14 Feb 2019

What the Pentagon’s new AI strategy means for cybersecurity

On February 12, the US Department of Defense (DoD) released its new artificial intelligence (AI) strategy, which outlines plans for the integration of machine learning in the military’s defensive cyber operations. The strategy mentions that “in order to ensure DoD AI systems are safe, secure, and robust,” the pentagon “will fund

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14 Feb 2019

Ukrainian official: Hacking intensifies as election nears

The head of Ukraine’s cyber-police, Serhii Demediuk, is warning that increased Russian hacking efforts are targeting the upcoming presidential elections in the country. He predicts that attacks will continue to be launched before, on and after March 31, election day, in an attempt to disrupt the voting itself as well as the subsequent

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14 Feb 2019

80 Percent of U.S. Businesses Expect a Critical Breach in 2019

A new study by Trend Micro and The Ponemon Institute indicates that IT business leaders consider cyberattacks among the biggest threats to their organizations. A whopping 8 out of 10 respondents in the study fear that their business will suffer a critical security breach or cyberattack this year. The Cyber Risk Index

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14 Feb 2019

Bank of Valletta suspended all operations in wake of cyber attack

In a relatively rare indecent, a large bank has temporarily ceased all operations after threat actors breached its systems. On Wednesday morning, the Maltese Bank of Valletta (BOV) discovered that hackers were making illicit transfers totaling €13 million ($14.65 million) to various accounts overseas. While the bank blocked the transfers

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13 Feb 2019

Devastating Cyberattack on Email Provider Destroys 18 Years of Data

An unidentified threat actor has managed to cause “catastrophic destruction” to the infrastructure of US email provider VFEmail by breaking into the firm’s systems and wiping customer email data going back 18 years, together with all backup copies. Since the attacker did not reach out to the company and did

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13 Feb 2019

Double-Stuffed: Dunkin’ Hit by Another Credential-Stuffing Attack

For the second time in three months, Dunkin’ Donuts has stopped a credential stuffing attack targeting it’s loyalty program. The company believes the attackers aimed to compromise loyalty accounts by trying out login credentials for user accounts with other companies that have suffered a data breach. Credential stuffing takes advantage of

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12 Feb 2019

Trump gave the military freer rein for offensive hacking. Security experts say that’s a good idea.

According to a new Washington Post survey conducted among government, business and academic leaders, 60% of cyber security experts support President Trump’s decision to provide the US Secretary of Defense with increased autonomy for authorizing offensive cyber operations. The US President signed a directive for this plan in August of last

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12 Feb 2019

Climate Change Still Seen as the Top Global Threat, but Cyberattacks a Rising Concern

A new Pew Research Center survey conducted in 26 counties across the globe, highlights climate change, ISIS terrorism and cyberattacks as the biggest global threats. While respondents from 13 countries identified climate change as the biggest threat, ISIS was considered the main concern in 8 countries, including France, Italy, Russia, Indonesia

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08 Feb 2019

Ransomware Attack Via MSP Locks Customers Out of Systems

Earlier this week, an unidentified threat actor managed to launch a massive ransomware attack resulting in the encryption of between 1,500 to 2,000 endpoint devices belonging to users of a single US managed service provider (MSP). The MSP was subsequently urged to pay a ransom of $2.6 million to have the systems

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08 Feb 2019

13% Decline In The Overall Number Of DDoS Attacks

A new report by Kaspersky Lab indicates that distributed denial-of-service (DDoS) attacks declined 13% between the last quarters of 2017 and 2018. However, the duration of attacks more than doubled last year, from an average length of 95 minutes per attack in the first quarter of 2018, to 218 minutes in

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