Federal Budget to Spend up to $1 Billion on Cyber Security

Murray Brewster, CBC News, explains how new money is coming from the Federal government to protect the 2019 election.

According to Brewster, the United States is still reeling from the effects of the 2016 presidential election, which the American intelligence community says was disrupted by Russian hacking and information influence operations.

With money in the budget to also include training and retaining cyber security experts, the requested amount will be allotted once details are agreed on about which departments will get funding, and where the rest of the money will be placed.

“There has also been a lot of debate in Canada about how to leverage the military to address the cyber skills shortage and meet its own growing needs for people with sophisticated technical skill sets,” stated Brewster.

The full article can be read here.

Freedom Mobile Private Details Extracted by Hacker

According to an article published by www.hackread.com, a hacker, using the alias NullHumanity, has identified a flaw in the customer login system of Freedom Mobile. With approximately 2,000 accounts at risk, the hacker explained he does not plan to exploit them.

The article mentioned that although this hacker has no plans to access the accounts for any reason but to inform Freedom of this flaw, there are others who wouldn’t be so kind.

“If a hacker manages to access secondary API through guessing the phone number and PIN combination, then he can expect to get sensitive details like date-of-birth, full name, phone number, email IDs, full call history, and billing-related information.”

The full article can be read here.

Winter Games Hit by Cyber Attack

The PyeongChang Winter Games were hit by a cyber attack, and although critical operations were not affected, event organizers were forced to shut down servers. The official games website also had to be taken offline to prevent further damage.

With cyber attacks rising in past Olympics games, this most recent attack in South Korea won’t be the last. According to the article, written by Aaron Tan, Japan is already bracing itself for more cyber attacks, aimed at the Tokyo Olympics in 20202.

Read the official article here.

How One Hacker Stole $226K Worth of Cryptocurrency from Oracle Servers

According to a recent article published from Techrepublic, an Oracle vulnerability released in December allowed attackers to mine the Monero cryptocurrency.

One hacker was able to deploy a cryptocurrency miner and rake in 611 Monero coins worth roughly $226,000, according to a report from the SANS Institute.

“The good news is that Oracle patched the flaw last year. However, firms that aren’t regularly updating may still be at risk. According to the report, the vulnerability affects versions 10.3.6.0.0, 12.1.3.0.0, 12.2.1.1.0, 12.2.1.2.0, and 10.3.3.0,” stated writer Connor Forrest.

To read the full article, click here.

The 20 Worst Passwords of 2017

Passwords are the first line of defense when it comes to protecting your vital information. Let the common phrases like “password” and “123456” go. It’s still surprising how many people use bad passwords.

Use a whimsical phrase you will remember, then add numbers and special characters. Protect yourself.

Read the article from Techrepublic here.

New IT Buyer for 2017

“The CIO office or IT department may still be the primary gatekeeper in IT planning, spending and management, but a new buyer is emerging – the non-IT business executive. These are line-of-business (LOB) buyers. This study examines these new buyers as they exist across the organizations’ departments. Additionally, it looks at IT job roles in these departments and how much they operate independently.”

One of the key points made is that LOB (Line of Business) buyers are flexing their muscles. Half of respondents said objectives for technology is now more business focused. Read the full article here.

The charts in the tweet have some interesting data.