South Africa Must Pay More Attention to Cybercrime

From: AllAfrica.com

By Eric Tamarkin


Efforts such as the South African Police Service’s (SAPS) recent ‘Safer Festive Season’ campaign may have increased public awareness of threats such as armed robberies and cash-in-transit heists, but how many South Africans considered their vulnerability to cybercrime during the recent holiday season?


Data Protection Norms In EU May Hurt Indian IT Sector: Nasscom

From: SiliconIndia

New Delhi: Even as outsourcing demand from Europe revives after the debt crisis, data protection regulations in the region governing trans-border data flows could hurt the $108 billion Indian IT—ITeS industry, sectoral body Nasscom said.

“Challenges that I see are the U.S. Immigration Bill and the data security in Europe. These are areas that we are working on…I had gone (there) in September and had conversations with EU.”

”…security in Europe has the potential of going into directions which will not be conducive for (those) countries as well as our (IT) industry. They will get hurt and we will also get hurt,” Nasscom President R Chandrasekhar told reporters on the sidelines of the 3rd annual Action for India forum.


Target data breach exposes serious threat of POS malware and botnets

From: TechRepublic


                     In the wake of Target’s massive data breach, Michael Kassner explores the rise of POS malware and botnets.

After the Target data breach, I became curious as to how digital criminals were able to manipulate Point of Sale (PoS) systems without raising red flags. From what I’ve read, it’s surprisingly easy.

Before we dive into what the bad guys can do: let’s take a quick look at a generic PoS system. PoS hardware consists of the device used by customers to swipe their credit or debit card, and the computing equipment electronically attached to the device.


Why Snowden’s Revelations Were A Win For China

From: The Diplomat

Snowden’s revelations about U.S. cyber-espionage have benefited China economically and politically.

By Shannon Tiezzi

With Edward Snowden back in the news again (not that the attention ever really dissipated), it seems like a good time to explore how last year’s explosive revelations have affected China. As Robert Garrett pointed out, in some ways the Snowden revelations could potentially threaten Chinese leaders, should the files contain incriminating information on corruption within the Party’s upper echelon. However, I would argue that this potential risk is more than outweighed by the gains that have already been realized.


Bruce Schneier Joins Co3 Start-up Firm

From: Infosecurity-Magazine.com

When Bruce Schneier suddenly left BT in December, he hinted that he would explain his future plans in the new year. On what was for most people the first working day of 2014 he did just that – Schneier is the new CTO of start-up firm Co3. He has reunited with John Bruce, formerly CMO at Counterpane (the company Schneier sold to BT) and now CEO at Co3.


How a bureaucrat in a struggling country at the edge of Europe found himself safeguarding the world’s data

From: Quartz

By Leo Mirani

DUBLIN—The world’s tech companies are coming to Dublin, as the Irish prime minister and his various trade representatives will tell you. Yet every morning, the man in charge of overseeing how these companies use our data cycles to Heuston station, takes a 50-minute train ride out of Dublin, and walks the last five minutes to his office next to a convenience store in Portarlington, a town of some 7,500 people in the Irish midlands.

It is an unlikely place for what has grown to become one of the most important offices in global privacy. But little about this story is likely.


FireEye acquires Mandiant in $1bn deal

From: BBC/News

Cyber security company FireEye has acquired Mandiant, a firm known for responses to network breaches, in a deal worth more than $1bn (£608m).

Mandiant rose to prominence last year after it alleged that a secretive branch of China’s military had stolen data from more than 100 global firms.

The deal, one of the largest ones in the sector recently, comes amid increased worries over cyber security.

FireEye shares rose 24% in after hours trading in New York on the deal.

The companies said they had agreed the deal on 30 December, but only made it public on Thursday after close of US markets.


Federal departments consider banning USB keys in wake of dozens of security breaches

From: National Post (Canada)

A USB key handed out to an employee in the federal department that helps Canadian companies compete for domestic and foreign security contracts vanished early in 2013.

A week-long trail of emails, phone calls led security officials to conclude it was “impossible to assess [the] compromise” related to the loss of the device. Nor was it clear who was telling the truth about the number of hands the one small device passed through: Employees pointed fingers at each other, with none knowing where the USB key ended up.

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