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BusinessStandard: With increasing cases of data breaches and information loss happening on the Internet, cyber attacks are outpacing physical attacks among far-left groups and can cause greater destruction, researchers say. According to lead author Thomas Holt, Professor at the Michigan State University (MSU), the high-profile nature of the internet -- on which the ideological groups can manipulate traffic -- is the ideal platform to attack...
Globalbankingandfinance: Mitsubishi Electric Corporation announced that it has developed a multi-layered defense technology that protects connected vehicles from cyberattacks by strengthening their head units defense capabilities. The technology will help realize more secure vehicle systems in line with the increasing popularity of vehicles that are equipped for connection to external networks...
tvnz: Poland has arrested a director at the Chinese tech giant Huawei and one of its own former cybersecurity experts and charged them with spying for China, authorities said Friday. The development comes as the US is exerting pressure on its allies not to use Huawei, the world's biggest maker of telecommunications network equipment, over data security concerns...
BusinessLine: Emphasising that cybersecurity is crucial to keep the world safe, global leaders have urged India and the US to join an international coalition against cyber threats. “The world’s biggest democracy needs to stand with the world’s other great democratic nations. The world needs India,” Microsoft’s President and Chief Legal Officer Bradford L Smith said here at the World Economic Forum Annual Meeting 2019...
ComputerWeekly: UK businesses are failing to get value out of cyber security because they fail to see its strategic importance and often have a negative attitude towards security professionals, a study has revealed...
BankInfoSecurity: How do data privacy and security matters affect organizations that are contemplating a merger or acquisition? Attorney Iliana Peters offers insights into the various cybersecurity, data breach and compliance issues that can potentially doom a business deal...
IOT: Hackers always try to target sectors which have weak cybersecurity shields. Since enterprises like banks, insurance companies and airways are fully aware of consequences of a small cyber breach. They have learned great lessons in past decades and have an understanding that cyber security is their ultimate responsibility. Hackers are also fully aware of this, so they have turned to easier targets, and one potential client for them are oil and gas companies...
CSO: Are cyber-attacks an inevitability in the financial services industry, given the wealth of personal data – and funds – entrusted to the keeping of banks, insurers and other players in the sector? Management consultancy PwC thinks so. Its Top Financial Services Issues of 2018 Report divided financial services organisations into two categories – those that have faced a cyber-attack and those that will...
The target: Investment Management firm BlackRock.
The take: Three separate spreadsheets, containing names, e-mail addresses, and assets invested in iShares ETFs for about 20,000 financial advisers.
The attack vector: The spreadsheets were accidentally made publicly available on the firm’s website for more than a month, prompting concerns that if harvested, the data could be a goldmine for phishing campaigns and targeted attacks.
The target: The SEC's EDGAR filing system.
The take: Nonpublic 'test filings' containing earning results and other material data were obtained and used to make profitable securities trades before the information was publicized. Seven individuals and two organizations were recently charged by the SEC in connection with the hack and are reported to have profited to the tune of $4.1M from the scheme.
The attack vector: An undisclosed software vulnerability reportedly allowed attackers to bypass the system's authentication controls.
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