Tag: cyber security
Email scams costing businesses $billions
(CNS Business): Unsuspecting employees in Cayman are being targeted by criminals with ‘Scareware’ and sophisticated email scams, enabling them to siphon off cash from these companies without the need for complex hacking techniques. The FBI’s Internet Crime Complaints Center (ICC) has issued an alert surrounding Business Email Compromise (BEC), which it called the $3.1 Billion […]
Financial industry waking up to scale of cyber threat
(CNS Business): Cyber security is fast becoming the number one global business concern, and with hedge fund managers seen as being particularly susceptible, a sustained attack on the industry could have a major systemic impact here, as experts warn that Cayman firms are already being targeted by cyber-criminals.
Local trade website hack hits 1,000s of users
(CNS Business): The Cayman-based web directory and trading site, Ecay Business, has been hacked, impacting what the local regulator has said is thousands of user accounts, passwords and email addresses. Users are being urged to change their passwords and any other passwords they use on other sites similar to the ones used on Ecay.
Cybersecurity future focus for fund managers
(CNS Business): Cloud computing and cybersecurity have become major concerns across the hedge fund industry for regulators as well as investors, according to EY’s 2014 global hedge fund and investor survey: Shifting strategies: winning investor assets in a competitive landscape. Of all managers surveyed, 85% said that security concerns are the main impediment in using […]
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