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Hacking & Security Posts - Page 16

Apple two-stage iCloud authentication system launches

Apple is currently testing a way to make its iCloud system more secure by using two-step verification. Before the new system went into testing, all people needed was a simple password to gain access to iCloud.com. Using only a password makes access easier to gain by nefarious hackers.

 

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iCloud now uses Apple's normal two-factor authentication system with users logging in using a password and a four-digit verification code. That four-digit verification code has to be sent to a trusted device.

 

Once that four-digit code is entered, iCloud apps are unlocked and can be accessed normally. The only iCloud app that can be accessed without the verification code is the Find my iPhone button. Find My iPhone is not secured with two-factor authentication to allow you to find your device if it is lost or stolen and is your trusted device.

US companies facing DDoS attacks that prove to be very effective

Cybercriminals are finding success launching distributed denial of service (DDoS) attacks against companies, causing disruptions and sometimes halting organizations during business days. Forty one percent of organizations across the world were targeted, with 78 percent hit at least two or more times in the past 12 years, according to BT.

 

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"DDoS attacks have evolved significantly in the last few years and are now a legitimate business concern," said Mark Hughes, BT Security President, in a press statement. "They can have a damaging effect on revenues and send an organization into full crisis mode. Reputations, revenue and customer confidence are on the line following a DDoS attack. Finance, e-commerce companies and retailers in particular suffer when their websites or businesses are targeted."

 

DDoS cyberattacks were up 43 percent during Q4 2013, according to security company Akamai - and the problem only seems to be intensifying. Due to the increase in DDoS attacks, 78 percent of US organizations are increasingly concerned about the popular cyberattack method used by hackers.

Microsoft battles against malware crime groups in Algeria, Kuwait

Malware linked back to cybercriminals in Algeria and Kuwait was disrupted when Microsoft named several parties in a civil suit accused of creating malicious code that infected millions of victims. The strategy is a unique new method by Microsoft, attempting to disrupt communication channels used by cybercriminals and the infected PCs they've compromised.

 

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The foreign nationals, Naser Al Mutairi and Mohamed Benabdellah, along with the Vitalwerks Internet Solutions domain hosting company - almost 94 percent of compromised machines used Vitalwerks servers so the criminals were able to control the machines - in a rather clever method to try to stay under the radar.

 

Meanwhile, Vitalwerks claims millions of Internet users have suffered disrupted service because of the legal proceedings. Microsoft didn't directly say Vitalwerks was involved in the cybercriminal activities, but said the company didn't do enough to prevent it.

Continue reading 'Microsoft battles against malware crime groups in Algeria, Kuwait' (full post)

Companies are aware of cyberattacks, but still learn the hard way

Companies are familiar what to do during a cybersecurity incident, and how to defend against phishing and social engineering tactics, but tend to only learn lessons the hard way. Fifty four percent of respondents to a recent survey said they were not hacked or experienced a data breach in the past 12 months, according to TrainAce, a cybersecurity training organization.

 

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For companies that did suffer a data breach, 70 percent found a Trojan on a PC or on theur network - and 20 percent of those hacked don't have a cybersecurity incident plan ready.

 

"The findings we've compiled suggest that while most companies are employing best practices when it comes to cybersecurity, there is still a way to go before adoption is universal," said Ralph Sita, TrainACE CEO and President, in a press statement. "All companies have different reasons and needs when it comes to cybersecurity, but it's troublesome to learn that many still don't have the basics in place, such as a cyber incident plan or set of updates guidelines."

Continue reading 'Companies are aware of cyberattacks, but still learn the hard way' (full post)

Most healthcare providers struggle to keep data secure, earning a 'D'

A whopping 58 percent of healthcare vendors scored a "D" when it came to data security and privacy standards, as cyberattacks trying to steal medical records become more common, according to security risk management firm Corl Technologies. To put together the report, everything from security incidents, security and privacy policies, and quality of security team in place helped calculate scores.

 

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"[The] majority of health care vendors lack minimum security practices, well short of HIPAA standards," according to the report. "Health organizations are often unaware of how many of their vendors have access to protected information."

