Connect with us

Cybersecurity

Australia Not Prepared For Cyber Warfare, Report Warns

Published

on

Australia stands unprepared for a cyber war, according to the Australian Centre for Cyber Security (ACCS), ABC News reported. The organization warned that Australian government and civilian sectors are far behind the U.S. and China, which have taken significant measures to prepare for cyber war.

The report called for a “rapid catch-up” in Australian military security capabilities in the information age. Professor Greg Austin, who released the report, described the country’s response to cyberspace threats as “slow and fragmented.”

Vulnerable To Cyber Attack

Another ACCS report noted the Australian Defence Force (ADF) has failed to sufficiently test its ability to thwart cyber attacks on its weapons systems. It further noted that support from the U.S., which Australia has depended on for security for the past 60 years, would be limited in the area of cyber warfare. This limitation holds true despite the fact that Australia participates in the Five Eye intelligence alliance.

Austin said the reliance on the U.S. for extended deterrence would not have the same impact in cyberspace as for kinetic operations.

There has been a public debate about the country’s naval, ground and air capabilities, Austin said, but no government initiative to benchmark national security needs in cyber space.

Australia is unprepared for “medium intensity war” that would involve a sophisticated cyber attack, the report said.

A Call For Public Debate

An open, public debate is needed on the security, military and civil requirements in cyber space and how well the country’s capabilities meet those needs, the report said.

Another ACCS study warned the ADF has to do more to make sure its weapons systems can sustain a cyber attack. Authored by Group Captain Keith Joiner of the RAAF (Royal Australian Air Force), the report said the country’s readiness was about six years behind the U.S.

As a result, Dr. Joiner said the ADF will likely not be aware of the operational vulnerabilities of its major complex systems and platforms to cyber attack.

The report called for improved funding to allow the ADF to conduct cyber survivability tests. It said the ADF must provide the same attention to evaluating and testing the vulnerability to cyber attacks of its legacy systems as it provides to conventional threats.

The federal government is preparing to release its defense white paper in the coming months.

Also read: Australian government targeted in cyberattack; China blamed

China Could Surpass Australia

Austin’s study cited the risk of China surpassing Australia in its defenses against cyber attacks, a development that might be too late to prevent. Within 20 years, China’s military, economic and civil capabilities in cyberspace will likely far surpass Australia’s. Today, both countries can be viewed as laggards.

Australia must prepare to respond to the impact of Beijing’s stronger commitment of the past 15 years to change through military cyber science and technology in comparison to the Australian government’s commitment in key areas of policy.

Austin suggested Australia follow China’s path and give its reservists cyber warfare training. China is well placed to develop the best organized and most powerful cyber militias in the world, he said. “It does not now have such a strong capability, but it has taken steps along this path.”

Austin called for a national innovation strategy and a blueprint for cyber survivability in the event of a military confrontation with a major power.

He further recommended more investment in education and IT to encourage more graduates in the cyber warfare field.

Prime Minister Malcolm Turnbull has committed to innovation.

Image from Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

3.9 stars on average, based on 8 rated postsLester Coleman is a veteran business journalist based in the United States. He has covered the payments industry for several years and is available for writing assignments.




Feedback or Requests?

1 Comment

1 Comment

  1. George Wells

    January 22, 2016 at 1:51 am

    I met Danny in 2013 , he is a professional security analyst and certified hacker. the time I met him he already was certified since 2009 and he is very good at testing securities. should you ever have a project you need to test if it is totally secure, you should contact him by sending a mail to danielphills@cyberservices.com, I bet he is competent and savvy enough to solve your problem whatever it might be.

You must be logged in to post a comment Login

Leave a Reply

Altcoins

Monero Price Analysis: Stronger Malware to Mine Monero; XMR/USD Has Room for Another Potential Squeeze South

Published

on

  • Researchers: a stronger malware has been uncovered, which can mine Monero.
  • XMR/USD price action remains stuck in a narrowing range, subject to an imminent breakout.

The XMR/USD price has seen some upside on Saturday, holding gains of around 3% towards the latter stages of the day. Despite the press higher from the bulls, a move which has been observed across the cryptocurrency market, vulnerabilities remain. Price action has been ranging for the past nine sessions. Once again, this isn’t specifically just XMR, as this type of behavior is witnessed across the board. The narrowing in play came after the steep drop that rippled across the market on 10th January.

