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Month: October 2013

Watch Out China, Here Comes Indonesia

Cyber attacks are constantly on the rise, and recent reports have shown that China is not the top country to blame. In the second quarter, Indonesia accounted for 38 percent of cyber attacks (a 21 percent increase from the first quarter), and China came in behind Indonesia, being held accountable for 33 percent of cyber…
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The Insider Threat, Is the Biggest Threat

Internal threats are, and will continue to be the biggest threats brought upon an organization (in terms of data security and privacy). According to a recent study, only 42 percent of the North American and European small and midsize business workforce surveyed had received training in regards to how to remain secure at work. Organizations…
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Poker Master, $70 Million Ponzi Scheme

Police are currently investigating an international poker player along with an Australian accountant for taking part in a $70 million Ponzi scheme. Fraudulent documents were used to access loans from Commonwealth Bank (Australia’s largest bank), and transfer funds to their private bank accounts. Prior to this occurrence, the poker-player was already the subject of a…
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Companies Face Asset Misappropriation Risks

Every organization is faced with their own specific risks, due to the nature of the organizations themselves. ACFE research has shown that asset misappropriation schemes account for more than 85 percent of all occupational frauds. There are many ways in which an organization can work to prevent, detect and investigate asset misappropriations. ACFE is offering…
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Disability Fraud

Disability fraud is a costly factor for many companies year in and year out. The average disability fraud consists of faking an injury after an accident or exaggerating the seriousness of an injury. Fraud examiners are working to stay ahead of those committing disability fraud, seeing that judges, lawyers and doctors are taking part in…
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Virus That Locks Your Files & Demands Bitcoin Ransom

Over the past few months, the CryptoLocker virus has infiltrated many computers world wide. This particular virus installs itself in a user’s “Documents and Settings” folder, proceeds to scan the hard drive for various file types and then encrypts them. After the virus encrypts the designated documents, a ransom is demanded with a designated period…
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Hack Attacks

Anti-malware researchers have identified seven techniques that hackers use to prey on “easy dupes,” and rip off even the savviest users. Malware and hackers are stealthy and conniving; exploiting laziness, lapses in judgement, or plain idiocy. Read the full article to read up on these seven techniques.

JP Morgan Currency Trader Under Investigation

JP Morgan’s senior currency trader is under investigation for sending instant messages to traders at other firms while he was working at the Royal Bank of Scotland (RBS). The instant messages included information regarding his trading positions, which are currently being analyzed by the Financial Conduct Authority (FCA). Such leaked information could have had an…
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WetStone Technologies Chosen as Distributor of AIS’s WiFi Investigator

WetStone Technologies has recently been chosen as a distributor of AIS’s WiFi Investigator product. ECI Board Member, Chet Hosmer, who is also the Chief Scientist and Senior Vice President of WetStone Technologies states, “We have a long standing relationship with AIS and many of their talented staff. I have followed with great interest their innovations and…
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Senator Griffo Visits UC

Last week, Senator Joseph Griffo made a visit to Utica College. Senator Griffo spoke on the topics of college affordability and connections between colleges and businesses. An ongoing issue that was mentioned, includes the ability to provide a well trained and educated workforce for industries that are expected to join our area, such as nanotechnology.…
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