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Iran the most dangerous nation for cyberattacks, says Saudi foreign minister

“The most dangerous nation for cyber threats is Iran, Saudi Foreign Minister Adel Al-Jubeir told CNBC on Sunday, saying that the country had been attacked “repeatedly” by its adversary” writes Natasha Turak for cnbc.com. Asked who he believed was the most dangerous nation in terms of cyber attacks and Al-Jubeir was unequivocal.”The most dangerous nation behind cyber attacks?.  Source: cnbc.com Share This:

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US’s greatest vulnerability is ignoring cyber threats from adversaries, foreign policy expert says

“Borge Brende, president of the World Economic Forum, weighed in, stressing the economic cost of cyber crimes” writes Natasha Turak for cnbc.com. America’s greatest vulnerability is its continued inability to acknowledge the extent of its adversaries’ capabilities when it comes to cyber threats, says Ian Bremmer, founder and president of leading political risk firm Eurasia Group.Speaking to CNBC from the Munich Security Conference on Saturday, the prominent American political scientist emphasized that there should be much more government-level concern and urgency over cyber risk.”It is very hard to attribute cyberattacks…

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White House Council of Economic Advisers report: malicious cyber activity cost the US economy between $57B and $109B in 2016

“WASHINGTON (Reuters) – Malicious cyber activity cost the U.S. economy between $57 billion and $109 billion in 2016, the White House Council of Economic Advisers estimated in a report on Friday” writes Min Read for reuters.com. But it also said malicious cyber activity is not limited to foreign actors.The report quoted the U.S. intelligence community as saying the main foreign culprits responsible for much cyber activity against U.S. targets are Russia, China, Iran and North Korea. Source: reuters.com Share This:

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US, UK governments blame Russia for 2017 NotPetya cyberattack

“The US and UK governments have officially blamed Russia for the NotPetya cyberattacks that happened in summer 2017” reports slashgear.com. Private security officials have blamed the Russian government since the attack happened, and now both US and UK governments are officially joining those ranks. We are committed to strengthening coordinated international efforts to uphold a free, open, peaceful and secure cyberspace.The White House and the UK’s National Cyber Security Centre have both released statements about the attack, each condemning the Russian government for “the most destructive and costly cyber-attack in…

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publicly pointing the finger at Moscow for spreading a virus

“The Washington Post newspaper reported in January that the U.S. Central Intelligence Agency attributed the NotPetya attack to Russian military hackers” writes Min Read for reuters.com. Moscow has previously denied being behind the NotPetya attack.The so-called NotPetya attack in June started in Ukraine where it crippled government and business computers before spreading around Europe and the world, halting operations at ports, factories and offices. Source: reuters.com Share This:

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U.K. blames Russia for crippling cyberattack

“Mondelez said shipment delays resulting from the attack caused its second quarter revenue to drop 2.7%” writes Ivana Kottasov for cnn.com. “The destructive attack masqueraded as ransomware, but its purpose was principally to disrupt,” the U.K. government said in a statement.Reckitt Benckiser (RBGLY), the British maker of Lysol, Mucinex and Clearasil, said the attack had a negative effect on its second quarter sales.Britain’s National Cyber Security Centre, which investigated the attack, said it demonstrated a “high level of planning, research and technical capability.”. The attack — called NotPetya — hit…

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The director of the FBI says the whole of Chinese society is a threat to the US — and that Americans must step up to defend themselves

“Many identified it as one of the top priorities for the intelligence community in the coming year” writes Michal Kranz for businessinsider.sg. Wray pointed to China’s use of unconventional intelligence sources as an example of its reach. Source: businessinsider.sg Share This:

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Russia says hackers stole more than $17 million from its banks in 2017

“MAGNITOGORSK, Russia (Reuters) – Hackers stole more than 1 billion roubles ($17 million) from Russian banks using the Cobalt Strike security-testing tool in 2017, a central bank official said on Tuesday” writes Min Read for reuters.com. Cobalt Strike is a security tool used to test the strength of an organization’s cyber defenses, but it has also been used by hackers to attack banks in Russia and Europe. Skobelkin said the Russian central bank had sent warnings to more than 400 organizations which were targeted by the Cobalt group last year.Russia…

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Olympics officials confirm there was a cyber attack during the Opening Ceremony — and Russia’s already denying they did it

“PYEONGCHANG, South Korea (Reuters) – Pyeongchang Winter Olympics organizers confirmed on Sunday that the Games had fallen victim to a cyber attack during Friday’s opening ceremony, but they refused to reveal the source” reports businessinsider.com. Stakeholders of the Olympics have been wary of the threat from hacking and some sponsors have taken out insurance to protect themselves from a cyber attack.Cyber security researchers said in January they had found early indications that Russia-based hackers may be planning attacks against anti-doping and Olympic organizations in retaliation for Russia’s exclusion from the…

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Buffett’s Business Wire now ‘stable’ after cyber attack

“Business Wire is still investigating the cyber attack, and has upgraded its security to avoid similar attacks, DeLeo said” writes Midwest Communications Inc for 95kqds.com. NEW YORK (Reuters) – Business Wire, the corporate news release distributor owned by Warren Buffett’s Berkshire Hathaway Inc, on Friday said it had fended off a cyber attack designed to disable it, and that its system was now “stable.”. A majority of Fortune 500 companies use Business Wire, the New York- and San Francisco-based company has said. A denial of service attack occurs when hackers…

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