Top CyberSecurity News For July 4th 2016

  1. Hackers Target Ukrainian Bank, Steal $10 Mil over SWIFT.  From NewsBTC.   

    The banks now have an urgent need for blockchain based fund transfer solutions, as the conventional systems are being frequently compromised. The SWIFT network, which is widely used by the banks across the world for electronic fund transfers has been affected by multiple hacking attacks till date, resulting in huge loss of funds. After the recent hacking incident where hackers stole money belonging to the Central Bank of Bangladesh from US Federal Reserve, a Ukrainian bank has become the target of hackers. According to reports, an unnamed Ukrainian bank has lost about $10 million after the hackers gained entry into the bank’s computer systems. The money was then transferred from the bank to offshore accounts using SWIFT’s inter-bank transfer system.

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Top CyberSecurity News for 17th May 2016

  1. Malware attacks on two banks have links with 2014 Sony Pictures hackFrom CSO Online.  Bangladesh Bank, a commercial bank in Vietnam and Sony Pictures are the unlikely bedfellows in a tale of cyber intrigue uncovered by security researchers at BAE Systems. Researchers Sergei Shevchenko and Adrian Nish have found some links between malware involved in the 2014 attack on Sony Pictures and attacks on two banks involving the theft of credentials for the SWIFT financial transfer network.
  2. How Israel is turning part of the Negev Desert into a cyber-cityFrom Washington Post.  Here in the middle of the Negev Desert, a cyber-city is rising to cement Israel’s place as a major digital power. The new development, an outcropping of glass and steel, will concentrate some of the country’s top talent from the military, academia and business in an area of just a few square miles. No other country is so purposefully integrating its private, scholarly, government and military ­cyber-expertise.
  3. Vietnam bank says interrupted cyber heist using SWIFT messagingFrom Reuters. Vietnam’s Tien Phong Bank said that it interrupted an attempted cyber heist that involved the use of fraudulent SWIFT messages, the same technique at the heart of February’s massive theft from the Bangladesh central bank. Hanoi-based TPBank said in a statement late on Sunday in response to inquiries from Reuters that in the fourth quarter of last year it identified suspicious requests through fraudulent SWIFT messages to transfer more than 1 million euros ($1.1 million) of funds.

Top CyberSecurity News For 29th April 2016

  1. Former Tor developer created malware for the FBI to hack Tor users. From Daily Dot. How does the U.S. government beat Tor, the anonymity software used by millions of people around the world? By hiring someone with experience on the inside. A former Tor Project developer created malware for the Federal Bureau of Investigation that allowed agents to unmask users of the anonymity software.
  2. German nuclear plant infected with computer viruses, operator says. From Reuters. A nuclear power plant in Germany has been found to be infected with computer viruses, but they appear not to have posed a threat to the facility’s operations because it is isolated from the Internet, the station’s operator said on Tuesday. The Gundremmingen plant, located about 120 km (75 miles) northwest of Munich, is run by the German utility RW.

  3. Philippine central bank says foiled attempts to hack its website. From Reuters. The Philippine central bank has foiled attempts to hack its website, its governor said on Thursday amid a warning from global financial network SWIFT about recent multiple cyber fraud incidents targeting its system. SWIFT’S disclosure came as law enforcement authorities in Bangladesh and elsewhere investigated the February cyber theft of $81 million from the Bangladesh central bank account at the New York Federal Reserve Bank.

  4. Qatar National Bank investigating alleged data hack. From Reuters. Qatar National Bank, the largest lender in the Middle East and Africa by assets, is investigating an alleged security breach of data posted online this week that revealed the names and passwords of a large number of customers. A 1.5GB trove of leaked documents includes the bank details, telephone numbers and dates of birth of several journalists for satellite broadcaster Al-Jazeera, supposed members of the ruling al-Thani family and government and defense officials, Doha News website reported.

  5. How These Mormon Women Became Some of the Best Cybersecurity Hackers in the U.S. From Reuters. Sarah Cunha and Laura Wilkinson, two seniors at Brigham Young University, didn’t make it to graduation this year. Instead, the two women spent their grad weekend, April 22-24, fighting hackers and defending a network from malware attacks at the 2016 National Collegiate Cyber Defense Championship (NCCDC). The NCCDC, already in its 11th year, is the Olympics of college-level cyber defense. To qualify for one of the ten slots in the national competition, a school must first beat out all the local competition in a regional showdown.

Top CyberSecurity News For 28th April 2016

  1. If you use Waze, hackers can stalk youFrom Fusion.net. Researchers at the University of California-Santa Barbara recently discovered a Waze vulnerability that allowed them to create thousands of “ghost drivers” that can monitor the drivers around them—an exploit that could be used to track Waze users in real-time. They proved it to me by tracking my own movements around San Francisco and Las Vegas over a three-day period.

  2. Meet the malware that screwed a Bangladeshi bank out of $81mFrom The Register.  February’s hack against Bangladesh’s central bank that netted $81m in diverted funds is one of the biggest cyber heists of all time. Now researchers think they’ve found the malware that did it. A sample of the software nasty was obtained by researchers at defense contractors BAE Systems. The malware appears to have been custom built to use the global SWIFT (Society for Worldwide Interbank Financial Telecommunication) system and its Alliance Access backend.
  3. RuMMS Android Malware Attacks via SMS Spam, Steals Money from Bank Accounts. From Softpedia. Security researchers have discovered a new Android malware family that’s being spread using SMS spam messages and has been secretly stealing money from victims’ bank accounts after infecting their devices. At the time of writing, this malware family which FireEye researchers have named RuMMS has targeted only users living in Russia. The first infections hit users on January 18 and have continued until late April.
  4. National Infrastructure Attacks Mark Ominous Milestone for Cyber Security From InfoSecurity Magazine. Hundreds of thousands of homes across western Ukraine were suddenly left without power last December after a massive blackout. Though power was eventually restored, this event should serve as a wake up call for governments around the world, not just because of the severity, but due to the cause .
  5. Amazon force-resets some account passwords, citing password leakFrom ZDNet. Amazon has force-reset an unknown number of accounts, after passwords may have been compromised. A number of readers told ZDNet they received an email from Amazon saying the company has reset their account password. The message was also sent to their account message center on Amazon.com, and Amazon.co.uk, confirming the message is genuine.