With at least 20 billion new consumer devices set to be internet-connected by 2020, initiatives in the U.K. and California are trying to ensure that as many IoT devices as possible will be out-of-the-box secure, for starters by not shipping with default passwords.
The government of India is taking several steps to help boost local security companies. But it needs to do far more. Such action would help reduce vulnerabilities to attacks while creating jobs.
Memo to hackers: Boasting about your exploits on social media channels is a good way to get caught. Indeed, Italian police say they busted a suspected hacker after he bragged not only about defacing the NASA home page but also about being part of a group calling itself "Master Italian Hackers Team."
India's Ministry of Electronics and IT has asked Facebook for an update on the number of Indian users impacted by its recent data breach, which affected 50 million users worldwide. But it's not yet clear what steps the government can take to make sure the social media platform is secure.
Warning: Attackers behind the recently revealed Facebook mega-breach may still be able to access victims' accounts at some third-party web services and mobile apps, and Facebook has offered no timeline for when a full lockdown might occur - although there are no signs of third-party account takeovers.
While Facebook has invalidated 90 million users' single sign-on access tokens following a mega-breach, researchers warn that most access token hijacking victims still lack any reliable "single sign-off" capabilities that will revoke attackers' access to hyper-connected web services and mobile apps.
Facebook says that whoever hacked 50 million user accounts, putting the privacy of those users' personal data at risk, did so by abusing its "View As" privacy feature. Facebook says the attack successfully targeted three separate bugs in its video-uploading functionality.
Massive, well-resourced companies are still using live customer data - including their plaintext passwords - in testing environments, violating not just good development practices but also privacy laws. That's yet another security failure takeaway from last year's massive Equifax breach.
CISOs must make sure the board of directors is well-informed about security issues before they make decisions on setting priorities, says Stephen Katz, the world's first CISO.
The Forum of Incident Response and Security Teams recently announced the release of new training resources to help organizations build and improve product security incident response teams. Damir "Gaus" Rajnovic of FIRST discusses the global need for these resources.
What advice does the world's first CISO have for the current generation of CISOs? Stephen Katz emphasizes, first and foremost, that cybersecurity must be treated as a business risk management issue rather than a technology issue. He'll be a featured speaker at ISMG's Security Summit in New York Aug. 14-15.
This edition of the ISMG Security Report features Elvis Chan, a supervisory special agent at the FBI, discussing ongoing efforts to thwart Russian interference in the U.S. midterm election this fall, and Alberto Yepez of ForgePoint Capital addressing cryptocurrency security issues.
The Reserve Bank of India issued a notice to all cooperative banks advising them to apply caution while deploying third-party core banking applications and check for appropriate security standards. The move came after credential theft incidents at some banks. But will banks heed the advice?
The government of India's plan to build a cyber-resilient IT infrastructure to improve cybersecurity and mitigate threats from state-sponsored attacks will succeed only if many hurdles are overcome.
Every application should be protected the same way no matter where it resides, rather than focusing on a "perimeter" approach, says Doug Copley of Duo Security, who describes a "zero trust" approach.
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