Sep
19

Singapore to have new academy to train cybersecurity professionals

From: ChannelNewsAsia

SINGAPORE: More needs to be done even as Singapore has made “good progress” in building up its cybersecurity capabilities, as it is more exposed than many other countries to cyberattacks, said Acting Prime Minister Teo Chee Hean on Tuesday (Sep 19).

To address this, and as part of efforts to invest in its people, Mr Teo said the Cyber Security Agency (CSA) will develop a new academy to train cybersecurity professionals, and it will partner leading industry partners to train those in government and critical information infrastructure (CII) sectors. This will be opened in the later part of this fiscal year, and will be expanded later to include cybersecurity professionals for the wider community.

Sep
12

First ever marine type approval system for cyber enabled components announced

From: Hellenic Shipping News

Introduction of this type approval procedure is important, as it defines a critical point in the evolution of smart technology implementation within the marine and offshore industry – delivering an assurance system that provides confidence in the market for the supply of cyber enabled components.

Providing all the benefits of traditional type approval; reassurance on supply chain quality and robustness within the marine environment, the new procedure will also incorporate consideration to the functioning of a cyber enabled system, such as cyber security.

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Sep
08

2 cybersecurity violations found at Pilgrim

From: Cape Cod Times

Nuclear plant owner has sought to bypass new federal requirements.

PLYMOUTH — Federal regulators found two violations related to cybersecurity at Pilgrim Nuclear Power Station during an inspection last month.

And although details are scarce, in both instances staff performance at the plant, which is owned and operated by Entergy Corp., again fell short.

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Sep
05

South Korea Moves to Impose Stricter Digital Currency Regulations

From: The Countelegraph

By Joshua Althauser

The South Korean digital currency task force held a joint meeting in September 2017 to discuss the introduction of stricter regulation and monitoring of virtual currencies, including Bitcoin. The task force is composed of the country’s central bank, financial regulators and cryptocurrency companies.

The meeting was attended by the Korea Fair Trade Commission and the National Tax Service, among others. Agenda items included the strengthening of user authentication procedures at exchanges and the ‘suspicious transaction reporting’ systems used at banks for deals related to virtual currencies.

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Aug
29

Banco de Mexico Governor: Bitcoin is Commodity Rather than Currency

From: Coin Telegraph

By Joshua Althauser

Banco de Mexico (Bank of Mexico) Governor Agustín Carstens thinks the digital currency Bitcoin should be classified as a commodity rather than as a currency. The bank governor argued that Bitcoin does not meet the existing definition of currency because it is not supported by a government or central bank.

According to the report by local Mexican newspaper El Economista, Carstens argued further that since there is nothing to ensure its accounting in a financial system, the virtual currency should be considered as a commodity.

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Aug
28

Regulators Concerned About Cyber Attacks on Financial Services

From: Which-50

Concern is growing among regulators in the Asia-Pacific region that financial services are increasingly at risk of a systemic cyber event. As such events will pose a major threat to the financial system, regulators across the region are moving rapidly to strengthen their regulatory and supervisory capabilities.

According to Deloitte’s Cyber Regulation in Asia-Pacific report, cyber-attacks globally and within Asia-Pacific are increasing in frequency and sophistication. The cost of cybercrime is estimated to reach up to $US575 billion a year, with financial services organisations a key target.

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Aug
24

Djibouti and Somalia to share submarine optic fibre

From: IWebAfrica

By Paul Adepoju

The governments of Djibouti and Somalia have reached an agreement on capacity sharing of the submarine optic fibre cable, the Djibouti African Regional Express.

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The agreement also extends to the promotion and strengthening of cooperation in regional interconnection, terrestrial fibre optics, cybersecurity, ICT regulation, cross-border signaling problems, spectrum management and numbering plan.

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Aug
23

White House advisory group warns of ‘9/11-level cyber attack’

From: FCW

By Mark Rockwell

“We’re in a pre-9/11 moment,” warned Mike Wallace, a member of the National Infrastructure Advisory Council, at an Aug. 22 White House meeting.

The group, which includes corporate executives and former senior government officials, voted up a report recommending that the U.S. establish separate communications networks to support critical systems and take steps to rapidly declassify cybersecurity threat information so that front-line infrastructure operators can use it to defend against attacks.

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Aug
21

FBI Warns US Private Sector To Cut Ties With Kaspersky

From: Slashdot

An anonymous reader quotes CyberScoop:

The FBI has been briefing private sector companies on intelligence claiming to show that the Moscow-based cybersecurity company Kaspersky Lab is an unacceptable threat to national security, current and former senior U.S. officials familiar with the matter tell CyberScoop… The FBI’s goal is to have U.S. firms push Kaspersky out of their systems as soon as possible or refrain from using them in new products or other efforts, the current and former officials say.

Aug
18

Unpatchable Flaw Affects Most of Today’s Modern Cars

From: Bleeping Computer

By

A flaw buried deep in the hearts of all modern cars allows an attacker with local or even remote access to a vehicle to shut down various components, including safety systems such as airbags, brakes, parking sensors, and others.

The vulnerability affects the CAN (Controller Area Network) protocol that’s deployed in modern cars and used to manage communications between a vehicle’s internal components.

It will take a new generation of cars to patch the flaw

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