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Breach Preparedness

Ransomware: A Pervasive, Evolving Threat

Nick Holland  •  January 18, 2019

Leading the latest edition of the ISMG Security Report is an in-depth look at why ransomware remains a pervasive threat and how it's evolving. Also featured: updates on venture capital investments in cybersecurity and a study of vulnerabilities in industrial remotes.

Authentication

Data Breach Collection Contains 773 Million Unique Emails

Mathew J. Schwartz  •  January 17, 2019

Australian security expert Troy Hunt says an 87 GB compilation of username and password combinations - drawn from more than 2,000 databases - includes 773 million unique email addresses for apparent use in credential-stuffing attacks. Takeaway: Use a unique password for every site, or else.

Cybercrime

Insider Trading: SEC Describes $4.1 Million Hacking Scheme

Mathew J. Schwartz  •  January 16, 2019

The U.S. Securities and Exchange Commission has charged seven individuals and two organizations with being part of an international scheme that hacked the SEC's EDGAR document system, stole nonpublic corporate information and used it to illegally earn $4.1 million via insider trading.

Cybersecurity

Your Garage Opener Is More Secure Than Industrial Remotes

Jeremy Kirk  •  January 16, 2019

Radio controllers used in the construction, mining and shipping industries are vulnerable to hackers, Trend Micro says in a new report. To address the issue, researchers say, manufacturers need to move away from proprietary communication protocols and embrace secure standards, such as Bluetooth Low Energy.

Cybersecurity

Quantum Computing: Sizing Up the Risks to Security

Suparna Goswami  •  January 16, 2019

Within the next five to 10 years, quantum computing will get so powerful that it could be used to break encryption on the fly, predicts Steve Marshall, CISO at U.K.-based Bytes Software Services.

Governance

Hard-Coded Credentials Found in ID, Access Control Software

Jeremy Kirk  •  January 15, 2019

Researchers from Tenable Security claim they have found what is essentially a skeleton key for an ID and access control system that could open the doors for anyone, plus other less severe but nonetheless zero-day vulnerabilities.

Application Security

Why Software Bugs Are So Common

Suparna Goswami  •  January 15, 2019

The recent exposure of customer data on the website of Singapore Airlines as a result of a software bug is further evidence of the persistent challenge of adequately addressing security during the development stage.

Breach Response

Staff Disciplined in Wake of SingHealth Breach

Marianne Kolbasuk McGee  •  January 14, 2019

The organization that manages IT for Singapore's public healthcare sector says it has terminated, demoted or financially penalized several employees for their roles in the handling of a 2017 cyberattack on SingHealth, the nation's largest healthcare group. What do U.S. security experts think of these measures?

Cybercrime

UK Sentences Man for Mirai DDoS Attacks Against Liberia

Jeremy Kirk  •  January 14, 2019

A U.K. court has sentenced Daniel Kaye, 30, after he admitted launching DDoS attacks against Liberia's largest telecommunications company in 2015 and 2016. A rival internet services provider paid Kaye $100,000 to launch the attacks.

Breach Preparedness

Government Shutdown: Experts Fear Deep Cybersecurity Impact

Jeremy Kirk  •  January 11, 2019

The U.S. government shutdown is impacting agencies integral to the nation's cybersecurity readiness, and experts fear its long-term impact on the country's cyberattack response capabilities, as well as the risk that it will drive away desperately needed new cybersecurity talent from entering public service.

General Data Protection Regulation (GDPR)

'Right to Be Forgotten' Should Be EU-Only, Adviser Says

Mathew J. Schwartz  •  January 11, 2019

Europe's "right to be forgotten" should not apply worldwide, but only inside the EU, according to a nonbinding opinion issued to the European Court of Justice by one of its advocate generals regarding a case that arose from a dispute between France's data privacy watchdog and Google.

Breach Response

Card-Not-Present Fraud Costs Mount

Nick Holland  •  January 11, 2019

A Juniper Research analysis of why card-not-present fraud will continue to grow leads this week's edition of the ISMG Security Report. Also featured: Updates on a Neiman Marcus breach lawsuit settlement and a German hacking incident.