Lifeboat Foundation

MADRID (Reuters) — The Bank of Spain’s website has been hit since Sunday by a cyber attack which has temporarily disrupted access to the site, a spokesman for the central bank said on Monday.

When it comes to the individual citizen, whose responsibility is it to guard against cybercrime? Research we’ve conducted suggests that governments have a crucial role to play. They need to support individual citizens, as well as businesses, in a more practical and proactive way, to manage this particular society risk.

For instance, they could provide individuals with free face-to-face assistance and cybersecurity support. They could give clear guidelines and provide government sanctioned security software for people to install, and make sure it’s easy to get hold of. New York has recently started providing this kind of support to its residents. Based on our research, we believe there’s scope for all governments, including those in Southern Africa, to do the same.

T-Mobile disclosed an “incident” in which hackers accessed “some” customers’ personal information—but no financial data or passwords.

Your phone number is increasingly tied to your online identity. You need to do everything possible to protect it.

Security experts from the SAN Institute speaking at the 2018 RSA Conference warn that enterprises should not assume that their data assets stored off site in cloud computing platforms are safe from cyber-attackers.

Fraudsters are now gingerly testing the waters in central and Western Europe with attacks that drain cash machines of their funds, according to a trade group that studies criminal activity around ATMs.

See Also: How to Combat Targeted Business Email Compromise Attacks

The European Association for Secure Transactions, or EAST, says the attacks, sometimes referred to as “jackpotting,” rose 231 percent in 2017 compared to 2016. Last year, 193 incidents were reported compared to 58 in 2016.

Continue reading “No Card Required: ‘Black Box’ ATM Attacks Move Into Europe” »

Officials have dragged their feet on updating machines and securing data – and a climate of fear could undermine voter confidence.

THE FIN7 HACKING group has leeched, by at least one estimate, well over a billion dollars from companies around the world. In the United States alone, Fin7 has stolen more than 15 million credit card numbers from over 3,600 business locations. On Wednesday, the Justice Department revealed that it had arrested three alleged members of the group—and even more important, detailed how it operates.

The Justice Department announced the arrest of three members of notorious cybercrime group Fin7—and detailed some of their methods in the process.

According to Marc Ph. Stoecklin, principal research scientist at IBM Research, DeepLocker is a “new breed of highly targeted and evasive attack tools powered by AI.”

DeepLocker was designed in an attempt to improve understanding of how AI models can be combined with malware techniques to create a “new breed of malware,” Stoecklin explained in a post. This new type of malware can disguise its intent until it reaches an intended victim, which could be determined by taking advantage of facial recognition, geolocation, and voice recognition.

“The DeepLocker class of malware stands in stark contrast to existing evasion techniques used by malware seen in the wild. While many malware variants try to hide their presence and malicious intent, none are as effective at doing so as DeepLocker,” Stoecklin wrote.

Continue reading “DeepLocker demonstrates how AI can create a new breed of malware” »