Author Archives: admin

Winter Games targeted by hackers

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The Winter Olympics, which starts on 9th February in Pyeongchang, South Korea is already a target for hackers. Throughout the run up to the event, there have been apparent state-sponsored hackers, such as a campaign from Russia leaking Olympic documents, and possible North Korean hackers spying on South Korean Olympic… Read more »

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Hackers hit Japanese bitcoin exchange

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Attackers have stolen over half a billion dollars worth of digital currency from Coincheck, a leading Tokyo cryptocurrency trading exchange. The exchange has responded by suspending the withdrawal of virtually all digital currency and has alerted Japan’s Financial Services Agency and the police. This attack is not without precedent. Four… Read more »

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Cloud failure could be catastrophic

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If a major cloud provider was taken down – even for a few days – the cost to business could be astronomical. A new report from Lloyd’s of London and international risk modeller AIR Worldwide estimates that a three to six day cloud outage in the US might cost as… Read more »

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Google’s parent enters cybersecurity market

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Google’s parent company Alphabet has unveiled a new cybersecurity operation. The new venture, which trades under the name of Chronicle, will market security software to blue chip customers in an attempt to cash in on a cybersecurity market that is estimated to be worth $100 billion. Chronicle is based on… Read more »

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OnePlus hit by data breach

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Chinese smartphone manufacturer OnePlus has admitted that 40,000 of its customers have suffered credit card losses as the result of a breach to one of its systems. The accident-prone handset company has responded swiftly to the incursion; eliminating the malicious script, quarantining the compromised server and tightening up security in… Read more »

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UK must prepare for major cyberattacks

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In a wide-ranging interview with the Guardian, Ciaran Martin – CEO of the National Cyber Security Centre – highlighted the inevitability of a Category One cyberattack hitting the UK within the next two years. So far, the most serious incursion to affect Britain so far is been WannaCry. Despite causing… Read more »

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Cyber insurance increasingly important

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Confirming the World Economic Forum’s view that cyberattacks rank alongside natural disasters as the most serious threats to civilisation, Lloyd’s of London now estimates that a serious hack could cost the global economy as much as major recent hurricanes such as Harvey, Maria, Irma, and Katrina – in excess of… Read more »

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US hospital catches ransomware bug

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A hospital in Indiana has coughed up $60,000 to attackers who infected its information systems with Samsam ransomware. The opportunistic hackers capitalised on the severe weather and a serious flu outbreak to force the hospital into paying out four bitcoins to have its patient records unencrypted. The miscreants have now… Read more »

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Intel flaw leaves system backdoor open

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Finnish cybersecurity firm F-Secure has discovered a glitch in Intel’s processors that would take any malicious actor with physical access to a PC or laptop less than a minute to exploit. The vulnerability lies in Intel’s Active Management Technology (AMT) remote maintenance feature, leaving a backdoor wide open to intruders…. Read more »

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Cyberattacks now a top three global threat

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Forget nuclear war, terrorism, and climate change. According to the World Economic Forum, the three greatest threats to mankind are natural disasters, extreme weather and, you guessed it, cyberattacks. With so many aspects of modern day existence dependent on the Internet, the WEF’s Global Risks Report for 2018 cites ransomware… Read more »

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