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China Takes Full Control of National Internet Activity; Foreign Investors among Targets

China’s key information systems will become fully controllable as the government’s new rules aim to supervise all Internet activity. The new legislation is part of a five-year cybersecurity program, a plan against cyber confrontation with the United States and other great powers. The law covers everything from territorial sovereignty to measures to tighten cyber security, a move likely to rile foreign busin...

Casino customers and employees put at risk after FireKeepers hack

Two months ago the FireKeepers Casino and Hotel in Battle Creek, Michigan, warned that it was investigating a "possible data security incident" involving its Point Of Sale (PoS) systems. Whenever you hear news like that you hold your breath, cross your fingers and hope for the best - perhaps the fear will be unwarranted, and it will be found that no such breach occurred. Well, I'm afraid there is bad news f...

FBI’s Most Wanted Cybercriminal; $3 million for lucky12345

Evgeniy Mikhailovich Bogachev, using the nicknames “lucky12345” and “slavik,” is allegedly involved in a wide-ranging racketeering enterprise that installed malicious software known as “Zeus” on victims’ computers, according to the FBI. The well-known banking Trojan was used to capture bank account numbers, passwords, personal identification numbers, and other information to log into online banking accounts...

Cyberthreats Rank among Top 10 Business Risks for Mining and Metal Businesses

Cyber-attacks rank ninth in the top 10 business risks for mining and metal businesses, 11 places above last year’s results, according to the “Business risks in mining and metals 2015-2016” report by accountancy firm EY. The report shows widespread and sophisticated cyber-attacks are a common issue across the mining and metals sector regardless of size or scale, even though not all of them target financial g...

UK Government Launches “Stop Online Abuse” To Fight Cyberbullying

The UK government has launched the “Stop Online Abuse” website to help victims of online abuse report, complain and campaign against any offensive media content. The project was implemented by Galop, the lead organization in the UK for LGBT (lesbian, gay, bisexual, and transgender) victims, and funded by the Government Equalities Office. LGBT people often fall victim to cyberbullying and suffer extreme onli...

Two in Five US Internet Users Had Personal Data Compromised in the Past Year

Some 40% of US consumers received a notice in the past year that personal information such as username, password, credit card number, social security number or national insurance number had been compromised and 70% changed their passwords in response, according to Consumer Account Security Report, a study conducted by Qualtrics and SSI. Source: Wikipedia About one-quarter had accounts hacked, and nearly a f...

Cybersecurity Investments Outperform S&P 500 10-Fold

Cybersecurity is booming. Investors in the sector have been rewarded with a 24% gain this year, compared with the S&P 500 index’s 2.1% rise, according to passive investment vehicle HACK, an exchange-traded fund focused on cybersecurity. Source: Wikipedia PureFunds ISE Cyber Security ETF (financial ticker HACK), which includes companies such as FireEye, CyberArk Software, Infoblox, Palo Alto Networks, Fo...

Samsung says it will update updater that disabled Windows Update

Talk about a right royal mess. Last week, it was discovered that software pre-installed on Samsung computers had the undesirable (but surprisingly deliberate) side effect of disabling Windows Update, Microsoft's way of automatically keeping your Windows computer secured with the latest patches including security updates. As a consequence, the onus was put on Samsung computer owners to update their devices m...

Europol Arrests Alleged Creators of Banking Trojans Zeus and SpyEye

Authorities from six European countries have taken down a major cybercriminal group in Ukraine suspected of developing, exploiting and distributing well-known banking Trojans Zeus and SpyEye, according to Europol. Police arrested five suspects between June 18 and 19. The cybercriminals used malware to attack online banking systems in Europe and elsewhere, adapting their sophisticated banking Trojans over ti...

Nearly half of 1,000 Leading Websites Fail Online Security and Privacy Assessment Tests

Some 46% of leading global websites have been found vulnerable to existing online security threats, according to Online Trust Alliance’s (OTA) annual audit of nearly 1,000 sites including leading banks, retailers, social, media, news, government and IoT sites. Nearly half of the Top 1,000 websites don’t adequately protect consumers from phishing and other social engineering threats and have insufficient pri...

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