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.
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.
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.
Up to 81% of computer security professionals reuse passwords across multiple applications, violating security best practice
PayPal has warned of a looming security crisis if new top-level domains such as .bank are brought into use later this year.
Britain’s hi-tech government intelligence agency GCHQ should know better than to send passwords in plain text via email – but has been doing so due to “legacy systems”, it admitted in a statement this week.
British cyber security experts from intelligence services such as MI5 are to join forces with 160 top British firms to defend against cyber attacks.