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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 […]

Concerns about identity theft, financial fraud and business or government tracking are creating a “chilling effect” on online commerce and free expression, according to analysis of data from a 2015 survey of Internet use conducted for the Department of Commerce’s National Telecommunications and Information Administration (NTIA). Of the 41,000 households asked about privacy and security in the July 2015 U.S. Census Bureau survey for the NTIA, 19 […]

We use them every day, and they’re crucially important — yet, far too often we’re lazy and careless about them. Passwords, and the importance of keeping them secure, are once again in the news after word emerged Wednesday of a data breach that put more than 272 million passwords and account credentials at risk. Milwaukee-based cybersecurity firm Hold Security reported that a Russian hacker had offered a […]

NASA and the U.S. Department of State were among the federal agencies that received low marks on IT security, according to a recent report card issued by the New York-based firm Security Scorecard. Also receiving low grades were the states of Connecticut, Pennsylvania and Washington. The 2016 U.S. Government Cybersecurity Report, released earlier this month, analyzed the cybersecurity vulnerabilities of some 600 local, state and federal government […]

UAE.  Cyber breaches and insider threats are the fastest-growing risks and are driving investment in Forensic Data Analytics (FDA) according to MENA executives. This is  according to EY’s 2016 Global Forensic Data Analytics Survey, Shifting into high gear: mitigating risks and demonstrating returns. The threats and breaches include malicious insiders stealing, manipulating or destroying data. Sixty-nine percent say that they need to do more to improve their […]

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The trend of cyberattackers targeting retail and fast-food chains is continuing in 2016. Nationwide fast-food chain Wendy’s is the latest to announce it is investigating a possible credit card breach stemming from its POS (point-of-sale) system. “Reports indicate fraudulent charges may have occurred elsewhere after payment cards were legitimately used at some restaurants,” Wendy’s spokesman Bob Bertini told Reuters. “Until this investigation is completed, it is difficult […]

MacKeeper is under some hacker fire this week. Kromtech, the company that develops software that works to make Mac computers more stable and secure, is reporting a “potential vulnerability” in its data storage system. That potential vulnerability reportedly exposed the personal data of 13 million people. Kromtech could not immediately be reached for comment. But here’s what we know: Security researcher Chris Vickery identified this issue privately […]

A man types on a computer keyboard in Warsaw in this February 28, 2013 illustration file picture. Reuters/Kacper Pempel/Files WASHINGTON More than a million victims of a massive hack of U.S. government computer files have still not been officially notified that their data was compromised and that they are eligible for free credit-monitoring protection, officials said on Friday. The government this week finished sending notifications through the […]

Starwood Hotels & Resorts Worldwide Inc. is the latest known hotel target of cyber attackers. The company on Friday announced that hackers had injected malware into point of sale systems at some of its hotels in North America. That malware ultimately made it possible for unauthorized parties to tap into the payment card data of some hotel guests. Starwood, which operates brands including Four Points by Sheraton, […]

Discount broker Scottrade said on Friday that it was the victim of a cyber attack from late 2013 to early 2014 that compromised client names and addresses in a database with information on some 4.6 million customers. The firm said it learned about the attack from federal law enforcement officials who were investigating the theft of data from Scottrade and other financial services firms. The company did […]

TORONTO The chief executive of infidelity website Ashley Madison’s parent company Avid Life Media has left, just over a week after hackers leaked data about millions of its clients in a massive cyber assault. Avid Life said on Friday the departure of Noel Biderman was by “mutual agreement” and its existing senior management team would take over until a new CEO is appointed. On Aug. 18, hackers […]

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 first half of 2015. The results show that the Byblos Bank/AUB Consumer Confidence Index declined marginally in January and February, grew in March, regressed in April, and slightly improved in May and June 2015. Further, the Index […]

UAE. Media outlets in the UAE and elsewhere have picked up on a variety of recent stories regarding the use of social media in the UAE.  These stories include one about an Australian expat being arrested, jailed and deported after posting a picture of a car taking up two disabled parking spots.  A similar story from earlier in the summer related to an appellate decision to overturn […]

Trend Micro unveils Windows 10-compatible solution MANAMA, 1 days ago Trend Micro, a leader in security software, has unveiled its Trend Micro Security 10, a security and privacy solution fully compatible with Microsoft Windows 10, which is to be launched later this week. The new version’s security features are simple-to-use, yet provide state-of-the-art protection for consumers’ data, delivered with optimal performance, said a statement. It will allow […]

United Airlines is the latest to fall victim to a data breach. The hackers stole flight manifests, which disclose information about passengers on the flight and their destinations. News reports are pointing fingers at hackers backed by China. Some are attributing the attacks to the same group that attacked health insurer Anthem and U.S. Office of Personnel Management (OPM). In February, Anthem informed millions of its customers […]

Mena lagging in adopting cyber security policies BEIRUT, 1 days ago Despite the current global focus on cyber security issues including hacking, data losses, breaches and other information leaks, organizations in the Mena region still do not have formal cyber security initiatives in place, a report said. In keeping with international trends, managing Compliance Risk remains a high priority for organizations across Mena region, explained the Middle […]

Video | Iranians Celebrate Nuclear Deal Iranians took to the streets on Tuesday night to celebrate the nuclear accord between the United States and Iran. By THOMAS ERDBRINK July 14, 2015 TEHRAN — Weary of sanctions and isolation, many ordinary Iranians rejoiced on Tuesday over a historic nuclear agreement with world powers led by the United States, the main enemy for nearly four decades. But their excitement was tempered […]

If you read the news regularly, you read about data breaches and massive hacks just about every week. That can make you a little nervous about safeguarding your financial information. A new MasterCard survey reveals you are not alone. Seventy-seven percent of consumers are anxious about their personal and financial information being hacked. In fact, the fear of a hack is higher than the fear of compromised […]

TEHRAN — Persian carpets were rolled out in the Beit-e Rahbar, the downtown Tehran offices of Iran’s supreme leader, Ayatollah Ali Khamenei, on Tuesday, a sign that important guests were on their way. One by one, members of Iran’s establishment, politicians, clerics and commanders filed in, many exchanging the perfunctory greetings of committed rivals. They sat cross-legged and waited anxiously, knowing a crucial week of nuclear negotiations […]

A man types on a computer keyboard in Warsaw in this February 28, 2013 illustration file picture. Reuters/Kacper Pempel/Files SAN FRANCISCO The Chinese hacking group suspected of stealing sensitive information about millions of current and former U.S. government employees has a different mission and organizational structure than the military hackers who have been accused of other U.S. data breaches, according to people familiar with the matter. While […]

Plastic caution tape marks a small construction area on the exterior of the U.S. Internal Revenue Service (IRS) building in Washington May 27, 2015. Reuters/Jonathan Ernst WASHINGTON A massive breach of U.S. federal computer networks disclosed this week is the latest in a flood of attacks by suspected Chinese hackers aimed at grabbing personal data, industrial secrets and weapons plans from government and private computers. The Obama […]

WASHINGTON Data stolen from U.S. government computers by suspected Chinese hackers included security clearance information and background checks dating back three decades, U.S. officials said on Friday, underlining the scope of one of the largest known cyber attacks on federal networks. The breach of computer systems of the Office of Personnel Management was disclosed on Thursday by the Obama administration, which said records of up to 4 […]

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