Foreign states targeting sensitive research at UK universities, MI5 warns | Cybercrime
MI5 has warned universities that hostile foreign powers are targeting sensitive research as ministers consider ways to strengthen protections. Vice-chancellors from 24 major educational institutions, including Oxford, Cambridge and Imperial College London, were briefed on the threat by Ken McCullum, director of the Internal Security Agency, and Felicity Oswald, director of the National Cyber Security […]
Students turning to cyberfraud as huge phishing site infiltrated, police reveal | Cybercrime
Police have revealed that university students are turning to cyber fraud to increase their income, and have hacked into a huge phishing site on the dark web that scammed tens of thousands of people. The site, called LabHost, has been active since 2021 and is a cyber-fraud superstore that allows users to create authentic-looking websites […]
Cybercrime Epidemic Costs Americans $12.5 Billion in 2023
The FBI’s Internet Crime Complaint Center (IC3) has revealed that economic losses from cybercrime in the United States have increased staggeringly, reaching an unprecedented $12.5 billion in 2023. This represents a 22% jump in losses compared to 2022. peepee computer report According to the FBI’s 2023 Internet Crime Report, the number of complaints related to […]
A 2017 tax law is hurting cybercrime victims — now Congress wants to make it permanent
The Tax Cuts and Jobs Act of 2017 (TCJA) punishes victims of cybercrime. These unintended consequences will need to be addressed in the pending tax cut extension bill as Congress returns for the 2024 session. The Washington Post recently reported on the impact of the current U.S. tax system on victims of cybercrime.In one incident, […]