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Category: Economic Crime Cybersecurity News

Deception, Fraud and Social Media: Reviewing the ‘Card Cracking’ Scam

“Card Cracking” is a growing social media scam that is becoming a massive problem for millions unsuspecting users on Twitter, Instagram and other social media tools, as well as financial institutions. Read more  

Compliance is major growth area in the US Financial Sector!

Compliance Guru—and Banker Ire The real growth area in U.S. finance is compliance. That’s definitely a bummer for people trying to make money. Is it also bad for the economy? Read more…

FBI Warns of Fictitious ‘Work-from-home’ Scam Targeting University Students!

College students across the United States have been targeted to participate in work-from-home scams. Students have been receiving e-mails to their school accounts recruiting them for payroll and/or human resource positions with fictitious companies. The “position” simply requires the student to provide his/her bank account number to receive a deposit and then transfer a portion…
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FBI Warns of University Employee Payroll Scam!

University Employee Payroll Scam University employees are receiving fraudulent e-mails indicating a change in their human resource status. The e-mail contains a link directing the employee to login to their human resources website to identify this change. The website provided appears very similar to the legitimate site in an effort to steal the employee’s credentials.…
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October Is National Cyber Security Awareness Month

October is National Cyber Security Awareness Month. For more info. visit http://www.dhs.gov/national-cyber-security-awareness-month-2014  

The Worsening Threat

In February, online protection firm Iovation determined the top continents that were victims of online fraud during 2012. ACFE founder and Chairman Dr. Joseph T. Wells, discussed the cyber crime threat by mentioning that small businesses have been increasingly made a target. Large organizations often implement stronger controls to protect against cyber attack. Small businesses…
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Do You Know Which Sites Properly Encrypt Your Data?

The Electronic Frontier Foundation (EFF) has recently created a chart of well-known companies, that reveals who’s doing encryption well, and who is not. The EFF compared companies such as Apple, Amazon, Dropbox, and Google. Surprisingly, a company such as Microsoft doesn’t encrypt your information as much as one would think. View the full chart here.

Tech Firms Behind

A recent study has shown that technology businesses are not as near protected from cyberattack than financial companies, and the energy and retail sectors are. The study was based on security risk rating systems of technology businesses; factors such a data breaches and levels of spam were taken into consideration. Although financial institutions are the…
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Philo Testifies on Cyber

Raymond Philo gave a testimony at the public hearing, “Cybersecurity: Defending New York from cyber attacks,” that took place at the Griffiss Institute in Rome, NY. Philo touched on many cybersecurity topics that are troubling to New York, as well as the nation. Read the full press release here.

The Impact of Cybercrime

Recent studies have been completed on the evolution of principal cyber threats in the security landscape. Security firms have provided estimations of the annual monetary losses suffered by their clients, due to re-occuring cyber crimes. Cyber crimes seem to be influenced by national laws, and the pressure of local law enforcement agencies. Within the linked…
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