Ransomware attacks tumbled in 2022, offering hope that the tide was turning against the criminal gangs behind them. Then things got a whole lot worse.

Amid a concerted effort by global law enforcement to crack down on ransomware attacks, payments to hackers and even the volume of attacks fell in 2022. But the trend doesn’t seem to be holding for 2023, and attacks have shot up again.

Data from cryptocurrency tracing firm Chainalysis indicates that victims have paid ransomware groups $449.1 million in the first six months of this year. For all of 2022, that number didn’t even reach $500 million. If this year’s pace of payments continues, according to the company’s data, the total figure for 2023 could hit $898.6 million. This would make 2023 the second biggest year for ransomware revenue after 2021, in which Chainalysis calculates that attackers extorted $939.9 million from victims.

The findings track with general observations from other researchers that the volume of attacks has spiked this year. And they come as ransomware groups have become more aggressive and reckless about publishing sensitive and potentially damaging stolen information. In a recent attack against the University of Manchester, hackers directly emailed the UK university’s students telling them that seven terabytes of data had been stolen and threatening to publish “personal information and research” if the university didn’t pay up.

“We think as a result of their budgetary shortfalls in 2022 we’ve seen these more extreme extortion techniques, ways to kind of twist the knife,” says Jackie Burns Koven, head of cyber threat intelligence at Chainalysis. “In 2022 we were very surprised to find that decline. Then we talked to external partners—incident response firms, insurance companies—and they all said, yeah, we’re paying less, and we’re also seeing fewer attacks.”

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FIBER SENSYS, itself part of the OPTEX Group, has launched EchoPoint distributed acoustic sensors for advanced intrusion detection across even the highest-level security sites.

Dubbed the latest evolution in fiber optic sensing technology, the new EchoPoint sensors make use of intelligent detection algorithms to provide point detection of +/- 6 metres in a range of up to 100 km. This highly accurate and reliable detection renders the sensors ideal for larger perimeters and high security sites, such as airports, logistics centres, railway networks and critical infrastructure, and to protect data conduits and pipelines, where being able to locate and identify the precise point of intrusion is critical.

Thanks to their highly advanced pattern-recognition classification algorithm, the sensors are able to distinguish between common causes of false and nuisance alarms, such as wildlife and environmental conditions, and genuine intrusion attempts. The system is also immune to electromagnetic interference, radio frequency interference and lightning.

The flexibility and versatility of the EchoPoint sensors is such that they can be operated across multiple applications and installed on fences, buried or commissioned in a hybrid layout. When mounted on a fence, the sensors can identify someone cutting the fence or attempting to climb it. When buried, the system can differentiate between footsteps, manual and machine digging and vehicle movements.

To meet the individual needs of every site, the EchoPoint sensors features intelligent software zoning. This means different detection zones can be configured. End users have the ability to independently adjust the sensitivity and output within each zone, thereby helping to provide maximum capture rates and minimise nuisance alarms.

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OVER THE years, approaches designed to support employee well-being have evolved. Delivering job satisfaction, mental health support and flexible and hybrid working are just some of the measures adopted, but what about ensuring people feel safe and protected? Workers feeling vulnerable poses a significant risk to employee well-being, as Michel Roig discovers.

While security has always been a priority, one of the most recent approaches to facilitating employee well-being – flexible and hybrid working (or ‘Working from Anywhere’) – might have created new risks.

Despite most pandemic restrictions having now been lifted, it appears that ‘Working from Anywhere’ is here to stay. Surveys of UK employees have revealed that the proportion of ‘Working from Anywhere’ employees almost doubled between February and May of this year.

It’s easy to see why. Offering ‘Working from Anywhere’ as part of the job remit is now a significant factor in attracting candidates and retaining employees. Signs are emerging that it’s also the key to enhanced productivity.

However, ‘Working from Anywhere’ means that employers have to secure digital estates wherever and whenever employees are working. This represents a significant challenge as companies have to respond to increased digital threats and apply enterprise security for domestic settings.

