encryption Archives

Tag: encryption

White House Cyber Chief: JP Morgan Underscores Critical Infrastructure Risk

October 9, 2014 Paul Roberts

The White House’s cyber security czar, Michael Daniel, said the Obama Administration is deeply concerned about the reported hack of systems belonging to banking giant JP Morgan Chase & Co. but sees the incident as part of a larger trend of attacks against U.S. critical infrastructure. Asked about the targeted attack against JP Morgan and other banks and financial institutions, Daniel said that the White House was concerned, but not surprised by the incident. “We have watched for several years the trend of malicious actors in cyber try to figure out how to target critical infrastructure,” he said. “Financial services is critical infrastructure.” The White House was concerned that a major U.S. bank would fall victim to hackers, but sees it in the context of a “broad trend,” rather than an isolated incident, he said. Speaking with Michael Farrell, the Cybersecurity Editor at Christian Science Monitor, Daniel hit on many of the now-common talking […]

For Cyber Security Awareness Month: Change Your Passwords, Or Ditch Them?

October 1, 2014 Paul Roberts

October has arrived. And while that means colorful foliage and Halloween for many of us, it is also a special time in the information security industry: cyber security awareness month – or NCSAM. Security Ledger will be supporting NCSAM this month with banner ads and other content that highlight NCSAM events. Cyber Security Awareness Month – in its 11th year- is a public-private effort to raise public awareness about online security and safety. It’s best known for the “Stop. Think. Connect.” meme, but also is an occasion for elected officials and private sector firms to highlight cyber security issues. In a Presidential Proclamation released on Tuesday, President Obama called cyber threats “one of the gravest national security dangers the United States faces.” “They jeopardize our country’s critical infrastructure, endanger our individual liberties, and threaten every American’s way of life. When our Nation’s intellectual property is stolen, it harms our economy, […]

Online Authentication Group FIDO Alliance Grabs A Big Bone: Alibaba

September 23, 2014 Paul Roberts

The FIDO Alliance, an up-and-coming industry consortium aimed at simplifying online identity and doing away with passwords added IPO darling Alibaba to its Board of Directors, according to a statement on Tuesday. The FIDO (or “Fast IDentity Online”) Alliance announced that Alibaba Group’s payments business, Alipay will be among the first to deploy FIDO technology for secure payments authentication. On September 17, the company announced that it will use Nok Nok Labs’ FIDO-compliant NNL™ S3 Authentication Suite to enable secure online payments via the Fingerprint Sensor (FPS) technology on the Samsung Galaxy S5. Alipay customers will be able to make payments and transfers using Alipay’s mobile application, Alipay Wallet by applying their fingerprint to the Galxy’s fingerprint sensor. “We look forward to participating on the FIDO Alliance board, and assuring that commerce and authentication are uniquely cooperative and seamlessly compatible,” said Ni Liang, Alibaba group, senior director, department of security, in a statement. Mobile payments […]

With $42m Invested, vArmour uncloaks with Software Defined Security

September 17, 2014 Paul Roberts

In the old days, startups would pull together funding from a small group of early “angel” investors and rush to get a product – any product- to market as soon as possible. The idea was to prove viability in the hopes of attracting larger investments that would let you actually develop the product you really want to sell. But that doesn’t work well for companies that want to solve really hard problem. Such projects, justifiably, need a longer runway that isn’t suited to vaporware or rapid product iteration. vArmour Networks, a Mountain View-based startup that emerged from “stealth” mode yesterday, is a good example of that latter kind of start-up. The company has already raised $42 million in three rounds, dating back to January, 2013. It is offering technology to tackle a vexing product: how to secure the information flowing within and between the growing ranks of virtual data centers. With […]

IoT Set To Transform Manufacturing, Security is Obstacle| IDG Connect

September 15, 2014 Paul Roberts

The folks over at IDG Connect have a good overview of what the German Government calls “Industry 4.0” but many of us just think of as a branch of the Internet of Things. The blog post by Andy Roxburgh, the Vice-President of Systems and Service in Schneider Electric’s Industry Business, predicts that automation and intelligent machinery will lead to a transition from human-intensive low wage manufacturing to machine centric “smart” manufacturing that lowers costs by taking humans out of the equation and using automation to create faster, more effective and nimble manufacturing processes. “Manufacturers need to prepare for a world where value is re-defined,” Roxburgh says. “Winning companies will be those who automate their operations and use data to create the smartest processes.” No surprise: security is one major obstacle on the road to Industry 4.0 (as we’ve written before). “Universally connected devices, more data, and a boom of cloud-based technology means manufacturers and users have more […]