Government regulation of IT security poses challenges for bank security teams, a leading Australian bank IT security expert has claimed.
An international gang of cyber thieves stole $45 million using bank ATMs in a heist spread across 27 countries.
“Passwords are starting to fail us when used everywhere at internet scale,” said PayPal’s Chief Information Security Officer Michael Barrett at this week’s Interop expo in Las Vegas.
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.
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.
Even passwords considered “strong” by IT departments are often now vulnerable to hacking, according to professional services firm Deloitte. The firm predicts that 90% of user generated passwords will be vulnerable to hacking this year.
Wireless carriers Verizon, AT&T, Sprint and T-Mobile are putting customers at risk by failing to fix well-known security vulnerabilities on Android phones, according to the American Civil Liberties Union (ACLU).
Half of British adults use the same password across all the websites they access, according to telecoms regulator Ofcom. The data comes from a survey of 1805 adults aged 16 and up. The report, Adults’ Media Use and Attitudes Report 2013, found that 55% of adult internet users admitted they used the same password for
The Cyber Intelligence Sharing and Protection Act (CISPA) passes the U.S. House despite privacy concerns and the threat of presidential veto.
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.
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.