CyberSecurity Pulse 2016-06-05

CyberSecurity Pulse 2016-06-05

“If you do not know the names of things, the knowledge of them is lost, too.”
Carolus Linnaeus

Analyst Insight

The Price of Bitcoin Is Rising. But How long?

Bitcoin is negotiating its highest price in almost two years. In less than two weeks, its price has risen from 438 to 539 dollars. But, what happened to it to make it grow so much in such little time? CyberSecurity Pulse 2016-06-02The reality is that is not so easy to know which factors are having a greater impact on the price. Financial analysts believe that this cryptocurrency is susceptible of being used by Chinese citizens to avoid capital constraints and controls carried out by China to move money out of the country. Furthermore, these restrictions combined with the weakening of the yuan could be a reason to explain the recent increase in demand for bitcoins.

However, any upturn in the modalities of extortion carried out on the Internet, as ransomware does, could also have an influence in their growth. In parallel, an event is going to take place that could somewhat reverse this trend: Australian police has planned to auction 24,518 in bitcoins (more than 13 million dollars at the current exchange rate) after seizing a portfolio of goods proceding from illegal activities. A large enough amount to have an impact… Provided a buyer has submitted a bid for them.


Top Stories

DOD is Creating an Insider Threat Database

CyberSecurity Pulse 2016-06-02The Department of Defense is building a massive information-sharing system detailing national security personnel and individuals cleared for accessing US secrets, to flag who among them might be potential turncoats or other insider threats. The DoD Component Insider Threat Records System is part of the US government’s response to the 2010 leaks of classified diplomatic cables by former Private First Class Chelsea Manning. Now, the Pentagon is establishing a team of cross-functional experts trained in cybersecurity, privacy, law enforcement, intelligence and psychology to help fill that gap.

» More information at the Federal Register

Senate Bills Tasks FAA to Oversee Sharing of Cyberthreat Information

CyberSecurity Pulse 2016-06-02The Federal Aviation Administration (FAA) could find itself with more oversight of the cybersecurity threats facing industry if a senator’s information-sharing bill makes it through committee. The Cyber AIR Act, introduced by Senator Ed Markey (D-Mass.), a member of the Commerce, Science and Transportation Committee, would require airlines to report any attempted cyberintrusion to the FAA. The bill reflect the goal of Suzanne Spaulding, the under secretary of DHS’ National Protection and Programs Directorate, for industry to encourage public-private information sharing on emerging cyber threats.

» More information at Congress.gov


Rest of the Week´s News

MySpace, Tumblr, and Fling, the Latest Services Compromised

Less than two weeks after more than 177 million LinkedIn user and passwords were leaked, security researchers have discovered three new major breaches on sale in a deep web market involving MySpace, Tumblr, and dating website Fling. The total number of compromised accounts raises to more than 642 million.

» More information at Ars Technica UK

1.5 Billion Windows Computers Potentially Affected by Unpatched 0-day Exploit

Information security at Trustwave have found a 0-day exploit affecting all versions of Microsoft’s OS Windows, since Windows 2000 up to a fully patched version of modern Windows 10 including all server editions. It estimates that this affects 1.5 billion computers around the world.

» More information at SC Magazine UK

Bangladesh SWIFT Heist: 12 More Banks Being Investigated

The investigation into the attempted £700 million electronic heist at the Bangladesh central bank has expanded to as many as 12 more banks that use the SWIFT payment network. Security firm FireEye, investigating the hack, has been contacted by numerous other banks, including some in New Zealand and the Philippines.

» More information at Ars Technica UK


Further Reading

Iran Orders Messaging Apps to Store Data of In-country users

» More information at Computerworld

Jail Time for Bitcoin Botnet Thief

» More information at The United States Department of Justice

FACC, Hit by Breach, Fires CEO

» More information at Reuters


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