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Cybersecurity

Next-Gen Technologies Offer Best Defense Against Cyberthreats

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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.

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UK watchdog tells banks to fight cybercrime with innovative technology May 22 2018

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.

Microsoft, Google find fresh flaw in chips, but risk is low May 21 2018

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.

Germany calls on chip and hardware makers to tackle processor flaws May 21 2018

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 central bank says hackers siphoned $15 million from five companies May 16 2018

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.

German prosecutors probing hack of energy firm last year May 16 2018

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.

Trump scraps cyber czar post after first appointee leaves: White House May 15 2018

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.

Cyber attack delays Atlanta mayor's first budget pitch May 15 2018

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 central bank to create cyber security unit after hack May 15 2018

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.

Popular encrypted email standards are unsafe: researchers May 15 2018

(This version of the story refiles to clarify description of how PGP works in para 21.)

Homeland Security unveils new cyber security strategy amid threats May 15 2018

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.

Thieves suck millions out of Mexican banks in transfer heist May 14 2018

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.

Dutch government to phase out use of Kaspersky anti-virus software May 14 2018

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.

'Unauthorized transfers' siphon funds from Mexican banks: central bank May 12 2018

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.

Balancing act: software giant SAP navigates Russian risks May 10 2018

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.

U.S. senators accuse Russia of campaign against 2016 vote May 08 2018

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.

Nigeria's Internet fraudsters zero in on corporate email accounts May 08 2018

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.

Pentagon's Cyber Command gets upgraded status, new leader May 08 2018

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.

Spy agency NSA triples collection of U.S. phone records: official report May 08 2018

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

Equifax provides more detail to Congress on cyber security incident May 08 2018

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.