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Half of German companies hit by sabotage, spying in last two years, BSI says


BERLIN More than half the companies in Germany have been hit by spying, sabotage or data theft in the last two years, the German IT industry association Bitkom said on Friday, and estimated the attacks caused around 55 billion euros' worth of damage a year.

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U.S. Justice Department shuts down dark web bazaar AlphaBay 21 Jul 2017

WASHINGTON The U.S. Justice Department said on Thursday it had shut down the dark web marketplace AlphaBay, working with international partners to knock offline the site accused of allowing a global trade in drugs, firearms, computer hacking tools and other illicit goods. | Video

Moscow in talks with U.S. to create cyber working group: RIA report 20 Jul 2017

MOSCOW/LONDON/WASHINGTON Moscow and Washington are in talks to create a joint cyber security working group, Russia's RIA news agency reported on Thursday, citing Andrey Krutskikh, a special presidential envoy on cyber security.

Russia says in talks with U.S. to create cyber security working group: RIA 20 Jul 2017

MOSCOW Moscow and Washington are in talks to create a joint cyber security working group, RIA news agency reported on Thursday, citing Russia's special envoy on cyber security Andrey Krutskikh.

Maersk applies new IT security systems after malware attack 20 Jul 2017

COPENHAGEN A.P. Moller-Maersk said on Thursday its anti-virus software was not effective against a new type of malware that hit the Danish shipping giant last month, but said further protective measures have now been put in place.

Russian sentenced in U.S. to five years prison for 'Citadel' malware 19 Jul 2017

A Russian man who U.S. prosecutors say played a role in developing the sophisticated malware known as "Citadel" used to steal personal financial information from thousands of computers worldwide was sentenced on Wednesday to five years in prison.

Former AVG executives beef up cyber security investment fund 17 Jul 2017

PRAGUE A group of former executives and investors from antivirus software maker AVG Technologies have raised an additional $55 million for their fund that invests in cyber security companies, its managing partner said.

FedEx says cyber attack to hurt full-year results 17 Jul 2017

Package delivery company FedEx Corp said a disruption in services in its TNT Express unit following a cyber attack last month would hurt its full-year results.

India's Religare says it suffers cyber attack 17 Jul 2017

MUMBAI Several units of India's Religare financial services group suffered a cyber attack, but its systems, operations and sensitive client information were secure and unaffected, it said on Monday.

Lithuanian must be extradited to U.S. in $100 million email fraud case: court 17 Jul 2017

VILNIUS A Lithuanian accused of swindling Facebook and Google out of more than $100 million through an email fraud scheme must be extradited to the United States to stand trial, a court in Vilnius ruled on Monday.

Global cyber attack could spur $53 billion in losses: Lloyd's of London 17 Jul 2017

A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as U.S. Superstorm Sandy in 2012, Lloyd's of London said in a report on Monday.

Calls for law change after Indians left in dark over data leaks 14 Jul 2017

MUMBAI Fears Indian telecom upstart Reliance Jio suffered a major data breach, compromising the personal data of over 100 million customers, have prompted calls for India to adopt more robust laws to protect consumers.

Former U.S. House staffers charged in sharing of lawmaker's nude photos 14 Jul 2017

Two former staff employees of a member of the U.S. House of Representatives have been indicted after an investigation into the circulation of private, nude images and videos of the member and the member’s spouse, U.S. Attorney Channing Phillips said on Thursday.

Trump Hotels discloses data breach at 14 properties 13 Jul 2017

Trump International Hotels Management LLC said late on Tuesday a data breach at a service provider compromised card payment details at 14 of its properties.

German military aviation command launches cyber threat initiative 12 Jul 2017

BERLIN The German military's aviation safety chief has launched a new initiative against cyber threats, citing research that he said shows hackers can commandeer military airplanes with the help of equipment that costs about 5,000 euros ($5,700).

India's Reliance Jio acknowledges systems breach in police complaint 12 Jul 2017

MUMBAI India's Reliance Jio Infocomm Ltd [RELIB.UL], which is looking into reports of a major leak of user data, has filed a police complaint alleging "unlawful access to its systems," a police officer involved in the investigation said on Wednesday.

Exclusive: Police detain man in probe of alleged data leak at India's Jio 11 Jul 2017

MUMBAI Police in the western Indian state of Rajasthan on Tuesday detained a man suspected of involvement in what may be a major leak of user data from India's newest telecoms company Jio, a police official said.

Austria drafts law to let police access messaging data 10 Jul 2017

VIENNA Austria is pursuing plans to give police authority to monitor messaging services such as WhatsApp and Skype in an attempt to "close the gap" on criminals who increasingly avoid communicating via telephone.

Foreign hackers probe European critical infrastructure networks: sources 10 Jul 2017

LONDON Cyber attackers are regularly trying to attack data networks connected to critical national infrastructure systems around Europe, according to current and former European government sources with knowledge of the issue.

German firms lost millions of euros in 'CEO Fraud' scam: BSI 10 Jul 2017

BERLIN German firms have lost millions of euros to organized crime in a scam dubbed "CEO Fraud" that uses faked memos from top executives to entice accounting personnel to transfer funds, Germany's federal cyber agency said on Monday.

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