New IoT Botnet DDoSes Russian Bank

A brand new botnet has emerged and was spotted on April 16th, yet details have only been made public earlier today. It appears the person behind this new threat scanned for vulnerable IOT devices on port 81. When this unusual amount of port 81 traffic was first discovered, security researchers were a bit unsure as …

Cyber Breaches on the Financial sector skyrocketed in 2016

More than 200 million financial services records were breached in 2016, representing a 937% percent increase over the previous year, according to data from IBM. The monetary gains associated with corporate and customer data available throughout the financial sector proved appetising to cybercriminals in a year which saw hackers switch their focus away from the …

CHIS, Kids Safety online: ICANN – a huge disappointment and a worry

The Children’s Charities Coalition on Internet Safety (CHIS) has expressed concerns that ICANN (The Internet Corporation for Assigned Names and Numbers), is not keeping the internet safe and secure for children. A new domain, .kids, can be bought by anybody wishing to set up a new website, without any relevant safeguarding checks taking place – …

Hackers Hijack Brazilian Bank’s Entire Online Operation

Wired.com reports of an enterprising group of hackers targeting a Brazilian bank who managed to reroute all of the bank’s online customers to perfectly reconstructed clones of the bank’s properties, where the marks obediently handed over their account information. Researchers at the security firm Kaspersky on Tuesday described an unprecedented case of wholesale bank fraud, …