Cybersecurity a High Priority for 2019, UK Organizations Say
The financial impact of cybersecurity breaches on companies in the UK has climbed to a whopping average of an annual £4,180 in 2019, nearly double 2017’s £2,450, according to a UK government survey conducted in winter 2018 and early 2019. The cost has risen significantly for companies that lost critical ... Read More
FBI Wants to Invest in Social Media Surveillance Tool
Terrorist organizations know their way around the web, and they don’t shy away from using social networks to communicate with each other or to recruit new members. The FBI is looking into gaining more control over social media and the content shared on these platforms, allegedly to keep a closer ... Read More
Disappointed by Cloud Security and High Cost, Organizations Move Data Back on Premises
The cloud-based approach is growing in popularity among businesses worldwide, with more enterprises feeling confident in making the shift. Yet they feel obliged to take a different path due to concerns about data security in cloud computing, according to 24% of them, as well as limited budgets and high costs ... Read More
Phishing Attacks against Commercial Vessels on the Rise, Alerts US Coast Guard
US coastal and maritime defense is at risk, warns the Coast Guard. An alert released on Monday cautions that hackers have actively been targeting the networks of commercial vessels with phishing attacks. This is not a one-time hit. In 2018, the FBI, DHS and US Coast Guard worked together on ... Read More
Driver’s License Photo Database Used by FBI, ICE for Facial Recognition
FBI and ICE agents use the DMV photo database for facial recognition scanning without residents’ knowledge or consent, according to public documents spanning five years obtained by Georgetown Law researchers and shared with The Washington Post. This type of mass surveillance is “a routine investigative tool,” the paper writes. Federal ... Read More
Chinese Border Patrol Installs High Tech Surveillance on Travelers’ Phones
China’s border patrol has reportedly been installing surveillance software on border crossers’ phones without their knowledge, according to an investigation by the Guardian, The New York Times and Süddeutsche Zeitung. The software, the investigation claims, tracks travelers’ movement and secretly collects emails, texts, contacts and other phone information. This practice ... Read More
Vulnerabilities in US Defense Could Lead to Major Breach in Two Years, Says Black Hat Survey
After Russians used techniques such as spearphishing emails and troll farms to inundate social media and influence the 2016 US election, concerns that the 2020 election is up for similar compromise are increasing. US intelligence and officials from the Democratic party are concerned that “Donald Trump and a powerful Senate ... Read More
Italian Regulator Fines Facebook €1 million in Cambridge Analytica Scandal
Fines don’t stop rolling when Facebook is involved. Italy’s data protection watchdog, Il Garante per la protezione dei dati, has just hit the tech company with a €1 million fine for mishandling user data following the Cambridge Analytica scandal, writes TechCrunch ... Read More
Australian Hacker to Serve 3 Years in Prison for Insider Trading, Unauthorized Computer Access
A 42-year old Australian IT consultant is going to prison for three years on charges of “insider trading, unauthorized access to data with the intention to commit a serious offence (insider trading) and the alteration of electronic devices required by ASIC,” announced ASIC (Australian Securities & Investments Commission) on Tuesday ... Read More
Cyber Risk Insurance Sector to Reach $7.5 Billion by End of the Decade, PwC Says
Cyber insurance is clearly a good idea, considering the rapid growth of technology and daily malware releases. June isn’t even over and already 6.46 million new pieces of malware appeared this month, as per AV-Test. But simply because a company chooses to protect its assets in case of a breach, ... Read More
