Following the news that insurance giant Allianz has warned that the increasing volume of drones in our skies could present a major cybersecurity threat, potentially even resulting in loss of life. Mark James, Security Specialist at ESET commented below. Mark James, Security Specialist at ESET: “Sadly this technology is very hard to secure. Take into account the scale of these devices currently available and unregulated; the potential to use these devices for foul deeds is huge currently. The fact that these devices communicate over wireless methods is even more of a concern. There’s no 100% way to secure them but…
ISBuzz Team
Everywhere you turn in the world of business, you encounter business intelligence. It is a concept that is being used haphazardly and that is at a serious risk of turning into just another business-related buzzword. And it is a concept that does not deserve such a fate. It is a concept which has been changing the world of business for a while now, albeit under different monikers and with different approaches and tools. Today, the term business intelligence is used as an umbrella term for data which is collected, stored, analyzed and used to make business decisions. The term also…
Critical to develop intuitive solutions Ransomware is very much here to stay. First and foremost, ransomware should not be considered a technology threat; rather it is a criminal tactic that exploits any set of endpoint vulnerabilities. The age-old crimes of theft, fraud and extortion have merely found new homes in a cyberspace. It is important to note that criminal enterprises require the ability to anonymize and subsequently launder their ill-gotten gains. This involves operating in cash, making online analogies to traditional property crimes difficult. Certainly credit card fraud has been a key factor, but often those losses are borne by…
Visa has conducted extensive research into consumer attitudes to biometric payments. The results show that Britons place trust in their banks to provide biometric services. Robert Capps, VP of business development at NuData Security commented below. Robert Capps, VP of Business Development at NuData Security: “This study establishes that there is a strong desire on the part of consumers to have a secure user experience when interacting and transacting online. The desire, may not align with the reality of the situation. Physical biometrics such as fingerprints, selfies and voice authentication aren’t fool proof, and there are challenges that may block widespread adoption in…
Ransomware criminals are growing more sophisticated in their use of encryption, as criminals increasingly use asymmetric encryption methods, according to security pros. A report by ESET security researcher Cassius Puodzius published on the WeLiveSecurity blog detailed the use of encryption to secure communication between malware and command and control (C&C) servers. Travis Smith, Senior Security Research Engineer at Tripwire commented below. Travis Smith, Senior Security Research Engineer at Tripwire: “The benefits of asymmetric encryption is that it allows the encryption keys to be shared across an untrusted space like the internet. The algorithms behind asymmetric encryption allow for one key to encrypt data while another is…
Google has released a beta test version of its Chrome browser aimed at preventing quantum computers from cracking encryption. It is testing a new technology called CECPQ1, which will be injected into a few HTTPS sites, offering much stronger protection. Kevin Bocek, Chief Security Strategist at Venafi commented below. Kevin Bocek, Chief Security Strategist at Venafi: “Whenever the NSA urges companies to move, or be prepared – as they have with post-quantum crypto – it is a good indicator that something is coming. It would be safe to assume, therefore, that our adversaries are trying to break encryption, our systems of trust and authentication, and…
News of security breaches have become commonplace, but we have only yet seen the tip of the iceberg. According to a recent report, the total cost of ransomware is set to reach $1 billion in 2016. Furthermore, hackers are now resorting to whaling or business email compromise – i.e. stealing the business credentials of C-level executives and abusing their authority by tricking employees into making large wire transfers of funds to financial institutions. In the last three years, whaling scams have led to more than $2.3 billion in losses, according to the Federal Bureau of Investigation. Phishing, ransomware and whaling…
The Corporate IT Security Risks 2016* study shows that for the majority of victims, DDoS attacks are not a one-off occurrence, with many companies subjected to multiple attacks in the last year. This just goes to show how important constant preventative measures are to ensure uninterrupted operation of online services during an attack. DDoS attacks affected one in six companies over a 12-month period. The construction industry, IT companies and telecommunication services bore the brunt of these attacks. The majority of companies (79 per cent) reported being attacked more than once, while almost half of victims were attacked four times…
Volkswagen launches new cybersecurity firm to tackle car security – The automaker is partnering with Israeli cybersecurity experts to stay on top of digital threats to its vehicles. Rod Schultz, VP of Product, at Rubicon Labs commented below. Rod Schultz, VP of Product at Rubicon Labs: “This is a fantastic decision by VW. When done correctly, security manifests trust in a system and for a system. This trust was implicit in the automotive world for many years, but it is now crumbling, and the public is very aware of that fact. Poor embedded security decisions, coupled with false performance claims, have…
A man suspected of hacking into US government computer systems is to be extradited from Britain to face trial, a court has ruled. Chris Hodson, CISO EMEA at Zscaler commented below. Chris Hodson, CISO EMEA at Zscaler: “This extradition ruling could well be setting a new precedent for cybercrime convictions. The penalties for cybercrime have historically been disproportionate to in-person crime. However, this verdict could see that change, as cybercrime is now more frequent and more damaging to nation states and businesses than ever before. “By its very nature, hacking and online crime is complex and difficult to track, making attribution a tricky…