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Wall #Street Teams Up to Help Save #Client Data in #Cyber Attack

On Wall Street, backing up data now comes with a code name.

Nearly three dozen banks are leading a group called Sheltered Harbor that’s designed to protect consumers’ access to their data in the event a financial institution is hacked. Banks, credit unions and brokerages representing 400 million accounts — or 70 percent of U.S. retail accounts and 60 percent of U.S. brokerage accounts — have signed up to be part of the effort, which went live earlier this year.

Sheltered Harbor requires members to encrypt their customer account data and store it in a vault that is both survivable and accessible in case of a cybersecurity incident, according to the group’s website. If a breach does occur, the affected bank must retrieve and transmit its data to another financial institution, which can load it onto its core platform. That way customers of the hacked bank can still access their account information.

“The focus is on really trying to protect the consumers’ access to their assets,” Steve Silberstein, chief executive officer of Sheltered Harbor, said in a telephone interview. “We have to continue to make the system safer, and it continues to require some amount of sharing and some amount of cooperation to do that.”

For large global banks, it costs $50,000 to participate in Sheltered Harbor, which helps the firms coordinate responses to a cyber attack. For everyone else, fees are based on the amount of assets each one has and can range from $250 to $25,000, according to the group’s website.

The group was formed in November 2016 and its recent progress was reported Sunday by The Wall Street Journal.

Hamilton Series

Sheltered Harbor is a subsidiary of the Financial Services Information Sharing and Analysis Center — or FS-ISAC. Phil Venables, chief operational risk officer at Goldman Sachs Group Inc., and James Rosenthal, former chief operating officer at Morgan Stanley, are co-chairs of the project, according to a press release from FS-ISAC.

The group was formed after banks participated in an exercise in 2015 that was run by FS-ISAC and the U.S. Treasury Department called the Hamilton Series. The exercise exposed how data breaches could hurt consumer confidence in the financial system, even if the incident occurred at a regional or community bank.

Sheltered Harbor does not hold any of the bank account data. Instead, it has created the standards for joining the group and monitors banks’ adherence to those standards, said Silberstein, who was previously the chief technology officer at Sungard Data Systems Inc.

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How #quantum #computing could create #unbreakable #encryption and save the #future of #cybersecurity

Source: National Cyber Security – Produced By Gregory Evans

A new breakthrough in quantum computing may mean quantum key distribution (QKD) is on its way toward being a practical cybersecurity protocol.

Researchers at Duke University, The Ohio State University, and Oak Ridge National Laboratory have announced in the latest issue of Science Advances that they’ve increased the speed of QKD transmission by between five and 10 times the current rates.

Up until this latest breakthrough, which is delivering megabit/second rates, speeds were restricted to between tens to hundreds of kilobits a second.

What is quantum key distribution?

It sounds like something straight out of science fiction, but quantum key distribution is reality, and it could be protecting your data before you know it.

QKD uses photons—particles of light—to encode data in qubits, or quantum bits. The qubits are transmitted to a sender and recipient as an encryption key, and here’s where things get crazy: The transmission channels don’t need to be secure.

QKD’s whole purpose rests on quantum indeterminacy, which states that measuring something affects its original state. In the case of QKD, measuring photonic qubits affects their encoding, which allows the sender and recipient to immediately know if a hacker is trying to crack their quantum encryption key.

That means, theoretically at least, that QKD would be a perfect encryption: Any attempts to crack it would immediately be noticed and keys could be changed.

Making QKD practical for cybersecurity

The breakthrough made by the Duke research team came from being able to pack more data onto a single photon. The trick was learning to adjust the time at which the photon was released, along with adjusting the phase of the photon, causing it to be able to hold two bits of information instead of just one.

What makes the new system developed by the researchers even more amazing is that they were able to do it with nothing but commercially available telecommunication hardware, save the single-photon detector.

“With some engineering,” said Duke graduate student Nurul Taimur Islam, “we could probably fit the entire transmitter and receiver in a box as big as a computer CPU.”

Islam and his research partners say that hardware imperfections render their QKD system less than hack-proof, but their research continues to incorporate hardware shortcomings to make up for them.

“We wanted to identify every experimental flaw in the system, and include these flaws in the theory so that we could ensure our system is secure and there is no potential side-channel attack,” Islam said.

