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Cyber Security

Outwitting evil in The Age of Sophisticated Cyber-Criminality.

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By late May, 2000 it was common. In the suburbs that circle Manhattan and the villages surrounding Paris. In Tokyo, Toronto and Topeka. And Melbourne, Moscow and Mumbai. In a word, everywhere.  All around the globe, hundreds of thousands of bank statements made the same statement: “YOU’VE BEEN ROBBED!”

What had happened?
I LOVE YOU. Arguably history’s most infamous and destructive worm attack had just given the whole world an amorous embrace….And picked its pocket! Millions of unsuspecting computers crashed, or suffered file corruption. Or very costly  theft. No one knows how much money was lost.

But that was just the beginning.

On August 12, 2003, the Blaster Worm slithered past weak system services and into Windows computers. Millions went down. Repeatedly. Hundreds of thousands of Windows PCs were never the same.

By January 17, 2007, Storm Worm, a slimy email spamming threat, had begun its reign of terror. Disguised as a current events email featuring bogus news stories, Storm plagued as many as ten million PCs by September. Causing widespread document loss and chronic system failure.

There was Conflicker, Klez and Code Red. Zlob, Zeus and Netsky. Pro Rat, Koobface and Bifrost. And thousands more that wreaked just as much havoc.

Fact is, the first decade of the twenty-first century has now been acknowledged by Internet Security Engineers, Sociologists and Law Enforcement Agencies as the beginning of an age of Sophisticated Cyber-Criminality, the likes of which man has never before seen! – Yet now, as we cautiously tip-toe through the second decade of the twenty-first century, it seems the world’s brutish army of techno-thugs has just gotten larger and more devious.

By June 2011, they’d unleashed The Morto Worm. And just earlier this month, on January 6th, a Red Tape Chronicles report on msnbc.com proclaimed: “New virus raids your bank account. But you won’t notice.” 

So, what should we conclude? That the Evil rule the Internet?

That we should resign ourselves to their terror attacks? And accept their destruction and plunder?

Resign? Accept? Tip-Toe? No! We must…….Outwit!

And in 2007, that’s exactly what the scientists at Comodo did. Announcing in an August 16th press release that they had succeeded in “transforming desktop security from a detection-based to a prevention-based” model. – Suddenly, the White List Strategy had replaced the Black List Strategy.

You see as early as 2006, Comodo R&D had posited that the only way to stop the escalating onslaught of viruses, worms, Trojans, spyware and other destructive malware was to make a radical strategic shift. To reject the conventional “detection” philosophy that served only to protect a PC from a list of notoriously unsafe files that were ALREADY known. And instead, initiate a new “prevention” philosophy that only allowed a PC to run the millions of safe files registered on a periodically updated White List, embedded within incorruptible code. The scientists of Comodo called their new technology Defense+. It’s Comodo’s unique version of the industry’s most advanced Internet Security System, the Host Intrusion Prevention System (HIPS).

Today, Comodo Internet Security Pro and Complete 2012 are next generation versions of the bold thinking Comodo R&D initiated six years ago. They feature Comodo’s own patent-pending Auto-Sandbox Technology. An advance that instantaneously spots and isolates any file not found on our White List. It tests such files for safety. Then turns them over to our Antivirus component to be destroyed if they’re found to pose any threat. – All while experts within Comodo’s R&D facility actually observe and assess remotely, 24/7/365. Amazing!

This is why Comodo Internet Security Pro and Complete 2012 are the ONLY Internet Security Software products available today that confidently come with a $500 Virus-Free Guarantee.

This is why Comodo Internet Security Software has been rated No.1 by Matousec, the industry’s toughest and most venerable Internet Security Software tester. For three years running.

But most important of all, this is why PC users everywhere no longer have to resign themselves to the havoc, destruction and plunder caused by malicious malware and the evil minds that devise it. Because you can count on this. The I LOVE YOUs, Storm Worms and Mortos of the future will NOT succeed.

Will NOT breach the ramparts of your PC.

Will NOT corrupt your documents.

Will NOT rob your ID or steal your savings.

That is, as long as your ramparts are protected by Comodo’s Internet Security Software.

Comodo. Science Not Hype.

– Glenn Scheuer

To find out more, simply visit Comodo.com/home/internet-security/internet-security-pro.php.

TEST YOUR EMAIL SECURITY GET YOUR INSTANT SECURITY SCORECARD FOR FREE Source: https://blog.comodo.com/malware/outwitting-evil-in-the-age-of-sophisticated-cyber-criminality/

Cyber Security

Digitally Signed Bandook Trojan Reemerges in Global Spy Campaign

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The administrator of your personal data will be Threatpost, Inc., 500 Unicorn Park, Woburn, MA 01801. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter.

