Security Events in IT World 14-05-2019

1. Globally companies can lose up to $5 trillion on cyberattacks – Cyber attacks can cost companies globally upto $5.2 trillion along with revenue over the next five years, according to a report from Accenture. The threats are expected to range from business operations, innovation and growth, and the expansion into new products and services.
2. C-level executives the latest target of cybercrime – Senior executives are 12 times more likely to be the target of social incidents, and 9 times more likely to be the target of social breaches than in previous years and financial motivation remains the key driver.
3. Top IT firms under threat of cyberattack – India’s leading tech players may be under serious threat from cyber criminals, according to cyber security investigation website KrebsOnSecurity.com.
4. Microsoft issues security alert over cyber attack: Microsoft has alerted some of its webmail users of possible hacker attacks that could access their email accounts illegally. In an email notification to some affected users and it became aware of an issue involving unauthorised access to some customers’ web-based email accounts by cyber criminals.
5. Companies are spying on you through emails – Tracking pixels are usually an invisible image file that measures 1×1 pixel that is placed without your knowledge into an email sent to you. When an email is opened, the tracking pixel–incorporated with a code–will send the data back to the firm’s server, containing all the information including your location where the email was opened, how frequently you opened it, and much more.
6. Cyber-security firms help Bollywood production houses combat piracy – Netflix has tied-up with the Motion Picture Association of America, that acts as the voice of the film and television industry and this move was mainly to fight piracy.
7. Even if Your Password is Not 123456, You Might Still Want to Change it – The authentication that allows you access to your online accounts. Emails, bank accounts, shopping websites, digital payments, video streaming services—you name it, and there usually is a password (or a pin) of some sort that verifies your credentials before allowing access to whatever is in that virtual vault. But users clearly aren’t taking passwords seriously. A recent study suggested that millions were using a password combination as bland as ‘123456’.
8. Hackers steal $41 million worth of bitcoin from Binance cryptocurrency exchange – Hackers stole bitcoin worth $41 million from Binance, one of the world’s largest cryptocurrency exchanges, the company said on Wednesday, the latest in a string of thefts from cryptocurrency exchanges around the world.
9. 50,000 companies exposed to hacks of ‘business critical’ SAP systems – Up to 50,000 companies running SAP software are at greater risk of being hacked after security researchers found new ways to exploit vulnerabilities of systems that haven’t been properly protected and published the tools to do so online.
10. The Latest Threats to ATM Security – A “jackpotting” attack that presents a unique challenge because of its speed, efficacy, and comparative lack of resources required from attackers; and “shimming”, a simple way to steal data from chip-enabled cards.

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