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Fresh off dealing with chaos caused by last month's ransomware attack, the city of Baltimore has a new problem to deal with -- the $18 million in damages that came with it. . On May 7th, the city's government computer systems were infected with aggressive ransomware called RobbinHood which encrypted hard drive data to prevent access. Each computer affected by the attack demanded a payment of 13 bitcoin (over $75,000) for users to regain access to their files. Gizmodo reports that the FBI specifically advised the city against paying the ransom as it would not not reduce cybersecurity costs. The link for this article located at Engadget is no longer available. . On May 7th, the city's government computer systems were infected with aggressive ransomware called R. fresh, dealing, chaos, caused, month's, ransomware, attack, baltimore. . LinuxSecurity.com Team
Male. Between 30 and 50 years old. Residing in California, Texas, Florida or New York. That's the most likely profile for a 2006 victim of web-based crime, according to a report from the FBI and the National White Collar Crime Center. The Internet Crime Complaint Center (IC3) processed 10 percent fewer cybercrime complaints last year than during 2005, according to the report. The amount of money lost, however, increased. The total dollar loss from all referred cases was more than $198 million for 2006, a $15 million increase from the year before. . Of all internet crime complaints, fraud was by far the most reported offense, comprising nearly 45 percent of all complaints. Non-delivered merchandise made up 19 percent of those referrals. The highest median losses were reported by victims of Nigerian letter fraud, also known as 419 scams, with an average loss of $5,100. The report also showed that in 74 percent of cases, email was used for the primary contact, while websites were used in 36 percent. The vast majority of all perpetrators were from the United States, according to the report. Of those, 75 percent lived in California, New York, Florida, Texas, Illinois, Pennsylvania and Tennessee. The agency also identified cybercriminals in the United Kingdom, Nigeria, Canada, Romania and Italy. Ninety percent of victims resided in the U.S. The FBI and IC3 also noted that recent high-activity scams included hit man and counterfeit checking scams and site-spoofing phishing attempts. The FBI warned that only one in seven fraud incidents are ever reported to law-enforcement authorities, according to a 2005 survey from the National White Collar Crime Center. The link for this article located at SC Magazine is no longer available. . Of all internet crime complaints, fraud was by far the most reported offense, comprising nearly 45 p. between, years, residing, california, texas, florida, that's. . Brittany Day
NEW YORK (Reuters). The average identity theft fraud fell 9 percent to $5,720 from $6,278, while the median The link for this article located at eWeek.com is no longer available. . The average identity theft fraud fell 9 percent to $5,720 from $6,278, while the medianThe link for . (reuters), average, identity, theft, fraud, percent, while. . LinuxSecurity.com Team
A confidential briefing for the Attorney-General's Department, prepared by the Australian Institute of Criminology, lashes the music and software sectors. The draft of the institute's intellectual property crime report, sighted by The Australian shows that copyright owners "failed to explain" how they reached financial loss statistics used in lobbying activities and court cases. Figures for 2005 from the global Business Software Association showing $361 million a year of lost sales in Australia are "unverified and epistemologically unreliable", the report says. . BSAA chairman Jim Macnamara said the figure was an extrapolation, but other studies had supported it. "They're entitled to say they're not convinced, but not necessarily entitled to say it's unverified," he said. The study, which says some of the statistics used by copyright owners are "absurd", will be redrafted after senior researchers disagreed with its conclusions. The link for this article located at Australian IT is no longer available. . BSAA chairman Jim Macnamara said the figure was an extrapolation, but other studies had supported it. confidential, briefing, attorney-general's, department, prepared, australian, institute. . LinuxSecurity.com Team
Virus attacks, unauthorized access to computer systems and other forms of cybercrime account for up to 75 percent of the financial losses at U.S. companies. These losses can also result in a yearly hit in the hundreds of thousands of dollars for each firm. . Don The link for this article located at eSecurity Planet is no longer available. . Digital offenses result in substantial economic damage for organizations, severely impacting their profit margins. Uncover the repercussions.. Financial Impact, Cybercrime Analysis, Company Losses. . LinuxSecurity.com Team
On the surface, the results of the 11th annual CSI/FBI Computer Crime and Security Survey are positive, with fewer companies reporting financial loss from data breaches compared to last year. But a majority of companies are still reluctant to report security breaches to law enforcement, suggesting that the survey isn't capturing the full extent of the problem. . The Computer Security Institute (CSI) and the San Francisco Federal Bureau of Investigation's (FBI) Computer Intrusion Squad released its 2006 report Thursday after surveying 616 computer security practitioners in U.S. corporations, government agencies, financial and medical institutions and universities. The average loss reported by respondents was $167,713, an 18% decrease over last year's average loss of $203,606. The link for this article located at Search Security is no longer available. . The Computer Security Institute (CSI) and the San Francisco Federal Bureau of Investigation's (FBI) . surface, results, annual, csi/fbi, computer, crime, security, survey, positi. . Brittany Day
Identity theft, reportedly America's fastest rising crime, cost US lenders at least $1 billion last year. That's according to an estimate by analysts TowerGroup, which published a report on the problem, titled Identify Theft: Lenders Are Victims, Too, earlier this week. . .. Identity theft, reportedly America's fastest rising crime, cost US lenders at least $1 billion last year. That's according to an estimate by analysts TowerGroup, which published a report on the problem, titled Identify Theft: Lenders Are Victims, Too, earlier this week . Precise figures on the exact loss due to identity theft are hard to pinpoint, but there is little doubt about the seriousness of the problem. In 2002, 161,819 individuals in the US reported to the Federal Trade Commission that their identity had been stolen - bringing the number of reported US incidences of identity theft to nearly 300,000 since the launch of a database clearinghouse in 2000. The link for this article located at SecurityFocus is no longer available. . Identity theft, reportedly America's fastest rising crime, cost US lenders at least $1 billion last . identity, theft, reportedly, america's, fastest, rising, crime, lenders, least, billion. . LinuxSecurity.com Team
In Shakespeare's Othello, Iago laments that "he that filches from me my good name/Robs me of that which not enriches him/And makes me poor indeed." In the modern world, by contrast, filching someone else's good name through identity theft can significantly . . . . In Shakespeare's Othello, Iago laments that "he that filches from me my good name/Robs me of that which not enriches him/And makes me poor indeed." In the modern world, by contrast, filching someone else's good name through identity theft can significantly enrich the criminal and impoverish the victim. Contrary to some views, identity theft is indeed about numbers and about money. A recent study by Meridian Research makes the projection that by 2006 the financial institution sector alone will lose $8 billion to identity theft. In addition, an estimated 500,000 to 700,000 people a year become victims of identity theft, and Federal Trade Commission data show that nearly 86,000 people filed identity theft complaints in 2001. Many of those people suffer significant financial loss. Furthermore, when terrorists exploit identity theft, the financial and human costs to society as a whole can be catastrophic. What's the proper response to identity theft? In a recent Perspectives column, David Holtzman properly notes that the nature of digital communications has helped to create an environment that facilitates identity theft. At the same time, he asserts that identity theft legislation will not effectively contain the problem, in part because "it's too difficult to enforce, let alone prove, for legal action to be an effective deterrent" and because "the basic ammo to load the judicial guns (for enforcement actions)--such as clear guidelines on identity--is not at hand." The link for this article located at ZDNet is no longer available. . In Shakespeare's Othello, Iago laments that 'he that filches from me my good name/Robs me of that wh. shakespeare's, othello, laments, filches, name/robs. . LinuxSecurity.com Team
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