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UK #businesses face #growing #threat from #cyber-attacks

Criminal cyber-attacks on UK businesses increased last year, according to the annual report of the National Cyber Security Centre.

Firms face a growing threat from ransomware, data breaches and weaknesses in the supply chain, according to the report, published on Tuesday. Emerging threats include theft from cloud storage, which the NCSC argues too many businesses put their faith in.

“Criminals are launching more online attacks on UK businesses than ever before,” a summary accompanying the report said.

The NCSC, in effect the shop window for the government surveillance agency GCHQ, was set up in late 2016 amid alarm over potential attacks on UK institutions, infrastructure and businesses.

The report, Cyber Threat to UK Business Industry 2017-2018, is published to coincide with the opening of a organised by the NCSC, which is expected to attracted 1,800 cybersecurity experts from law enforcement, government and the private sector.

Ciaran Martin, head of the NCSC, said: “The last year has seen no deceleration in the tempo and volume of cyber incidents, as attackers devise new ways to harm businesses and citizens around the globe.

“The NCSC’s aim is to make the UK an unattractive target to cyber criminals and certain nation states by increasing their risk and reducing their return on investment.”

The report was written in collaboration with the National Crime Agency. Donald Toon, director of economic and cybercrime at the NCA, said: “UK business faces a cyber threat which is growing in scale and complexity. Organisations which don’t take cybersecurity extremely seriously in the next year are risking serious financial and reputational consequences.”

Under-reporting of cybercrime by businesses means crucial evidence and intelligence about threats and offenders can be lost. Toon called for full and early reporting of cybercrime.

by the NCSC show 34 significant cyber-attacks took place between October 2016, when the agency was launched, and the end of 2017. A further 762 attacks were less serious. “2018 will bring more of these attacks,” the report said.

It does not break down the figures to distinguish which attacks were purely criminal and which were state-sponsored. The report said that the distinction can be blurred, making attribution difficult.

Among the surveys cited was one by , which recorded a 91% increase in ransom attempts between the first and third quarters of last year.

Vulnerabilities highlighted in the NCSC report included the spread of the , which includes the interconnection of household appliances and other devices. “The internet of things and its associated threats will continue to grow and the race between hackers’ and defenders’ capabilities will increase in pace and intensity,” the report said.

“Many internet-connected devices sold to consumers lack basic cybersecurity provisions. With so many devices unsecured, vulnerabilities will continue to be exploited.”

The NCSC has also issued a warning over cloud security: “As more organisations decide to move data to the cloud (including confidential or sensitive information), it will become a tempting target for a range of cyber criminals.

“They will take advantage of the fact that many businesses put too much faith in the cloud providers and don’t stipulate how and where their data is stored. This could lead to high profile breaches involving UK citizen information.”

The report warns that no matter how good a company’s cybersecurity, it is at risk if this is not matched by the management of service providers and software, which can offer a potential stepping stone into the networks of thousands of clients.

“It is clear that even if an organisation has excellent cybersecurity, there can be no guarantee that the same standards are applied by contractors and third-party suppliers in the supply chain,” the report said. “Attackers will target the most vulnerable part of a supply chain to reach their intended victim.”

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The post UK #businesses face #growing #threat from #cyber-attacks appeared first on National Cyber Security Ventures.

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Face #ID shown #unlocking for #family #members who aren’t #alike

Source: National Cyber Security – Produced By Gregory Evans

Apple’s Face ID is the safest facial recognition system ever made for smartphones. Unlike its Android alternatives, it can’t be hacked with photos, and it can be used to authenticate mobile payments. It’s a lot more secure than Touch ID, and it’ll likely equip more Apple devices in the future. Even Android device makers are expected to copy Face ID this year.

But Face ID isn’t hackproof. It’s been proven already that young children can hack into their parents’ iPhone X units. Twins and triplets can also unlock the phones belonging to their siblings, especially at young age, and it’s pretty obvious why that happens.

A brand new video shows the same kind of Face ID hack between two family members who aren’t alike.

Posted on YouTube, a short video clip shows a daughter and mother unlocking the same iPhone using Face ID. The daughter isn’t that young, and she’s not so similar to her mother.

The Face ID hack is successful time and again, which is impressive. Somehow, the device thinks the same person is facing the phone, and it’s unlocking the device accordingly.

It’s unclear at this time whether the iPhone was trained to recognize both family members. The way Face ID works is that it keeps taking images of the user whenever the phone is unlocked, to continuously update the mathematical expression assigned to one’s face. By inputting the password after a failed Face ID unlock, you practically instruct the phone to include the most recent scan in its library, especially if it somewhat matches your face. Is this a real hack? Or is it a sort of error where Face ID was simply trained to recognize both faces, and made up some sort of weird mix between the two? After all, the two women are still mother and daughter, so it’s likely Face ID can find more than a few similarities between them.

