Tuesday, July 15, 2014

Cyber threats also travels by satellite

On July 15, 2004, NASA launched its third satellite of its Earth Observing System called Aura. Its mission was to measure ozone concentration, air quality and climate in our planet. Ten years later, O3B has sent four satellites to 8,000 miles away from Earth. However, in this case, the function of these spacecraft is to expand the Internet coverage for about 3,000 million people.

Undoubtedly, the fact that a larger population has an enhanced Internet connection presents endless opportunities, but also poses a number of negative consequences. For example, cybercriminals will be able to significantly increase the number of their victims. Fresh meat for the new banking Trojan Kronos - sold on the black market by the tight price of $ 1,000 - which takes advantage of many of the features of the infamous Zeus malware and can bypass several security systems.

In addition, it is also expected  a massive propagation of Tinba banking Trojan whose source code has been made public. Thus, the number of variations of this malicious software and the number of users infected by it will increase almost automatically.

If only the trojans were the only threat on the Internet! Unfortunately, the list is long. For example, it has been detected a vulnerability in the Microsoft’s directory service "Active Directory" that could affect 95% of "Fortune 1000" companies. Another security breach at the tech news website CNET has allowed some hackers to steal usernames, encrypted passwords and email addresses for a million users.

One of the sectors to be better protected from these dangers is the financial one. Therefore, the Monetary Authority of Singapore (MAS) - a country whose main economic activity depends on this sector - issued new legislation defining - among other things - the roles and responsibility of an institution’s Board of Directors and senior management in risk management and mitigation.

As you can see, the Internet has two faces. To better protect yourself from the less friendly face you shoyld stay informed about everything going on in the world of cybersecurity. Therefore we invite you to follow us through our social channels (find the links at the right sidebar) or here on our blog.


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