Cybercrime

There were almost 10,000 new cases of fraud reported in the UK every day in 2018, according to Office for National Statistics (ONS) figures. The problem is endemic, and to James Hatch, Chairman of The Intelligence Network – a BAE Systems initiative that has brought in 1,500 partners since its tentative formation last year – the gulf between cybersecurity and fraud teams is part of the problem.

https://www.cbronline.com/interview/the-intelligence-network-bae-systems

The number of cyber incidents reported by financial services firms increased nearly 12-fold in 2018 from 2017, mainly due to third-party failures, highlighting several key areas that need improvement

https://www.computerweekly.com/news/252466038/Huge-jump-in-cyber-incidents-reported-by-finance-sector

If you see an unfamiliar notification on your Google Calendar, don’t be too quick to click on the link. You could fall victim to a new form of phishing attack, warns cybersecurity expert Kaspersky Lab.

https://www.thestar.com.my/tech/tech-news/2019/06/20/phishing-scam-detected-in-google-calendar-security-expert/?mc_cid=e0cc0b77e7&mc_eid=d48711f7ed

An industry group aimed at improving cyber security by tackling enduring challenges has called for collaboration in the fight against cyber fraud

UK police are gearing up to make it easier for business to report cyber crime, saying that under-reporting continues to be a challenge

A new ransomware called LooCipher has been discovered that is actively being used in the wild to infect users. While it is not known exactly how this ransomware is being distributed, based on some of the files that were found, we believe it is through a spam campaign.

https://www.bleepingcomputer.com/news/security/new-loocipher-ransomware-spreads-its-evil-through-spam/#.XRVFVftgow8.twitter

Vulnerable open source software components are posing a security threat to UK firms, according to a report that also shows how best practice, including automation, can reduce the risk

https://www.computerweekly.com/news/252465594/UK-firms-downloading-vulnerable-open-source-software

Businesses need to ensure they are able to defend against a wide range of threats in the face of increased malicious Office documents, Mac malware and web application exploits, report shows

https://www.computerweekly.com/news/252465654/Cyber-attackers-using-wider-range-of-threats

Benchmarking report shows average phish-prone percentage across all industries and sizes of organisations at 29.6% – up 2.6% since 2018

Small businesses may not be the weakest link in the supply chain after all, with a lack of skills and best practices being bigger factors, a study by (ISC)² reveals