 

It's unfortunate that healthcare vendors earned such a low score, as patient medical records are a valuable asset for cybercriminals. As such, medical identity theft amounted to 43 percent of identity theft cases in 2013, according to a study released by the Ponemon Institute - and HIPAA laws are scrambling to catch up to the current rash of healthcare-related cyberattacks.

Cybercriminals using the cloud to successfully launch attacks

Following new technology trends, cybercriminals are always-on the lookout for new methods to launch successful attacks to compromise information. There has been an uptick in attackers hosting botnets and malware in the cloud, successfully remotely controlling criminal behaviors remotely in the cloud.

 

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Recently, criminals were found to be using DropBox to issue command and control instructions, in an effort to get malware and botnets around firewalls deployed by corporations, according to the Trend Micro security firm.

 

"At the end of the day, cybercriminals are business people," said Christopher Budd, Trans Micro Global Threat Communications Manager, in a statement. "The same logic that drives business people to using cloud-based services is driving the bad guys to use the cloud too."

Continue reading 'Cybercriminals using the cloud to successfully launch attacks' (full post)

Company shows global cyberattacks in real-time per hour

U.S. threat intelligence company Norse has unveiled a real-time animated map that shows the obnoxious amount of cyberattacks being carried out around the world. Many of the attacks are launched by automated bots, aimed at finding vulnerabilities to steal personal information, banking data, and other sensitive information that can be valuable on the black market.

 

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In 45 minutes, the United States suffered 5,840 cyberattacks - 27 times the number that the second most targeted country, Thailand, faced with just 220 cyberattacks in 45 minutes.

 

China launched the most amount of attacks, accounting for 2,513 attacks in 45 minutes, while the United States was No. 2 on the list with 1,550 attacks. Many of the U.S. attacks targeted computer networks inside of the country, while others tend to attack foreign targets.

Continue reading 'Company shows global cyberattacks in real-time per hour' (full post)

U.S. wants to open up cyberespionage talks with China again next month

Even though hacking and cyberespionage talks between the United States and China have stalled, it's an effort that U.S. lawmakers want to open up again. U.S. officials hope to see both sides begin discussions during the U.S.-China Security and Economic Dialogue scheduled to take place in Beijing next month.

 

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Talks temporarily halted after the U.S. government indicted five Chinese Army officers for cyberespionage, a move that angered Beijing.

 

"That's an economic problem as well as a bilateral problem and that kind of behavior risks undermining the support for the U.S.-China relationship among the U.S. and international business community," said Daniel Russel, U.S. Assistant Secretary of State, during a recent interview. "That's a problem and it's a problem we believe the Chinese must can address."

Continue reading 'U.S. wants to open up cyberespionage talks with China again next month' (full post)

European Space Agency software used to help detect bank fraud

Researchers from the European Space Agency (ESA) have developed software that is now being used to help detect online bank fraud. Former ESA consultant Paulo Marques, founder of Feedzai, sought a need for a sophisticated solution for communications via the Internet.

 

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Fraud detection demands large amounts of information to be analyzed in real-time, with thousands of banking transactions taking place per second. Unlike space technology, bank fraud software must be able to learn the behaviors of each individual and company - and the software has the ability to store information up to four years, helping create personal spending profiles.

 

In Portugal, every electronic purchase uses the sophisticated software, with Feedzai screening $229 billion worth of purchases and payments per year. An important task with cybercriminals targeting banks and financial instructions, with $11.4 billion lost in credit card fraud each year.

Continue reading 'European Space Agency software used to help detect bank fraud' (full post)

Verizon loses contract because German government upset about spying

Verizon has lost a valuable business partner because the German government pulled the plug on its current contract, angry about the National Security Agency (NSA) snooping on German politicians. Government officials were extremely angry when Edward Snowden mentioning eavesdropping on Chancellor Angela Merkel.

 

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"The pressures on networks as well as the risks from highly developed viruses or Trojans are rising," the German Interior Ministry said in a statement. "Furthermore, the ties revealed between foreign intelligence agencies and firms in the wake of the U.S. National Security Agency (NSA) affair show that the German government needs a very high level of security for its critical networks."

 

This is good timing for the German government, because Deutsche Telekom and other European wireless providers comply with data protection laws in the European Union (EU).

Continue reading 'Verizon loses contract because German government upset about spying' (full post)

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