News 

Report: hackers believed to be sponsored by the Chinese government targeted over two dozen universities in an apparent bid to access maritime military research

“More Chinese cyberattacks occurring over this time frame just complicates the narrative and could potentially reinforce the security fears expressed by US intelligence agencies” writes Mar Est for theverge.com. The cyberattacks focused on universities that either studied underwater tech or had faculty with relevant backgrounds. Source: theverge.com

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European cyberattacks signal more Russian election meddling: Microsoft

“Recent cyberattacks discovered by Microsoft validate Europe’s fears that Russia, already blamed for meddling in the U.S. presidential election and the Brexit campaign, is aggressively targeting its parliamentary elections this spring” reports washingtonexaminer.com. The European Union’s elections, from May 23-26, give voters in member nations the chance to choose who represents them in its Parliament.Those included notification of attacks across organizational and personal email systems, security training and previews of the latest protective measures through its AccountGuard initiative. Source: washingtonexaminer.com

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With threats of cyberattacks looming over European elections, Microsoft expands AccountGuard cybersecurity program

“To combat this threat, Microsoft is expanding a cybersecurity program called AccountGuard to 12 European countries” writes Nat Levy for geekwire.com. Microsoft AccountGuard offers additional security measures tailored to how these organizations operate.European leaders expect the kinds of attacks that plagued the 2017 French presidential election will continue in European Parliament elections this year.European leaders are on high alert for potential cyberattacks ahead of major elections, and Microsoft reports hackers are also targeting groups focused on democracy, electoral integrity and public policy.Microsoft has recently taken up the mantle of election…

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Cyberattacks On Track To Lead Corporate Insurance Claims: Study

“That means fire and explosions accounted for nearly one-quarter of all corporate insurance claims filed between 2013 and 2018” reports pymnts.com. Fourteen percent of the value of corporate insurance claims were linked to aviation collisions and crashes.Despite the focus on cyber protection, however, a new report from insurance firm Allianz Global Corporate & Specialty said an unexpected category makes up the most popular type of claim filed by corporate customers of insurance products today.In analyzing 470,000 corporate insurance claims across 206 countries, totaling $66.5 billion in payouts, Allianz found in…

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Crypto News 

Malwarebytes reports consumer cyberattacks dropped as hackers target businesses

“Malwarebytes said in a new report that cyber attacks on businesses soared in 2018 while consumer hacks dipped” writes Chris O’brien for venturebeat.com. For consumers, the company tracked about 775 million malware attacks in 2018, down from about 800 million in 2017. There had been a slight uptick against consumers at the end of 2017, due to cryptocurrency miners, but those lost steam in 2018 as cryptocurrency valuations plunged. Source: venturebeat.com

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Fujitsu’s new AI tech aims to help respond to cyberattacks

“Fujitsu Laboratories Ltd. have created an AI technology that automatically determines whether action needs to be taken in response to a cyberattack” reports financefeeds.com. This technology identifies and extracts attack logs, which show the behavior of a cyberattack, from huge amounts of operations logs.Fujitsu Laboratories combined the newly developed technologies with its own Deep Tensor AI technology, and ran evaluative testing on the determination model that had been trained on the new training data. The new entity aims to grow Fujitsu’s global AI business by bringing together the innovative AI…

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Crypto News 

2018’s worst cryptocurrency scams, cyberattacks

“In the same month, a software developer revealed the CoffeeMiner attack, a means to use public Wi-Fi networks to perform cryptojacking — the covert mining of cryptocurrency without user consent” reports zdnet.com. Facebook decided to ban the advertising of ICOs, cryptocurrencies, and binary options on the social network due to the prevalent risk of scams and fraudulent schemes. One of Japan’s largest cryptocurrency exchanges, Coincheck, was hacked, while both BitConnect and Benebit pulled an exit scam. Source: zdnet.com

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House Republican campaign committee was hacked during 2018 election

“The National Republican Congressional Committee was hacked during the 2018 US midterm elections” writes Alfred Ng for cnet.com. None of the hacked emails were published, and the attackers didn’t contact the NRCC with threats to post them online, according to Politico.In attempts to prevent these cyberattacks, companies like Microsoft would take down phishing pages designed to fool campaign staffers. Source: cnet.com

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US reportedly urges allies to block use of Huawei equipment

“US officials are meeting with government representatives and telecom executives in the other countries to urge them to exclude Huawei equipment from government and commercial networks” writes Cnn Business for cnn.com. There are additional complexities to 5G networks that make them more vulnerable to cyberattacks.”. Huawei equipment increases the risk of cyberattacks and could allow China to spy on communications or disable connections in the fast growing “internet of things,” the US officials argue. Source: cnn.com

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Here are the ‘cyber 9/11’ scenarios that really worry the experts

“Former NSA head Admiral Michael Rogers told CNBC last month that “nothing is beyond the pale of possibility” for cyberattacks” writes Kate Fazzini for cnbc.com. They fall into three common themes: physical attacks that shut off or damage some aspect of critical services, financial attacks that spin out of control and lead to bank runs, and hackers changing data in a way that erodes trust in the economy and critical institutions. Source: cnbc.com

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