Source: https://threatpost.com/digitally-signed-bandook-trojan-spy-campaign/161676/

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Cyber Security

MacOS Users Targeted By OceanLotus Backdoor

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The administrator of your personal data will be Threatpost, Inc., 500 Unicorn Park, Woburn, MA 01801. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter.

Source: https://threatpost.com/macos-users-targeted-oceanlotus-backdoor/161655/

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Cyber Security

Pandemic, A Driving Force in 2021 Financial Crime

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The administrator of your personal data will be Threatpost, Inc., 500 Unicorn Park, Woburn, MA 01801. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter.

Source: https://threatpost.com/2021-financial-crime-covid-19/161665/

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Big Data

Contactless payments market to reach US$ 26.3 billion by 2027

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Contactless Payments Market To Reach US$ 26.3 Billion By 2027

The global contactless payments market is expected to surpass US$ 26.3 Billion by 2027 end, registering a CAGR of 12.9% during the forecast period of 2019 to 2027), as highlighted in a report published by Coherent Market Insights.

Increasing demand for contactless payments from the retail sector is expected to drive market growth during the forecast period. Retailers are modernizing their brick-and-mortar stores to offer secure services to customers and establishing online stores to increase revenue.

They are adopting advanced technologies such as big data analytics and cloud computing to increase their presence in the market. Retail manufacturers are using contactless payments methods that provide many benefits, such as reduced transaction time, increased operational efficiency, increased revenue, minimized cost, and others. Contactless payment methods at retail stores reduce transaction process and queue in counter.

Moreover, governments are also focusing on introducing new payment methods in order to increase productivity and remain competitive in the market. For instance, in December 2016, the government of India launched BHIM app for Unified Payment Interface (UPI). The common UPIbased BHIM app allows the user to send and receive money through their mobile phones by linking their bank accounts. For instance, according to Coherent Market Insights’ analysis, the number of transactions done through the Bharat Interface for Money (BHIM) app reached 18.8 million in February 2020.

Contactless Payments Market – Impact of Coronavirus (Covid-19) Pandemic

According to Coherent Market Insight‘s study, globally, most of the countries are affected by COVID-19 and most of the countries have announced lockdown.Contactless payment have become more preferred payment method, as it requires less physical interactions.

Smartphone based payment interface and digital wallets are the potential solutions to contain the spread of coronavirus pandemic. Moreover, recent developments in digital payments have encouraged the use of contactless payment methods during this pandemic. For instance, in April 2020, Upgrade Inc., a U.S.-based loan company, launched new contactless credit card. The new credit card provides high transaction limit than other payment methods.

Moreover, bank authorities and card network in Germany, U.K., Austria, and other countries have set higher transaction limit, as people are staying at home and prefer shopping through payment cards only. For instance, U.K Finance Limited increased the transaction limit for contactless payment cards starting from 30 Euros to 45 Euros. This, in turn, increases demand for contactless payment solutions.

Key Trends and Analysis of the Global Contactless Payments Market:

  • Europe held dominant position in the global contactless payments market in 2019 and is expected to retain its dominance throughout the forecast period. This is owing to increasing payment through smart cards. For instance, according to the Electronic Transactions Association (ETA), contactless payments through Mastercard and Maestro increased by 145% in Europe in 2018. Furthermore, in 2019, according to Coherent Market Insights’ analysis, the transactions through contactless payment methods reached 651 million in the U.K.
  • Asia Pacific is expected to show significant growth over the forecast period. The increasing adoption of contactless payment methods from retail industry is fueling the market growth. Retailers are modernizing their conventional payment methods with contactless payment methods, in order to improve productivity and efficiency in the business.
  • Among device type, the smartphone segment held dominant position in the market in 2019 and is expected to retain its dominance during the forecast period. This is owing to increasing demand for live streaming from consumers. For instance, the online video streaming market is expected to exceed US$ 70,000 million in 2021 from US$ 30,000 million in 2016.
  • Major players operating in the global contactless payments market include Thales Group, Infineon Technologies AG, Ingenico Group, Wirecard, VeriFone, Inc., Giesecke+Devrient GmbH, IDEMIA, Track Innovations LTD., Identiv, Inc., CPI Card Group Inc., Setomatic Systems, Valitor, PAX, PINPAD, Mobeewave, alcineo, and Paycor, Inc.

Source: https://www.fintechnews.org/contactless-payments-market-to-reach-us-26-3-billion-by-2027/

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