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Weekly Cyber Security News

Former AWS engineer arrested for Capital One data breach

data-breachCapital One announces data breach affecting more than 100 million customers as US federal authorities arrest a Seattle woman formerly employed by Amazon Web Services.

Capital One has revealed a data breach affecting 100 million US customers and a further six million in Canada as Federal Bureau of Investigation (FBI) officers arrested a suspect.

The US Justice Department said Paige Thompson, 33, a former Seattle technology company software engineer, was arrested on 29 July and charged with computer fraud and abuse for allegedly hacking into the financial firm’s data.

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Cisco pays $8.6m after whistleblower discloses security flaws in video surveillance system

security-camerasJames Glenn, a video surveillance expert working for a Cisco reseller in Denmark, alerted Cisco to security faults in its Video Surveillance Manager system. Now he stands to gain a share of Cisco’s multi-million dollar settlement with the US government.

Cisco Systems has agreed to pay $8.6m after being accused of knowingly supplying video surveillance technology containing serious security vulnerabilities to the US federal and state governments.

The case, brought by a former employee of a Cisco partner company in Denmark, is the first successful cyber security complaint to be brought against a US technology company under US whistleblowing legislation.

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Central government data infrastructure threatens digital progress

Leaders across UK public sector see their current legacy technology as a key hurdle to modernisation, according to research.

Senior government IT leaders see legacy infrastructure in central departments as a major blocker to data-driven digital transformation success, according to a report.

The survey of 101 technology heads across central government departments, carried out by supplier Pure Storage, found only 49% of IT projects by central government departments are considered to fully meet expectations and are delivered on time and on budget. Such a record, along with the struggle to eradicate legacy, makes it hard for central departments to make better use of data.

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Financial services top cyber attack target

Financial services are among the most attractive targets for cyber attackers, security researchers reveal, with phishing and credential stuffing among the top threats.

A broad range of cyber threats are facing the global finance industry, which represents a one-stop shop for attackers, providing essential funding for the underground economy, security reports reveals.

By targeting financial services institutions, criminals steal sensitive data that can be used to open fake accounts and lines of credit they need for survival.

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5 best ways to make sure your credit data hasn’t been breached

If the Capital One and Equifax hacks have you worried, here are tools to use to monitor your credit data.

If you were one of the many people affected by the Capital One data breach or the Equifax data breach, you already know how important it is to check your credit report. Your credit score is an important part of your financial picture — especially when applying for credit cards or loans and making major purchases, like down payments on a new home or vehicle. Being involved in your credit is another way to verify that your identity hasn’t been stolen. Note that looking into your credit score will not affect your credit.

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UK Firms Move Operations as Brexit Data Fears Grow

UK businesses are stepping up their preparations for a potentially tortuous split from the EU, with a third moving some operations to the continent to avoid data privacy regulatory issues, according to new research.

Business process outsourcer Parseq polled 500 decision makers in businesses with 250+ employees about how Brexit might impact their current data privacy obligations.

Although the GDPR is technically transposed into UK law, the country will require an “adequacy decision” from the European Commission to ensure unhindered data flows after it leaves the trading bloc – something that is certainly not guaranteed.

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