An international gang of cyber thieves stole $45 million using bank ATMs in a heist spread across 27 countries.
A proposed new law, the Deter Cyber Theft Act, would help defend U.S. companies against data theft and computer espionage by foreign interests, a bipartisan group of senators said this week.
A “watering hole” attack on pages within the U.S. Department of Labor site exploited a “zero-day” vulnerability in Internet Explorer 8 to deliver malware to visitors, according to reports.
Users of popular PC gaming service ESEA have discovered that their PCs have been hijacked to mine Bitcoins by malware served up alongside the company’s client. A hidden Bitcoin-mining process caused users’ graphics cards to overheat as it worked in the background.
Adrian Price, Head of Information Security at Britain’s Ministry of Defence, suggested that governments should devote 20% of their budget to protecting the nation’s data – a sum worth billions more than that currently allocated in countries such as the UK itself.
Twitter is said to be testing new security systems in the wake of a false Tweet from an official Associated Press account which sent stock markets tumbling in America.
Most cyber attacks are simple and predictable, relying on basic tactics and preventable employee errors, according to Verizon’s annual Data Breach Investigations Report. The problem is made worse by the fact that companies often take months or even years to detect such breaches.
The Cyber Intelligence Sharing and Protection Act (CISPA) passes the U.S. House despite privacy concerns and the threat of presidential veto.
A quarter of PCs around the world have no antimalware software, according to Microsoft’s latest Security Intelligence Report.