Cyberattack Leaves Millions Without Mobile Phone Service in Venezuela

A massive cyberattack that took down government websites in Venezuela earlier this week also has left seven million mobile phone users without service, the government said Thursday. A group that calls itself The Binary Guardians claimed responsibility for attacks that targeted the websites of the government, the supreme court and the National Assembly. “These terrorist…

Cybersecurity depends on partnership

In the world of cybersecurity, partnerships are of much importance. Cybersecurity companies partner among themselves to share data and help each other build stronger security solutions that can better protect their users. They also partner with law enforcement agencies to fight cybercrime. Partnerships with software developers are equally important, because security solutions have to work…

The untapped potential of machine learning for detecting fraud

E-commerce fraud protection company Signifyd has recently signed up behavioral analytics expert Long-Ji Lin to fill the position of Chief Scientist. “For advertisers, Lin perfected his model’s ability to predict which users would take each desired action, such as a clicking on an ad or purchasing from an advertiser. For e-commerce merchants, Lin is focused…

Attacks on manufacturing industry continue to rise

The frequency and sophistication of cyber attacks continues to rise globally according to research data in the Q2 Threat Intelligence Report released by NTT Security. Four findings are of extreme interest and concern: Cyber attacks were up 24% globally during Q2 2017. Manufacturers continue to be a key target for cybercriminals. 67% of malware attacks…

Solar Panel Flaws Put Power Grids at Risk: Researcher

A researcher has identified many vulnerabilities in widely used solar power systems and he believes some of these flaws could allow hackers to cause large-scale outages, but the affected vendor says his claims are exaggerated. In a scenario he calls “Horus,” which stems from the name of the ancient Egyptian god, researcher Willem Westerhof describes…