Organizations lost $2.7 billion to Internet-enabled theft, fraud and exploitation in 2018, with business e-mail compromise scams resulting in the highest of these financial losses, according to the FBI’s Internet Crime Complaint Center (IC3).
The FBI has mislead Congress and the public about the extent to which encrypted cellphones are hampering federal investigations by preventing authorities from accessing the devices–presumably to support the agency’s own agenda to gain backdoor access to them.
Three men have pleaded guilty in U.S. federal court for their role creating and renting out the Mirai botnet, which launched damaging denial of service attacks against the U.S. firm Dyn and other online properties, the website Krebs on Security reports.
The Department of Homeland Security is warning that commercial drones made by the China-based firm Da Jian Innovations (DJI) may be providing “U.S. critical infrastructure and law enforcement data” to the Chinese government and favored industries in that country, according to a copy of an August, 2017 Intelligence Bulletin (PDF) published by the website Public Intelligence.
In-brief: data from the firm Symantec shows that financial malware targeting banks – not ransomware- is the most important and oft-used tool in the cyber criminal’s toolbox.