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Russian Embassy claims UK-based cyber attack launched against its website

“A spokesman for the Russian Embassy said: “According to preliminary assessments by our IT-specialists the hacker attack highly likely originated from UK territory.”” writes Stephen Harper for telegraph.co.uk. The Russian Embassy in London has claimed its website was targeted by hackers based in the UK. Officials at the consul said an investigation into the cyber attack, which took place on Monday, determined it was  “highly likely” to have originated in UK territory.The Kremlin has been accused of waging cyberwarfare against the West and has faced down the UK over accusations it ordered a…

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Czech cyber watchdog calls Huawei, ZTE products a security threat

“New Zealand’s intelligence agency last month rejected a telecoms provider’s request to use Huawei 5G equipment and Australia has banned Huawei from supplying 5G equipment” writes Midwest Communications Inc for 95kqds.com. PRAGUE (Reuters) – The Czech cyber watchdog warned network operators on Monday against using software or hardware made by Chinese telecom equipment suppliers Huawei and ZTE , saying they posed a security threat.U.S. government officials have been pressuring Deutsche Telekom , the majority owner of T-Mobile US , to stop using Huawei equipment, sources say.Cyber security had always been…

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Government looks inside to fill cybersecurity needs

“The federal government has trouble attracting people to cybersecurity jobs and keeping those it does hire” writes Eric Yoder for washingtonpost.com. In recent years, White House initiatives, congressional hearings and reports from the Government Accountability Office and others have focused on the government’s need to bolster its cybersecurity workforce.The government early in 2019 will launch the Federal Cyber Reskilling Academy, a training program for federal employees who do not work in information technology-related positions. The hopeful outcome from this is that we have proven this to be one of the…

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Stopping Data Breaches Will Require Help from Governments

“The challenge is compounded by the resources and sophistication that state and criminal cyber attackers can bring to bear” reports hbr.org. When it comes to cybersecurity, companies are on their own.We should move away from laws that focus on finding companies at fault, rather than as victims of criminal cyber activity.We need to reorient our cybersecurity focus. Source: hbr.org Share This:

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Crypto News 

Bitcoin ransoms just are not what they used to be

“The people behind a rash of bomb threats made across the United States and Canada on Thursday demanded a $20,000 ransom to be paid in bitcoin” writes Midwest Communications Inc for 95kqds.com. U.S. cyber security firm Chainalysis estimates that from 2012 through 2017, global ransom payments using bitcoin totaled at least $31 million.It shot from $5 a coin at the start of 2012 to nearly $20,000 at this time last year, according to data from Bitstamp, one of the larger bitcoin exchanges. Even the currencies of some crisis-hit economies like…

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News Oil 

Saipem servers suffer cyber attack in Middle East

“MILAN (Reuters) – Italian oil services company Saipem said it had identified a cyber attack out of India on Monday that had primarily affected its servers in the Middle East” writes Midwest Communications Inc for 95kqds.com. Servers in Saudi Arabia, the United Arab Emirates and Kuwait had been attacked as too, partially, had infrastructure in Aberdeen in Scotland, he said.Saipem, which is controlled by Italian state lender CDP and oil major Eni , is a market leader in subsea engineering and construction.Saipem’s head of digital and innovation, Mauro Piasere, told…

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FCA warns managers of wholesale banking and asset management firms have limited familiarity with cyber risks

“Boards and Management Committees of wholesale banks and asset management companies are more sensitive to the topic than in the past” reports financefeeds.com. The lack of in-house cyber knowledge results in a high level of reliance, potentially overreliance, on third-party advisors to supplement the firm’s cyber capabilities, the FCA warns.The UK Financial Conduct Authority (FCA) has earlier today published the findings of cyber multi-firm review, covering a sample of companies from the wholesale banking and asset management sectors.For instance, in both the asset management and wholesale banking sectors, not all…

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Information War Led to Khashoggi’s Murder

“He had become the prime target in a 21st-century information war — one that involved hacking, kidnapping and ultimately murder — waged by Saudi Crown Prince Mohammed bin Salman and his courtiers against dissenters” reports realclearpolitics.com. The Saudis knew that Israel, their historical nemesis, had the most sophisticated cyber tools.And according to American, European and Saudi sources, the Saudis increasingly looked to buy technology from Israeli cyber companies. Source: realclearpolitics.com Share This:

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U.S. will charge Chinese hackers with widespread attacks on tech service providers

“The Justice Department is preparing to charge Chinese government hackers with a broad campaign of cyberattacks against major technology services firms, according to two sources familiar with the matter” writes Eric Geller for politico.com. The charges come as the Trump administration, locked in a trade war with Beijing, alleges that China has violated a 2015 agreement against stealing U.S. businesses’ intellectual property. Source: politico.com Share This:

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