What are Australia’s policy options for responding to the internet threats of 2022? This question was explored in the 360° Cyber Game conducted jointly by RAND Corporation and the National Security College (NSC) at the Australian National University (ANU) in Canberra on Thursday. RAND has conducted two of these games before, in Washington DC and in Silicon Valley, and has written up the methodology and results in […]
By Patricia Zengerle | WASHINGTON WASHINGTON The U.S. failure to retaliate strongly for the 2014 cyber attack against Sony Pictures may have helped inspire Russian hackers who sought to interfere in the 2016 U.S. election, a senior congressional Democrat said on Tuesday. “Russia may have concluded that they could hack American institutions and there’d be no price to pay,” Representative Adam Schiff, the top Democrat on the […]
The cashless society is catching up to all of us. As SHTFPlan.com’s Mac Slavo notes, Most of Europe has shifted that way, and now India is forcing the issue. In the United States, people are being acclimated to it, and may soon find that no other option is practical in the highly-digitized online world. Once that takes hold, the banksters, bureaucrats and hackers will have total […]
Data breaches are the oil spills of the digital economy. Over 429 million people were affected by reported data breaches in 2015 – and that number is certain to grow even higher in 2016. These large-scale data breaches along with uncertainties about the use of our data, cybercrime, surveillance and other online threats are eroding trust on the Internet. This is why the 2016 edition of […]
There is an old adage that trust takes years to build, seconds to break, and forever to repair. When it comes to the Internet and its users, the same holds true. For average Internet users, trust in the Internet has to be built. They have to gain confidence in the safety of their private information online. When a user’s private online information is made public, they lose […]
Britain’s new surveillance law would, among other measures, require websites to keep customer browsing history for up to a year and allow law enforcement access The British parliament this week gave the green light to new bulk surveillance powers for police and intelligence services that critics have denounced as the most far-reaching of any western democracy. The Investigatory Powers Bill would, among other measures, require websites to […]
By Anshuman Daga and Marius Zaharia | SINGAPORE SINGAPORE Singapore’s central bank imposed penalties on the local units of U.K.-based Standard Chartered (STAN.L) and private bank Coutts for money laundering breaches related to Malaysia’s scandal-tainted 1MDB fund and said it was nearing the end of its probes. The penalties – of S$5.2 million ($3.65 million) and S$2.4 million, respectively – were the latest punitive measures taken by […]
Tim Leissner, the former star dealmaker for Goldman Sachs in Southeast Asia, is to be banned from Singapore’s securities industry for 10 years over breaches relating to the multibillion-dollar scandal at Malaysia’s troubled state investment fund 1MDB, while Standard Chartered and Coutts have both been fined. Mr Leissner, who joined Goldman in Asia in 1998 and helped raise $6bn for 1MDB with three bond issuances, is being […]
Saudi Arabia’s aviation agency was attacked last month by an aggressive computer virus intended to disrupt high-profile government targets, officials and experts said on Thursday. The attack, which experts say emanated from outside the country, used a version of Shamoon, malware used to target the Saudi energy sector four years ago. Similar kinds of data-clearing software were used in 2014 against the Las Vegas Sands and Sony. […]
Identity and access management is on the cusp of changes that will help define its overall role in enterprise security, adapt it to meet new access requirements, and combine it with security tools to form protection that extends to devices, cloud services and customer identification. This evolution was outlined Tuesday during the opening keynote at the Gartner Identity and Access Management Summit in Las Vegas. “The undercurrent […]
People have a general idea of how much a rocket-propelled grenade costs. What about a cyber weapon? (Baz Ratner/Reuters), Max Smeets is a D.Phil candidate and research affiliate of the Cyber Studies Programme at the University of Oxford. His work analyzes the proliferation of cyber weapons. Can a non-state actor take down critical infrastructure with a cyberattack? If it is not possible today, will it be possible […]
It’s laudable that Trump wants to bring factories back to USA. But how about virtual, monetary factories? Moving financial institutions such as banks, insurers, brokerage houses, exchanges, and other institutions brings the most bang for the buck when it comes to revitalizing America’s economy. As we explain in Splitting Pennies, even though money doesn’t exist, it’s the most important part of a healthy economy. The business climate […]
