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Category: cybercrime/malcode

The lack of collaboration on cyber security between the senior levels of business is leaving UK firms exposed to fines and reputational damage, a study has revealed.

One in 10 C-level respondents to a survey by Palo Alto Networks said they “kind of” understand what defines an online security risk, but admitted they “still have to use Google to help explain it”.

This finding suggests that the lack of consensus on where the responsibility for cyber security lies could stem from some lack of cyber security understanding at the leadership level.

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Although this article highlights the lack of awareness by some CEOs and board members on all things around Cyber Security; I do see a larger gap and risk. I do believe if a fully funded and dedicated joint task force effort among Silicon Valley, US Government, and Wall Street are not in place tackling this jointly to help the country and economy to diffuse this situation within the next 14 to 18 months that AI could fail in its delivery due to public’s concerns around trust and security.

Therefore, tech spent millions if not billions on new AI technology that businesses and consumers see no value in due to risks.

Some board executives still need help from a search engine to explain cyber security issues, warns report.

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Cyber Carjacking the new way to steal someone’s auto.

Cyber security was one of the topics on the agenda at the recent CyberTech conference held in Tel Aviv.

Last year, hackers in the US managed to remotely access a Jeep Cherokee SUV through its on-board computer, taking control of its steering, transmission and brakes.

A similar hack into the Tesla Model S, was carried out, officials say.

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This is very true; everyone knows in order for AI to truly be embraced by both consumers and industry; that Cyber Security on multiple fronts will need to be invested in to ensure better adoption of all the great technology on the horizon.

Though the cyber security industry has lost its momentum in the past several months, partially due to the weakness in the broad technology sector, it is poised for exponential growth in the coming years in the face of increasing cybercrime and the need to protect against these threats. According to Gartner, global security spending will increase 4.7% year over year to $75.4 billion in 2015 with some analysts projecting the global market to grow from $77 billion in 2015 to $170 billion by 2020.

The Q4 earnings reports of several industry players reflect this trend as most of them have beaten our earnings and revenue estimates with an encouraging outlook. Yet, they failed to drive the space and its ETFs higher that might suggest attractive entry point at the current level (read: 16 Bold ETF Predictions for 2016 ).

Let’s dig into the earnings results of some of the cyber security firms that have the largest allocation to the ETFs in this industry:

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See even Space gets it — the importance of great Cyber Security is needed now.

The disruption of capabilities that space assets provide would have immediate, far-reaching and devastating economic, political, and geostrategic consequences. Over the past two decades, space vulnerabilities have grown dramatically in a manner commensurate with terrestrial dependency on space-based capabilities and enablers. This is true for both civilian and military activities. Purposeful interference with space systems could rather easily trigger a retaliatory spiral of actions that could compromise a safe and secure operating environment in space. Accordingly, having available a range of measures to prevent or preempt an incident, or even full-up conflict, is of rapidly growing importance to an increasing number of countries.

The interruption of space services through a cyber attack could involve large, and possibly very complex, knock-on effects. As the space and cyberspace domains are linked operationally—space cannot exist without cyber and cyber, in some cases, without space—and they permeate all other warfighting domains (i.e. land, air, and sea), cyber-related vulnerabilities of space assets are a major concern. Global effects would be virtually instantaneous.

Given these realities, space-dependent civilian governments are wise to be seeking new ways to engage in serious international discussions concerning how best to ensure responsible behavior in these two connected domains. Meanwhile, space-dependent militaries are, to varying degrees, bracing themselves for the worst by the establishment of crisis management mechanisms to address fast-moving security threats emanating from cyber-related vulnerabilities embedded in space systems and operations. In some cases, this mechanism includes taking proper account of growing government dependency on commercial providers as key parts of both military and civilian missions.

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Are you feeling confident about those robots and other AI machines and apps connected to the cloud environments self managing themselves?

The latest round of embarrassing federal data breaches struck the very agencies charged with protecting Americans, evidence one leading member of Congress believes is proof that throwing money at a problem doesn’t solve much unless there’s accountability to go with it.

Last week, the personal data of some 20,000 FBI employees and more than 9,000 Department of Homeland Security workers was released.

Days later, the story took on additional embarrassment when authorities arrested the perpetrator, a 16-year-old boy in Great Britain. The teen said he gained access to the information through weak security in the Department of Justice email system.

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I believe that AI holds a lot of promise and many great things; however, we have to correct some very critical issues 1st before compound a huge issue that we have today. And, that is Cyber Security and re-establish trust with our consumers and customers. Without these 2 being fully addressed; you will compound these two challenges with AI plus run the risk of having an IoT that most people will not wish to use due to hackers, bad data, etc. Not to mention lawsuits for Wi-Fi connected robotics that were hacked and injured or worse some innocent person.

I believe need to ensure priorities are in order before we make things worse.

Unexpected convergent consequences…this is what happens when eight different exponential technologies all explode onto the scene at once.

This post (the second of seven) is a look at artificial intelligence. Future posts will look at other tech areas.

An expert might be reasonably good at predicting the growth of a single exponential technology (e.g., the Internet of Things), but try to predict the future when A.I., robotics, VR, synthetic biology and computation are all doubling, morphing and recombining. You have a very exciting (read: unpredictable) future. This year at my Abundance 360 Summit I decided to explore this concept in sessions I called “Convergence Catalyzers.”

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Watch out for new patch from Magento — hackers are at it again.

Attackers are still trying to find Magento installations that haven’t patched a particularly bad vulnerability, this time trying to trick people into downloading a fake patch.

The bogus patch purports to fix a flaw known as the Shoplift Bug, or SUPEE-5344, wrote Denis Sinegubko, a senior malware researcher with Sucuri.

“While the patch was released February 2015, many sites unfortunately did not update,” he wrote. “This gave hackers an opportunity to compromise thousands of Magento powered online stores.”

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Nice article; something that I agree very much with is the perspective that both Cyber Security is intertwined with technology innovation and adoption. Tech and other companies creating products or even services that leverages the net, can easily see their revenue potentials impacted due to poor Cyber Security. Example, Hello (Wi-Fi) Barbie by Mattel; when it was announced that the doll was indeed hackable; many buying consumers buying for their children left her on the shelf.

Hackers use innovative thinking when breaching systems, why can’t government?

by Larry Karisny

February 14, 2016.

U.S. Office of Personnel Management

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