News That Matters

Tag: cyber

BAE launches cyber security intelligence network

BAE launches cyber security intelligence network

Technology
BAE Systems has launched a new industry forum and lobbying group called The Intelligence Network to address increases in cyber attacks. In April, the UK's National Cyber Security Centre and NCA warned that criminals were launching more online attacks against British businesses than ever before.Attempts to tackle this by the biggest companies have included sharing intelligence on the attackers' methods, but this has been blighted by insufficient data-sharing occurring on an ad-hoc basis.Speaking in London on Monday, James Hatch, the director of cyber services for BAE Applied Intelligence, acknowledged that collaboration between companies wasn't working well enough.In a new report by BAE, with contributions from Vodafone, think-tank RUSI, startup accelerator CyLon and others,...
This 'old-fashioned' identity theft is just as dangerous as the cyber kind

This 'old-fashioned' identity theft is just as dangerous as the cyber kind

Finance
Hackers aren't your only risk when it comes to identity theft and fraud. Data breaches and hacks like those at Equifax, the IRS and Yahoo! tend to dominate the conversation — and no wonder. Breaches hit a record high in 2017, with 1,579 reported incidents exposing nearly 179 million records, according to the Identity Theft Resource Center, which helps consumers dealing with identity theft and fraud. But in recent years, a little more than half of thefts of consumers' personally identifying information were classified as "non-digital," meaning they didn't involve — or at least, didn't start with — the thief e...
Aadhaar sitting duck for cyber criminals, says RBI-backed research

Aadhaar sitting duck for cyber criminals, says RBI-backed research

Finance
After a newspaper report claimed breach in Aadhaar database and that access to crucial info was available for an amount as little as Rs 500, concerns over the security of personal data have heightened. While the report could not be independently verified, even if the database cannot be breached, the worry is not unfounded. A study by a think tank affiliated with the Reserve Bank of India (RBI) too suggests that. A staff paper published by the Institute for Development and Research in Banking Technology has flagged serious safety issues. The paper, which attempts to trace the adoption of biometrics in India by the banks and the Unique Identification Authority of India (UIDAI), also studies costs and benefits of Aadhaar. "Aadhaar faces a number of challenges over the short and l...
PSNI hired cyber firm to unmask Twitter critics

PSNI hired cyber firm to unmask Twitter critics

Technology
The Police Service of Northern Ireland hired a private cybersecurity firm to investigate alleged Twitter accounts of officers mocking senior management.An internal investigation was launched a year ago after the PSNI's chief constable George Hamilton was criticised online for comments he had made to a junior officer on social media.Mr Hamilton told the officer to stop "wallowing in self pity" and "dry your eyes" after the officer raised concerns about the increasing pressures of the job.Following the exchange, a number of Twitter users criticised Mr Hamilton and posted anonymous complaints about the job and criticisms of PSNI management. The chief constable subsequently apologised to the officer.The PSNI brought in a private security firm to identify who was behind those accounts, many of ...
Bail of $30,000 set for UK cyber expert Marcus Hutchins

Bail of $30,000 set for UK cyber expert Marcus Hutchins

Technology
US prosecutors say a British computer expert has admitted to creating software that harvests bank details. But Marcus Hutchins' own lawyer says he denies six charges of creating and distributing the Kronos malware.The 23-year-old from Ilfracombe, Devon, who helped stall the WannaCry cyber-attack which hit the NHS, was arrested on Wednesday in Las Vegas. He was granted $ 30,000 (£23,000) bail, but will spend the weekend in prison after not being able to pay on Friday. As he left the courtroom Mr Hutchins was ordered to walk with his hands behind his back but he was not shackled.No members of his family were present, but defence lawyer Adrian Lobo presented the judge with a bundle of letters.She said they were from friends and relatives showing support for a client who had never been in trou