Ukraine States Cyber-Attack Under Control

The highly infectious malware that hit computers around the world last Tuesday may have originated in Ukraine’s computer networks. The attack which impaired multiple branches of the government and significant targets in the private sector, happened on the eve of Constitution Day, a holiday. Chief executive of Infosafe IT in Kiev, Vicyor Zhora said that the virus has begun to spread around Europe, and that it is possible that effects and repercussions could reach a global scale. Among the affected in Ukraine include government offices, energy companies, post office, banks, cash, machines, supermarkets, and even the country’s largest airport. The […]

Kremlin Calls for Global Action Against Cybercrime

Kremlin spokesman Dmitri Peskov said on Wednesday that the recent cyber-attacks, such as the one that targeted Russia this Tuesday highlighted the need for rigorous international action in the fight against cyber-crime. Peskov added that the attack last Tuesday did not cause any serious problems at a state or corporate level but Kremlin had no data on the cyber-attack’s origin. Source: Reuters

UK Arrests Microsoft Scam Callers

An investigation in the UK led to the arrest of four people involved in fraudulent callers posing as IT support from Microsoft. The inquiry found that while most of the calls were from India, two men and two women from England have been arrested on suspicion of fraud. According to Action Fraud, UK’s national fraud and cyber-reporting centre, there were 34,504 reports on computer software service fraud made in the past financial year. Action Fraud revealed that 62 is the average age of victims who pay an average of £600. Source: BBC

US, Israel Team Up Against Cybersecurity Threat

Thomas Bossert, assistant to US President Donald Trump for Homeland Security and Counter-terrorism announced a bilateral cyber working group between US and Israel at the Cyber Week 2017 conference held in Tel Aviv. The group will be led by US White House cybersecurity coordinator Rob Joyce and Eviatar Matania, Israel’s director general of the National Cyber Directorate, with the aim to protect critical infrastructure against attacks while tracking down perpetrators. Bossert mentioned that the cybersphere has been one of the biggest strategic challenges after 9/11 since cyberspace knows no boundaries, and that there needs to be an international consensus regarding […]

Eye-tracking Company SMI acquired by Apple

Apple acquires German company SensoMotoric Instruments (SMI) reports MacRumors. The eye-tracking firm is a significant contributor to the eye-tracking industry, producing hardware for consumer-centric applications such as virtual reality eye-tracking and proprietary eyeglass research. The company also created an eye-tracking development kit made for the HTC Vive VR headset in the previous year. Apple has confirmed the purchase but did not give out any information on their specific plans to use the company’s technology. Source: Tech Crunch

Cisco, Apple to Widen Partnership to Improve Security

Cisco CEO Chuck Robbins’ keynote address in July 26 discussed the two companies’ plans to expand their partnership, specifically in the field of security to help reduce the rising cost of cyber-security insurance premiums. The IT giant also announced the Cisco Security Connector program for iOS devices which will allow enterprises a better view of corporate-owned iPhones and iPads to enhance protection against cyber-attacks while ensuring the devices meet compliance requirements. Source: EWeek

China Reveals Response Plan to National Cyber Threat

The Cyberspace Administration of China has created a nationwide response plan against internal and external cyber-attacks. The plan includes provincial network upgrades and the creation of expert response teams for its centralized reporting system. It will have a four-tier color-coded warning that categorizes cyber-attacks according to severity: red, orange, yellow, or blue, with red as the highest level of alert. Any government department that fails to carry out the plan will also be criminally charged. The plan intends to protect Chinese cyberspace from sophisticated global threats. The country has seen a spike of cyber-attacks up to 950 percent between 2014 […]

Ransomware Attack Causes Global Disruption

Companies around the globe report that they have been hit by a cyber-attack that freezes the computer until a ransom in Bitcoin is paid. British ad agency WPP, Ukrainian state power company, and Kiev’s main airport were some of the more prominent targets. The Chernobyl nuclear power plant also had their Windows-based sensors incapacitated. Ransomware works by encrypting files in a network, making them inaccessible, then soliciting payment to decrypt infected computers. Russian Kaspersky Lab reports that they believe this is a new version of a malware that they have not seen before, dubbing the attack “NotPetya”, in reference to […]

EU Hits Google’s Shopping Service with Record Fine

The European Commission ruled against Google for abuse of influence. The tech giant was said to have “distorted the market” by promoting its own shopping comparison service to appear on top of search results. This amounted to a $2.7 billion fine, and if the company continues their anti-competitive prices within 3 months, they will have to pay a staggering $14 million a day. European Union’s Competition Commissioner Margrethe Vestager said in a statement that under the EU’s antitrust rules, what Google has done is illegal as it deprived EU consumers of the benefits of competition, genuine choice, and innovation. This […]

Israeli Tech Startups Look Outside of Israel for Recruits

Israel’s technology industry is the fastest growing part of the country’s economy, accounting to 14 percent of economic output and 50 percent of exports.  The technology comes at risk as the country is at a shortage of workers. Alexey Chaminov, founder of a local software design firm, Eastern Peak tells Reuters, “I worked for years in the Israeli market and I knew what the costs were in Israel and I knew there was a shortage of workers.” Source: SBS