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#cyberfraud | #cybercriminals | UAE warns against resurgence of Emotet virus and other cyber scams

Source: National Cyber Security – Produced By Gregory Evans

UAE residents have been warned to be on their guard following a recent spike in cyber scams and the resurgence of a virus designed to steal victims’ private financial information.

The country’s Telecommunications Regulatory Authority said it had seen a new outbreak of the ‘Emotet’ virus, which if downloaded can allow personal details to be stolen remotely, worldwide. It also warned against fraud carried out through Snapchat links.

Meanwhile, another scam involving messages sent by WhatsApp or text message, in which criminals pose as bank representatives and claim a user’s ATM card had been blocked, has become increasingly “widespread” recently, authorities said.

Malicious cyberattacks were increasing with the perpetrators’ motives ranging from stealing money and property to “destroying large organisations and creating chaos in many countries of the world,” according to Hamad Obaid Al Mansouri, the TRA Director General.

“The UAE prioritised the happiness of its nation as a main objective of its future plans and visions, and this happiness can only be achieved by safeguarding the peoples’ property and preserving security,” he said. “We must make every effort to protect our good nation from shady intruders.”

Mr Al Mansouri vowed that the National Computer Emergency Response Team (aeCERT), set up in 2008, would continue to fight cybercrime on residents’ behalf.

The body, which is part of the TRA, “works around the clock to spread awareness among different groups of society on how to deal with viruses and hacking attempts,” he said.

It also makes recommendations around updating legislation and spread expertise in cyber security among businesses.

Authorities said people should be particularly vigilant around clicking on links designed to appear harmless but which could lead to malware being installed on computers. ‘Filters’ sent through Snapchat could also include viruses, the TRA said.

People have also been urged to ensure they have the latest software and security patches installed on their mobile phones by ensuring iOS and Android operating systems are up to date.

The Emotet virus, which the TRA is particularly concerned about, first emerged in 2014. Later versions of the malware was able to access contacts on an infected computer and send itself to them by hijacking email accounts. It can be missed by some antivirus software.

Emails containing the virus may try to persuade users to click the malicious files by disguising correspondence as coming from a reputable company and using language about “your invoice,” “payment details,” or possibly an upcoming shipment from well-known parcel companies.

Updated: December 26, 2019 04:55 PM

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Security, and marketing it, is the key to a Blackberry resurgence

Source: National Cyber Security – Produced By Gregory Evans

The name BlackBerry resonates with investors as the company who lead the cell-phone revolution, only to be eventually trumped by Apple as they dragged their heels when innovative smartphone technologies came to the market. This is a monkey that might actually always be on the back of BlackBerry, even as they continue to pursue extremely lucrative business opportunities, primarily in a space where they are ahead of the curve: security We do not expect nor do we suggest that BlackBerry BBRY, -0.72% change its name or rebrand itself. In fact, we believe that relationship will only solidify the future business of the company as they pursue security in the Internet of Things (IoT) space. It is our opinion that BlackBerry is in the right place at the right time, again. We know they were ahead of the curve with cell phones, and we currently believe they are ahead of the curve with security as well. Vulnerability threats now expand much further than cell-phone hacking. BlackBerry already offers the most secure cell-phone network. That is why governments use BlackBerry. Interestingly, it is this security and the inability to hack into it and read texts and emails that caused Pakistan, a country […]

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