cyber security News

UK Opens National Cyber Security Centre; MGA Sciemus Comments

The UK’s National Cyber Security Centre (NCSC) was officially launched this week – a government sponsored organization that is focused on improving the UK’s cyber security and cyber resilience. The NCSC will use its new offices in Victoria, London “to …

Tesco Bank Hack Still a Mystery – to Frustration of Other UK Lenders

British banking executives and security experts are growing frustrated at the dearth of information available more than three months after 2.5 million pounds ($3.09 million) was stolen from Tesco Bank in the UK’s biggest financial cyber heist. Security officers normally …

Nearly 1.9M Michigan Workers’ Info Possibly Compromised

Social Security numbers and other personal information of up to 1.87 million Michigan workers may have been compromised, the state said on Feb. 3. The problem stemmed from a software update to Michigan’s troubled unemployment computer system, state officials said. …

Europe’s Firms Face Potential ‘Perfect Storm’ of Cyber Threats: MMC Report

European companies are unprepared to cope with the reality of today’s cyber risks, according to a new report from Marsh & McLennan Cos. (MMC) and cyber security company, FireEye. However, companies will be forced into action as a result of …

Idaho Governor Orders Cybersecurity Improvements for the State

Idaho Gov. C.L. “Butch” Otter has signed an executive order aimed at protecting the state’s computer networks from hackers. The order signed this week creates a director of Information Security position, with that person reporting directly to the governor. The …

Canada’s Energy Firms at Risk from Cyber, Bomb Attacks: Security Service

Canada’s main spy agency last year warned energy companies about an increasing risk of cyber espionage and attacks on pipelines, oil storage and shipment facilities and power transmission towers using homemade explosives, according to a classified document seen by Reuters. …

2017 Cyber Risks to Intensify as Hackers Become More Cunning: Report

Top cyber threats during 2017 are expected to include nation state cyber espionage, a rise in data integrity attacks and an increase in attacks harnessing Internet of Things (IoT) devices, according to a report published by Stroz Friedberg, an Aon …

Taiwan’s $2M ATM Theft Linked to Europe’s ATM Heist: Cyber Security Firm

The group that orchestrated the theft of over $2 million from cash machines at Taiwan’s First Commercial Bank in July was also behind an ATM hacking spree in more than a dozen European nations last year, according to cyber security …

Bangladesh Police Detail How Insiders May Have Aided Cyber Bank Heist

A top investigator into the electronic theft of $81 million from the Bangladesh central bank is turning his attention to some IT technicians from the bank whom he suspects hooked up its transactions system to the public Internet, giving hackers …

Security Weaknesses Found at Smartphone-Only, Fintech-Startup N26

German fintech company N26, which made its name mocking traditional banks, has found itself on the receiving end of criticism after a security researcher proved its smartphone apps exposed users to potential account hijacking. N26, previously known as Number26, has …