ICYMI: IoT alarms, Russia v Clinton v2, FireEye layoffs, cyber-crime Olympics

In case you missed it (ICYMI) this week, concerns over IOT burglar alarm, more attacks to come on Clinton campaign, FireEye redundancies and the Olympics of cyber-crime.

Internet connected alarms: are they safe?
Internet connected alarms: are they safe?

Insurance firm now offering discount on use of IoT alarm

Insurance firm Zurich is offering a discount on monthly insurance fees should a customer use the IoT alarm offered by Cocoon, despite security concerns over IoT devices. [Read more]

Russians predict further attacks on Clinton's campaign HQ - immunity offered to hackers

Hackers are preparing further attacks on the campaign headquarters of US presidential candidate Hillary Clinton, senior officers of the general staff of Russia's Armed Forces foreign military intelligence Main Intelligence Agency (MIA) recently told SCMagazineUK.com. [Read more]

FireEye layoffs as cyber-criminals gorge on low-hanging ransomware

Security firm FireEye is said to be laying off hundreds of staff as a result of what is perceived to be a tactical shift among the global cyber-criminal community. With the firm's software aligned towards protection for larger-scale compromises, the suggestion is that smaller-scale ransomware attacks are essentially easier to clean up without recourse to the scale of technology provided by FireEye. [Read more]

New malware campaign spreads backdoors instead of ransomware

One of the most active Trojans this year has changed tactics and now installing backdoors on target machines instead of ransomware. Nemucod was used in several large campaigns in 2016, having reached a 24 per cent share on global malware detections in March this year, according to the firm. [Read more]

Will Rio Olympics herald a carnival of cyber-crime?

Research from Fortinet FortiGuard Labs suggests that as far as cyber-threats are concerned, the Games of the XXXI Olympiad in Rio de Janeiro deserve special attention. This, says Fortinet, is courtesy of Brazil not prioritising cyber-threats for a start. The World Economic Forum's ranking of global risks has Brazilian concerns over cyber-attacks at number 23 and data fraud at number 16 despite hosting the games. To put that into perspective, the US, Germany and Japan all rate cyber-attacks at number one. [Read more]