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Heartbleed, BASH and now POODLE - new SSL vulnerability discovered

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POODLE Vulnerability discovered in SSL 3.0 Researchers from Google have announced the discovery of another major flaw in Web Security. It has been called POODLE and follows hot on the heels of Bash and Heartbleed. 

 

The vulnerability is rooted in SSL v3.0 that is used as part of the security framework used for encryption across the Internet. The POODLE bug makes it possible for hackers to use a ‘man in the middle’ attack to gain access to data. 

 

UK businesses should seek insurance against cyberattacks

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"Senior managers in UK business should pay greater attention to the threat of cyber attacks, establish what the cost of such an incident would be to their firms and insure against it." 
 
 
Thats the view of Technology law specialist Luke Scanlon of the law firm Pinsent Masons.
 

Japan To Form Cyberdefense Unit

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TOKYO (Nikkei)--The Ministry of Defense is moving to assemble a team to protect the nation's computer systems against organized attacks by international hackers.
 
Japans actions follow continued growth in the threat of organised attacks and the action taken by other countries around the world.
 

Cyber Risk Insurance Forum campaign launched

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CYBER RISK INSURANCE FORUM starts work 
 
Link to Cyber Risk Insurance Forum The Cyber Risk Insurance Forum (CRIF), the group established to develop a security framework for companies taking out cyber insurance, has held its inaugural meeting, expanding its membership and developing two lines of focus for its on-going campaign.
 
Global information assurance firm NCC Group, with Liberty International Underwriters (LIU), Zurich Insurance, CNA Europe and Oval, established the group earlier this year under the Cyber Insurance Working Group title.
 
The founding members have now increased to include Thales, Continuity Forum, ACE Insurance and Hill & Knowlton, bringing together a broader spectrum of thought leaders.
 
CRIF Chairman, Daljitt Barn said: “Cyber insurance doesn’t mitigate the risk of suffering a cyber attack in itself, but if combined with cyber risk best practice, it will. Driving development of those guidelines depends on making organisations aware of the risks that they face.”
 
The Cyber Risk Insurance Forum seeks to develop a framework of recommended information security practices and policies to support the uptake of cyber insurance, protecting insurers and businesses alike.
 
The name change was implemented following the group’s first meeting, as part of a concerted focus on risk mitigation. 
 
Matthew Hogg of LIU, a founding Member of CRIF explains: “We realise from our discussions with industry that a two-pronged attack is necessary to drive our campaign forward." 
 

London Cyber Conference ends, but what next?

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Business Continuity Forum opinion
London Cyber Conference
2011 
 
 
Over two days the London Cyber Conference 2011 delivered a truly international focal point to examine how our digital world is developing and share what needs to be done to keep the benefits, but remove some of the risks.  
 
With over 700 people from 60 countries there really was a global presence and the issues discussed in the plenary and private sessions clearly communicated the breadth of the challenges being faced in cyberspace.
 

Foreign Secretary William Hague addresses the London Conference on Cyberspace

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Delegates from around the world gathered in London to debate Cyberspace and its role in the modern world.  The benefits of the 'Net' has helped drive an estimated 21% growth in the economies of countries over the past decade and the newest start-up can now be global at the click of a button.
 
Internet Communications has been revolutionised around the world and has contributed to the developed of vast social networks that cross borders, cultures and interests.  There are now over two billion regular users of the Internet and this is continuing to grow and become ever more mobile as smart devices continue evolve placing the digital world in our hands wherever we are. 
 
With all the opportunities the Net has been a powerful part of the development of communities and business, but there is a darker side.
 

Understanding Cyber attack - a short film

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This short video from the BBC looks at the threat of cyber attack and how measures need to be more widely developed to address the threats.

The London Cyberspace Conference

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International leaders from government and business are meeting in London to discuss cyberspace and how to manage its risks. The UK Foreign Secretary, William Hague, will welcomes participants form around the world including US Secretary of State Hillary Clinton, Swedish Foreign Minister Carl Bildt, and Jimmy Wales, the founder of Wikipedia.
 
Criminals are exploiting the growth of cyberspace. They are using it to extort money, steal identities, ideas and designs, defraud government departments and businesses, as well as exploit the most vulnerable in our societies, particularly children. The annual cost of cyber crime to the global economy could be as much as $1 trillion.

UK retailer at centre of credit card security scare

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Thousands of MasterCard and Visa cardholders affected... 

A UK-based online retailer has been identified as the source of a security breach that has resulted in thousands of MasterCard and Visa holders having their credit cards cancelled this week. 

At least 4,000 UK MasterCard holders are believed to have now been affected by the breach which occurred after hackers gained access to credit card details via the as-yet-unnamed e-tailer. 

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