“Cyber crime will restrict business growth and in the worst cases put firms out of business. This will inevitably impact of the financial growth of the whole country,” said Mr Adams-Mercer who is the founder TheSnugg.com – an international retailer of high-quality iPad and SmartPhone covers.
“We are constantly being told that the police service is facing cuts and some of these cuts are in cyber protection units. We need to be told what services they can provide in the future because the threats from cyber criminals will increase.
NEW DELHI: Delhi Police has got a shot in the arm to fight cyber crime. A state-of-the-art cyber lab has been set up for the crime branch through which cops will not only be able to solve cases quicker but also have trained personnel at their disposal to investigate the cases. Inaugurating the lab, police commissioner BS Bassi said that the step was taken after a quantum jump was witnessed in such cases over the past few years.
Cyber fraud can irreparably damage an SME’s reputation, which in turn can impact on its growth. At the moment, it appears that the issue of cyber security is also relatively low on the boardroom agenda, with over half of leaders saying that other matters always seem more urgent.
1. The Cloud Is Not Immune
An old quote attributable to bank robber Willie Sutton is that he robs banks because that’s where the money is. So it goes for data. As more data migrates to the cloud, targeting that data will increase.
Editor's Note: The following post comes to us from Paul A. Ferrillo, counsel at Weil, Gotshal & Manges LLP specializing in complex securities and business litigation, and is based on a Weil Alert authored by Mr.
NEW YORK — Because the sums were large and such attacks are relatively new, the two Middle East banks hit in a US$45-million ATM heist face an uncertain path in trying to recover their losses, financial, insurance and legal experts say.