Security Events in IT World 29-05-2017

1. Why Are Health Records So Valuable to Cybercriminals? Stolen electronic health records can be used to acquire prescription drugs, receive medical care, falsify insurance claims, file fraudulent tax returns, open credit accounts, obtain official government issued documents such as passports driver’s licenses, and even create new identities. Another important statistic that helps explain why cybercriminals are attracted to electronic health records data is that 91 percent of the U.S. population has health insurance. It’s no wonder, then, that 113.2 million healthcare related records were stolen in 2015.

2. India third worst hit nation by ransomware Wannacry – Over 40,000 computers affected in India. India was the third worst hit nation by ransomware WannaCry as more than 40,000 computers were affected even though no major corporate or bank reported disruption to their activities raising doubts whether these entities are disclosing attack at all. Corporate world was back on its feet across the globe after more than 2 lakh computers were affected by the virus and the follow-up attack did not materialize as feared.

3.Why Every Indian Organisation Must Know How To Prepare – India ranks third globally as a source of malicious activities and its enterprises are the sixth most targeted by cybercriminals. With governments and enterprises increasingly leveraging the internet for mission-critical applications, cyber security continues to remain an urgent imperative in an increasingly digital world. Unfortunately, India Inc.’s response to cyber risks has not been robust. India ranks third globally as a source of malicious activities and its enterprises are the sixth most targeted by cybercriminals.

4. 83.5 per cent kids from 6-18 years active on social media – A whopping 98.8 percent of children in urban areas are using internet and 54.6 percent of those use “weak passwords” – with only alphabets or numbers and which are less than eight characters. Additionally, 54.82 percent children share their passwords with their friends, family or relatives, hence creating a threat to their digital security.

5. Two Indonesian hospitals, German rail operator affected – At least two of Indonesia’s major hospitals have been struck in the “ransomware” cyber attack that infected computers globally. Dharmais Hospital and Harapan Kita Hospital in Jakarta are affected by the ransomware. Germal rail services were not disrupted but some electronic boards at stations announcing arrivals and departures had been affected. Pictures posted online by travellers showed red windows appearing on announcement boards with a message demanding a cash payment to restore access.

6. Russia Dismantles Major Cybercrime Operation Targeting Bank Accounts via Android Malware – Authorities dismantled a major cybercrime gang that had stolen nearly $900,000 from bank accounts after infecting more than one million Android smartphones with a Trojan. They used Android banking Trojan dubbed “Cron,” that had been distributing it disguised as Viber and Google Play apps.

7. North Korea Denies Role in Global Cyberattack – North Korea dismissed reports linking its isolated regime to the global cyberattack that held thousands of computers to virtual ransom. Up to 300,000 computers in 150 countries were hit by the WannaCry worm, which seizes systems and demands payment in Bitcoin to return control to users.

8. Flaw in Intel Chips Could Open Door to Botnet Armies – A 7-year-old flaw in Intel chips could enable hijackers to gain total control of business computers and use them for malicious purposes. The Intel AMT (active management technology) vulnerability is the first of its kind. Attackers could take advantage of the flaw to get full control over business computers, even if they were turned off, provided they were plugged into an outlet.