Hackers warm up to carmakers at the DEFCON cyber security conference at Las Vegas

With vehicles getting increasingly digital, carmakers are warming to White Hat cyber security professionals who scour for vulnerabilities in transportation systems before Black Hat hackers exploit them for commercial or other gains. In a significant development, carmakers are boost efforts to discover lurking vulnerabilities in their increasingly digital car offerings from helpful and friendly hackers.…

Apple offers up to $1 million for remote access exploit for iPhones and cloud-based backups

Apple launched the challenge at the annual Black Hat security conference in Las Vegas. In order to remove exploitable vulnerabilities from its mobile operating system, Apple Inc has announced a bounty of up to $1 million to cyber security researchers who detect flaws in iPhones. This is the largest ever reward Apple has offered to…

Britain’s foreign minister Jeremy Hunt to unveil “doctrine of deterrence”

Western democracies are aiming to take action against groups and states aiming to influence elections through voter manipulation and disinformation campaigns. On Thursday, British foreign minister Jeremy Hunt unveiled a “doctrine of deterrence”, which includes diplomatic and economic counter-measures, to prevent cyberattacks that threaten to turn elections into “tainted exercises”. The move, part of a…

Security researchers find more vulnerabilities in Intel’s, AMD’s and ARM Holdings’ chips

Known as Speculative Store Bypass or “Variant 4”, these new vulnerabilities have a low risk profile assigned to them partly due to the patches that were released earlier this month for the Spectre and Meltdown vulnerabilities. Security researchers from Alphabet’s Google and from Microsoft Corp have unearthed new security vulnerabilities that impact a broad range…

Digital currencies are not yet ripe for consumer adoption: Federal Reserve Governor Lael Brainard

Listing out the serious challenges posed by digital currencies, Federal Reserve Governor Lael Brainard opined blochain technology, the underlying technology that powers them, could be harnessed for facilitating and easing bank-to-bank transactions, as well as for payments in financial markets. In what is likely to be one of the Federal Reserve’s most detailed critiques of…

U.S. SEC updates guidance on cyber risks and breaches

This updated guidance addresses concerns on how and when public companies should disclose their cyber security risks and breaches. In a development that will significant impact tech firms, the U.S. Securities and Exchange Commission has updated its guidance to public companies on how and when they should disclose cyber security risks and breaches, including known…