Data Security News Headlines 20th July, 2016

  1. NPCI plans negative database to check wallet-based frauds

MUMBAI: The National Payments Corporation of India (NPCI) may build a risk-based negative database on wallet-based frauds, which will help wallet companies detect fraudulent transactions early and stop them from going through. Several wallet companies have been facing issues around money that is siphoned off from bank accounts by fraudulent means and loaded into mobile wallets. The money then gets credited into the fraudster’s bank account, thereby causing a break in the digital trail. This makes it difficult for law enforcers to track the money. Once a wallet company receives a complaint or finds a transaction suspicious, it may alert the database with pointers like the bank account used or the location from which it was initiated. If these details are present with NPCI, then it can alert other wallets, block the bank account concerned and stop further transactions from similar points.

  1. Government taking steps to curb cyber-crimes in India

NEW DELHI: The Centre on Tuesday admitted that rate of conviction of those accused of committing cyber-crimes is low, but said it is taking steps to fight the threat posed by such offences to national security. “We cannot make a claim that the system what we have now to check cyber-crime is foolproof. We are working in this direction,” Union Home Minister Rajnath Singh told the Lok Sabha during question hour. Rajnath Singh said the National Democratic Alliance (NDA) government had set up an expert group to deal with cyber-crimes within 6-7 months of coming to power.

“The report is now available with us. Now we are working in that direction to fight the cyber-crime menace,” Rajnath Singh said. The steps being taken include improved training of cyber professionals and adequate research on technology front, Rajnath Singh said.

  1. Man arrested for threatening to post pics of woman online

Chennai: The city police on Monday arrested a man for threatening a 21-year-old woman, saying he would post her morphed videos and photographs on the internet. According to a police report, the accused, Amith, 27, of Guduvancherry, called the woman in the name of Prakash and threatened to post obscene videos of her if she failed to pay him 50,000. It was later revealed that the accused got the woman’s phone number from OLX.

  1. New Android malware blocks calls to banks’ customer care to report fraud

NEW DELHI: What do you do if you come to know that the banking app you have been using have been hijacked by a malware? You immediately call the bank’s customer support to seek help. However, a new malware reported by cyber-security firm Symantec not just replaces the interface of the banking app but also blocks calls to the respective bank’s customer support numbers. The malware has targeted several financial institutions in Korea and Russia. Dubbed as the “Android.Fakebank.B”, the malware was first discovered in 2013. “In March 2016, newer variants of the Android.Fakebank.B family arrived with call-barring functionality. The feature aims to stop customers of Russian and South Korean banks from cancelling payment cards that the malware stole,” said Symantec in its official blog post.

The banks and the respective customer care numbers that might be affected by this malware are, KB Bank: 15999999, KEB Hana Bank: 15991111, NH Bank: 15442100 and 15882100, Sberbank: 80055550, SC Bank: 15881599 and 15889999, Shinhan Bank: 15448000, 15778000, and 15998000.

Cyber Security Tips: Use good antivirus in your system, update your antivirus, and check app permissions while installing in your mobiles, check numbers in blacklist and remove if they are help line.

  1. OurMine is now hacking into Minecraft accounts

The attack is aimed at the user login page run by Minecraft’s developer, Mojang. OurMine isn’t revealing all the details behind the hack. The group said it works by stealing the Internet cookies from the site, which can be used to hijack any account. All that OurMine needs is the victim’s email address. The hack could allow the group to change the account’s password, too, OurMine claimed. But the hacking team says it has no malicious purpose in exposing the vulnerability. The hack specifically targets the user account system that customers rely on to access the PC and Mac versions of the game. OurMine said it will reveal the entire hack to Mojang once the developer contacts the group.

Cyber Security Tips: Use safe browsing using SSL/HTTPS secure your cookies with encryption.

 

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