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Belgian Bank Loses €70 Million to Classic CEO Fraud Social Engineering Trick

In light of the breaking news that Belgian Bank Crelan, Credit Agricole's Belgian subsidiary, has announced it was the victim of a fraud camaign and lost of €70m in the process, Troy Gill, Manager of Security Research at AppRiver comments:

"The use of social engineering spear phishing attacks to defraud companies via wire transfer emails also picked up recently. The targeted users represented many verticals, from large enterprises to small nonprofits. Typically in these fraudulent emails, the victim, who is normally a high level member of the finance department, receives a spoofed message from a hacker posing as the CFO, or even CEO of a partner company, requesting a money transfer be placed for a vendor payment or company acquisition. Of course, instead of this money being applied to the vendor or merger in question, it instead is applied to a remote account the hacker controls.

: SECURITY EXPERT; Talking Point; Posted On Wednesday, 03 February 2016 13:56

Symetrica expands its business frontiers

Southampton: Symetrica Inc. has announced the expansion of its headquarters in Maynard, Massachusetts to support the company’s operations. The decision comes in response to the increasing US demand for more operationally effective radiation detection and identification solutions serving customs, border protection, law enforcement, emergency services, military personnel and first responders. Symetrica’s Discovery Technology® is at the heart of the Smiths Detection RadSeeker handheld radiation detectors for which the DHS Domestic Nuclear Detection Office (DNDO) recently awarded an IDIQ (indefinite delivery/indefinite quantity) contract with a maximum value of $143 million for the technology, its maintenance and associated training.

: Georgia Sorrel; Industry News; Posted On Wednesday, 03 February 2016 13:45

PAS 3621 sets the standard for multi-point locks

House builders and door fabricators now have the opportunity of specifying PAS 3621 multi-point locks in order to raise levels of security in bespoke domestic entry doors.

PAS 3621 is the standard for multi-point locks which offers a similar level of security to the long established BS 3621 standard for single-point locks. BS 3621 has been the gold standard for single-point locks for timber doors having gained credibility when it comes to consumer understanding and acceptance.

: GUY AINSWORTH; International Security, Safety & Strategic Defence; Posted On Wednesday, 03 February 2016 13:41

BSIA members record huge success at Intersec

Members of the British Security Industry Association (BSIA) have returned from Intersec reporting a successful exhibition for UK exhibitors.

The three day show – held at the Dubai World Trade Centre over the 17th – 19th January – is seen by many as the most important security exhibition in the Middle East region and it plays a pivotal role in enabling UK companies to meet with potential customers, existing distributors or partners and as a platform to launch new products into the Middle-Eastern market.

Intersec has been a key fixture for many BSIA members who exhibit year-on-year and it continues to attract new exhibitors who are keen to take advantage of the opportunities the show presents.