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Bangladesh central bank boss quits over $100m cyberheist

Bangladesh central bank boss Atiur Rahman has resigned after a $100m cyberheist, but the incident could have been even worse if not for spelling mistake.

Tech giants ‘to boost encryption services’

Some of the most prominent names in tech are pursuing the development of much tougher encryption technologies, it has been revealed.

Ottawa Hospital computers hit by ransomware

Ottawa Hospital has confirmed its computer network was hit with ransomware this week. No ransom was paid.

The security review: Android banking trojan poses as Flash Player

Highlights from the past seven days in information security include an Android banking trojan that not only has the ability to pose as Flash Player, but can also bypass 2FA security as well.

Ofcom experiences major data breach thanks to former employee

The UK’s communications regulator Ofcom is investigating what could be the biggest data breach in its history. The incident was caused internally – former employee had been surreptitiously gathering data over a six-year period.

Android smartphones can be unlocked with 2D-printed fingerprints

Android smartphones offering biometric security can be tricked into unlocking with 2D fingerprints – and all you need is an Inkjet printer.

Businesses fail to prepare as cybercrime surges globally

Cybercrime is now the second most reported economic crime and has affected at least a third of organizations in the past 24 months, yet many businesses are still underprepared.

Verizon Wireless fined $1.35m in ‘supercookie’ privacy settlement

Verizon Wireless will pay a $1.35 million fine after the company inserted undeletable ‘supercookies’ into its users’ browsing sessions without consent.

The security review: Security is ‘easy’ – just ask someone at RSA

Welcome to this week’s security review, in which we’ll be assessing the buzzword-laden security startups of RSA, and rounding up the week’s biggest stories.

Just 1 in 7 security chiefs report to the CEO, despite boardroom concern

Most businesses now recognize internet security as a real concern, yet new research has found that just 1 in 7 security chiefs report directly to their CEO.

One-third of HTTPS websites left vulnerable to DROWN attack

A new vulnerability could leave as many as one-third of HTTPS websites open to decryption.

IRS issues warning to HR professionals over phishing scam

Less than a month after it “renewed a consumer alert” for phishing scams, the Internal Revenue Service (IRS) in the US has delivered another warning aimed this time at payroll and human resources professionals.

Snapchat staff payroll data leaked in phishing scam

Snapchat has said that is “impossibly sorry” after a data leak exposed payroll information for some of its current and former employees.

The security review: porn clicker trojans at Google Play

Highlights from the past seven days in information security include porn clicker trojans at Google Play, digital childhoods and the security/privacy debate.

UC Berkeley hit with another cyberattack

UC Berkeley has revealed that it was the victim of a major cyberattack, affecting up to 80,000 current and former members of staff and students.

Identity theft accounts for ‘majority of data breaches’

Theft of identities along with personal information still accounts for the majority of data breaches, a new global survey by Gemalto has found.

Privacy and security ‘war’ must come to an end

Cybersecurity experts are joining forces with government officials to try and “end the war between privacy and security”, it has been revealed.

The industrialization of cybercrime may be upon us

We are slowly seeing the industrialization of cybercrime according to an expert. Dr. Adrian Nish, head of cyber threat intelligence at BAE Systems, said that cybercriminals are becoming more “professionalized”.

The security review: The state of security in companies in the EMEA region

Highlights from the past seven days in information security include the state of security in companies in the EMEA region and advice on support scams.

Average cost of cybercrime rises by 200% in just five years

Cybercrime is costing the global economy up to $450 billion annually, a new report by Hamilton Place Strategies reveals.

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