Archive for October, 2016

Despite Unprecedented DDoS Attack, Experts See Little Movement on Federal Cybersecurity Laws

From: Inside Counsel

While many see a lack of action on federal cybersecurity laws, there is a possibility of broad standards being developed for Internet of Things (IoT) devices.

By Ricci Dipshan

Broad support for federal action and an unprecedented distributed denial of service attack (DDoS), which crippled a host of popular websites across the United States and Europe in October 2016, might not be enough to push the federal government toward implementing national cybersecurity laws in the near future.

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2016 Cybersecurity Award Winners Lean Toward Collaboration with Decision-Makers

From: Government Technology

Winners in the four different categories also demonstrated leadership, creativity and initiative in driving change, and utilized technology to achieve results.

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Each year, the Center for Digital Government* recognizes the leaders and innovators in government cybersecurity, and this year’s winners were selected based on their efforts during the past two to three years to improve cybersecurity; their impact on the local, state and national scenes; their utilization of technology to achieve results; their creativity and initiative to make change; and their demonstrated leadership to drive change.

Beijing threatens legal action over webcam claims

From: BBC News

The Chinese Ministry of Justice has threatened legal action against “organisations and individuals” making “false claims” about the security of Chinese-made devices.

It follows a product recall from the Chinese electronics firm Hangzhou after its web cameras were used in a massive web attack last week.

The attack knocked out sites such as Reddit, Twitter, Paypal and Spotify.

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Everything we know about the great Indian debit card hacking

From: Quartz | India

Customers of India’s biggest lenders, including the State Bank of India (SBI), HDFC Bank, ICICI Bank, and Yes Bank, were affected, with an estimated Rs1.3 crore already whisked off by hackers. Caught squarely with their pants down, banks are now taking evasive actions: SBI, for instance, is re-issuing over 600,000 debit cards, while others like HDFC Bank have urged customers to change passwords and ATM PINs (personal identification numbers).

US, UK cybersecurity officials: Destructive hacks are coming

From: Federal Times

The world should brace itself for more physically destructive hacks, two senior cybersecurity officials said Wednesday, warning that a more dangerous era of hacking was already upon us.

Paul Chichester, the director of operations at Britain’s new National Cybersecurity Center, told an event hosted by British defense think tank Royal United Services Institute that electronic intrusions were on their way to becoming more “destructive, disruptive and coercive.”

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Ranking the Web With Radical Transparency

From: Linux.com

Ranking every URL on the web in a transparent and reproducible way is a core concept of the Common Search project, says Sylvain Zimmer, who will be speaking at the upcoming Apache: Big Data Europe conference in Seville, Spain.

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We spoke with Zimmer, who founded Jamendo, dotConferences, and Common Search, to learn more about why nonprofit search engines are important, why Apache Spark is such a great match for the job, and some of the challenges the project faces.

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Building the DHS cybersecurity workforce

From: CSO | DHS Cyber Central

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At the U.S. Department of Homeland Security (DHS), we fight against the world’s toughest cyber adversaries. They attack at the speed of light, rapidly changing their tactics — and targets — to exploit new vulnerabilities and new technology. We are constantly challenged to keep up with these adversaries and defend the safety and security of the American people – the highest stakes.

Our best weapon is our people. So today, we are sharing two videos with you to help us meet this mission.

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‘Rock Hall Of Famer’ Jerry Harrison Launching Red Crow Equity Crowdfund Platform

From: Forbes

Angel investor and ‘Rock & Roll’ hall of famer Jerry Harrison, most widely known for his work with the Talking Heads, is set to launch equity crowd funding portal Red Crow this November, which will initially target ‘social impact’ and healthcare/medtech sectors. There are also plans to expand into other verticals including cyber security, virtual reality, machine learning and potentially “environmentally focussed” investments.

The Milwaukee-born serial entrepreneur, an inductee into the Rock and Roll Hall of Fame back in 2002 with fellow Talking Heads’ musicians David Byrne, Tina Weymouth and Chris Frantz, is behind San Francisco-based Red Crow’s equity crowd funding portal launch that touts “exclusive and professionally-vetted investment opportunities” for both accredited (under ‘Title II’ designation) and non-accredited investors (‘Title III’).

Trust gives way to de-risking

From: Gulf Banking News

If the level of risk management is excessive, it interferes with legitimate business activity

Abdul Aziz Al Ghurair, Special to Gulf News

Banking as a business used to be less complicated. There were fewer regulations, and the choice of services was simple compared with the myriad now on offer. Trust was a central pillar in an individual’s or company’s relationship with their bank.

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GAO: Cyber Hacking Anxiety Could Reverse USPS Woes

From: District Sentinel

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A government watchdog analyzed how the internet is reducing Americans’ reliance on the US Post Office, and suggested that the downward trend of paper mail delivery may only be temporary.

Postal experts interviewed by the Government Accountability Office (GAO) claimed that continued “electronic diversion” in mail delivery is likely to be short-lived, as more people get burned in cyberspace.

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