In light of increased and more sophisticated threats in the cybersecurity landscape, tech giants have vowed to get more serious about protecting their customers by working together through a new Cybersecurity Tech Accord. Thirty-four companies—including Microsoft, Oracle, HP, Facebook, Cisco, Nokia TrendMicro and others—have signed on to the accord, which was unveiled Tuesday at the RSA Conference taking place in San Francisco this week. Those signing on said it’s the largest-ever group to agree to band together in the fight against malicious attacks from cybercriminals and nation-states. Speaking at the conference at the unveiling of the accord, Microsoft’s President and Chief Legal Officer Brad Smith told attendees that the recent WannaCry and NotPetya malware attacks were a sign that cybersecurity events were taking a turn for the worse. “We need to get the governments of the world to stop targeting tech companies, stop targeting the electrical grid, the private sector, hospitals,” […]
In-brief: Smart phones infected with Android malware jumped 95 percent between 2015 and 2016, part of a steady increase in mobile phone infections in recent years, Nokia said on Monday.
In-brief: After a fall from grace in the mobile handset business, Nokia is betting that its ability to do scale and security will help its Impact IoT platform best a crowded field. We speak with Rajesh Kashawa, head of Nokia’s Internet of Things Business Unit.
The spectacular collapse this week of Code Spaces, a cloud-based code repository, may have been the result of a an unspectacular “opportunistic” hack, rather than a targeted operation, according to one cloud security expert. The sudden demise of the online application repository has sent shock waves through the tech industry, laying bare what some say are lax practices among many cloud-based application and infrastructure providers. But the attack itself was almost certainly the result of a larger, indiscriminate cyber criminal campaign, said Jeff Schilling, the Chief Security Officer of Firehost, a Texas-based secure cloud provider. “This is something we pretty frequently: companies get held ransom with a DDoS attack, and if that doesn’t work, (the attackers) will resort to doing other things,” Schilling told The Security Ledger. But Code Spaces almost certainly wasn’t the only company the extortionists worked on, Schilling said. Instead, the company was likely caught up in a wide net […]