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A third of businesses in the UK believe they will be hacked in 2016, survey shows

More than a third of C-level managers in the UK believe their companies will be hacked in the next 12 months, according to a recent survey, cited by Business Matters. Economists at the Centre for Economic and Business Research modelled how a real cyberattack would affect a cross-section of the British economy, including the telecoms, utilities, retail, banking and insurance sectors, The Telegraph noted. The...

“Hack the Pentagon” Competition Aims to Boost US DoD Security

Pentagon officials recently announced a “Hack the Pentagon” competition aimed at vetted experts to help the U.S. Defense Department identify vulnerabilities in its websites and boost their security in the process. While such “bug bounty” programs are common for large companies, it’s rare that the Department of Defense asks private sector security experts – white hackers – to come forward in a competition-li...

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...

Hackers steal $5 million from Ryanair’s bank account

All of us dread the prospect of having our personal bank accounts hacked. But imagine what it must be like for a company to have its business bank account plundered by hackers for millions of dollars? According to reports, controversial budget airline Ryanair has fallen victim to hackers who managed to steal €4.6 million (almost US $5 million) via a fraudulent electronic transfer to a Chinese bank last week...

Hackers hijack school Twitter account, post photoshopped image of teacher in his underpants

We all know that kids can get up to japes and mischief at school. I myself remember rallying together a crack squad of classmates to kidnap our school's Christmas tree in 1987, for instance. Chances are many of us have similar tales to tell of tomfoolery. But now a British school has found itself the victim of an online prank, with its Twitter account hacked and revealing images purportedly of its head teac...

Post-hack, Twitch users told to reset passwords… but they don’t have to make them too long

Video game streaming service Twitch posted a security alert yesterday, announcing that hackers had compromised its systems and users' personal details may have been exposed. An email sent out to some users, described the type of information that online criminals may have been able to access: ...there may have been unauthorized access to some of your Twitch user account information, including possibly your T...

After the Anthem hack, the phishing scams begin

Well, that didn't take long. Within days of US health insurer Anthem announcing that hackers had broken into its servers, and accessed databases containing sensitive information about tens of millions of customers, fraudsters are taking advantage of the scare with phishing campaigns. As if it wasn't bad enough that a hacking gang had accessed data including names, medical IDs, social security numbers, addre...

Snapchat Warns Users of Malicious Third-Party Apps

Snapchat will ask customers to stop using unauthorized third-party apps built on Snapchat services as they may compromise their accounts, the company announced in a blog post. “Starting today, we will notify Snapchatters when we have detected that they may be using third-party apps and we’ll ask those Snapchatters to change their password and stop using unauthorized apps,” the post reads. The decision comes...

Kmart hacked – payment systems compromised by malware

It's not proving to be a good year for US retailers, and it's just got worse. Kmart announced on Friday that it had detected a serious security breach involving its store payment data system, and that since at least early September debit and credit card numbers used at the retailer's bricks-and-mortar stores had been stolen. Kmart's president Alasdair James summarised the situation in the advisory posted in...

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