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Cybersecurity

Business secrets being stolen on “industrial scale” says UK spy agency chief

Every month, around 70 sophisticated cyber espionage campaigns target government or industry networks, Sir Iain Lobban, head of Britain’s GCHQ spy agency said.

Yahoo defends plan to recycle user IDs amid identity theft fears

Yahoo defended its plan to recycle inactive user IDs this week, saying that it had put in place safeguards to prevent the recycled usernames being used for identity theft.

Quantum Dawn 2 cyber war game to test defenses of U.S. banks

A simulated cyber attack with the Hollywood-esque title Quantum Dawn 2 will bombard the defenses of American banks on June 28 – in an exercise designed to test how Wall Street would endure a sustained hi-tech assault.

Britain launches £4m campaign to protect against small business cyber crime

The British government has launched the first stage of a £4 million ($6.1 million) campaign to educate consumers and small businesses about the dangers of cyber crime.

Cyber attacks “erode world economic growth”, says former White House official

Cyber attacks are damaging the world economy, a former White House official has warned, and leading economies need to put aside political differences to deal with the threat.

British Prime Minister warned over Huawei security risks

British Prime Minister David Cameron has been warned that telecoms equipment made by Chinse firm Huawei should be tested by security services to protect against cyber attacks.

Advanced U.S. weapons system designs are “compromised by hackers”

Designs for more than two dozen advanced weapons systems have been compromised by hackers, according to a report prepared for the Pentagon. The hackers are said to be Chinese.

“Stronger action” urged in face of IP theft from American companies

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 “woefully prepared” for cyber attacks, warns analyst

Electrical grids worldwide have become more susceptible to cyber attacks, due to the use of industrial control systems, according to market analysts ABI Research.

FBI shares information on cyber attacks with US banks

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 “as important” as nuclear deterrent, says top U.S. admiral

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.

Group of senators propose new law to battle cyber theft

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 accuses U.S. of being “the real hacking empire” after Pentagon report

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.

China is behind “numerous” attacks on U.S. computer systems, says Pentagon

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.

New “Trusted Contacts” feature will let hacked Facebook users back in

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.

Password warning after details for 50 million users leak in LivingSocial hack

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.

American banks “need to plan” for further cyber attacks, financial group warns

The American banking system needs to prepare or further cyber attacks in the coming months, a leading financial stability group has warned.

Governments need to spend billions more on data protection, says British security chief

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 security under spotlight after phishing blamed for disastrous AP Tweet

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.

Preventable errors are behind most security breaches, says Verizon report

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.

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