CyberSecurity Pulse 2016-05-19
|“Imagination is more important than knowledge. For knowledge is limited to all we now know and understand, while imagination embraces the entire world, and all there ever will be to know and understand.”|
Discrepancies to Decide Which Companies Will Be Subject to the New European Legislation on Cybersecurity
This directive, proposed by the Commission in 2013 and currently in the final stages of negotiations, aims to ensure a series of shared cybersecurity standards in the EU by improving the cybercapabilities, the cooperation, the adoption of risk management practices and the report of major incidents to the national authorities, with special emphasis on energy, transport, banking and health sectors.
However, the issues related to which digital service providers will be included in the law has been the sticking point in its development. In this sense, we will have to wait to see how each country draws up the list of the affected companies and how the election of the "objectively quantifiable criteria" that will determine which organizations will be subjected to the law is performed.
SWIFT Washed Its Hands Off Banks Cybersecurity Measures
The Cyber Act of War of 2016 would require the President of the United State to develop a policy to determine whether a cyberattack constitutes an act of war. The bill requires the White House to compare how a cyberattack may be equivalent to conventional weapons in destruction of causalities when evaluating the attack as an act of war. “Cyberattacks on our critical infrastructure are capable of impacting our entire economy and causing significant destruction. This legislation would require the executive branch to define which of these actions constitute a cyberact of war, which would allow our military to be better able to respond to cyberattacks", the United States Senator Rounds said in a statement.
Lack of Trust in Internet Security May Deter Economic and Other Online Activities
Online privacy or security concerns have stopped millions of people in the United States from using the internet to pay bills, shop or post on social media, according to a large government survey. The data from the National Telecommunications and Information Administration (NTIA) found that 29 percent of homes surveyed had not conducted financial transactions online because of privacy or security concerns. Thus, the Administration wrote in a blog post that "NTIA will continue to analyze relevant data, as well as potential policies that could help build trust in the Internet and stimulate the free flow of information and commerce online".
Rest of the Week´s News
One Million Computers Hacked for Making Big Money from Google AdSense
Skimer Malware Is Now Used to Target ATMs
Security experts at Kaspersky Lab have spotted a new strain of the malware dubbed ‘Skimer’ (Backdoor.Win32.Skimer). Skimer is an old threat that has been around since 2009, it is used by criminal organizations to steal money and payment card data from ATMs.
Hacker puts up 167 Million LinkedIn Passwords for Sale
In 2012, LinkedIn suffered a massive data breach in which more than 6 Million users accounts login details were posted online by a Russian hacker. However, now new reports suggest that a total 167 Million LinkedIn accounts were breached instead of just 6 million, leaving them on sale in a Dark Web marketplace for 5 bitcoins.