South Korean electronics giant Samsung Electronics Co. said on Tuesday that it will invest heavily in security for the Internet of Things sector, citing security for IoT as a ‘key future technology’ alongside energy storage and harvesting. The report on Tuesday, from South Korea’s Yonhap News Service said Samsung, currently the world’s top maker of mobile phones, said Samsung is soliciting proposals on IoT security algorithms and protocols through the end of June. Possible applications include “biometrics, smart structures and advanced traffic networks,” according to Yonhap. The announcement comes by way of Samsung’s Future Technology Fostering Center, a research group that the company established last year to help keep it on the cutting edge in technology. According to published reports, Samsung has pledged 1.5 trillion won ($1.34 billion) over 10 years to fund the Center. Approximately 750 billion won ($670 million) will be allocated to research projects through 2017.
Technologies
Akamai: New DoS Tool Leads To Resurgence of SNMP Attacks
The security firm Akamai issued an advisory to customers on Thursday warning that a new software tool for managing distributed denial of service (DDoS) attacks was leading to a resurgence in large-scale attacks that use Simple Network Management Protocol (SNMP) traffic to overwhelm web sites. The Threat Advisory (reg wall) was issued by Akamai’s Prolexic Security Engineering and Response Team (or PLXsert). According to the advisory, Akamai began noticing a resurgence in DDoS attacks using SNMP on April 11. The company said that firms in industry verticals including consumer goods, gaming, online hosting and Software-as-a-Service and non-profits had all been targeted. [Read more Security Ledger coverage of DDoS attacks here.] The company has identified new- and updated tools in the cyber underground, including one dubbed SNMP Reflector – that are enabling the attacks. Simple Network Management Protocol (SNMP) is a protocol that is used for managing devices on a network including […]
Cisco: Microsoft Silverlight Exploits Fueling Drive-By Attacks
Cisco Systems is warning that Silverlight exploits are being used in a rash of drive-by-download attacks, many tied to malicious advertising (or ‘malvertising’) campaigns. Writing on Cisco’s blog, Levi Gundert of Cisco’s Threat Research Analysis and Communications (TRAC) team said that Silverlight exploits are the “flavor of the month” and have been added to the popular Angler exploit kit since late April. “Since April 23rd we have observed substantial traffic (often from Malvertising) being driven to Angler instances partially using Silverlight exploits,” Gundert wrote. Attacks leveraging vulnerable instances of Silverlight are actually outstripping attacks against Java and Adobe Flash – the two platforms that have long been the preference of cyber criminal groups and exploit kit authors. Silverlight was the subject of a patch in March, MS04-014, to fix a vulnerability that could allow remote attackers to bypass a security feature. The vulnerability would allow an attacker who controls an attack website to launch specially […]
WSJ: Samsung Looks To Iris Scans To Secure Mobile Devices
Min-Jeong Lee has an interesting article over at The Wall Street Journal Digits blog on how mobile device maker Samsung is looking to expand its use of biometric sensors in mobile devices beyond the finger-print scanners that are now the state of the art. According to the article, Samsung is considering “various types of biometric [mechanisms]” in addition to fingerprint scanners. Samsung’s senior vice president Rhee In-jong told analysts and investors at a forum in Hong Kong on Monday that iris scanners are a top consideration. “One of things that everybody is looking at is iris detection,” Rhee said. The biometric features are part of Samsung’s enterprise-focused mobile software, dubbed “Knox.”According to Rhee, only a small portion of some 80 million Samsung devices that shipped with the Knox software, which provides additional security functions for use by businesses, such as hardware based “TrustZone” technology to isolate sensitive data, virtualization for data- […]
GE Opens Purse To Boost IoT Security
One of the big questions looming over Internet of Things with regard to cyber security is how well legacy security products will adjust to the IoT context. I think its safe to say that many of the tools and technologies that populate traditional IT environments (think: antivirus) aren’t well suited to use with Internet of Things devices which are often power and resource-constrained. IoT is a “ten-years-from-now” problem for enterprises. But for manufacturers like GE, it’s a “today” problem. That’s why GE is already investing in technology that it thinks is well suited to securing IoT and industrial environments. Last week, the company announced one such deal: acquiring the firm WurldTech of Vancouver Canada. The deal, announced on May 9th, will add Wurldtech’s technology and professional services to GE’s portfolio, with GE saying that Wurldtech products and services will “help to enhance the reliability of Industrial Internet operations.” Wurldtech makes security […]