The Viet Nam Computer Emergency Response Team will act to ensure safer internet operations in the country, its experts said during a seminar on cyber security in HCM City today. Some 8,760 cases of phishing – the attempt to obtain sensitive information such as usernames, passwords and credit card details – were detected during the first half of this year, trippling that of the same period last year. There were 77,160 cases of defacement, an attack on a website that changes the visual appearance of the webpage, in the first half of 2016. This was eight times higher than the number recorded during the same period of 2015. Attacks with malware – malicious software used to disrupt computer or mobile operations, gather sensitive information, gain access to private computer systems, or display unwanted advertising – also grew fivefold year-on-year. More than 41,700 such cases occured in the six months of 2016. VNCERT Director Nguyen Trong Duong said many cyber … [Read more...] about VN cyber security lacking: experts
Cyber security for banks
SWIFT, the global financial messaging system, on Tuesday disclosed new hacking attacks on its member banks as it pressured them to comply with security procedures instituted after February's high-profile $81 million heist at Bangladesh Bank. In a private letter to clients, SWIFT said that new cyber-theft attempts - some of them successful - have surfaced since June, when it last updated customers on a string of attacks discovered after the attack on the Bangladesh central bank. "Customers’ environments have been compromised, and subsequent attempts (were) made to send fraudulent payment instructions," according to a copy of the letter reviewed by Reuters. "The threat is persistent, adaptive and sophisticated - and it is here to stay." The disclosure suggests that cyber thieves may have ramped up their efforts following the Bangladesh Bank heist, and that they specifically targeted banks with lax security procedures for SWIFT-enabled transfers. The Brussels-based firm, a … [Read more...] about SWIFT discloses more cyber thefts, pressures banks on security
(VOVworld) - President Barack Obama plans to announce legislation to protect companies from lawsuits for sharing data with the government to help prevent cyber attacks. The new legislation encourages sharing of information on cyber attacks between private companies and the government agencies, who will be protected by law. The new bill would criminalize the sale of botnets, referring to criminals typically use bots to infect large numbers of computers, and stolen data, as well as criminalizing cyber attacks under the Racketeering Influence and Corrupt Organizations Act (RICO). It would also allow the prosecution of insiders who use stolen information for their own purposes. The bill covers sale of stolen financial information such as information on credit cards and bank accounts. Earlier, President Obama proposed two bills to enhance and standardize protection of personal data on the internet which ask companies to inform clients whose data has been stolen within 30 days. … [Read more...] about US President to announce new cyber security law
NEW YORK - Because the sums were large and such attacks are relatively new, the two Middle East banks hit in a $45 million ATM heist face an uncertain path in trying to recover their losses, financial, insurance and legal experts say. Oman-based Bank of Muscat lost $40 million and United Arab Emirates-based National Bank of Ras Al Khaimah PSC (RAKBANK) lost $5 million in the global heist, U.S. prosecutors said on Thursday. Hackers gained access through third-party companies that processed transactions for prepaid debit cards issued by the banks, the prosecutors said. While details of what happened are still sketchy, experts said the banks could bring claims against the processing companies in court, or they could file claims with their own and the processing companies' insurers. "There's no hard and fast rule," said Dan Karson, the Americas chairman of Kroll Advisory Solutions. "We're in very much a new cybersphere of finance, and allocating liability is still very much … [Read more...] about For banks in cyber heist, how to get their money back?
Vietnam needs an agency to maintain national Internet security as the potential for cyber war has increased, an information technology police officer said at a Hanoi conference Thursday. Major General Nguyen Viet The from the Ministry of Public Security said on the sidelines of the Cloud Computing and Security World 2012 conference that there must be a professional agency to prevent and deal with threats to the national Internet system. The country’s top computer science agency – Vietnam Computer Emergency Response Team (VNCERT) under the Ministry of Information and Communication, “only stops at solving computer problems,” The said, cited by news website VietNamNet. He said the lack of Internet security in Vietnam reached alarming levels in 2011 when international hackers attacked thousands of websites, including around 300 government ones last May and June. The contemporary problem is widespread on a global level as many professional groups of hackers … [Read more...] about IT cop says Vietnam needs national cyber security agency