Top CyberSecurity News For 6th May 2016

  1. A 10-year-old hacked Instagram so Facebook gave him $10,000. From Mashable. Before he even reached the age requirement to make a Facebook account, a 10-year-old found a major flaw in Instagram, earning him a cool $10,000 from Facebook. Jani (his parents withheld his last name), figured out a way to get into Instagram’s servers and delete text posted by Instagram users, Finnish news site Iltalehti reported.

  2. Big data breaches found at major email services – expertFrom Reuters.  Hundreds of millions of hacked user names and passwords for email accounts and other websites are being traded in Russia’s criminal underworld, a security expert told Reuters.The discovery of 272.3 million stolen accounts included a majority of users of Mail.ru, Russia’s most popular email service, and smaller fractions of Google,  Yahoo and Microsoft email users, said Alex Holden, founder and chief information security officer of Hold Security.

  3. A four-step plan to prevent ransomware attacksFrom The Advisory Board.  Ransomware attacks encrypt your files and demand ransom for the decryption key. In some cases, hospitals have paid thousands of dollars to regain access to their data. To protect your data, Advisory Board experts recommend four common-sense steps.
  4. Critical flaws in ImageMagick library expose websites to hackingFrom CIO.com. A tool used by millions of websites to process images has several critical vulnerabilities that could allow attackers to compromise Web servers. To make things worse, there’s no official patch yet and exploits are already available. The vulnerabilities were discovered by Nikolay Ermishkin from the Mail.Ru security team and were reported to the ImageMagick developers who attempted a fix in version 6.9.3-9, released on April 30. However, the fix is incomplete and the vulnerabilities can still be exploited.
  5. Introduction to Digital CertificatesFrom Comodo. Digital Certificates are a means by which consumers and businesses can utilise the security applications of Public Key Infrastructure (PKI). PKI comprises of the technology to enables secure e-commerce and Internet based communication. The number of people and businesses online is continuing to increase. As access becomes faster and cheaper such people will spend even more time connected to the Internet for personal communication and business transactions. The Internet is an open communications network that was not originally designed with security in mind. Criminals have found they can exploit its vulnerabilities for fraudulent gain. If the Internet is to succeed as a business and communications tool users must be able to communicate securely
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