Data Security News Headlines 12th August, 2016

  1. Chinchwad-based company duped of Rs 1 cr over mail

On Thursday, a Chinchwad-based MIDC company that deals with automobile spare parts, lost over Rs 1crore to such fraudsters. The accused had sent a fake mail to the company officials by hacking a foreign enterprise’s website with whom the former was dealing. Cops suspect that the whole scheme is a part of some international racket. Officials of the Chinchwad-based Kinetic Electrical Company have lodged a complaint at the Pimpri police station. The police have registered a case of cheating under Section 420 of Indian Penal Code (IPC) as well under the Information and Technology Act. According to the Pimpri police officials, the company deals in the starter switches of various vehicles and also imports some automobile parts from a Taiwan-based company. One of the cops from Pimpri police station said, “The company officials here have been in touch with a Taiwan- based company through emails. In May 2016, unidentified people hacked the company’s email address and sent a mail to this Chinchwad based enterprise. In that mail, the hackers mentioned that they have recently made new bank accounts at the Metro Bank in London. The hackers instructed the company officials to deposit money and carry out other transfers at this account. After the transaction, both the companies carried on with their regular business. However, nearly three months after depositing the money, when the Chinchwad-based company did not receive components from Taiwan, they immediately contacted the officials to know what the problem was. They found out that their mails were neither received by the company, nor had they asked anybody to deposit Rs 1.18 crore in the bank account.

Cyber Security Tips:  Always make sure about your client for payment, contact with them if you got any mail regarding payments.

  1. Mumbai: Ashutosh Gowariker’s wife loses Rs 1.3 lakh to cyber crime

Sunita, on August 5 received a message that Rs 1, 34, 333.08 was spent for online shopping using the card. Immediately, she contacted the manager of Ashutosh Gowariker Productions Pvt. Ltd (Khar West), and asked him about the transaction. The manager, Vishwanath Nayar (35) replied her in negative after confirming from the concerned department, after which Sunita asked him to file a police complaint the next day. Police is suspecting that it’s a hacker’s handiwork or Sunita had shared her PayTM account details with somebody, who mis used it. Neither Nayar nor Sunita could be reached, as Nayar “was not available in office for comment and Sunita madam is out of town,” informed an employee who identified himself as Sanjay. “A complaint under sections 420 of the IPC [Cheating and dishonestly inducing delivery of property] and section 66(c) (d) of the IT Act [punishment for Phishing] has been registered,” said Ramchandra Jadhav, senior inspector of Khar police station, adding that the Cyber cell has not been informed yet. Sunchita Trivedi, the spokesperson of Gowariker, said, “Sunita’s credit card was lost and somebody has used it for online shopping. The matter was reported to the police and is under investigation.

Cyber Security Tips: Keep secure your credit card, immediately inform respective bank to block it once you lost, and Keep eye on your bank account.

  1. Pakistan-based hacker defaces Canara Bank site, tries to block e-payments

MUMBAI: Amid frosty relations with Pakistan, a hacker from the neighboring country has attacked Canara Bank, one of India’s largest lenders. On August 2, the hacker, who calls himself Faisal, defaced the bank’s site by inserting a malicious page and tried to block some of the bank’s e-payment services. Within 24 hours of the attack, the Reserve Bank of India, in a letter marked ‘confidential’, advised bank chairmen to review funds lying in their bank’s (overseas) nostro accounts and carry out hourly reconciliation of payment emails by comparing outward messages with SWIFT confirmations. “There was no loss. As of now we are seeing 20,000 online payment transactions,” said the official.

Cyber Security Tips: Canera bank need to improve their security with vulnerability assessment, check for security breaches and immediately patch it if available.

  1. Car Thieves can unlock 100 million Volkswagens with a simple wireless hack

There are two distinct vulnerabilities present in almost every car sold by Volkswagen group after 1995, including models from Audi, Skoda, Fiat, Citroen, Ford and Peugeot. Computer scientists from the University of Birmingham and the German engineering firm Kasper & Oswald plan to present their research later this week at the Usenix security conference in Austin, Texas. The first attack can be carried out using a cheap radio device that can be made for just $40 with a small control board and a radio receiver, but is capable of eavesdropping and recording the rolling code values used by keyless entry systems. The code values are included in the signal sent every time a driver presses the key fob’s buttons, which is then used together to emulate a key that is unique to every vehicle. The researchers then managed to reverse engineer one component inside a Volkswagen’s network and were able to extract a cryptographic key that is shared among millions of Volkswagen vehicles. In the second attack, the team managed to attack a cryptographic scheme called HiTag2 — decades old rolling code scheme but still used in Millions of vehicles, including Alfa Romeo, Chevrolet, Peugeot, Lancia, Opel, Renault, and Ford. To carry out this attack, all a hacker needs is a radio setup similar to the one used in the above hack.

Cyber Security Tips: Secure your wireless network, check for vehicle recalls

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