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New IoT Bill Proposes Security Standards for Smart Devices

New IoT Bill Proposes Security Standards for Smart Devices

Aug 02, 2017
By this time, almost every one of you owns at least one internet-connected device—better known as the " Internet of things "—at your home, but how secure is your device? We have recently seen Car hacking that could risk anyone's life, Hoverboard hacking, even hacking of a so-called smart Gun and also the widespread hacks of insecure CCTV cameras, routers and other internet-connected home appliances. But this did not stop vendors from selling unsecured Internet-connected smart devices, and customers are buying them without giving a sh*t about the security of their smart devices. However, the massive cyber attack on a popular DNS service provider that shut down a large portion of the Internet last year made us all fear about the innocent-looking IoT devices, which surround us every day, but actually, poses a threat to global cyber security. Not anymore! A bipartisan group of senators have now introduced a new bill aimed at securing internet-connected devices b
NCIIPC: It's Time to Step Forward And Protect Our Critical Infrastructures from Cyber Attacks

NCIIPC: It's Time to Step Forward And Protect Our Critical Infrastructures from Cyber Attacks

Jan 27, 2017
The IT threat landscape has changed dramatically over the last three-four years. With no shortage of threat actors, from hacktivists to nation-states, criminals to terrorists, all of them are now after something new. It's no more just about stealing your money, credit cards and defacing websites, as now they are after the intellectual property, mass attacks and most importantly, our critical infrastructures. We have long-discussed nightmare scenarios of cyber attacks against nation's critical infrastructure, but now these scenarios have come to the real world, and we have seen many such incidents in the past years. The latest example is cyber attacks against Ukrainian power grid . Just two weeks back, Ukraine's national power company Ukrenergo confirmed that electricity outage on 17-18th December last year was caused by a cyber attack. Such sophisticated cyber attacks have revealed the extent of vulnerabilities in the systems that are operating the most critic
Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Feb 14, 2024Financial Security / Cyber Threats
The landscape of cybersecurity in financial services is undergoing a rapid transformation. Cybercriminals are exploiting advanced technologies and methodologies, making traditional security measures obsolete. The challenges are compounded for community banks that must safeguard sensitive financial data against the same level of sophisticated threats as larger institutions, but often with more limited resources. The FinServ Threat Landscape Recent trends show an alarming increase in sophisticated cyber-attacks. Cybercriminals now deploy advanced techniques like deep fake technology and AI-powered attacks, making it increasingly difficult for banks to differentiate between legitimate and malicious activities. These developments necessitate a shift towards more sophisticated and adaptive cybersecurity measures. Take these industry statistics, for example. Financial firms report 703 cyberattack attempts per week.1 On average, 270 attacks (entailing unauthorized access of data, appl
They Named it — Einstein, But $6 Billion Firewall Fails to Detect 94% of Latest Threats

They Named it — Einstein, But $6 Billion Firewall Fails to Detect 94% of Latest Threats

Feb 02, 2016
The US government's $6 Billion firewall is nothing but a big blunder. Dubbed EINSTEIN , the nationwide firewall run by the US Department of Homeland Security (DHS) is not as smart as its name suggests. An audit conducted by the United States Government Accountability Office (GAO) has claimed that the firewall used by US government agencies is failing to fully meet its objectives and leaving the agencies open to zero-day attacks. EINSTEIN, which is officially known as the US' National Cybersecurity Protection System (NCPS) and has cost $5.7 Billion to develop, detects only 6 percent of today's most common security vulnerabilities and failed to detect the rest 94 percent. How bad is EINSTEIN Firewall in reality? In a series of tests conducted last year, Einstein only detected 29 out of 489 vulnerabilities across Flash, Office, Java, IE and Acrobat disclosed via CVE reports published in 2014, according to a report [ PDF ] released by the GAO late las
cyber security

The Critical State of AI in the Cloud

websiteWiz.ioArtificial Intelligence / Cloud Security
Wiz Research reveals the explosive growth of AI adoption and what 150,000+ cloud accounts revealed about the AI surge.
Obama's Executive Order urges Companies to Share CyberSecurity Threat Data

Obama's Executive Order urges Companies to Share CyberSecurity Threat Data

Feb 16, 2015
President Barack Obama signed an executive order on Friday that encourages and promotes sharing of information on cybersecurity threats within the private sector and between the private sector companies and the government agencies as well. AREAS TO IMPROVE During his speech at the White House Cybersecurity Summit at Stanford University in California, where many tech leaders and other government officials also assembled, the President highlighted events affecting cybersecurity and the development of the Internet. The four areas that Obama believes must be improved are listed below: Development and evolution of the Internet Cybersecurity Rights of individuals in regards to the Internet Cooperation between the Government and private companies EVERYONE IS VULNERABLE - OBAMA " The cyber world is sort of the Wild Wild West and to some degree we are asked to be the sheriff ," Mr. President told a crowd at the Memorial Auditorium. " When something lik
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