Cyber Security News Round Up – 18/08/17

In a review of the past week, we look at interesting news revolving our exciting and sometimes terrifying cyber security industry.

Businesses such as Microsoft pay thousands for discovering vulnerabilities, the Scottish parliament falls victim to a cyber attack, leaked NSA exploits that target the SMB protocol cause havoc and Maersk is set to lose millions after an attack on its shipping operations.

Take a read of some of the week’s most interesting industry stories below:

 

 

Malware authors have been granted a lot of power through the leaking of SMB exploits stolen from the NSA by the Shadow Brokers. These tools have been used in attacks such as WannaCry, Petya, and many others.

 

 

A vulnerability with the program is allowing cyber attackers to bypass a computer’s antivirus, systems updated with a patch released in April are safe from the attack.

 

 

Additional security measures have been taken, such as forcing users to change weak passwords. Holyrood’s IT systems remain operational as the attack was detected at an early stage.

 

 

Users of popular messaging apps are vulnerable targets for fraud or hacking, even with the use of end-to-end encryption. Security methods such as ‘authentication ceremony’ can assist in authenticating the people you share sensitive information with.

 

 

After shutting down infected networks as a precaution to stem the spread of the Petya ransomware, Maersk predicts that lost revenue due to the shutdown of its shipping business could range between $200-300 million.

 

 

A law firm warns of the growing risk of attack against retail companies. As more and more personal data is stored by retail companies, the lucrativeness of all that data increases the attractiveness to hackers.

 

 

Fewer than 2 in 5 people could tell whether a bank email was genuine; with 25% of people admitting to being scammed online.

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