The US Department of Justice and FBI have announced the results of an ongoing cyber crime initiative to disrupt and dismantle ‘bot herders’ and elevate the cyber security awareness of botnets. Operation Bot Roast is a national initiative in the US and ongoing investigations have identified over 1 million victim computer IP addresses. The FBI is working with its industry partners, including the CERT Coordination Center at Carnegie Mellon University, to notify the victim owners of the computers. Through this process the FBI may uncover additional incidents in which botnets have been used to facilitate other criminal activity. A botnet is a collection of compromised computers under the remote command and control of a criminal ‘bot herder’. Most owners of the compromised computers are unknowing and unwitting victims. They have unintentionally allowed unauthorized access and use of their computers as a vehicle to facilitate other crimes, such as identity theft, denial of service attacks, phishing, click fraud, and the mass distribution of spam and spyware. Because of their widely distributed capabilities, botnets are a threat to security, the information infrastructures, and even economies. Cyber security tips include updating anti?virus software, installing a firewall, using strong passwords, practicing good email and web security practices. Although this will not necessarily identify or remove a botnet currently on the system, this can help to prevent future botnet attacks.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more