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The Existing Infrastructure used by Financial institutions like Banks is Archaic, Slow, and Costly, with hardly any innovation in the past three decades. Nine of the World's renowned Banks, including JPMorgan , Royal Bank of Scotland , Goldman Sachs and Barclays , are collaborating with New York-based financial tech firm R3 to create a new framework based on Bitcoin's Blockchain. Yes, they are back in the game yet again, but this time officially! Blockchain — the public and decentralized ledger technology that underpins all Bitcoin transactions has been now recognized as " the future for financial services infrastructure ". The blockchain technology is a way of keeping records by listing the owner's name with all the previous and present transaction the client was involved. It is a public ledger where a list of all the transactions ever executed is maintained. The Banks are planning to develop and implement Blockchain-like Technology where distributed/shared ...

Mandiant , a FireEye sister concern has been involved in researches related to cyber defense. In their recent findings, a backdoor malware named SYNful Knock identified as the one compromising the principles of Cisco routers with features such as... ...Having an everlasting effect, i.e. Serious Persistence. What?- The malicious program is implanted in the router illicitly through the device's firmware (regardless of the vendor). The goal is achieved by modifying the router's firmware image, which exists even after the device gets a reboot. How?- installing SYNful Knock in Cisco 1841 router, Cisco 2811 router, and Cisco 3825 router. Affected areas- 14 instances in 4 countries including India, Mexico, Ukraine, and the Philippines. Impact- the backdoor is backed up with such abilities that can compromise the availability of other hosts and access to sensitive data in an organization. " The theoretical nature of router-focused attacks created a minds...

Recently, Microsoft issued an Emergency patch for a zero-day vulnerability in Internet Explorer that is being exploited to deploy Korplug malware on vulnerable PCs. Korplug , a known variant of PlugX , is a Trojan that creates a backdoor used for information stealing on infected computers. In one of the most publicized cases, an evangelical church in Hong Kong was compromised to deliver the malware. Attackers were able to breach the church's website and inject a malicious iFrame overlay designed to look like the site itself. The iFrame was then used to redirect visitors to a site hosting the IE exploit . Once users land on the website, they are served a java.html which installs Korplug on their computers. To defend against Korplug, system administrators, and security engineers should educate users of corporate assets about these types of hacking techniques. In many cases, organizations are breached because of the lack of internal education around how to ident...

With the launch of iOS 9, Apple gave us an ultimate reason to upgrade our Apple devices to its new operating system. The latest iOS 9 includes a security update for a nasty bug that could be exploited to take full control of your iPhone or Macs, forcing most of the Apple users to download the latest update. Australian security researcher Mark Dowd has disclosed a serious vulnerability in AirDrop , Apple's over-the-air file sharing service built into iOS and Mac OS X. How the Attack Works? The vulnerability allows anyone within the range of an AirDrop user to silently install a malicious app on a target Apple device by sending an AirDrop file which involves rebooting of the target device. An attacker can exploit this critical bug even if the victim rejects the incoming file sent over AirDrop. After rebooting takes place, the malicious app gains access to Springboard, Apple's software to manage iOS home screen, allowing the app to fool the victim's iP...

The Secret Messages are often designed to be destroyed without a trace. In Spy thriller movie " Mission Impossible ", every time Tom Cruise receives a secret message, the last words state - " This Tape message will self-destruct in 5 seconds "...and BOOM ! There's a sudden explosion, and smoke comes out of the device; containing sensitive information few seconds ago. This Self-destructing thing has become a reality now. Palo Alto Research Center Incorporated (PARC) a Xerox company, involved in R&D in IT and hardware has under Defense Advanced Research Projects Agency's (DARPA'S) Vanishing Programmable Resources (VAPR) achieved success in developing Self-Destructing computer chips capable of destruction in 10 seconds. The phenomenon is quite familiar….isn't it? Now, with DARPA's initiative this is soon going to become a reality intended mainly for the military personnel. With the idea of- "Protection of data that once existed." PARC showcased thi...