While it’s likely to take some time to emerge from the research phase and become a practical tool, this latest QKD breakthrough gives cybersecurity a leg up on cybercriminals.

As quantum computing becomes accessible, the likelihood of it being used to obliterate current forms of encryption increases, making the development of practical QKD essential. This should come as good news to anyone concerned about the current, and future, state of cybersecurity.

The post How #quantum #computing could create #unbreakable #encryption and save the #future of #cybersecurity appeared first on National Cyber Security Ventures.

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Will A Digital Renaissance Man Save Cybersecurity?

more information on sonyhack from leading cyber security expertsSource: National Cyber Security – Produced By Gregory Evans Cyberattacks we’ve seen to date have been child’s play relative to what’s possible, according to a government expert. We could soon see how bad it can get — and our best defense may be highly capable cyber-warriors. “Sometime in the next few years, we’re going to […] View full post on AmIHackerProof.com | Can You Be Hacked?

Vigilante Hacker is Trying to Save Us From Ourselves

Source: National Cyber Security – Produced By Gregory Evans

Vigilante Hacker is Trying to Save Us From Ourselves

Surely we’re all aware that cyber attacks are getting worse and it’s because there’s been thousands of unsecure, internet-enabled devices hitting the market. These can range from light bulbs you can control with an app to classic printers, but many …

The post Vigilante Hacker is Trying to Save Us From Ourselves appeared first on National Cyber Security Ventures.

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200 Coders and Hackers United to Save NASA’s Climate Data From Deletion

200 Coders and Hackers United to Save NASA’s Climate Data From DeletionSource: National Cyber Security – Produced By Gregory Evans BAGGERS AND TAGGERS With pages of climate-related documents and other environmental issues quickly disappearing from government websites, hackers, students, and scientists have decided to take it upon themselves to salvage the information that still remains. Groups in more than 20 … The post 200 Coders and […]

The post 200 Coders and Hackers United to Save NASA’s Climate Data From Deletion appeared first on AmIHackerProof.com.

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Save Someone’s Life This Christmas

Be very careful this Christmas season! People that you know are going to be lonely. That makes them vulnerable to relationship attachments online. That makes them vulnerable to relationship scams. Scammers understand this and work extra hard during the holidays to exploit this. You probably know friends or family members who are alone and isolated. […] #dating #scams #datingscams #htcs View full post on Romance Scams Now™ Official Dating Scams Website – Ghana & Nigerian Scammer Photos

The post Save Someone’s Life This Christmas appeared first on Dating Scams 101.

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Only Biomimicry Will Save Cybersecurity

The network of the office building

Source: National Cyber Security – Produced By Gregory Evans

Only Biomimicry Will Save Cybersecurity

The massive Distributed Denial of Service (DDoS) cyberattack which took down a raft of websites (Twitter, Reddit, Spotify, CNN, The New York Times, Etsy) last Friday comes as a stark reminder of the most elementary axiom of internet security: if

The post Only Biomimicry Will Save Cybersecurity appeared first on National Cyber Security Ventures.

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7 Ways To Save Your Sexless Marriage, According To Sex Therapists

In a sexual rut with your partner? Take heart — it’s natural for partners’ sex drives to ebb and flow through the years and things can definitely improve in the bedroom.

Below, sex therapists share seven pieces of advice that have worked for real couples they’ve counseled through the years. 

1. Don’t assume your spouse is uninterested in having sex. 

Don’t jump to conclusions about your partner’s sex drive without consulting him or her. Take the time to reach out, said New York City-based sex therapist Gracie Landes, pointing to the example of a client who assumed her husband was disinterested in sex based off another therapist’s observation.

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The post 7 Ways To Save Your Sexless Marriage, According To Sex Therapists appeared first on Parent Security Online.

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Parents turn to doctors, lawmakers to save school recess – Education Week

View full post on Education Week: Bullying







#pso #htcs #b4inc

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How to Save Your Child’s Life

Yesterday, in-store video from a Wal-Mart near Atlanta, Georgia went viral. It showed a strange man picking up a 7-year-old girl in an aisle of the toy department. It then showed that same little girl kicking and yelling and creating such a huge ruckus that the man put her down–and ran away! Read More….

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