Tag: online privacy

Facebook rolls out safer logins with a security key

security key

Facebook is adding a new feature that will help protect users from getting their accounts compromised. Users can now use a security key to authenticate their identity during the login process. If you use a security key, hackers won’t be able to get into your Facebook account, even if they have your username and password. Tech crunch reports that Users are only required to enter their username and password, then the site they’re logging in to responds by texting them verification code. The user enters the verification code, proving that he…

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United States Imposes Cybersecurity Sanctions on Russia

Staff Writer

On December 29, 2016, President Obama issued a new executive order that expands the authority of the US Secretary of Treasury to impose sanctions on individuals and entities for cyber-attacks to maintain cybersecurity reports the Business Advisor. This action marks the first-time sanctions have been imposed under the Cybersecurity Sanctions Program established on April 1, 2015, with the designation of nine entities and individuals. The new executive order specifically sanctioned five entities and four individuals in Russia for cyber operations aimed at the US election. The State Department announced that…

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Technology firms team up to curb ‘terrorist content.’

Facebook to invest $57 Billion in Africa’s Economy in next five years

Microsoft, Facebook, Twitter and You tube have embarked on a move to curb online terrorism responding to pressure from governments around the world. The announcement by Facebook, Twitter, Microsoft and Google-owned YouTube aims to use “digital fingerprints” to block or remove violent content or efforts to recruit social media users for attack cells. “There is no place for content that promotes terrorism on our hosted consumer services. When alerted, we take swift action against this kind of content in accordance with our respective policies,” said a statement issued by the…

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Banks remains top cybercrime targets globally

Staff Writer
Cybersecurity

As digital technology develops, the business organizations continue to experience more transformations and disruptions exposing themselves to more opportunities and threats. Attacks against the finance industry are becoming increasingly sophisticated and highly targeted. The economic crime has as well gone digital as every sector of commerce digitalizes. According to a U.S. cybersecurity report released by IBM, the financial-services industry ranked third in number of cyberattacks in 2015, after health care and manufacturing. Reports also indicate that there were 2.46 million cyber incidents and 2.11 million victims of cyber crime in…

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European Union privacy officials asks Facebook told to stop exploiting WhatsApp data

WhatsApp launches end-to-end encryption on messages for all its users

European Union privacy chiefs said Facebook must stop processing user data from its WhatsApp messaging service while they are investigating the privacy policy changes the company announced in August. The Article 29 Working Party, made up of privacy chiefs from across the 28-nation EU, told Facebook it had “serious concerns” about the sharing of WhatsApp users’ data for purposes that were not included in the terms of service and privacy policy when existing users signed up to the service, according to a statement e-mailed on Friday. European privacy watchdogs don’t…

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U.S. Federal bank regulators outline new cyber security standards to stem attacks

crypto-ransomware

U.S. bank regulators on Wednesday outlined cyber security standards meant to protect financial markets and consumers from online attacks against the nation’s leading financial firms. Leading banks will be expected to use the most sophisticated anti-hacking tools on the market and to be able to recover from any attack within two hours, said officials briefing reporters on the plan. The rules, which will be finalized after industry input, is meant to raise cyber security to a top priority for corporate executives and boards, according to the banking agencies. Banks with…

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Oracle acquires Palerra to upgrade Cloud Security

Staff Writer
banking security

Oracle has just concluded the agreement to acquire Palerra last Sept. 18. The move is expected to bolster the company’s push to expand its Identity Cloud Service, which is touted as a next-generation security and identity platform for the cloud. Both companies did not provide any details about the recent acquisition, particularly the cost involved. However, one should remember that Palerra has raised $25 million in funding last year. This figure should provide some insight regarding its value. “Together, Oracle and Palerra will help accelerate cloud adoption securely by providing…

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31pc of employees consider themselves the biggest threat to cyber security

Hackers Breach Top Wall Street Law Firms, Including Cravath Swaine & Moore LLP

Both companies and employees are aware of the damage cyber-attacks can make, and know that employees are the weakest link in a company’s security chain. Those are the results of two separate studies conducted by security firm WinMagic. During the Cloud Security Expo, it released the studies in which it asked 250 IT managers and 1,000 employees about the importance of IT security in the workplace. The data shows that businesses have taken actions to protect themselves following high-profile data breaches, such as the one which happened to TalkTalk. Almost…

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Hackers Breach Top Wall Street Law Firms, Including Cravath Swaine & Moore LLP, Weil Gotshal & Manges LLP

Hackers Breach Top Wall Street Law Firms, Including Cravath Swaine & Moore LLP

Reuters: Hackers broke into the computer networks of some big U.S. law firms, including Cravath Swaine & Moore LLP and Weil Gotshal & Manges LLP, the Wall Street Journal reported on Tuesday. Federal investigators are looking to see if confidential information was stolen for insider trading, as these law firms represented Wall Street banks and big companies, the Journal said, citing people familiar with the matter. Other law firms were also targeted, but the probe has not amounted to any clear information on what details have been stolen, the newspaper…

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Android app Malware steals two-factor SMS codes, hijacks big Australian banks systems

Millions of customers of Australia’s largest banks are the target of a sophisticated Android attack which steals banking details and thwarts two-factor authentication security. Commonwealth Bank, Westpac, National Australia Bank and ANZ Bank customers are all at risk from the malware which hides on infected devices waiting until users open legitimate banking apps. The malware then superimposes a fake login screen over the top in order to capture usernames and passwords. The malware is designed to mimic 20 mobile banking apps from Australia, New Zealand and Turkey, as well as…

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