Why Hackers Aren’t Afraid of Us

Ask finance ministers and central bankers around the world about their worst nightmare and the answer is almost always the same: Sometime soon the North Koreans or the Russians will improve on the two huge cyberattacks they pulled off last year. One temporarily crippled the British health care system and the other devastated Ukraine before rippling across the world, disrupting shipping and shutting factories — a billion-dollar cyberattack the White House called “the most destructive and costly in history.”

The fact that no intelligence agency saw either attack coming — and that countries were so fumbling in their responses — led a group of finance ministers to simulate a similar attack that shut down financial markets and froze global transactions. By several accounts, it quickly spun into farce: No one wanted to admit how much damage could be done or how helpless they would be to deter it.

Frontier Communications' password bug lets anyone into your account

Is it our impression that our passwords are secured wrong?

Top 5 Recent Cyber-attacks/hacks and How They Could Relate to your Business.

Cyber-attacks can happen to any business and its not just large corporations that can suffer from data breaches. Small organizations are at an increased risk with limited resources as cyber attack can lead to data losses easily. However, the largest of corporations in the world have fallen prey to cyber attacks. Here are five of the recent cases.

Millions download infected apps that could ‘wreak havoc' on phones

Millions of people have downloaded infected apps that could trick them into installing harmful software and signing up for expensive premium services, researchers say.

More than 60 Android apps were found to contain malicious code dubbed ‘AdultSwine’, which is designed to “wreak havoc” on users through their smartphones.

StalinLocker: ransomeware deletes data if correct code is not put in time

A new ransomware has been discovered called StalinLocker, or StalinScreamer, that gives victims of the attack 10 minutes to put in the correct unlock code and if they’re not able to do that, erases all the data on the infected device.

The ransomware does not actually demand any ransom, other than the condition given to unlock the victim’s device.

Cybersecurity salaries highest in retail sector

A recent study found cybersecurity salaries in the retail sector are among the highest in the field while those in education and telecommunication are some of the lowest.

Researchers also unsurprisingly found that salaries were lowest at smaller companies as opposed to larger firms and that while salaries don't continue to increase reliability with increased levels of education, participants with advanced degrees consistently earned more than those with only bachelor's degrees.

A New Cryptocurrency Mining Virus is Spreading Through Facebook

If you receive a link for a video, even if it looks exciting, sent by someone (or your friend) on Facebook messenger—just don't click on it without taking a second thought.

Cybersecurity researchers from Trend Micro are warning users of a malicious Chrome extension which is spreading through Facebook Messenger and targeting users of cryptocurrency trading platforms to steal their accounts’ credentials.

Dubbed FacexWorm, the attack technique used by the malicious extension first emerged in August last year, but researchers noticed the malware re-packed a few new malicious capabilities earlier this month.