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Cyber Security News of the Week, July 6, 2014
by Fred F. Farkel, Monday, July 7th, 2014


Guest column by Citadel Information Group

Cyber Crime

Astros Say Hackers Got Inside Trade Information: The Houston Astros said Monday that they have been the victims of hackers who accessed their servers and published months of internal trade talks on the Internet. ABC News, June 30, 2014

Benjamin F. Edwards Co. Discloses Data Breach Affecting Customers: The brokerage house, Benjamin F. Edwards & Co., disclosed yesterday that they had suffered a data breach due to an unknown intruder. Forbes, June 28, 2014

Cyber Attack

Russian Hackers Targeting Oil and Gas Companies: SAN FRANCISCO — Russian hackers have been systematically targeting hundreds of Western oil and gas companies, as well as energy investment firms, according to private cybersecurity researchers. The New York Times, June 30, 2014

Hackers tweet fake World Cup bomb threat on federal police page: Hackers infiltrated the Brazilian federal police’s Twitter account on Saturday and posted a tweet about a bomb threat at the Mineirao Stadium hosting the Brazil-Chile World Cup game. WashingtonTimes, June 29, 2014

Financial Cyber Security

Cybercrime Scheme Uncovered in Brazil: SAN FRANCISCO — Security researchers have uncovered what they believe is a significant cybercrime operation in Brazil that took aim at $3.75 billion in transactions by Brazilians. The New York Times, July 2, 2014

United States most popular target of online banking malware attacks: The United States accounted for 23 percent of online banking malware attacks during the first quarter of 2014, according to security company Trend Micro’s “TrendLabs 1Q 2014 Security Roundup” report. It’s not a surprise to find the U.S. is the most popular target, with a growing number of malware-related bank attacks. TweakTown, June 19, 2014

Identity Theft

Identity theft rises, consumers rage: The big data breaches almost seem routine. The count is 368 breaches so far this year, according to the Identity Theft Resource Center, a cybercrime research and education group. That’s up nearly 19 percent from the same period last year. The number of personal records exposed in 2014 thus far? Over 10 million. CBS News, July 1, 2014

Cyber Warning

Infamous Banking Malware Adds Email-Sending Feature: Cridex — a.k.a. Feodo and Bugat — now has a more streamlined and automated way of infecting victims and stealing their information. Dark Reading, July 1, 2014

Serious Android crypto key theft vulnerability affects 10% of devices: Researchers have warned of a vulnerability present on an estimated 10 percent of Android phones that may allow attackers to obtain highly sensitive credentials, including cryptographic keys for some banking services and virtual private networks, and PINs or patterns used to unlock vulnerable devices. ars technica, June 26, 2014

Half of All Network Devices Are Outdated – And Vulnerable: Aging, unsupported equipment leaves devices wide open to hackers and criminals. InfoSecurity, June 26, 2014

Cyber Security Management

Information Risk Maturity Index Says We’re Aware But Not Ready: A new study from PwC and Iron Mountain shows that businesses are having trouble balancing the need for data insight and the need for data security. Dark Reading, June 12, 2014

Cyber Security Management – Cyber Defense

Microsoft flips switch on new webmail encryption: Following a Google report about Web-based email that raised questions about Microsoft’s encryption efforts, Microsoft unveils major encryption milestones, including the use of TLS. CNet, July 1, 2014

Information Security for Journalists: The Bigger Picture: “Digital” security for journalists is intrinsically linked with information security, but the two are not necessarily the same. It’s important to understand information security to maximize digital security. Information security relates to all aspects of how you collect, manage, control, use and dispose of your data. It applies on paper as well as in digital format, but many of the principles are the same. PBS, June 27, 2014


ISSA-LA Members Winners of Los Angeles Business Journal 2014 CIO Awards: Two members of the Los Angeles Chapter of the Information Systems Security Association have won awards relating to cybersecurity at the recent annual Los Angeles Business Journal CIO Awards. PR Log, June 30, 2014

Cyber Survey

Net Losses: Estimating the Global Cost of Cybercrime: Cybercrime is a growth industry. The returns are great, and the risks are low. We estimate that the likely
annual cost to the global economy from cybercrime is more than $400 billion. McAfee, June 2014

Cyber Sunshine

Microsoft says disrupts cybercrime rings with roots in Kuwait, Algeria: (Reuters) – Microsoft Corp (MSFT.O) launched what it hopes will be the most successful private effort to date to crack down on cyber crime by moving to disrupt communications channels between hackers and infected PCs. Reuters, June 30, 2014

Cyber Calender

ISSA-LA July Lunch Meeting: Attack Trends, the Need for Intelligence. Integration and a Prevent-Based Security Posture: This presentation will review recent trends associated with malware, advanced threats and risky applications. It will also highlight security administrator views toward their ability to identify, analyze and prevent security breaches. The data points associated with these findings identify a clear need for information security intelligence that is rich in content and also actionable. Security administrators must be able to integrate intelligence into their security controls in near real-time to prevent evolving attacks. The session will also raise the need for security practitioners to consider switching their security postures from detect to prevent. ISSA-LA, Event Date: July 16, 2014

Copyright © 2014 Citadel Information Group. All rights reserved.

The IT Summit would like to thank Citadel Information Group for allowing us to provide this information to you. The post Cyber Security News of the Week, July 6, 2014 appeared first on Citadel Information Group.

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