IBM: Dyre Banking Malware Behind Sophisticated Crime Spree

In-brief: IBM researchers say they have seen a spike in malicious activity linked to the Dyre family of malware. Sophisticated attacks on business banking accounts have led to the theft of millions of dollars, IBM says. 

The Flood: IBM Launches $3B Internet Of Things Offensive

In-brief: IBM announced that it would spend $3 billion in the next four years to build an Internet of Things division that will develop tools to help companies tap the flood of data from connected devices and remote sensors. A partnership with The Weather Company is just the start. 

Android SDK Flaw Could Enable Dropbox Data Theft

In-brief: IBM researchers say they discovered a flaw in an SDK from the cloud storage firm Dropbox that could result in Android users accidentally sending their data to a Dropbox account controlled by a malicious actor.

IBM and Samsung bet on Bitcoin Tech to save the Internet of Things

In-brief: IBM and Samsung are collaborating on a platform they say will help billions of connected devices interact securely. The technology, “blockchain,” is borrowed – in part -from the online currency Bitcoin, but has better applications as a transaction processing system.

How Big Data holds the Key To Securing the Internet of Things

I’m seeing a lot of pre-conference promotion of content from the big Internet of Things Expo out in Santa Clara in early November. One interesting presentation that is worth checking out (the slides are already online) is James Kobielus’s talk on how IT professionals should address the security challenges of IoT. Kobielus is IBM’s program director for Big Data analytics product marketing. In his presentation, he tackles the question of whether the Internet of Things is (to use his words) “too big, diverse, pervasive,  and dynamic to secure comprehensively?” [Read our coverage of Internet of Things security here. ] After all, history will show that we’ve done – at best – a so-so job of securing the Internet of machines. How will adding a few zeros to the number of connected endpoints make things better? IoT will undermine even the tenuous walls we’ve built around our existing IT infrastructure: moving us to a […]