When industry pundits talk about emerging technologies such as artificial intelligence (AI), the cloud and big data, they are quick to talk about multiple business benefits—better customer service, improved employee satisfaction and sales results, among others. What they neglect to mention is one of the most critical uses of AI and all of these next-gen technologies: They make it easier to defend an organization against cyberattacks on a massive scale.
LONDON Banks and other financial firms have rejected over a million new customers and cut off 370,000 existing ones due to financial crime concerns, Britain's Financial Conduct Authority said on Tuesday.
Cyber security researchers have found a new security flaw that affects a broad swath of modern computing chips and is related to the Spectre and Meltdown chip flaws that emerged in January.
BERLIN Germany's federal cyber agency called on chip and hardware-makers to address new vulnerabilities discovered in computer central processing units, but said no complete fix was possible at the moment.
MEXICO CITY Mexico's central bank said on Wednesday that a cyber attack had sucked around 300 million pesos ($15.33 million) in fraudulent transfers from five companies, but it was unclear how much thieves had managed to pull out in cash.
BERLIN Federal prosecutors are investigating a cyber attack on a subsidiary of German energy firm EnBW by unknown hackers last summer, the prosecutor's office said on Wednesday.
WASHINGTON The White House has eliminated the position of cyber security coordinator after President Donald Trump's first appointee for the job departed last week, a spokesman for the National Security Council confirmed on Tuesday.
Atlanta's 2019 budget process has been delayed by a March cyber attack that scrambled a swath of government data, temporarily closing courts, halting bill payments and slowing other key services in the most devastating "ransomware" assault on a major U.S. city, a city spokesperson said on Tuesday.
MEXICO CITY Mexico's central bank said on Tuesday that it was creating a cyber security unit, following a hack on a domestic payments system at the end of April that affected Mexican banks.
(This version of the story refiles to clarify description of how PGP works in para 21.)
WASHINGTON The U.S. Department of Homeland Security on Tuesday unveiled a new national strategy for addressing the growing number of cyber security risks as it works to assess them and reduce vulnerabilities.
MEXICO CITY Thieves siphoned hundreds of millions of pesos out of Mexican banks, including No. 2 Banorte, by creating phantom orders that wired funds to bogus accounts and promptly withdrew the money, two sources close to the government's investigation said. Hackers sent hundreds of false orders to move amounts ranging from tens of thousands to hundreds of thousands of pesos from banks including Banorte, to fake accounts in other banks, the sources said, and accomplices then emptied the accounts in cash withdrawals in dozens of branch offices.
AMSTERDAM The Dutch government said on Monday it had decided to phase out the use of anti-virus software made by Kaspersky Labs "as a precautionary measure" and was advising companies involved in safeguarding vital services to do the same.
MEXICO CITY An as yet unknown amount of funds were sucked out of at least five Mexican financial groups through "unauthorized transfers" in recent days, a top central bank official said on Friday, while stopping short of calling it a cyber attack.
MOSCOW/WALLDORF, Germany Most Western technology companies are losing ground in Russia under the weight of restrictive rules and mounting local competition. Germany's SAP is thriving.
WASHINGTON Cyber actors affiliated with Russia's government conducted an "unprecedented, coordinated" campaign against the U.S. election infrastructure, a U.S. Senate committee said on Tuesday, including successfully penetrating a few voter registration databases.
ABUJA West Africa's infamous internet scammers have evolved, dropping their impersonations of online love interests, princes and U.S. soldiers in favor of hijacking corporate emails, costing businesses hundreds of millions of dollars a year.
FORT MEADE, Md. The Pentagon's cyber warfare unit received an elevated status and a new commander on Friday, signaling the growing importance of digital combat as the United States grapples with sophisticated hacking by Russia, China and other actors.
WASHINGTON The U.S. National Security Agency collected 534 million records of phone calls and text messages of Americans last year, more than triple gathered in 2016, a U.S. intelligence agency report released on Friday said. | Video
Credit-monitoring firm Equifax Inc said on Monday it has sent a letter to several U.S. Congressional committees providing additional details on data that was breached in a cybersecurity incident in September.
- China's ZTE estimates at least $3.1 billion loss from U.S. sanctions: Bloomberg
- Mobile payment firms struggle to dethrone cash in Southeast Asia
- Foxconn's unit targets raising $4.3 billion in biggest China IPO since 2015
- Trump floats management changes instead of sanctions for China's ZTE |
- Facebook face-off: EU gets little news from Zuckerberg |