The latest annual statistics from the UK’s National Fraud Authority show that more than £38bn have been lost over the last 12 months due to fraud. This amounts to an increase of more than 25%.The public sector (£21.2bn) reported the biggest part of the loss, while the private sector cost the government only £12bn, with another £4bn in losses from fraud against individuals.
According to the NFA the increase was to be expected, at least in part, due to improved reporting procedures. The figures include estimates for procurement (£2.4bn) and grant fraud (£515m) for the first time. Read more
After a very successful year 2010 and many product launches and recognitions, CoSoSys announced it had been acquired by leading European Unified Threat Management vendor Astaro. Astaro plans to take over and keep both the product range of the Romanian company and their team.
The two companies will continue to develop CoSoSys’ existing range of endpoint and mobile data security solutions,and will also collaborate on integrating CoSoSys’ device control, data loss prevention and endpoint security solution into Astaro’s Unified Threat Management solution, the Astaro Security Gateway, and on providing a level of overall security beyond any solution currently on the market. Read more
Four women living in the Waco area have been charged and arrested as a result of their conspiracy to commit identity theft. They have developed a scheme scheme involving stolen Fingerprint Applicant Services of Texas (FAST) applications required by licensing and certification entities such as the Texas Education Agency.
A seven count federal grand jury indictment, that was unsealed yesterday afternoon, charges 32-year-old Angela Cuellar, 38-year-old Yolanda Ramos, 33-year-old Diane Rivera and 29-year-old Christine Elifritz with one count of conspiracy to commit identity theft. Angela Cuellar has also been charged with six substantive aggravated identity theft counts while Elifritz and Ramos, with only one aggravated identity theft count. Read more
A formal undertaking was signed by the Scottish Court Service, after the Information Commissioner’s Office (ICO) reveiled that sensitive court documents were accidentally disposed of at a Glasgow recycling bank.
This breach was brought to ICO’s attention when a Scottish newspaper published details of the files containing appeal documents in September 2010. The documents in question have been lost by the editor of a series of law reports and the court service has failed to specify the procedure of keeping the documents safe. Read more
Due to the success the Stuxnet cyber worm has registered in slowing down the Iranian nuclear program and many other industrial systems around the world, variations of this malware are expected in 2011.
According to eWeek, the Stuxnet worm might have damaged up to 1,000 Iranian centrifuges, after infecting more than 62,000 computer systems in Iran alone. The very efficient and complex Stuxnet cyber worm raises serious concerns that its variants will manage to affect other systems around the world - beyond the traditional information technology targets. Read more
A laptop theft that occurred at a doctor’s home has prompted Dean Health System and St. Mary’s Hospital to offer identity theft protection to more than 3,000 patients. According to Kim Sveum, Dean spokeswoman, the laptop, which was stolen on Nov. 8 did not contain Social Security numbers, addresses, phone numbers, credit card numbers or other financial information
Dean and St. Mary’s released a statement about the situation Monday. and sent letters Saturday to more than 3000 affected patients. All of these patience have had had surgeries from 2001 through Nov. 8.
The doctor ,who has not been named, apparently stored the patient information on her personal computer, against Dean policy, Sveum said. Data on Dean computers are encrypted, she added.
Sveum wouldn’t say if the doctor was disciplined. Dean and St. Mary’s “are undertaking comprehensive reviews of this breach of policy” and reminding employees to protect patient privacy, the statement said.
Along with the laptop, the doctor reported the theft of an iPod, a jewelry box and a purse stolen from her home in Fitchburg, said Lt. Todd Stetzer of the Fitchburg Police Department. Only the purse has been recovered.
This was not the only house breaking in the area and it had occurred through an unlocked patio door.
The patients affected by the theft are being allowed to sign up for one-year identity theft service, including up to $20,000 in reimbursements for expenses from resolving any identity theft issues. However, no problems have been reported so far, and the risk appears to be small, Sveum said.