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Cost of Cybercrime Continues to Rise for Financial Services Firms, According to Report from Accenture and Ponemon Institute

Cost of Cybercrime Continues to Rise for Financial Services Firms, According to Report from Accenture and Ponemon Institute

Malicious insider attacks are the most expensive and lengthy attacks to resolve NEW YORK; July 16, 2019 – The cost to address and contain cyberattacks is greater for financial services firms than for companies in…

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Understanding the risks of Cybercrime

Understanding the risks of Cybercrime

While work uncovering the extent of the damage may be relegated to the Boyd Group’s cybersecurity department, the incident has caused ripples of concern across Canada’s automotive sector. As the importance of computerization in vehicles…

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Chinese hackers targeted big tech companies to steal trade secrets from enterprise customers

Chinese hackers targeted big tech companies to steal trade secrets from enterprise customers

A cybersecurity firm has recently revealed information about Chinese hackers who have been hacking big telco companies intending to extract personal and corporate information that could potentially benefit the Chinese government. Cybersecurity company Cybereason released…

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Rising Number of Cybercrimes is Bolstering the Demand of Cybersecurity Systems

Rising Number of Cybercrimes is Bolstering the Demand of Cybersecurity Systems

Increasing Number of Cybercrimes Spur the Demand for Cybersecurity Services Cybercrime is one of the greatest threats to every company in the world because of the increasing reliance of the people on the internet. Majority…

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Visa, AI And The $25B Fraudsters Never Got

Visa, AI And The $25B Fraudsters Never Got

Cybercrime is both pervasive and expensive, as modern problems go. According to reports, citing the University of Maryland, there is an attempted hack every 39 seconds. By some estimates, cybercrime will have cost the world $6 trillion…

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What price do companies really pay when they breach consumer trust

What price do companies really pay when they breach consumer trust

It’s the law of unintended consequence and it always hurts. Data-driven marketing has ushered in the era surveillance capitalism, where brands compete on who can provide the very best experiences, but need to pursuit increasingly…

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It takes a hacker to catch a hacker, says prize-winning Saudi cyber whiz

It takes a hacker to catch a hacker, says prize-winning Saudi cyber whiz

Future cybersecurity incidents could prove ‘catastrophic.’ (Shutterstock) Cybersecurity specialist and winner of innovator award takes aim against rising threat of cybercrime JEDDAH: A Saudi ethical hacker named “inspiring innovator of the year” at a prestigious…

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Criminal campaign uses leaked NSA tools to set up cryptomining scheme, Trend Micro says

Criminal campaign uses leaked NSA tools to set up cryptomining scheme, Trend Micro says

Criminal campaign uses leaked NSA tools to set up cryptomining scheme, Trend Micro says Click here to view original web page at www.cyberscoop.com Since March, criminals have been using hacking tools that were reportedly stolen…

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Are businesses taking the threat of cybercrime seriously?

Are businesses taking the threat of cybercrime seriously?

The news that Australian National University suffered from a massive hack, seeing 19 years of data stolen made headlines earlier this week. According to the ABC names, addresses, dates of birth, phone numbers, personal email…

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How to Prevent a Breach to Your Business Databases: Why Being Proactive Makes Sense

How to Prevent a Breach to Your Business Databases: Why Being Proactive Makes Sense

One of the reasons why cybercrime is on the rise is the importance of data in our daily lives, both personal and professional. As internet penetration keeps increasing and smartphones become a part of our…

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