AGENDA1 Information Security2 Access management3 Internet / Email Security4 Mobile Device Security
Username and password theft results in $800,000 loss in two daysCyber criminals used a compromised PC to rob more than $800,000 from HillaryMachinery, according to the Dallas Morning News. From the username andpassword, criminals accessed the corporateaccount at Plains Capital Bank in Plano, Texas.The bank had a twofactor authentication process using hard-coded IP addresses. Cybercriminals spoofed the IP address on the desktop, defeating the security measures andtransferring $800,000 over a two-day period.
The Bullet is Fired Code Red doubled its infection rate every37 minutes. Slammer doubled every 8.5 seconds, and infected 90% of unprotected servers in 10 minutes! Exploits now appearing just 5 days after the vulnerability is publicly disclosed! At its peak, 1 out of every 12 emails was infected with MyDoom!
Growth and Impact of Email Fraud Cost Description Source $60 Cost of Identity Theft in last 5 years in US FTCBillion 600 Individual time spent recovering from Identity Identity Thefthours Theft Resource Center 3.4% US Population fallen victim to Identity Theft Gartner In Canada, 13,000 cases of Identify Theft Computer reported World Canada 3% Estimated number of people reporting fraud to FTC FTC 3.5 Number of FDIC fraud messages caught by Symantecmillion Brightmail in one week in January 2004
. 48% of Companies Faced Social Engineering Attacks Claims Survey Social engineering attacks are on the rise and large companies are incurring huge losses due to them, a new report has revealed. According to a report commissioned by Check Point Software Technologies, 48 percent of large companies have been targeted with more than 25 successful social engineering attacks in the past two years. The report, which surveyed 850 IT and security professionals with companies in North America, Europe, Australia, and New Zealand, also revealed that for each social engineering attack, companies incurred losses between $25,000 and $100,000
Mobile Hacking Nearly Doubled In 2011The figures come from data collected by Symantec, which reported blocking morethan 5.5 billion malicious attacks in 2011, up 81% increase from 2010, while thenumber of Web attacks blocked per day increased by 36% percent.In addition, the number of unique malware variants Symantec tracked increased to403 million.The study also noted that approximately 1.1 million identities were stolen per databreach on average in 2011, a dramatic increase over the amount seen in any otheryear.