Munich Security Conference: Cybersecurity takes centre stage

Cyber dangers were at the forefront of policymakers' minds as they attended this year's Munich Security Conference.

News that broke on the eve of the conference, which wrapped up on Sunday, set the tone. US and British officials revealed Russia was behind the NotPetya ransomware attack, with the FBI later indicting 13 Russians and identifying three Russian companies accused of meddling in the 2016 US election.

Indian firms look for cyber security cover

 BENGALURU : With the rise in cybersecurity attacks in the last few years, companies from across sectors like manufacturing, auto, IT, BFSI and other government bodies are now pouring millions into buying cyber insurances. In India, however, only a handful of companies have started selling the product including Bajaj Allianz, Marsh among others. 

From Russia with love

However, moving on to places where some form of justice can be meted out, this week a Canadian hacker has plead guilty to a pretty creative cybercrime.

Karim Baratov, who apparently goes by two other names - Karim Akehmet Togbergenov and Karim Taloverov, is one of the 4 hackers that were charged with massive Yahoo data breach back in 2014. Actually, it was 2 hackers - Alexsey Belan and Karim Baratov, and two Russian intelligence officers from Russia’s Federal Security Service (FSB) - Dmitriy Dokuchaev and Igor Sushichin.

Upcoming : A Cyber War

Not only can hackers steal all your banking info as you type in your password but they can also hack into your email and social media accounts.

Security researchers found a new and improved form of the famous Zeus banking Trojan that is a real Zeus 2.0. Under its alter ego -Terdot, which was first discovered in 2016 and tailor- made to steal banking information.

Researchers at Bitdefender discovered that the Trojan was revamped with new espionage functionality that allows it to create fake SSL certificates and gain access to your cyber social and personal data.

I Spy State - Sponsored Malware.

Well, either that or international spies are getting worse at covering their tracks.  Cyber espionage, emanating from Eastern Europe and South Asia are providing fresh headlines and giving us pause for thought. How deep into the IT Government rabbit hole have Cyber spies have actually been able to go?

Pretty far, ESET researchers recently uncovered Gazer, a malware operation targeting National bodies such as Ministries, embassies and consulates worldwide. They have identified at least four different variants mostly being deployed across Europe.

Wake up and Smell the GDPR: Prepping for May 25th 2018

The countdown to enforcement of the General Data Protection Regulation (G.D.P.R) has started and if businesses don't comply with upgrades to their data protection services, then the fines will start reigning in from next year.  

These directives individualize and unify digital European citizens under one overarching jurisdiction, the G.D.P.R, which is set to supersede 28 national legislative directives and replace the current 21-year-old EU Protection directive 95/46/EU.

Google, you ain't in Kansas anymore!

It's truly opened the market up for everyone in a fair way.

Yet, in another way, there is opportunity for conglomerates to dominate cyber space and Antitrust regulators needs to be on top of that. Search-giant, almighty Google, isn’t above the law either and was smacked with a hefty $2.7 billion fine for abuse of its overwhelming web power to dominate online shopping within European markets.

Are we in the middle of a cyber war?

Pyotor Levashov, who has possible connections with several international hacking syndicates, is not the first Russian hacker arrested in what is turning into "TrumpGate", however, his story only hit the headlines when his wife told reporters that he was connected to a collective of Russian hackers that took part in interfering with the US elections.

Strange when your own wife admits your potential involvement in a capital crime, isn't it?