cybercrime
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EU defense ministers take part in first cyber war game
European Union defense ministers have been taking part in a simulated cyber attack exercise today for the first time to practice strategic decision making and crisis-management under pressure of a (mock) cyber-attack against the bloc’s military structures. Read More
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Hackers nab $500,000 as Enigma is compromised weeks before its ICO
The ICO hackers are at it again. Enigma, a de-centralized platform that’s preparing to raise money via a crypto token sale, had its website and a number of social accounts compromised with the perpetrators netting nearly $500,000 in digital coin by sending out spam. Enigma, which was started by a group of MIT graduates, did not lose any money from the attack. Whoever orchestrated it… Read More
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China’s top social networks face investigation for hosting porn and illicit content
China continues to crack down on online media after the government announced that it is investigating three of the country’s most influential social networks for hosting illicit content. The Office for Cyberspace Administration is looking into content on chat app WeChat, micro-blogging platform Weibo and web forum Baidu Tieba, each of which stands accused of failing to stamp out… Read More
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More funding for AI cybersecurity: Darktrace raises $75M at an $825M valuation
With cybercrime projected to reap some $6 trillion in damages by 2021, and businesses likely to invest around $1 trillion over the next five years to try to mitigate that, we’re seeing a rise of startups that are building innovative ways to combat malicious hackers. In the latest development, Darktrace — a cybersecurity firm that uses machine learning to detect and stop… Read More
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After WannaCry, ex-NSA director defends agencies holding exploits
General Keith Alexander has warned there will be more ransomware attacks this year, and urged industry to work with government to try to defend against global cyber threats. Read More
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Report: Hackers ‘aligned’ with Vietnam government attacked international firms and media
A hacker group “aligned with Vietnamese government interests” carried out attacks on corporate companies, journalists and overseas governments over the past three years, according to a report from cyber security firm FireEye. FireEye, which works with large companies to secure their assets from cyber threats, said it has tracked at least 10 separate attacks from the group… Read More
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Companies, governments brace for a second round of cyberattacks in WannaCry’s wake
As the world readies to open for business on Monday, companies and governments are bracing for a second round of cyberattacks in the aftermath of Friday’s WannaCry hack. Indeed, security experts are already warning that a new version of WannaCry has emerged over the weekend that doesn’t have the kill switch protocol that stopped the initial version of the cyberattack late on… Read More
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Microsoft calls for establishment of a digital Geneva Convention
As the public grows more concerned with state-sponsored hacking, Microsoft is calling on tech companies to form a so-called “Digital Geneva Convention” by promising to protect users from nation-state attacks and vowing to never mount offensive cyber attacks. Microsoft is also pushing governments around the world to establish norms for engagement in digital warfare. Microsoft… Read More
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Researchers simulate a ransomware attack on industrial controls
Researchers at the Georgia Institute of Technology have created a form of ransomware that can hit us where it really counts: the water supply. Their program installed itself in a model water plant and allowed the researchers to change chlorine levels, shut down water valves, and send false readings to monitoring systems. “We are expecting ransomware to go one step farther, beyond the… Read More
Latest Crunch Report
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Snap sees risks in Brexit, hacking and China’s Great Firewall
Snapchat, which filed for its initial public offering today, sees potential risks to its business in cybersecurity and international regulation, particularly in China and the European Union. Security breaches — and the privacy concerns that follow — have already caused problems for Snapchat, according to its filing. The document refers to a CEO impersonation scam that occurred… Read More
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Ransomware completely shuts down Ohio town government
In another interesting example of what happens when you don’t manage your backups correctly, the Licking County government offices, including the police force, have been shut down by ransomware. Although details are sparse, it’s clear that someone in the office caught a bug in a phishing scam or by downloading it and now their servers are locked up. Wrote Kent Mallett of the… Read More
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UK spy agency-backed cyber security incubator picks first seven startups
A GCHQ-backed startup incubator has opened its doors in the UK, announcing its first cohort of seven startups participating in the three month accelerator program (see below for the list of teams). Read More
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Russian hacking team The Dukes targeting NGOs and think tanks after Trump victory
According to Internet security team Volexity has detected an active spear-phishing effort by Russian hacker groups including Cozy Bear and the Dukes. The targeted phishing emails feature subject lines like “The “Shocking” Truth About Election Rigging” and a false “FYI” from the Clinton Foundation. You can read about the efforts on Volexity’s own site… Read More
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China’s new cybersecurity law is bad news for business
The regulation would require instant messaging services and other internet companies to require users to register with their real names and personal information, and to censor content that is “prohibited.” Real name policies restrict anonymity and can encourage self-censorship for online communication. Read More
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Researchers sabotage 3D printer files to destroy a drone
Researchers at Ben-Gurion University of the Negev (BGU), the University of South Alabama, and Singapore University of Technology and Design have successfully injected malicious code into a computer which, in turn, added invisible commands to a file containing a 3D model of a drone propeller. When they printed the model and attached it to the drone, the propeller broke upon take-off. This… Read More
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UK’s new cyber security centre to debunk scare tactics and lead by example
The UK government has had enough of clichéd cyber dementor imagery, scary-sounding industry rhetoric and impossible security advice that the average consumer has no hope of following. Read More
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Crunch Network
As compliance pressure mounts, businesses turn to regulatory technology
More than seven years after the financial crisis began, economies worldwide are growing. Much of the recovery has been led by government spending, including massive sums on infrastructure projects, which typically involve interaction between governments and local partners, especially in emerging markets. While that has helped those economies grow, it has also driven worldwide growth in compliance. Read More
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U.S. officially attributes DNC hack to Russia
The Department of Homeland Security and the Office of the Director of National Intelligence confirmed today what cybersecurity companies have asserted since emails from Democratic National Committee employees leaked online over the summer: State-sponsored Russian hackers are responsible for the breach. “The U.S. Intelligence Community is confident that the Russian government directed… Read More
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UK’s national cyber security unit working on automated defenses
Giving his first public speech as CEO of the NCSC, at the Billington Cyber Security Summit in Washington today, Ciaran Martin warned that far too many unsophisticated cyber attacks are succeeding, going on to discuss the government’s new more pro-active cyber security strategy. Read More
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Europe agrees cyber threat strategy, plans to help fund more startups
The European Parliament has voted to adopt a set of measures aimed at bolstering resilience to digital threats and improving cybersecurity cooperation and info sharing across its 28 Member States. Read More
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