In-brief: Verizon said in its latest Data Breach Investigations Report that threats from Internet of Things technologies were more theory than practice in 2014, but that 2015 could see IoT devices play a role in breaches.
Tag: banking
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.
Bitcoin Blockchain: A New Foundation for Online Trust?| NYTimes
The New York Times has a really interesting story on the rise of Bitcoin’s “blockchain” technology as the foundation of a whole new wave of start-ups and applications – some of which could have big implications for Internet of Things. From the article: “As Bitcoin’s price has declined over the last year, critics have been quick to declare the virtual currency dead. Bitcoin’s true value, though, might be not in the currency itself but in the engine that makes it possible. Underlying Bitcoin — created as a way to make payments directly, anonymously and outside government control — is the block chain, a decentralized database that is driven by cryptography.” While the future of Bitcoin as a form of digital “cash” is uncertain, block chain is turning out to be a very useful technology for a variety of purposes – from streamlining financial transactions online to vouching for the authenticity of […]
After White House Summit a Consensus – on Pessimism
In-brief: Even with a high-profile summit in the heart of Silicon Valley, partisan gridlock back in Washington D.C. will make progress on cyber security impossible, experts say.
Was Malware Behind A Billion Dollar Heist?
In-brief: The New York Times reports on a massive online heist involving more than 100 banks worldwide and losses of between $300 million and $1 billion, according to the security firm Kaspersky Lab.
