News

When Security Takes a Backseat to Productivity

“We must care as much about securing our systems as we care about running them if we are to make the necessary revolutionary change.” -CIA’s Wikileaks Task Force.

So ends a key section of a report the U.S. Central Intelligence Agency produced in the wake of a mammoth data breach in 2016 that led to Wikileaks publishing thousands of classified documents stolen from the agency’s offensive cyber operations division. The analysis highlights a shocking series of security failures at one of the world’s most secretive organizations, but the underlying weaknesses that gave rise to the breach also unfortunately are all too common in many organizations today.

Bank Card "Master Key" Stolen

South Africa’s Postbank experienced a catastrophic security failure. The bank’s master PIN key was stolen, forcing it to cancel and replace 12 million bank cards. The breach resulted from the printing of the bank’s encrypted master key in plain, unencrypted digital language at the Postbank’s old data centre in the Pretoria city centre. According to a number of internal Postbank…

Bank Card "Master Key" Stolen

South Africa’s Postbank experienced a catastrophic security failure. The bank’s master PIN key was stolen, forcing it to cancel and replace 12 million bank cards. The breach resulted from the printing of the bank’s encrypted master key in plain, unencrypted digital language at the Postbank’s old data centre in the Pretoria city centre. According to a number of internal Postbank…

Examining the US Cyber Budget

Jason Healey takes a detailed look at the US federal cybersecurity budget and reaches an important conclusion: the US keeps saying that we need to prioritize defense, but in fact we prioritize attack. To its credit, this budget does reveal an overall growth in cybersecurity funding of about 5 percent above the fiscal 2019 estimate. However, federal cybersecurity spending on…

Examining the US Cyber Budget

Jason Healey takes a detailed look at the US federal cybersecurity budget and reaches an important conclusion: the US keeps saying that we need to prioritize defense, but in fact we prioritize attack. To its credit, this budget does reveal an overall growth in cybersecurity funding of about 5 percent above the fiscal 2019 estimate. However, federal cybersecurity spending on…

Privnotes.com Is Phishing Bitcoin from Users of Private Messaging Service Privnote.com

For the past year, a site called Privnotes.com has been impersonating Privnote.com, a legitimate, free service that offers private, encrypted messages which self-destruct automatically after they are read. Until recently, I couldn’t quite work out what Privnotes was up to, but today it became crystal clear: Any messages containing bitcoin addresses will be automatically altered to include a different bitcoin address, as long as the Internet addresses of the sender and receiver of the message are not the same.