Price action was initially well-supported to the upside by an ascending trend line, which was in play from 15th December. This at the time was a very promising recovery, as XMR/USD had gained as much as 55%. Unfortunately, however, the bulls were unable to break down supply heading into the $60 region and were eventually dealt a big hammer blow. On 10th January, the market bears forced a heavy breach to the downside, smashing through this support. The price had dropped a big double-digits, some 20%.

Stronger Malware Mining Monero (XMR)

There is a dangerous form of malware that can bypass being detected and mine Monero (XMR) on cloud-based servers. A recent notice was put out by Palo Alto Networks’ Unit 42, an intelligence team that specializes in cyber threats, regarding a Linux mining malware. This was detailed to have been developed by Rocke group, which has the ability uninstall cloud security products. It can do this to the likes of Alibaba Cloud and Tencent Cloud, to then illegally mine Monero on compromised machines.

The two researchers from Palo Alto Networks, Xingyu Jin and Claud Xiao, detailed the findings of their studies. Once the malware is downloaded, it takes administrative control to initially uninstall all cloud security products. Shortly after, it will then then transmit code that will mine the Monero (XMR). Further within their press release, they said, “To the best of our knowledge, this is the first malware family that developed the unique capability to target and remove cloud security products.”

Technical Review – XMR/USD

XMR/USD daily chart.

Given the current range block formation, eyes should be on the key near-term technical areas. Firstly, to the downside, $43, which is the lower part of the range. A breach here will likely see a retest of the December low, $38. To the upside, resistance be observed at around the mid $46 level. Should a breakout be observed here, then a potential retest of the broken trend line will be watched.

Disclaimer: The author owns Bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.6 stars on average, based on 124 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




Feedback or Requests?

Continue Reading

Altcoins

Dash 51% Attack Fears Cooled as Core Dev Group Suggest Benevolent Miner

Published

on

Dash investors may have been starting to question the security of their holdings in light of Ethereum Classic’s (ETC) recent attack, and the subsequent fallout which revealed Dash’s own vulnerability to 51% attacks.

Three addresses, all controlled by the same user, were in control of more than 51% of the Dash mining hashrate, as reported on CCN a few days ago. On top of that, over 74% of the entire Dash hashrate was accessible via Nicehash – a cloud-mining marketplace – where it could be purchased for as little as $3,104 per hour.

Hashing Power Removed from Nicehash

As of Saturday’s statement by the Dash Core Group, the same individual still controls the majority of the Dash hashrate. However, the group pointed out that since the news concerning a 51% attack broke out earlier this week, the individual has begun to remove their hashing power from Nicehash, and spread it around separate mining pools.

The team stated clearly that they do not believe the miner in question to be malicious:

“…we don’t believe the entity in control of the wallets in question plans or wants to attack because their mining activities began at least 4 months ago and their blocks have been published for all to see.”

The group believe the sudden removal of hashing power from Nicehash – as shown above – is a signal of benevolent intentions on the part of the miner. As a major holder of Dash, they reason that the miner would want to secure the network as best they could.

“This removes the risk of a malicious party renting the hashing power via NiceHash and simultaneously signals that the entity in control of the hashing power does not have negative intent. We believe the miner behind the hashing power was made aware by the same info we discovered online and quickly moved to more protected pools as they appear to be a major stakeholder of Dash.”

Future Proof?

The announcement ends with a look to the future in the form of Dash’s upcoming ChainLocks technology. To be implemented in an as yet unspecified future update, ChainLocks will unite the mining layer with that of the Dash’s masternodes.

This means that a 51% attacker would also have to secure a majority of the blockchain’s masternodes to execute their plans. More can be read on ChainLocks here.

Dash Coin Price

Almost mid-way through the first month of 2019, Dash has recovered 26% of its value since the market lows of mid-December. That’s when one unit of DASH was valued at $58.27 – a 96% decline since December 2017.

Dash’s 26% recovery in the past month still leaves the coin 95% off its all-time high. As of Saturday the coin had settled down along with the broader market, after a sharp 17.5% decline 48 hours before.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.5 stars on average, based on 146 rated postsGreg Thomson is a full-time crypto writer and digital nomad. He eats ICOs for breakfast and bleeds altcoins. Wherever he lays his public key is his home.




