Data Security News Headlines 19th July, 2016

  1. Indian-origin researchers report cyber security risks in 3D printing

NEW YORK: A team comprising of Indian-origin researchers has found cyber-security risks in 3D printing by examining two aspects printing orientation and insertion of fine defects. They found that since Computer-Aided Drafting (CAD) files used in the creation, modification, analysis, or optimization of a design do not give instructions for printer head orientation, malefactors could alter the process without detection.
Also, sub-millimeter defects that can appear between printed layers with exposure to fatigue and the elements were found to be undetectable by common industrial monitoring techniques, the researchers said. Attacker could hack into a printer that is connected to Internet to introduce internal defects as the component is being printed. These are possible foci for attacks that could have devastating impact on users from the end product, and economic impact in the form of recalls and lawsuit.

Cyber Security Tips: Immediately patch this vulnerability and update the printer software.

  1. Global security software market revenue crossed $22 billion, up 3.7 pc in 2015: Gartner

Bangalore: Worldwide security software revenue totaled $22.1 billion in 2015, a 3.7 percent increase in from 2014, according to Gartner. Security information and event management (SIEM) remained the fastest-growing segment in 2015, with 15.8 percent growth, while consumer security software showed the sharpest decline at 5.9 percent year on year.Symantec maintained the top position with $3.4 billion, Intel $ 1.75 billion, IBM $1.45 billion.

  1. Cyber-attacks on corporate sector up six folds in 2015-16, with every 10 th crypto-Ransomware attack is aimed at business users: study

Bangalore: According to a Kaspersky Lab report based on Kaspersky Security Network (KSN) data, the number of attacks against the corporate sector 2015-2016, compared with 2014-2015 has grown six fold (from 27,000 to 158,000). Thus, Ransomware tried to encrypt the data of every tenth B2B user. Cyber-criminals using Ransomware have begun to attack businesses more frequently, particularly small and medium-sized companies. This trend is confirmed by the IT Security Risks 2016 study from Kaspersky Lab and B2B International, during which 42% of respondents from small and medium-sized businesses agreed that crypto malware, was one of the most serious threats they faced last year. If a company has not been taking due measures to ensure the safety of its important information, purchasing the decryption key from cyber-criminals can be the only way to recover data. However, this does not guarantee complete data recovery. The best way to protect your company from malware is to prevent the attack in the first place. “Crypto-malware is becoming more and more serious threat, not only an organization losses money for ransoms but business can be paralyzed during files recovery. There is wide attack vector including web, mail, software exploits, USB devices, and others.”

Cyber Security Tips:  Make regular backup copies, Trust well known and respectful service provider, avoid free security software’s, and regularly update your software.

  1. Japan’s Softbank buys semiconductor giant ARM for $32 billion in cash

ARM Holdings plc is a British multinational semiconductor and software design company headquartered in Cambridge, England. Japanese telecommunication giant Softbank has confirmed that the company intends to acquire UK chip designer ARM Holdings for almost $32 Billion (£24.3 Billion) in an all-cash deal. ARM has also agreed to this offer from Softbank and said that its board would recommend the all-cash deal to shareholders. Softbank will pay nearly $22.5 per ARM share, which is 43 percent more than ARM’s closing share price on Friday and 41 percent more than ARM’s all-time high closing share price. ARM does not actually manufacture chips, but rather it licenses its semiconductor technologies to a huge variety of device makers.

  1. Now, computer ‘fingerprints’ may give out your identity, location

MELBOURNE: Unique online ‘fingerprints’ left behind while using your device in public locations can reveal your identity, and can be used to track your movements, say scientists who are trying to find ways to protect against the fingerprinting of personal computers. People’s leave behind online browser “fingerprints” at each location they visit on their internet browser, researchers said. Almost like a regular fingerprint, a person’s browser fingerprint – or “browserprint” is often unique to the individual. Such a fingerprint can be monitored, tracked and identified by companies and hackers. “This is because fingerprints build up in between the websites you’re visiting your browsing history and personal information can be pooled in the gaps between those websites,” he said. “Simply clearing your browsing history won’t make any difference to this, because the information is already out there,” he added.

Cyber Security Tips:  Secure your browser cookies, clear browser history, use encryption for storing cookies, Use secure browsing and use transport layer security.

  1. Cyber-crime: ATM scamming fraud suspect arrested

ISLAMABAD: The Federal Investigation Agency (FIA) has arrested a man who would allegedly defraud citizens after stealing their ATM card data, through scamming. FIA cyber-crime circle sources said that Muhammad Ashraf, the suspect, used to steal ATM card data through the internet and by scamming devices illegally attached to machines. After stealing information, the suspect would prepare counterfeit debit cards and fraudulently withdraw cash from the bank accounts of his victims. The suspect was arrested and produced before Senior Civil Judge-cum-Judicial Magistrate Abdul Ghafoor Kakar, on Monday. Judicial Magistrate Humayun Dilawar gave a sentence of four years rigorous imprisonment to an accused after he was convicted of robbery. Mudassar Hussain, the convict, will also pay a fine of Rs5, 000.

Cyber Security Tips:  To prevent such kind of crime ATM places need to improve security i.e. physical security, use of cameras, daily check ATM machines for skimmers, check third party service and user has to inform that check your bank statements regularly.

  1. Chris Correa Sentenced to 46 Months for Hacking Astros’ Computer System

Last June, the FBI began investigating the St. Louis Cardinals for hacking computers of the Houston Astros to access confidential scouting reports on the team’s players. Christopher Correa, the Cardinals’ former director of baseball development, plead guilty to five charges of unauthorized access of a protected computer back in January. Today, the FBI in Houston announced that Correa was sentenced to 46 months in federal prison for tapping into the Astros’ player files without permission. He’s also required to pay $279,038 in restitution for the incident. Correa was said to have viewed a scouting list of every player in the 2013 draft, trade discussions, player bonus details, stats and information on performance and injuries by the team’s minor-league prospects. In other words, details on nearly every facet of the team’s scouting operations. In total, the hacking was estimated to have cost the Houston Astros $1.7 million based on the fact that the stolen information was used to draft players for the Cardinals.

Cyber Security Tips:  To prevent from such attacks use strong authentication on your system, monitor your system for file integrity, encrypt all sensitive information.

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