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Cybersecurity

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.

Internet Service Providers “failing to protect” against cyber attacks, says EU agency

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.

Supermarket security breach puts 2.4 million credit cards at risk

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.

Nine out of ten employees knowingly ignore cyber safety policies

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.

U.S. and China plan to “work together” on cybersecurity

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.

Oregon farm company sues its bank over $223,500 cyber-heist

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.

Tech manufacturers fight back against supply chain “cyber spies”

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.

Android app store has serious clean-up with 60,000 apps removed

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.

Global Cyber Security research hub to be set up at Oxford University

A new Global Center for Cyber Security at the University of Oxford will coordinate international work on cyber threats and cyber security. The Center will receive £500,000 ($766,000) in UK government funding every year.

Could we ‘think’ the passwords of the future? Study finds brain-reading tech is cheap, accurate and secure

The idea that we might ‘think’ passwords instead of typing them sounds like science fiction – but a team of UC Berkeley School of Information researchers has proved that it can work, using existing ‘mind reading’ headsets.

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