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The U.S. National Security Agency (NSA) may be hiding highly-sophisticated hacking payloads in the firmware of consumer hard drives over the last 15 to 20 years in a campaign, giving the agency the means to eavesdrop on thousands of targets' computers, according to an analysis by Kaspersky labs and subsequent reports. 'EQUATION GROUP' BEHIND THE MALWARE The team of malicious actors is dubbed the the " Equation Group " by researchers from Moscow-based Kaspersky Lab, and describes them as " probably one of the most sophisticated cyber attack groups in the world," and "the most advanced threat actor we have seen. " The security researchers have documented 500 infections by Equation Group and believes that the actual number of victims likely reaches into the tens of thousands because of a self-destruct mechanism built into the malware. TOP MANUFACTURERS' HARD DRIVES ARE INFECTED Russian security experts reportedly uncovered sta...

If you are a traveler and loves to travel then you must be annoyed of those calls you sometimes get from your bank when buying things far from home, and the most annoyed part is when the company won't approve the transaction as it fears your card was stolen. VISA MOBILE LOCATION CONFIRMATION APP The payment processing and credit card giant Visa has came forward to put an end to this problem by letting cardholders the chance to buy things wherever they are. The company plans to release a new location-based feature that will help cardholders to update their location via smartphone. Starting in April, the banks will include the software application, dubbed Visa Mobile Location Confirmation , in their smartphone apps. The app will use cardholders smartphone's ability to locate itself and verify that they're near where the card is being used. IN WAKE OF INCREASING CREDIT CARD FRAUD The idea behind this new move is to reduce the rising incidents of credit card fraud and fraud...

The most popular Chinese Bitcoin exchange BTER announced that it has been hacked on Valentine's Day and lost more than £1.1 Million-worth ($1.75 Million; one BTC is about $270) of the digital currency. The Bitcoin Exchange hasn't revealed more details about suspects behind the breach or how the cold wallets were compromised, except that 7,170 Bitcoin cryptocurrency was stolen from the company's " cold wallets ," a way of storing the digital currency offline. " All wallets have been shut down and withdrawals of unaffected coins will be arranged later, " the official website of BTER Bitcoin exchange states. Internet sleuths are already on the hunt to trace the missing Bitcoin. Because of the way the digital currency works, it is possible to trace any transaction or funds easily by using public available service, called " blockchain ." According to the announcement, the stolen Bitcoin cryptocurrencies were broadcast through the trans...

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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...

Despite increased online and mobile banking security, banks are more often being targeted by hackers. A hacker group has infiltrated a number of banks and financial institutions in several countries, stealing hundreds of Millions of dollars in possibly the biggest bank heist the world has ever seen. According to a report published by the New York Times on Saturday, hackers have stolen as much as $1 Billion from more than 100 banks and other financial companies in almost 30 nations, making it " the most sophisticated attack the world has seen to date. " In late 2013 , banks in Russia, Japan, Europe, the United States and other countries fell victim to a massive, sophisticated malware hack that allowed the hackers to spy on bank officials in order to mimic their behavior, according to an upcoming report by Kaspersky Labs received by the NY Times. CARBANAK BANKING MALWARE IN THE WILD In order to infect bank staffs, the hacker group sent malicious emails to hun...

We all have Internet-connected smartphones in our pockets, but it's very hard to find a place on Internet to feel secure and private. No doubt, there is data Encryption on cell phones, but what's the use if it is cracked by hackers or law enforcement? What if the encrypted files don't exist in the first place for law enforcement to decrypt it? That's the motive behind DroidStealth , a new Android encryption tool that not only protects sensitive data with obfuscation, but ​also hides its existence on your phone as if it has nothing to hide. DroidStealth Android app has been developed by security researchers from Delft University of Technology in the Netherlands and would come as a windfall to both the privacy lovers and the cyber criminals. STEALTH LOGIN MECHANISM DroidStealth Android encryption tool creates a hidden folder in your phone in which it stores your all encrypted files. The app itself can be opened by simply dialing a phone number of any length which...