cyber attacks

International cybercriminals with advanced hacking skills are continuing to launch cyber attacks on American banks. That's why the Federal Bureau of Investigation is encouraging United States financial institutions to work together to prevent such ... attacks from succeeding. At a recent press event held by Reuters, FBI executive assistant director Richard McFeely said his agency has been working closely with U.S. bank leaders to devise a strategy for preventing the successful execution of cybercrimes. Cooperation Key to Protecting Against Cyber Attacks McFeely said his primary message in those ... (view more)

A new report suggests that the costs associated with cyber crime continue to rise. According to a study funded by hardware firm Hewlett-Packard, on average cyber attacks are costing companies 56 per cent more money to resolve than the year previous. ... The study, which was conducted by the Ponemon Institute, is called the "Second Annual Cost of Cyber Crime." It finds that the median annualized cost of attacks rose to $5.9 million a year, up from $3.8 million last year. (Source: latimes.com ) Big Companies Face 70+ Attacks Each Week According to the report, 50 organizations participating in the ... (view more)

In the Citizen Lab at the University of Toronto, a new breed of hacker-investigators monitoring how traffic is routed through countries where web sites are blocked and why it is happening are reportedly conducting digital espionage --- turning their ... attention to a new weapon of international warfare: cyber attacks. "Hacktivists," led by Ronald J. Deibert, director of Citizen Lab, referred to as the "NSA of operations," set out to help residents in countries that censor online content, but have ended up tracking wars. Citizen Lab researchers created a software tool called Psiphon that helps ... (view more)