Cyber Security

There is a Good Chance That Your Bank Hit By Cyber Attackers {3}

by Tseng H. K.
The article I read this week is “Major Banks hit with biggest cyber attack in history” by David Goldman. The author is saying that major banks such as Bank of America, Wells Fargo, JPMorgan Chase, U.S. Bank and PNC bank had experienced biggest cyber attack ever in the history over weeks since September 19, 2012. The volume of the attack was 10 to 20 time larger than normal attacks, and 2 times larger than previous record. These banks all suffered day-long unusual volume of traffic that cyber attackers created. The unusual traffics caused slowdowns, and some bank’s website was temporally unreachable to many customers. Fortunately, there was not actual hacking involved. None of personal data or transactional data was stolen. The attackers were simply tried to knocking down the bank’s public facing website this time. read more...

How Cyber Criminals Make Money And What Tricks They Use To Get Info! {2}

by Jamal A
The article I read talks about how cyber criminals make profit and how they hack into computer systems. We hear pretty much every week that there is a big security breach where tons of personal information is stolen.  We have been hearing that for years, but what we don’t know is that, behind these attacks there are some really high organized criminal enterprises.  Personal information is the currency for the cyber criminals. It’s literally what cybercriminals trade in. Hackers who obtain this data can sell it to a variety of buyers, including identity thieves, organized crime rings, spammers and botnet operators, who use the data to make even more money.  In reality, some attacks are targeted towards a particular businesses or organization for the purpose of stealing some sensitive information or large amount of money. But most victims are chosen randomly. Smaller businesses, for instance, might not feel the need to spend time and money fully securing their network since they’re small and not vulnerable because they think who would want to target us. read more...

House Committee meeting on Cloud Computing at Capitol Hill {3}

by Chris S
Summary

This last Thursday, political officials and industry experts met in Washington, D.C. to discuss topics related to cloud computing and potential risks that the new technology could introduce. Cloud Computing is where data is stored on a server that can then be access via a network such as the internet. Therefore, you can be anywhere in the world and as long as you have an active internet connection, you will be able to access your data. The technology is still considered to be in its infancy stages and like all new technologies, there are many defects that have yet to be exploited by attackers. What the big concern was homeland security and ensuring that government documents and information could be stored on a cloud computer and know that the data is secure. Many of those in favor of this change, argue that the data will be on a secure server and that cloud computing can cut costs in time. read more...