Weekly Cyber Security News: 17th July 2018

Posted by on July 17, 2018 0 Comment

This is a weekly news update for the 17th of July 2018. This post is part of the weekly news series on cybersecurity with content curated by the hackers & experts at Security Brigade.

India Among Top Three Countries Most Targeted For Phishing

Phishing and malware-based attacks are the most prolific online fraud tactics developed over the past decade. Phishing attacks not only enable online financial fraud but these sneaky threats chip away at our sense of security as they get better at mimicking legitimate links, messages, accounts, individuals and sites.
According to the RSA Quarterly Fraud Report for the period between January 1 to March 31, 2018, phishing accounted for 48 per cent of all cyber-attacks. The report that contains fraud attack and consumer fraud data and analysis, noted that Canada, the United States, India and Brazil were the countries most targeted by phishing.
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The Biggest Hacks And Data Breaches of 2018 (so far)

We’re now more than halfway through 2018, and the number of data breaches is ramping up. This year has seen more third-party services being breached and customer data stolen from multiple companies in one go. From the devastating Aadhar breach to Ticketmaster, here’s a roundup of the year in breaches.
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Online Bank Accounts Among Hackers’ Favorite Targets

The number-one threat is attacks that target web application users. Alarmingly, 87 per cent of banking web applications and all government web applications tested by Positive Technologies were susceptible to attacks against users. Users of government web applications, in particular, tend not to be security-savvy, which makes them easy victims for attackers.
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The IoT’s Perplexing Security Problems

With over 50 billion dollars spent globally on IoT products, companies need to pay attention to the deployment of IoT devices. Devices are regularly put online with default passwords, legacy code riddled with known vulnerabilities, and a lack of defined policies and procedures to monitor them, leaving companies extremely vulnerable.
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Endpoint Security-Related Issues That Providers Encounter

Endpoint security is of critical importance to all kinds of organizations. Efforts are on to secure all endpoints in enterprise networks. These include mobile devices, laptops, desktops, servers etc. “Fileless attacks”, which exploit gaps in traditional security, are also on the rise and efforts are on to prevent these as well.
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