Apr
21

Revamped Verizon security report to help funnel funds into the right holes

From: The Sydney Morning Herald

Lia Timson

Cyber security threats vary according to industry sector, a report has found.

After analysing more than 63,000 security incidents that took place in 2013, Verizon’s annual Data Breach Investigations Report, used by corporations and governments worldwide as a benchmark of cyber security, or lack thereof, has come to a new conclusion.

The 2014 edition released on Tuesday analysed more than 63,000 incidents and 1361 data breaches as reported by 50 organisations in 95 countries, including computer emergency response teams (CERTs) and law enforcement agencies.

Apr
18

Aviation Industry And Government to Share Cyber Threats In New Intelligence Center

From: AviationPros

Rachel King

The aviation industry and the government announced Tuesday the creation of new platforms to share information about cyber security

SAN FRANCISCO, Calif. – The aviation industry and the government announced Tuesday the creation of new platforms to share information about cyber security. The Air Domain Intelligence Integration Center and an accompanying analysis center are the latest examples of how industry and government are starting to ramp up efforts to share information related to cyber threats as the problem continues to grow.

Apr
17

U.S. Agent Lures Romanian Hackers in Subway Data Heist

From: Bloomberg

By Del Quentin Wilber

U.S. Secret Service Agent Matt O’Neill was growing nervous. For three months, he’d been surreptitiously monitoring hackers’ communications and watching as they siphoned thousands of credit card numbers from scores of U.S. retailers.

Most every day O’Neill was alerting a credit card company or retailer to an online heist. The result was predictable: the companies canceled hijacked credit and debit cards and the aggravated hackers’ customers began complaining that the stolen card numbers weren’t working as promised.

It was only a matter of time before the cyber thieves realized they were being watched.

Apr
16

88 Percent of U.S. Consumers Are Worried About Data Privacy

From: eSecurityPlanet

One third of consumers have been directly impacted by the misuse of personal data in the past year, according to GfK.

By Jeff Goldman 

A recent GfK survey of 1,000 U.S. citizens has found that 88 percent of respondents are at least “a little” concerned about the privacy of their personal data (h/t Computerworld).

The poll, conducted from March 7 to 9, 2014, also found that one third of consumers were directly impacted by the misuse of personal data within the past year.

Apr
14

Heartbleed portends larger security threats

From: The Washington Post Editorial Board

TENS OF MILLIONS of Americans have been affected by the theft of their personal information in the digital age. In a recent major data breach at Target stores, numbers and names were taken from about 40 million customers, and many millions more suffered compromises in other personal information such as e-mail addresses or phone numbers. The victims trusted their retail stores, their credit- and debit-card issuers, their banks, and such security measures as a four-digit personal identification numbers, to protect their information.

Apr
09

Court Upholds FTC’s Power to Sue Hacked Companies

From: Nextgov

By Brendan Sasso Government Executive

The Federal Trade Commission has the power to sue companies that fail to protect their customers’ data, a federal court in New Jersey said Monday.

The ruling shoots down a challenge from Wyndham Hotels, which argued that the FTC overstepped its authority with a 2012 lawsuit against the global hotel chain.

The decision by U.S. District Court Judge Esther Salas is a major win for the agency. If the court had sided with Wyndham, it would have stripped the federal government of oversight of data security practices just as hackers begin to pull off more and more high-profile attacks.

Apr
08

Colombia Prepares New Cyber Security Strategy

From: Nearshore Americas

By Narayan Ammachchi

The Colombian government is drawing up a new cyber defense strategy to deal with the growing rate of cyber attacks, as the Andean country continues to use information technology to overhaul its education and healthcare sectors.

Officials from Mintic, Colombia’s ICT Ministry, are meeting web technology experts from around the world and giving final touches to the legal draft.

According to a Mintic press release, experts from 10 countries, including Canada, Spain and the USA, are currently reviewing Colombia’s cyber defense systems.

Read Complete Article

Apr
04

Chinese Investment In U.S. Tech Booms Despite Cybersecurity Fears

From: The World Post

Matt Sheehan

Chinese tech companies have splurged on major acquisitions of U.S. high tech firms in the first quarter of 2014, spending big bucks in pursuit of the markets, technology and talent found in the U.S., according to a report released Tuesday by the Asia Society and the Rhodium Group. But with cybersecurity questions driving a wedge in U.S.-China relations recently, the acquisitions are generating equal amounts of excitement and anxiety.

Apr
02

SC has no consistent computer security plan

From: Associated Press

COLUMBIA, S.C. — Officials have told lawmakers that South Carolina has no consistent plan for computer security among state agencies, more than a year after the state’s revenue department was hacked.

The State newspaper reported (http://bit.ly/1krZDa1 ) some senators said Tuesday they want to make cyber-security mandatory for state agencies.

Columbia Sen. Joel Lourie says the process has not moved as quickly as it should, after financial information for more than six million taxpayers was taken in 2012.

Read Complete Article

Mar
31

OAS to Send Technical Assistance Mission to Colombia on Cyber Security

From: Caribbean Journal

By the Caribbean Journal staff

The Organization of American States will be sending a technical assistance mission to Colombia on cyber security, the regional organization announced.

The mission, which will include more than a dozen international experts, is coming to the country at the request of Colombian President Juan Manuel Santos.

The OAS said the regional institution was “very pleased to continue supporting the development of Colombia’s capabilities in this area, and in this regard and responding to the request by the Presidency of Colombia, contributing with this committee of international experts to strengthen the country’s cyber security and cyber defense, as well as providing ideas for the legislative and institutional framework of Colombia in the matter.”

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