News – August 2015

U.S. developing sanctions against China over cyberthefts
August 30, 2015
The Obama administration is developing a package of unprecedented economic sanctions against Chinese companies and individuals who have benefited from their government’s cybertheft of valuable U.S. trade secrets.

FBI: Social Engineering, Hacks Lead to Millions Lost to Wire Fraud
August 28, 2015
U.S. businesses are losing millions in fraudulent wire transfers that have their root in email compromises of accounts belonging to top executives

Global cyber-security skills shortage leaves Australia open to attack
August 28, 2015
The Commonwealth Bank warns that a global cyber-security skills shortage could pave the way for additional high-profile computer attacks in Australia.

AlienSpy RAT Resurfaces as JSocket
August 24, 2015
Even before a stunning revelation at Black Hat 20 days ago that spyware had been found on the phone of a dead Argentine prosecutor, the handlers of the AlienSpy remote access Trojan closed up shop, revamped and renamed the spyware, and moved operations to new domains

Next-Gen Cybersecurity Is All About Behavior Recognition
August 23, 2015
In the wake of devastating personal information leaks, like Target’s back in 2014 affecting more than 70 million customers and the more recent Ashley Madison data breach, concerns over cybersecurity are at an all-time high

Hacking Team: The Android Connection
August 20, 2015
Hacking Team has at their disposal is a particularly nasty piece of Android malware known as RCSAndroid or Remote Control System Android.

Bank of England probes insurers’ cyber defences
August 19, 2015
Britain’s insurance firms are under pressure to improve their defences against cyber attacks, as the Bank of England conducts a survey to check up on progress in the sector.

Ashley Madison Adultery Data ‘Dumped Online’
August 19, 2015
Hackers who stole the personal and private details of users of an adultery dating website claim to have released the data on to the internet.

China arrests 15,000 suspects for alleged cybercrimes
August 19, 2015
China’s central government has arrested 15,000 people for alleged cybercrimes as part of a sweeping six-month probe called “Operation Clean Internet,” according to a statement from the Ministry of Public Security.

Russia, US Able to Take Joint Diplomatic Efforts – Russian Cybersecurity Official
August 17, 2015
Russian Foreign Ministry’s ambassador-at-large and presidential special envoy in international cooperation in information security claims that relations between Russia and the United States are not hopeless.

Kaspersky allegations: is cyber security stronger for false positives?
August 17, 2015
Kaspersky Lab is accused of trying to undermine its competition, but increased alertness may be a good thing.

Defense Spending Red Tape Endangers Cybersecurity
August 17, 2015
The government is moving too slowly to fund and acquire the latest technology, which could not only waste taxpayer dollars but also endanger federal cybersecurity.

Military Cybersecurity: Evolution Is The Only Business Model That Makes Sense
August 17, 2015
In 1932, British Prime Minister Stanley Baldwin evoked fear throughout Europe when he warned Parliament that “the bomber will always get through.”

Companies hope cybersecurity experts in the boardroom can counter hacks
August 16, 2015
The board of directors at construction and engineering company Parsons Corp. needed to fill a seat two years ago.

Homeland Security moves to prevent attack on power grid
August 14, 2015
The Department of Homeland Security is creating a new committee dedicated to boosting digital defenses for utilities.

New Cyber-Security Tool Finds 11 Security Flaws in Internet Browsers
August 14, 2015
As part of a Facebook-funded effort, a team of US researchers has developed a new cyber-security tool that discovered 11 previously unknown Internet browser security flaws.

‘Third parties’ a major risk to cybersecurity: EY exec
August 14, 2015
Organisations are more aware and spending more on IT security, but that is not necessarily translating to a lower exposure to ‘cyber risk’ – or the risk of financial loss, disruption or damage to an organisation’s reputation from cyber-attacks and cybercrime.

Financial advisers focus on cyber security
August 14, 2015
Fraudulent emails from hackers used to be obvious, full of misspellings and bad grammar. Now cyber crooks are even sounding like their victims as they try to trick financial advisers into wiring money from clients’ accounts

Cisco CEO: Cybersecurity acquisitions are coming
August 12, 2015
Networking giant Cisco Systems reported its first quarter with CEO Chuck Robbins at the helm, since the retirement of long-time CEO John Chambers.

Vehicle Cyber Security Flaws Are Safety Issues, and Need to Be Fixed
August 11, 2015
Connected vehicles hold tremendous potential for improving road safety while simultaneously reducing energy consumption and road congestion through data sharing over the next 10–15 years.

Cybercrime – One of the biggest Middle East Security threats
August 11,  2015
Cyber threats are a global phenomenon and are continually developing in sophistication and impact, despite the advances in cyber security technologies and practice.

Investors Search for IPO ‘Unicorns’ Among Cyber-Security Startups
August 11, 2015
Investors continue to pour cash into cyber-security ventures hoping for big initial public offering payoffs, but workforce issues and technology complexity add to the risk.

US Smashes $100m ‘Insider Trading’ Hacking Ring
August 11, 2015
US prosecutors say they have broken up an international insider trading ring of hackers and securities traders that made tens of millions of dollars.

Hidden Link Analysis Reveals 92% of Suspicious IPs Not Blacklisted
August 11, 2015
Blacklists are a useful and common tool for enterprises actively looking to keep suspicious IP addresses and URLs off their network and away from their infrastructure.

UK cyber security demonstration centre aims to promote SMB innovations to the world
August 10, 2015
Last month the government unveiled its Cyber Demonstration Centre to give small to medium businesses (SMBs) a platform to show off their latest cyber security products.

DHS names new cyber hub head
August 10, 2015
The Department of Homeland Security (DHS) finally has someone to lead its increasingly important cybersecurity hub.

Carphone Warehouse customer data breach investigated
August 9, 2015
The UK’s data watchdog is “making inquiries” after Carphone Warehouse said the personal details of up to 2.4 million of its customers may have been accessed in a cyber-attack.

Cyber security still one of the top challenges for Fortune 500 CEOs
August 7, 2015
The latest survey conducted by Fortune reveals that an alarming number of Fortune 500 CEOs still struggle to manage cyber security.

Internet firms to be subject to new cybersecurity rules in EU
August 6, 2015
Internet firms such as Cisco, Google and Amazon will be subject to a new EU cybersecurity law forcing them to adopt tough security measures and possibly report serious breaches to national authorities

ICANN hacked—emails and passwords stolen
August 6, 2015
ICANN has fallen victim to a hacker attack. Details of users who had created profiles on the organisation’s public website have been exposed.

Unpatched Mac OS X Zero-day Bug Allows Root Access Without Password
August 4, 2015
A severe zero-day vulnerability in the latest, fully patched version of Apple’s Mac OS X is reportedly being exploited in the wild by the hackers.

Cybercrime Front Lines: Interpol Training Police to Fight Crime on Dark Web
August 3, 2015
As cybercrime becomes a growing problem for law enforcement bodies around the world, Interpol is training police officers in the methods criminals use to avoid detection in the hidden parts of the Internet.