Feedback or Requests?

Continue Reading

Cryptocurrencies

Where to Store Your Crypto?

Published

on

By

Storing crypto on virtual exchanges has some inherent security risks that have been exploited by hackers and cyber criminals. This article will touch upon this important topic and provide you with alternative methods in which to store your digital assets.

Cold and Hot Wallets

The main thing in cryptocurrency storage is the private key and who has access to it.

Cold storage wallets operate offline and without a constant internet connection. If your key is not on the Internet, then it is much more difficult to steal.

A hot storage wallet is a wallet with constant connection to the Internet.

So, all storage options can be distinguished by the following criteria:

  1. private keys are kept by you or by third parties.
  2. without internet connection or with internet connection

A cold storage wallet with a private key is considered the most reliable storage option. Such a wallet is suitable for long-term storage of large amounts. However, it is not convenient if, for example, you do trading and need access to your wallet for transferring small amounts.

Hardware Wallets

hardware wallets like Ledger, Trezor, Pi Wallet, Keepkey, Opendime, Bitlox, etc. have a flash drive within the software without an internet connection. You can connect to the Internet only when sending a transaction. You need to confirm the transaction physically, from the device itself. This is a “cold” method of storage without an internet connection (connection only at the time of the transaction). The user keeps private keys.

Paper Wallets

This method of storage will be also convenient for you if you want to conserve your funds for an extended period. In offline mode, you can generate a public and private key. For example, if you are using the service walletgenerator.net it will transfer those keys in the form of a QR-code, which can be printed and stored by you.

Physical Bitcoin Wallet

A physical bitcoin wallet has almost the same properties as a paper wallet. Encrypted bitcoins cannot be spent until the seal protecting the secret key has been broken. However, the security of the seal is not considered very reliable.

Desktop Offline Wallets.

There are also two main types of offline wallets:

  1. Wallets, where the user is the only one with the access to private keys. You can install such wallets on a personal computer as a separate program. As a rule, these are the wallets from the developers of that cryptocurrency. For example, Bitcoin Core. Litecoin Core, Mist, etc. Such wallets are also called “heavy” wallets since during installation they take up quite a lot of space (for example, you will have to free up at least 200 GB for a Bitcoin wallet in 2018). When installing such wallets on laptops flash drives that are disconnected from the Internet can also be called “cold” wallets. In general, they are also considered safe.
  2. The so-called “light” offline wallets. These are desktop wallets that allow you to store cryptocurrency without downloading its full registry to a bunch of gigabytes. Some of them give you private keys and the ability to restore a lost wallet at any time using seed phrases. There is a drawback – they do not always contain the full version of the blockchain, and sometimes won’t show up-to-date transaction information. Examples of such a wallet are Electrum and Armory.

Light wallets can be multi-currency, with a built-in internal exchange for example Exodus. Its private keys can also be restored using seed-phrases. However, inside such wallets, not only you but also developers have access to your private keys.

It is also worth to mention an essential aspect of light wallets, which are open source code. If something happens to the wallet, then it will be only possible to restore the wallet using the seed phrase only if the function is restored.

As a conclusion on cold wallets, I can say that their main advantage is reliability and security, and the main drawback is that it is difficult to move cryptocurrencies quickly. Therefore, cold wallets are suitable for long-term storage. For everyday transactions, hot wallets are the best. The exceptions are some hardware wallets that are compatible with online cryptocurrency storage and exchange services.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
2 votes, average: 5.00 out of 52 votes, average: 5.00 out of 52 votes, average: 5.00 out of 52 votes, average: 5.00 out of 52 votes, average: 5.00 out of 5 (2 votes, average: 5.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.9 stars on average, based on 43 rated postsVladislav Semjonov has a legal and financial background. He has been involved in crypto space since early 2017 in both ICO advising positions in several ICO consultancy firms, and as an ICO analyst for VC. He began contributing for Hacked.com in April 2017.




Feedback or Requests?

Continue Reading

Recent Posts

A part of CCN

Hacked.com is Neutral and Unbiased

Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com.

Trending