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December 6, 2016

The Department of Defense Is about to Enhance Its Deep Web Search Engine

A lot of people have never heard of Memex. Memex is a deep web search engine developed by DARPA (Defense Advanced Research Projects Agency), the agency that created the ARPANET, which served as a basis of the internet we use nowadays.

Memex is a deep web search engine that doesn’t quite work like Google or Bing. DARPA sees Memex as a set of search tools intended for government use, unlike commercial search engines as the ones mentioned above. This deep web search engine powers domain-specific searches that then show sophisticated infographics as results. According to Tech Times, this new search engine can crawl 90 to 95% of the deep web.

The current goal is to battle [...]

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December 3, 2016

Hackers Only Need Seconds to Figure Out Card Details

Experts from Newcastle University in England has found that hackers only need six seconds to figure out the card number, expiry date, and security code for a Visa debit or credit card by simple guesswork, according to a report from The Telegraph.

According to figures from the Office of National Statistics, in the U.K. the number of bank account fraud cases reported up to June 2016, from the beginning of the year, amounted to over 2.3 million.

The researchers found that all that a hacker needs is a computer and an Internet connection. It is believed that hackers simply utilize what is known as a Distributed Guessing Attack enabling them to get around security features [...]

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December 1, 2016

BoE asks FinTech Firms to Help Warn Banks About Cyberattacks

The Bank of England is recruiting FinTech companies to help prevent cyberattacks targeting financial institutions, according to a report from The Telegraph.

Earlier this year, the Depository Trust & Clearing Corporation (DTCC) conducted a survey, which found that cyber risks topped the list of financial service concerns. According to the survey, 56 percent of respondents ranked cyberattacks within the top five.

Speaking at the Telegraph’s Future of FinTech conference, Claire Sunderland Hay, head of the Bank’s FinTech Accelerator, said one study is focusing on threat intelligence tools.

She said:

We hope [it] will lead to faster sharing of threat [...]

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December 1, 2016

Hackers Compromise Israeli TV Channels With “Divine Retribution” Message

Israel has recently been swept by a wave of, reportedly, over 250 large fires, which led to dozens of arrests on suspicion of arson. Tuesday night, hackers compromised two major Israeli news channels, unexpectedly interrupting the broadcast. The hackers then showed images of Muslim holy cities and suggested the recent wave of fires was divine retribution shown in their place.

The hack came before the Knesset – the Israeli parliament – voted on a bill that aimed to prevent the use of loudspeakers for religious purposes. The bill would restrict Muslim call to prayer- known as adhan – as these would be outlawed in mosques.

Programs on Channels 2 and 10 were [...]

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November 29, 2016

A Familiar Tale as Bitcoin Extortionists Target German Bank’s Customers

Bitcoin extortionists have hacked a high-end European bank several days ago, and now blackmailing its customers. Valartis, a Chinese-owned bank in Lichtenstein, has reportedly been hacked by unknown extortionists, according to the German newspaper Bild am Sonntag.

The hackers are demanding Valartis’ customers 10% of their life savings, paid in Bitcoin so they can  protect their anonymity. If they do not comply by the 7th of December, the hackers will reportedly release all of their account details. These will then be sent to finance authorities and the media.

According to Chief Financial Officer Fond Chi Wah, the bank did not know of any money losses and that customers [...]

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