Cybercrime A Growth Industry, $445 Billion Lost

Cybercrime Remains Growth Industry With $445 Billion Lost - Businessweek: "Cybercrime remains a growth industry. That’s the main message from former U.S. intelligence officials, who in a report today outlined scenarios for how $445 billion a year in trade theft due to computer hackers will worsen. They warned that financial companies, retailers and energy companies are at risk from thieves who are becoming more sophisticated at pilfering data from their servers...." (read more at link above)

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Governments use secret cables to tap phones

Vodafone: governments use secret cables to tap phones - Telegraph: "Government agencies are able to listen to phone conversations live and even track the location of citizens without warrants using secret cables connected directly to network equipment, admits Vodafone today"

In some countries this means giving access to the content of phone calls and other electronic communications, or access to metadata such as the number of calls made, the numbers they were made to and the location of the caller when those calls were placed. In some countries, around six that Vodafone does business with but not including the UK, they are made to provide a "direct access" cable straight into their network to allow governments to siphon off any data they wish, without having to issue a warrant.

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Singapore, Massive Cyber Security Breach (video)

Singapore’s Massive Cyber Security Breach: Video - Bloomberg:
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Bloomberg’s Haslinda Amin reports on the largest cyber security breach in Singapore’s history, affecting over 3 million SingPass accounts. SingPass accounts allow Singapore’s residents to access 340 online transactions with government agencies. She speaks to John Dawson on Bloomberg Television’s “On The Move Asia. (Source: Bloomberg June 5)

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What Cybercriminals Are Looking For (video)

What Exactly Are Cybercriminals Looking For?: Video - Bloomberg:
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PWC Global and U.S. Cybersecurity Leader David Burg discusses cyber-threats on Bloomberg Television's “Bloomberg West.” (Source: Bloomberg, May 28)

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