[ISN] Chinese Hackers Pursue Key Data on U.S. Workers

http://www.nytimes.com/2014/07/10/world/asia/chinese-hackers-pursue-key-data-on-us-workers.html By Michael S. Schmidt, David E. Sanger and Nicole Perlroth The New York Times July 9, 2014 WASHINGTON




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[ISN] Organisations fail to encrypt sensitive data, shows Infosecurity Europe survey

http://www.computerweekly.com/news/2240224164/Organisations-fail-to-encrypt-sensitive-data-shows-Infosecurity-Europe-survey By Warwick Ashford ComputerWeekly.com 09 July 2014 More than a third of organisations are failing to encrypt sensitive data sent outside their systems, a survey has revealed. Nearly 36% of more than 200 security professionals, polled at Infosecurity Europe 2014 in London, admitted their organisations are not using encryption for sharing sensitive data. “This statistic is cause for alarm, particularly given that encryption provides protection for companies against cyber criminals, competing companies and even governments,” said Terence Spies, CTO of Voltage Security, the company that conducted the survey. “Encryption is the key to keeping sensitive data away from prying eyes because encrypting data at the source means that hackers or malicious actors will not be able to see or use the information, even if they do manage to intercept it.” […]


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[ISN] Hackers threaten ‘Israhell’ cyber-attack over Gaza

http://www.timesofisrael.com/hackers-threaten-israhell-cyber-attack-over-gaza/ By David Shamah Times of Israel July 9, 2014 As the war against Hamas terrorists in Gaza rages on, anti-Israel hackers are gearing up for yet another large-scale cyber-attack on Israel. Set for Friday, July 11, #OpSaveGaza, anti-Israel hackers promise, the denial of service (DDOS) attack will be the “greatest campaign ever against ‘Israhell,’ to expose their terrorist activity to the world,” hackers wrote Such politically motivated cyber-attacks are almost routine, and so far israel’s record of foiling them is good. Israel is ready, said Dina Beer, CEO of the Israel Internet Association (ISOC), which administers Israel’s Internet connections to the rest of the world. “I won’t say that such attacks are easy to deal with, but we are always ready to deal with them,” she told The Times of Israel. “Israel faces DDOS and hack attacks every day, so we’re experienced with how to deal with them. The difference during times of crises like these is the number of hackers that participate in the attacks.” Despite that experience, it would be foolish to dismiss the attacks, said Isaac Ben-Israel, head of the Tel Aviv University’s Yuval Neeman Workshop for Science, Technology, and Security. […]


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[ISN] Police: Fake security officer tries to get password to stolen computer in Sand Springs

http://www.kjrh.com/news/local-news/police-fake-security-officer-tries-to-get-password-to-stolen-computer-in-sand-springs KJRH.com July 9, 2014 TULSA – Sand Springs police say they arrested a man after he posed as a security officer in an attempt to get the password for a stolen computer. Investigators say Frank Sudduth, 23, stole jewelry and a laptop computer from a neighbor and later returned to the apartment later wearing a police T-shirt in an attempt to get the password to unlock the computer. Police say Sudduth went to the victim’s apartment and told her son that he was a security officer and needed the password so that a report could be filed and turned in to the management office. Officers say Sudduth took the T-shirt from the closet of his roommate, who had recently been hired by the Kiefer Police Department. […]


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[ISN] Adventurous squirrels give region’s power grid a shock

http://portlandtribune.com/pt/9-news/226531-89227-adventurous-squirrels-give-regions-power-grid-a-shock By Kendra Hogue Portland Tribune 09 July 2014 When the power goes out on a hot day, most people assume overuse of air conditioning is to blame. But from June 12 through July 7, four substation outages in Portland’s westside suburbs and in North Portland were caused by adorably nimble, fluffy-tailed and overly adventurous squirrels. All four outages were in PGE territory and one


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[ISN] Banks Dreading Computer Hacks Call for Cyber War Council

http://www.bloomberg.com/news/2014-07-08/banks-dreading-computer-hacks-call-for-cyber-war-council.html By Carter Dougherty Bloomberg.com July 8, 2014 Wall Street’s biggest trade group has proposed a government-industry cyber war council to stave off terrorist attacks that could trigger financial panic by temporarily wiping out account balances, according to an internal document. The proposal by the Securities Industry and Financial Markets Association, known as Sifma, calls for a committee of executives and deputy-level representatives from at least eight U.S. agencies including the Treasury Department, the National Security Agency and the Department of Homeland Security, all led by a senior White House official. The trade association also reveals in the document that Sifma has retained former NSA director Keith Alexander to “facilitate” the joint effort with the government. Alexander, in turn, has brought in Michael Chertoff, the former U.S. Secretary of Homeland Security, and his firm, Chertoff Group. […]


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[ISN] Senate should demand electric grid reliability and security

http://thehill.com/blogs/congress-blog/energy-environment/211238-senate-should-demand-electric-grid-reliability-and By Thomas S. Popik and William R. Graham The Hill July 07, 2014 With a Senate vote on two nominees for commissioners of the Federal Energy Regulatory Commission (FERC) pending, there is unprecedented attention on this obscure regulator of interstate pipelines and electricity transmission. In 2005, Congress granted FERC additional authority to regulate electric grid reliability and security, but too often FERC has accommodated industry rather than enforce strict standards. Both FERC nominees, Cheryl LaFleur and Norman Bay, have long tenures as commissioner and director of Enforcement, respectively. Before a confirmation vote, Senators should examine FERC’s weak regulatory record and determine whether leadership and legislative fixes are necessary. Prior to the 2003 Northeast Blackout which affected 50 million people, electric grid reliability and security were unregulated. An industry trade association had set voluntary standards but compliance was spotty. After the Northeast Blackout, a special U.S.-Canada task force identified the voluntary standards system as a prime cause. In response, Congress designed a hybrid regulatory system, where a private successor to the trade association, the North American Electric Reliability Corporation (NERC), would set mandatory standards. FERC would have authority to request, review, and approve, but not change, NERC’s standards. Nominee and Acting FERC Chair LaFleur, formerly a senior utility executive, is a supporter of the hybrid FERC-NERC regulatory system. At an April Senate hearing entitled, “Keeping the lights on


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[ISN] Why You May Want the CFE Designation

http://www.accountingweb.com/article/why-you-may-want-cfe-designation/223584 By Terry Sheridan Accounting Web July 8, 2014 The Madoff Ponzi scheme, financial crisis of 2007-2009, ongoing mortgage fraud and other scandals, and laws like Sarbanes-Oxley and Dodd-Frank that were passed to counter the fraudsters, send a clear message: fraud investigation is a can’t-miss career track and valuable expansion to an accounting or law practice or to the C-suite’s bean counters. Here’s a little extra persuasion: According to the 2014 global fraud study by the Association of Certified Fraud Examiners (ACFE), the typical organization loses 5 percent of annual revenues to fraud—a projected global fraud loss of almost $3.7 trillion if the 2013 estimated Gross World Product is applied. The median loss caused by fraud in the study was $145,000. And another 22 percent of the cases involved losses of at least $1 million. Most cases are reported in banking and financial services, government and public administration, and manufacturing sectors. The largest reported median losses, however, are in mining, real estate, and oil and gas industries, according to the study. There are clearly opportunities in many sectors. […]


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