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Microsoft Resolves Vulnerabilities, Patches Critical Windows Search Issue

Microsoft Resolves Vulnerabilities, Patches Critical Windows Search Issue

Last Tuesday, Microsoft ran its August Patch update and fixed over two dozen vulnerabilities, with 25 critical patches out of 48. One resolved critical flaw involved an RCE bug that enabled hackers to hijack a server using Windows Search. The RCE vulnerability allows an attacker to take advantage of the Windows Search flaw by sending a customized message to infiltrate the service. While in a business setting, an attacker could successfully activate the flaw remotely, using SMB connection. Though the flaw uses SMB connections, they clarified that it is not a vulnerability in the SMB. According to Qualy’s product management […]

Singapore CFTE and MAS To Boost ASEAN FinTech Skills for Finance Professionals

Singapore CFTE and MAS To Boost ASEAN FinTech Skills for Finance Professionals

Singapore — The Centre for Finance, Technology and Entrepreneurship (CFTE) is collaborating closely with the Monetary Authority of Singapore (MAS) to develop a financial technology (fintech) education hub for finance professionals. The CFTE was established in May to provide an education program for professionals in the ever-changing field of digital finance. Working with MAS also enables them to extend the platform to the Association of Southeast Asian Nations (ASEAN), where professionals can share more information and strategies. MAS chief fintech officer Sopnendu Mohanty stated that people are a vital resource for success in fintech. The initiative came following the increasing […]

U.K. Considers Fines for Nat’l. Infrastructures That Neglect Cybersecurity

U.K. Considers Fines for Nat’l. Infrastructures That Neglect Cybersecurity

Last Tuesday, news reported that the U.K. government is seriously examining plans to impose fines on national service providers that fail to implement effective cybersecurity measures. The move is intended for national infrastructures that provide services like energy, healthcare, water, electricity, and transportation. Its aims to provide legal regulations to help safeguard critical services from cyber attacks.   The government pursued the consultation following setbacks caused by the WannaCry ransomware outbreak on National Health Service operations. In line with this coming proposal, the government is reviewing the EU’s Network and Information Systems (NIS) Directive. Penalties could be up to £17 […]

Cisco Meraki Announced Loss of Customer Data, Clients to Reconfigure Accounts

Cisco Meraki Announced Loss of Customer Data, Clients to Reconfigure Accounts

News last week reported that Cisco lost customer data in its Meraki service, a cloud-based program designed to centrally manage network settings. Cisco owned up to the engineering mishap, stating engineers mistakenly uploaded an erroneous configuration file that dictated incorrect commands to its North American system. This resulted in files being deleted, removing all data uploaded before 11:20am PST in August 3. Some of the files that got deleted in the engineering snafu included telephony server details, summary reports, Wi-Fi floor plans, and general system configurations. To address the incident, Cisco’s engineers are now working to recover the lost data […]

Cryptocurrency Market Reaches Record High of $121 Billion, Bitcoin Shares Weaken

Cryptocurrency Market Reaches Record High of $121 Billion, Bitcoin Shares Weaken

A new all-time record has been hit by the entire cryptocurrency market, exceeding its $120 billion mark. Breaching the $120 billion limit happened within just two months, after the notable $100 billion crypto-cap was exceeded in June. Prior to the the crypto market’s increase, it experienced drops in July from $63 billion. It quickly recovered the $100 billion mark once again in August 1, during the Bitcoin Cash blockchain fork. According to sources, the combined market value of every listed digital currency is now $121.1 billion. Analysts have also tracked cryptocurrency exchanges of up to $4.3 billion within 24 hours […]

Google Fires Engineer Who Authored “Anti-Diversity” Memo  

Google Fires Engineer Who Authored “Anti-Diversity” Memo  

Google has discharged James Damore, the senior software engineer behind the anti-diversity manifesto that circulated among Google’s employees last Tuesday. Damore’s written document sparked outrage among employees earlier this week, particularly for justifying gender inequality in the tech industry. He claimed that women could not command many tech positions because they were biologically different from men. According to sources, Damore was fired by Google last Monday for spreading gender stereotypes. Google stated parts of the anti-diversity manifesto also violated their code of conduct. Currently, Damore said he is exploring all legal movements by filing a petition to the U.S. National […]

Mastercard and AFI Hosts Cybersecurity Seminar in Malaysia

Mastercard and AFI Hosts Cybersecurity Seminar in Malaysia

A large-scale cybersecurity training seminar was organized in Malaysia by Mastercard and the Alliance for Financial Inclusion (AFI) for 70 financial regulators across 35 countries. The event titled Cybersecurity Challenges and Resilience Management aimed to inform participants of best practices in preventing breaches, detecting threats, and responding to cyber attacks. The training also suggested policies that can reinforce protection for digital transactions. According to AFI executive directive Dr. Alfred Hannig, the seminar was developed under the guiding principles of the AFI Public-Private Dialogue (PPD) and the global platform.    Hannig stated that PPD partners’ need for comprehensive technical seminars ranked […]

Philippines Ranks 8th in 2016 Most Targeted Country for Mobile Malware

Philippines Ranks 8th in 2016 Most Targeted Country for Mobile Malware

News last Monday reported that the 8th most targeted country for mobile malware in 2016 is the Philippines, with 34.97% of Filipino smartphone users catching some form of malware infection. The figures were presented in the 2017 Cybersecurity Summit last August 3 by Vitaly Kalmuk, head of the Asia Pacific research team in the Asia Pacific. According to Kamluk, the Philippine’s rising rate of mobile malware outbreak is attributed to the wide-spread use of low-end Android units. Vendors of the said phones are slow in providing updates, and simply do not have enough resources to generate them. Stephan Neumeier, Kasperky […]

German Publications Makes Unified User Login, Challenges Google and Facebook

German Publications Makes Unified User Login, Challenges Google and Facebook

Two of Germany’s top publications, ProSiebenSat.1 Media SE and RTL Group, have partnered to oppose market dominance of Facebook, Google, and Amazon. They will work closely with United Internet to develop a unified user login service. The alliance aims to establish open standards which comply with the General Data Protection Regulation (GDPR), while extinguishing conflicts between partners. The move came about as the new data laws are seen to favor tech giants that have already obtained data tracking permission.   Moreover, a secondary media resource allows customers to use platforms other than Facebook or Google if they don’t want the […]

Senior Google Engineer’s Diversity Manifesto Sparks Anger

Senior Google Engineer’s Diversity Manifesto Sparks Anger

Reports last Sunday revealed that a manifesto authored by a senior Google engineer is being met with anger due to sexist pronouncements and opposition to workforce diversity. The 10-page internal document called Google’s Ideological Echo Chamber spoke against the tech company’s “left-leaning” bias. Reported by Motherboard, the author was unnamed by the publication. It came after issues that criticized tech industries for having low workforce inclusion and being controlled by white men. Google is also facing a lawsuit with the U.S. Department of Labor over accusations that they pay women a lot less than their male counterparts. The document argued […]