American companies are facing an “unprecedented” onslaught of data theft, costing “hundreds of billions”, according to a report by a private group headed by high-ranking ex-government officials.
Electrical grids worldwide have become more susceptible to cyber attacks, due to the use of industrial control systems, according to market analysts ABI Research.
The FBI has offered temporary security clearances to security officers from U.S. banks in order to share information into repeated cyber attacks which have disrupted online banking websites in recent months.
Cybersecurity is among the top defense priorities of the United States, the U.S. Navy’s top admiral said this week – on the same level as strategic nuclear weapons.
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.
China has accused the United States of being, “the real hacking empire” after a Pentagon report which said for the first time that cyber attacks on the U.S. were “directly attributable” to Beijing.
The Chinese government and military are behind large numbers of cyberespionage attacks directed at U.S. government computer systems, according to a Pentagon report released this week.
The new feature allows users to log in even if they have also lost access to their email account and cannot initiate a password reset.
Daily deals site LivingSocial has become the latest high-profile site to fall victim to hackers, after an attack accessed information for 50 million accounts last week.
The American banking system needs to prepare or further cyber attacks in the coming months, a leading financial stability group has warned.
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 European cyber security agency ENISA said Internet Service Providers in the EU have failed to implement a set of best practice recommendations which have been in place for 13 years – which could reduce the scope of even the largest DDoS attacks.
Up to 2.4 million credit cards may have been compromised after St. Louis grocery chain Schnucks was targeted with malware, the chain revealed this week.
The biggest cyber security problem large companies face could be employees – a survey reveals that nine out of ten employees knowingly ignore or violate their company’s data policies.
China and the U.S. have agreed to work together on cyber security, with the two countries setting up a working group to deal with the issue, U.S Secretary of State John Kerry said on Saturday in Beijing.
An Oregon farm products company is suing its own bank to recover losses after a phishing attack saw $223,500 transferred to accounts in the Ukraine over a period of three days in 2010.
Technology companies including Cisco and IBM are backing an Open Group programme to protect computer hardware from threats such as spyware added to components in the supply chain.
60,000 Android apps were removed from Google’s Play app store this February. Categories such as personalization (ringtone apps) were targeted heavily, with 12,277 deletions.