18 November 2014

Beating cyber crime requires board leadership

EYresearch recently revealed that while awareness of these cyber threats is growing, most leaders believe their organizations are underprepared. Many report that they have no real-time insight on cyber risks and lack the agility to adapt quickly to fast-evolving threats. They also cite the lack of executive buy-in, budget and skills to combat rising cyber crime.

Click here to read more .... http://business.financialpost.com/2014/11/17/beating-cybercrime-requires-board-leadership/?__lsa=8e18-401f

‘High risk’ cyber-crime is really a mixed bag of threats

Lumping in alleged terrorist activity and major fraud with hamfisted phishing, Russian love goddesses and Nigerian princes serves to underplay the actual threat experienced at the sharp end. A sharp end where harm to the individual, the organisation and the nation state take place and where the policing resources do not get effectively focused.

As we piece together the picture, it soon becomes clear that cyber-crimes each have distinct modus operandi, covered by distinct bodies of law. At one level we have “crimes against the machine”, crimes that attack the integrity of the computer’s access mechanisms such as hacking and cracking, cyber-vandalism, cyber-spying, DDOS(distributed denial of service) attacks and viruses. In the UK, such offences are mainly covered by the Computer Misuse Act 1990 and the key source of evidence is found in the computer’s login and operating logs.
At another level lie the “crimes that use machines”, such as fraud, but also phishing or advanced fee fraud which use networked computer systems (often legitimately) to engage victims with the intention of dishonestly acquiring cash, goods or services. These crimes are covered by the Fraud Act 2006 and related legislation. The evidence is to be found in computer transaction logs and those of relevant financial systems.
Finally, there are the “crimes in the machine”. These are computer-content crimes that relate to the illegal content of computer systems. They include the trade and distribution of extreme pornographic and hate crime materials or materials that intend to deprave, corrupt or incite violence. In the UK these are covered by a range of laws including the Extreme Pornography laws (sections 63 to 67 of the Criminal Justice and Immigration Act 2008) and Hate Speech Laws, Communications Act 2003 and others. The evidence for these crimes is usually located in the computer’s main storage space.

Click here to read more .... http://theconversation.com/high-risk-cyber-crime-is-really-a-mixed-bag-of-threats-34091

Four 'volume crime hubs' target cyber-crime impacting the UK capital

At Falcon's launch Commissioner Sir Bernard Hogan-Howe issued a statement saying: "Falcon will see the Met have the best and, I believe, largest cyber-crime and fraud team in Europe, with up to 500 specialist officers dedicated to tackling this crime.” Currently the team comprises 300 officers, including those based at head office covering complex cyber-frauds and pro-actively targetting serious cyber-crime gangs.
Snelgrove explained the background to SC: "MOPAC (The Mayor's Office for Policing And Crime*) research found that only 12 percent of business crime in London was being reported to the police, and a lot of that was cyber-crime and fraud. Plus cyber-crime and fraud that was reported wasn't being prioritised, with both resourcing issues and boroughs prioritising issues such as burglary and robbery.  Now Falcon is prioritising cyber-crime and fraud, and the hubs have been set up  to encourage cyber-fraud to be reported directly to the Met. Falcon is only involved in crimes where there is some impact in London, so it targets cyber-crimes where either the victim or suspected perpetrator is in London. But we liaise with NCCU where there is a national impact and work closely with international colleagues (where appropriate)."

Click here to read more ....http://www.scmagazineuk.com/four-volume-crime-hubs-target-cyber-crime-impacting-the-capital/article/383711/