Here’s a reminder of how Face ID works:

To improve unlock performance and keep pace with the natural changes of your face and look, Face ID augments its stored mathematical representation over time. Upon successful unlock, Face ID may use the newly calculated mathematical representation—if its quality is sufficient—for a finite number of additional unlocks before that data is discarded. Conversely, if Face ID fails to recognize you, but the match quality is higher than a certain threshold and you immediately follow the failure by entering your passcode, Face ID takes another capture and augments its enrolled Face ID data with the newly calculated mathematical representation. This new Face ID data is discarded after a finite number of unlocks and if you stop matching against it. These augmentation processes allow Face ID to keep up with dramatic changes in your facial hair or makeup use, while minimizing false acceptance.

Whatever is allowing this hack to work, Apple should definitely find a way to fix it.

The post Face #ID shown #unlocking for #family #members who aren’t #alike appeared first on National Cyber Security Ventures.

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Singapore #banks to face new #cybersecurity #regulations

Source: National Cyber Security – Produced By Gregory Evans

Singapore #banks to face new #cybersecurity #regulations

Ravi Menon, managing director of the city state’s central bank, the Monetary Authority of Singapore (MAS), reportedly told The Business Times that MAS will look to introduce new cyber rules in a bid to encourage greater adoption of online and digital banking.

According to The Business Times report, Menon said: “The use of technology is not going to take off if we have not successfully addressed the cybersecurity problem, and assured ourselves and Singaporeans that cyber risks are reasonably well mitigated. MAS has been raising the level of expected standards for cyber risk-management. We want to do some things through regulation, in terms of setting requirements for cyber.”

“Cyber risk is the least known risk of all the major risks facing banks. The models to track, manage and mitigate these risks are not as well developed as the models for the more traditional areas,” he said.

According to the report, there are more than 400 financial technology (fintech) companies now operating in Singapore, while 20 global banks and insurers have also established innovation labs within the country.

In June 2016, MAS announced plans to create a regulatory sandbox to support innovation in fintech. Under the scheme, financial services firms, technology companies and other “non-financial players” in Singapore have the chance to test new fintech products and services in an environment where some regulatory requirements are relaxed. The scheme is similar to others established by financial regulators around the world, including in the UK where the Financial Conduct Authority (FCA) pioneered the concept.

In March this year, MAS approved the first company to participate in its regulatory sandbox.

Menon said MAS has received more than 30 applications in total from businesses seeking to participate in sandbox testing, more than 80% of which have come from fintech startups, according to The Business Times report.

Menon admitted, however, that businesses have faced delays in winning approval from MAS for sandbox testing.

“One would have hoped we could have approved sandbox applications in weeks rather than months. But, we are learning ourselves – we’re in the sandbox, too,” Menon said, according to the report. “We are working out reduced requirements, looking at what are the requirements we can lift.”

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Will the iPhone X’s Face ID be hackable? Security expert weighs in

Will the iPhone X’s Face ID be hackable? Security expert weighs inSource: National Cyber Security – Produced By Gregory Evans The iPhone X’s facial recognition technologies have been called into question by a security consultant at global tech firm Synopsys, who claims that no facial recognition technology is ever unbeatable. Nikola Cucakovic posted a blog titled ‘How secure is iPhone X Face ID facial recognition’, which […] View full post on AmIHackerProof.com | Can You Be Hacked?

Apple’s New iPhone X Could Help Identity Thieves Steal Your Face

Source: National Cyber Security – Produced By Gregory Evans

Apple has announced that it plans to replace previous iPhone login credentials with facial recognition technology to log into the iPhone and to access Apple Pay. This should prompt some privacy and security concerns, but probably not the ones you’re thinking. It’s not the TSA or the Deep State who…

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Fiat Must Face Some Claims In Drivers’ Hacking Risk Suit

Source: National Cyber Security – Produced By Gregory Evans

An Illinois federal judge on Monday refused to entirely dismiss a putative class action claiming some Fiat Chrysler Jeeps are susceptible to hacking, saying that the plaintiffs can continue to claim they overpaid for the vehicles. District Court Judge Michael Reagan dismissed remaining claims that possible future car hacking could…

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Companies with poor cyber security could face fines

Source: National Cyber Security – Produced By Gregory Evans

ORGANISATIONS WHO fail to implement effective cyber security measures could be fined as much as £17 million or 4 per cent of global turnover, as part of plans to make Britain’s essential networks and infrastructure safe, secure and resilient against the risk of future cyber attacks. The plans are being…

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New website set to change the face of online dating

To Purchase This Product/Services, Go To The Store Link Above Or Go To http://www.become007.com/store/ A new free website which boasts the most innovative technology ever devised to help people meet their perfect partner looks set to change the world of online dating forever. Faces.com, developed …

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Man to face court over child pornography

A 33-year-old Sydney man will face court over an alleged child sex exploitation and computer related offences.

Police say the man entered into a series of explicit convesions with a person he believed to be the father of an 11 year old girl.

He then allegedly set up a meeting near Parramatta where detectives from Strike Force Trawler moved in.

He’s been charged with child exploitation and the transmissionof child pornography.

Detectives have also searched a home at Dee Why on Sydney’s Northern Beaches where they seized computes, electronic storage devices and mobile phones.

Source:http://www.skynews.com.au/news/national/nsw/2017/04/21/man-to-face-court-over-child-pornography.html

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