The British Virgin Islands has hit law firm Mossack Fonseca with the biggest fine in the territory’s history following an investigation into Panama Papers revelations. The Financial Services Commission (FSC) imposed the $440,000 administrative penalty against Mossack Fonseca’s BVI operation on Friday, citing eight breaches of BVI’s Anti-Money Laundering and Terrorist Financing codes and its Regulatory Code including failures in risk assessment, due diligence and identification procedures […]
Sharing screenshots or footage of Watch Dogs 2’s full-frontal nudity may get your account suspended by Sony. After accidentally taking down some female NPCs during a playthrough of Ubisoft’s new open world shooter, Adam, a UK QA tester, used the PlayStation 4 Share feature to screenshot a fallen character seemingly wearing crotchless panties. “On Sunday evening I accidentally blew up a few women in a back alley […]
Facebook has been navigating the dark web in search of stolen passwords, buying credentials off the black market in a bid to protect users. By purchasing stolen passwords off the black market, Facebook aims to increase its own security, as well as protect users who rely on one password for two or more accounts. While most people know that it’s highly recommended to use different passwords for […]
UAE. While cybersecurity is one of the most prevalent issues of our time, the resulting impact of a cyber incident is still largely unproven. Recognizing the need of business leaders to have clarity around the enterprise-wide effect of such events, Deloitte the global leader in cyber risk advisory services, released: “Beneath the surface of a cyberattack: A deeper look at business impacts,” a risk-based report outlining the […]
LEBANON. Byblos Bank issued today, in cooperation with the Olayan School of Business at the American University of Beirut, the results of the Byblos Bank/AUB Consumer Confidence Index for the second quarter of 2016. The results show that the Byblos Bank/AUB Consumer Confidence Index improved by 5.3% in each of April and May, while it regressed by 1% in June 2016. The Index averaged 36.1 in the […]
Nobody likes managing passwords — remembering, maintaining and regularly changing them is a chore that most computer users avoid. Now, Canadian software developer AgileBits is aiming to make that chore easier — or at least cheaper. AgileBits’ 1Password password manager now has a new subscription plan for individuals. AgileBits’ family and team password management platforms have been successful, so now it has introduced a service that’s aimed […]
Two days after reporting that 655,000 healthcare records were found for sale on the dark web, the site DeepDotWeb said today that another insurance database with at least 9.3 million patient records is being shopped around by an anonymous hacker. Over the weekend, a hacker using the name “thedarkoverlord” was offering for sale records taken from databases managed by three healthcare organizations in Missouri, Georgia and the […]
What’s being called a sophisticated but possibly futile cyberattack on GoToMyPC, a British remote PC access provider, has caused its parent company to reset the passwords of all its clients. GoToMyPC is owned by Citrix, the American software company that provides server, application and desktop virtualization, networking and other services. Citrix bought GoToMyPC from ExpertCity in 2004. The attackers apparently used login names and passwords found in […]
UAE. According to EY’s latest Global Fraud Survey, Corporate misconduct – individual consequences, only 29% of executives in the Middle East recognize cybercrime risk, compared to 47% globally. T he survey found that many respondents maintain the view that fraudulent activity is not their problem, despite recognizing the prevalence of the issue in their own countries. Michael Adlem, EY’s MENA Fraud Investigation & Dispute Services (FIDS) Leader, […]
UAE. Cyber-crime is not a new phenomenon, but it’s hitting the headlines as never before. According to PwC Middle East’s latest report, there is a renewed willingness among organizations to invest in security, with many organizations incorporating strategic initiatives to improve security and reduce risks. PwC Middle East’s Global State of Information Security survey 2016 looks at how the survey results from over 300 Middle East companies […]
The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo LONDON/CHICAGO Shortly after 7 p.m. on January 12, 2015, a message from a secure computer terminal at Banco del Austro (BDA) in Ecuador instructed San Francisco-based Wells Fargo to transfer money to bank accounts in Hong Kong. Wells Fargo complied. Over 10 days, Wells approved a total of at least 12 […]
The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo Major U.S. banks are scrutinizing security of the SWIFT messaging network following cyber attacks in Bangladesh and Vietnam involving fraudulent transfer requests, according to media reports on Tuesday. JPMorgan Chase & Co (JPM.N) has limited SWIFT access to some employees amid questions about the breaches at two Asian banks, The Wall […]
