Cybersecurity – Industry News

Cyber security entrepreneurs: balancing secrecy and publicity

As an address, “Nimrod House, Enigma Business Park”, seems particularly ap­pro­p­riate for a company in­vol­ved in encryption and secure communications for the British military. A German Enigma machine was used by Allied codebreakers to decipher intelligence in the second world war, while the Nimrod was a UK maritime surveillance aircraft in the cold war. In fact, Deep-Secure is based in Malvern, and the names relate to the music of Sir Edward Elgar, who had deep associations with the rural Wor­cestershire hill town. “We’re surrounded by ironies,” says Robin King, chief executive, who moved Deep-Secure to Malvern because of the cluster of cyber security companies already in the town, including Qinetiq, the privatised arm of the UK government’s Defence Evaluation and Research Agency. [Read more…]  

Hacker says to show passenger jets at risk of cyber attack

yber security researcher Ruben Santamarta says he has figured out how to hack the satellite communications equipment on passenger jets through their WiFi and inflight entertainment systems – a claim that, if confirmed, could prompt a review of aircraft security. Santamarta, a consultant with cyber security firm IOActive, is scheduled to lay out the technical details of his research at this week’s Black Hat hacking conference in Las Vegas, an annual convention where thousands of hackers and security experts meet to discuss emerging cyber threats and improve security measures. [Read more…]  

Cyber Security Insurance Difficult for Business to Navigate

Cyber insurance is now booming, with about 50 carriers in the industry. An increasing number of companies have cyber insurance to protect against cyber crime. However, businesses claim it’s not easy to get adequate coverage. Losses from data breaches are difficult to quantify. The tangible losses are more easily insured, says a New York Times online report. When it comes to a data breach, there are often related losses such as reputational damage and loss of customer loyalty that are harder to quantify. [Read more…]  

US House Passes Cybersecurity Bill Ahead of Summer Recess

Congress is now on summer break, more rallying votes and raising money than traditional R & R. But before the House headed home, they actually agreed to do something — about threats to cybersecurity. It’s a bill co-sponsored by Rep. Pat Meehan (R-Pa.), whose district covers most of Delaware County along with portions of Chester, Montgomery, Berks, and Lancaster counties. [Read more…]  

Cyber Spooks Are in Demand at Investment Banks

The financial sector is looking to bolster its ranks in the war against cybercrime. Banks, including JP Morgan, Citigroup and Bank of America Merrill Lynch have cyber security intelligence roles currently advertised on their websites, while a City of London headhunter said a number of large European banks are also looking for candidates to help identify and counter threats to their cyber security. Citi, for instance, is recruiting for a ‘Cyber Security Fusion Center Core Team Data Analyst,’ whose job is to actively monitor and research cyber threats. JP Morgan is looking for a ‘Cyber Threat & Intelligence Senior Technical Analyst’ to conduct “deep dive technical analysis of cyber-attack tools, tactics, and procedures,” and regularly develop and produce written intelligence reports and white papers. To get the job, the candidate would need to have experience in a “large, mission-critical environment,” and have experience in “network intrusion methods.” [Read more…]    

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