quarter, with more to come. While individual companies have been laid low by hacking attacks in the past, this […]
Ukraine finally battens down its leaky cyber hatches after attacks
Businessam StaffAugust 1, 2017
When the chief of Microsoft Ukraine switched jobs to work for President Petro Poroshenko, he found that everyone in the office used the same login password. It wasn’t the only symptom of lax IT security in a country suffering crippling cyber attacks. Sometimes pressing the spacebar was enough to open a PC, according to Dmytro […]
Russia attempts spying on Macron campaign through Facebook, sources reveal
Businessam StaffJuly 27, 2017
Russian intelligence agents attempted to spy on President Emmanuel Macron’s election campaign earlier this year by creating phony Facebook personas, according to a U.S. congressman and two other people briefed on the effort. About two dozen Facebook accounts were created to conduct surveillance on Macron campaign officials and others close to the centrist former financier […]
Cybersecurity in focus as Africa makes slow but steady progress
Businessam StaffJuly 21, 2017
There are hopes that African cyberspace could become more secure and the continent can improve its position in global cyber security rankings as one its leading operators move to secure its mobile money network. According to a report earlier this month by Kenyan national Business Daily, leading mobile operator Safaricom is set to start using photos […]
Nigerian telcos fingered in global spam calls origination, put Nigeria in global top 10 spam-affected countries
Steve OmanufemeJuly 13, 2017
*Contribute 61% of local unwanted calls…. Nigerian telecommunications operators have been fingered as contributing largely to reported global spam calls as the number of their unwanted calls helped put Nigeria among the top 10 countries affected by spam calls, according to Truecaller, a technology company with an application that allows a caller’s identity to be […]