Financial Fraud Action announces:
Total fraud losses on UK cards fell to £169.8 million between January and June 2011 – a 9 per cent reduction compared with losses in the first half of 2010. (…)
Online banking fraud losses totalled £16.9 million during January to June 2011 – a 32 per cent fall on the 2010 half-year figure. (…)
The NFA estimated that fraud in all its guises costs the UK more than £38 billion a year – card and banking fraud accounts for only 1.2 per cent of this figure.
Not that doomed after all?
Computerworld reports:
The criminals have new targets these days, the officials said. Increasingly, they are targeting sectors like retail and hospitality, instead of simply focusing on financial institutions, Martinez said. “Why hack into Citibank and steal 10 million pieces of information when you could hack into restaurants and get the same information and not have a big target, a bulls-eye, on your back?”
The EpochTimes on a recent report of the Government Accountability Office:
It found 41,776 cybersecurity incidents in 2010, up from just 5,503 in 2006. The GAO also analyzed the security practices of two dozen federal agencies, and gave recommendations on improving federal cybersecurity in line with the Federal Information Security Management Act of 2002. It noted, however, these implementations were not yet in place.
“An underlying reason for these weaknesses is that agencies have not fully implemented their information security programs,” states the report. “As a result, they have limited assurance that controls are in place and operating as intended to protect their information resources, thereby leaving them vulnerable to attack or compromise.”
The art of statistics – more calls, more cyber:
Homeland Security Department (DHS) of the U.S. has said that the number of cybercrimes has sharply risen as compared to previous records. The DHS said that the cyber experts working on the Control System Security Program have tackled 342 requests for assistance so far this year, while the number of such requests in 2010 was only 116, deploying the Emergency Response Team seven times this year as compared to only once or twice in previous years.