There are also challenges in physical access that are worrying workers. Even before the pandemic, findings from the Society of Human Resource Management revealed that roughly one-in-seven Americans, for example, don’t feel safe in the workplace.

In essence, the scale of the challenge requires companies to critique their own current security solutions and consider carefully whether the existing regime provides a smart and secure workplace that supports employee well-being.

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THE BRITISH Security Industry Association (BSIA) has elected popular broadcaster and campaigner Nick Ross CBE to serve as the Trade Association’s new president. Ross replaces Sir Keith Povey QPM, who retires as BSIA president after 14 years in the role.

Ross assumed the post of president on Wednesday 19 April at the Trade Association’s Annual General Meeting in London. Going forward, his primary goal will be to continue the work focused on developing the relationship between the police service and the private security industry.

Starting out as a junior reporter while still at university, Ross covered the troubles in Northern Ireland for the BBC and then moved on to host programmes including Radio 4’s The World at One, PM and The World Tonight.

He became a TV reporter, documentary director and political correspondent and chaired live debates, but was perhaps best known for the crime appeals programme Crimewatch, which he presented for over two decades.

Ross conceived the new discipline of ‘crime science’, which focuses on practical, multidisciplinary and outcomes-focused approaches to crime reduction. He also founded the Jill Dando Institute at UCL, which has since grown into one of the largest academic crime prevention departments in the world.

THE NEW ‘failure to prevent fraud’ offence proposed by the Home Office will make it easier to prosecute a large organisation if an employee commits fraud for that organisation’s benefit. If an act of fraud is committed by an employee of an organisation, that organisation must be able to demonstrate it had reasonable measures in place to deter the offending or otherwise risk receiving an unlimited fine.

The proposed legislation, to be introduced through the Economic Crime and Corporate Transparency Bill, encourages businesses to do more to deter offending, which will help in the bid to cut crime and protect consumers, investors, other businesses and the taxpayer from fraudulent practices.

The Home Office has tabled an amendment to introduce the failure to prevent fraud offence, which is actively supported by the Serious Fraud Office and the Crown Prosecution Service (CPS).

Security Minister Tom Tugendhat observed: “We are determined to crack down on unscrupulous companies that seek to defraud their customers. Our new ‘failure to prevent fraud’ offence will protect consumers from dishonest and misleading sales practices, and also level the playing field for the majority of businesses that behave responsibly.”

Further, Tugendhat noted: “This Government is committed to fighting economic crime, as demonstrated by our recently launched Economic Crime Plan 2, which sets out how we will give law enforcement more state-of-the-art resources to tackle high-level offending.”

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MITIE HAS moved to further develop its security intelligence offer with the acquisition of the Linx International Group – itself a highly respected risk management consulting business, which also provides technical and management training to the security industry – in a £1.2 million deal.

The acquisition is on a debt-free, cash-free basis. For the 12 months ending in December 2022, the Linx International Group generated revenues of £2.5 million and a profit before tax of £0.2 million. The business lists gross assets of £3.6 million.

Underpinned by over 35 years’ experience of delivering unrivalled security consultancy and training services, the Linx International Group is formed of three service lines, which will now form part of the Mitie Security offer.

Linx Consulting provides a range of specialist security, risk management and investigative services to international clients. These include security risk assessments, security design, fraud and commercial malpractice investigations, contingency planning and crisis management.

The consulting team works with clients in all sectors and of all sizes and is retained as a specialist advisor by several household names in the fast-moving consumer goods, electronics and pharmaceutical sectors.

PerpetuityARC provides extensive security management training, covering everything from security risk assessments to kidnap and ransom management. It was also the first private company to offer a Master’s degree in International Security and Risk Management, which is delivered in partnership with the University of West London. Further, PerpetuityARC is the exclusive education partner for The Security Institute.

Tavcom provides award-winning technical security skills training, offering over 100 technical training courses for installers, operators, managers and designers of security systems. These courses cover a range of disciplines such as system design, installation and maintenance for video surveillance systems, fire alarms and access control solutions.

Tavcom also manages the Certified Technical Security Professionals Register for electronic security and fire systems practitioners.

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AGREEMENT HAS been reached on a new plan designed to crack down on money laundering, kleptocracy and sanctions evasion. The Economic Crime Plan 2 builds on the foundations of its predecessor with new actions to improve the system-wide response to economic crime through enhanced co-operation between Government, law enforcement, supervisory agencies and the private sector.

The response to economic crime will be bolstered by 475 new and highly trained financial crime investigators, spread across intelligence, enforcement and asset recovery at key agencies. This increased capacity will be targeted toward the detection and disruption of money laundering and the recovery of an additional £1 billion in criminal assets across the next decade.   

Building on the Government’s “unprecedented package” of sanctions in response to Russia’s invasion of Ukraine, the National Crime Agency’s Combating Kleptocracy Cell will be expanded to target more corrupt elites and their enablers, while consolidating the effectiveness of UK sanctions.   

As criminals seek new ways in which to launder their profits, the Government is investing £100 million in cutting-edge technology, including data analytics, to equip law enforcement with the tools they need to stay one step ahead.

A new multi-agency Crypto Cell will be established that combines law enforcement and regulators to pool expertise and more effectively identify, seize and store illicit crypto assets.

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STATE-SPONSORED attempts at stealing sensitive research and information can undermine UK businesses and harm competitiveness for the home nations on the world stage. That being so, the Government has announced the creation of the National Protective Security Authority (NPSA) to help businesses and organisations alike defend themselves against national security threats.

The new body, which has been established as part of MI5, will increase the UK’s resilience to state threats as well as terrorism and, in tandem, play an important part in strengthening economic security.

The NPSA has absorbed the responsibilities of the Centre for the Protection of National Infrastructure, but enjoys a broader remit. This reflects the fact that the threats facing the UK today extend far beyond Critical National Infrastructure.

Advice will be provided in an accessible and informative way such that it can be understood and used by a broad range of private and public sector organisations, including tech start-ups, businesses, event venues and universities.

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Due to our continued expansion, FTL Secure Solutions has a number of Vacancies for Senior Account Executives.

Job Description.

You will be responsible for the sales process from lead generation to ongoing sales and account management.

You must have experience working with the following secure solutions services; Access Control, CCTV, Intruder Alarms.

Desired – Biometric Solutions, Time & Attendance Systems, Visitor Management Systems & Video/Audio Intercoms.

This role requires candidates with the ability to identify sales opportunities, manage multiple clients, plan and prioritise workloads along with being target driven. A proven track record in security sales solutions with the ability to develop new and existing relationships with key stakeholders and deliver tangible business value is required.

The successful candidates will have the opportunity for career advancement and progression and join a loyal and dedicated team.

Attractive basic salary dependant on experience
Uncapped monthly commission structure, annual bonus and additional sales incentives.
Company car, pension, and private healthcare.

We are an equal opportunities employer.

Job Type: Full-time

If this sounds like you, please email a copy of your C.V to grace.vincent@fibre.co.uk

You can find more details on our Vacancies page.

About FTL Secure Solutions

FTL Secure Solutions is an NSI NACOSS Gold Accredited Security Solutions installer with specialisms in Intruder Alarms,

We help a broad base of clients across multiple sectors in the United Kingdom with their security requirements. As a result, our experience in security system maintenance and installations ranges from the single door of access control through to multi-site, multi-campus integrated security networks.

As a division of Fibre Technologies Ltd we have the benefit of over 30 years’ experience in IP based solutions and networking. It is this background that enables us to offer significant expertise in the design and implementation of modern IP based security systems.

Health & Safety and high standards of workmanship are paramount at FTL Secure Solutions. As a result, we are proud to display our Constructionline, CHAS, Safecontractor and NSI NACOSS Gold accreditations on our website and literature. Our on-site Project Managers ensure all work on site meets the high standards we set ourselves.