Tag Archive for: hacking

CompoSecure releases Arculus solution to reduce fraud and online hacking


US-based card manufacturer CompoSecure has launched Arculus, a business solution to protect customer data and prevent fraud.

Working with Nok Nok Labs, CompoSecure has developed this FIDO-enabled ‘internet ID and payment card’ technology as a virtual key for the authentication of a user into almost any digital service (website, mobile app, digital payment, social media, etc.).

Ecommerce is a primary use case for Arculus, as global retail sales are expected to reach USD 4.9 trillion this year, according to the press release. The Arculus multi-factor identity authentication can stem the flood of payment fraud that happens every year, which is estimated to cost merchants USD 40.62 billion in losses by 2027, according to data put forth by the company in the press release.

Arculus expects to integrate its digital security technology into a business’ legacy payment platform, providing key-based security.

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Most of auto industry, including vehicles themselves, vulnerable to hacking


As cyber threats increase, automakers and regulators are scrambling to safeguard an automotive industry as interconnected as the vehicles being produced.

A wave of thefts of luxury vehicles in Ontario shows that hackers are finding openings. In Ottawa, nearly one of every four stolen vehicles is a Lexus or high-end Toyota, taken by thieves who hack the vehicles and then drive those vehicles to Montreal for shipment across the world, say police. The thefts have prompted increases in security.

But while those thefts get attention, security experts warn that much of the industry’s exposure lies below the surface.

“People need to be aware that it’s possible to hack a vehicle, to hack the infrastructure, to hack manufacturers and their supply chains — that’s all possible to do right now, today,” said François Couderc, a Quebec City based cybersecurity specialist with the defence contractor Thales Group.

Companies are reluctant to say they’ve been hacked, fearing repeat attacks and customer and shareholder anxiety, Couderc said.

However, nearly one-third of suppliers responding to a survey by KPMG and the Automotive Parts Manufacturers’ Association (APMA) reported suffering a cyber breach in the past year. Phishing attacks — in which an employee clicks on an email link that spreads malware throughout a poorly secured network — are an easy way in.

“Given the move to people working remotely, given the move to working in the cloud, this didn’t surprise me,” John Heaton, a partner in KPMG’s cybersecurity practice, told Automotive News Canada.

More concerning, Heaton said, was a finding that just 32 per cent of respondents have an enterprise-wide cyber strategy. In an intertwined industry with its vast range of entry points, trouble can spread fast.

‘A LOT OF PLACES TO ATTACK’

“It’s a global market,” Heaton said. “You source globally, and you’ve got a supply chain that is quite transparent. The [automaker] shares with the Tier 1, who shares with the Tier 2 … but that sharing of data and that [vehicle] product, which is ultimately a moving computer, creates a lot of places to attack.”

A “Closing the Cybergap” plan issued in February by…

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Hacking the World – Part 4: The Cost and Future of Hacking (Plus: Safety Tips)


Each week in October, as part of Cybersecurity Awareness Month, we’ll publish an article packed with facts and stats, to give you an in-depth look at the state of cybersecurity in today’s world. We’ll start with the basics, then cover vulnerabilities, risks, costs – and much more.

We finish our four-part Hacking the World serie with two key questions: how much does hacking cost the world at large, and what’s coming up next? We’ll cover some of the biggest, costliest data breaches and then take a peek at what the future holds for hacking. To round out your read, we’ve also compiled a few basic cybersecurity tips, to help keep you cybersafe.

Before looking ahead, a reminder that we’ve covered the basics, what’s being hacked (with Covid updates), and the who and where of hacking. For a refresher of key hacking terms and definitions, read our helpful cybersecurity glossary from Part 1.

Jump to a section below, or read on:

The Cost of Hacking

The Future of Hacking

Safety Tips to Prevent Cyberattacks

The Bottom Line

The Cost of a Breach 

Data breaches cost time and money. Lots of it.

In addition to covering the immediate damages of a cyberattack, companies must pay out compensation and data protection fines, all while investing in cybersecurity systems. The downtime and consequently lost business of a breach add substantial costs too.

The Growing Cost of Cybercrime

The monetary damages of cybercrime are already sky-high and they’re only heading in one direction.

More and more, businesses are turning to digital solutions. Expect cyberattacks to advance in complexity and regularity as companies pursue fresh web-based systems and cybersecurity departments play catch-up.

Top 10 Costliest Breaches

It’s only right that we take a look at some of the most financially devastating breaches of all time. 

The costliest breach on this list is Equifax, though, when we dig into the numbers, data breach costs can be somewhat of a grey area.

Sometimes costs are not completely disclosed or are not entirely calculable. Experts predicted that Epilson’s data breach could reach a whopping $4 billion, for example, while the Marriott breach may have cost closer to $1 billion…

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Missouri Governor and F12 Hacking, Global Ransomware Meeting, Fake Government Websites


Details on the F12 “hacking” incident of the Missouri state education website and the foolish response from the Missouri governor, Over 30 countries (except China and Russia) meet to fight ransomware globally, and the FBI’s warning about fake unemployment benefit websites.

** Links mentioned on the show **

DevOps Experience

Gov. Parson promises ‘swift justice’ to person he says hacked Mo. Dept. of Education website
https://krebsonsecurity.com/2021/10/missouri-governor-vows-to-prosecute-st-louis-post-dispatch-for-reporting-security-vulnerability/
https://twitter.com/GovParsonMO/status/1448697768311132160?s=20

Over 30 Countries Pledge to Fight Ransomware Attacks in US-led Global Meeting
https://thehackernews.com/2021/10/over-30-countries-pledge-to-fight.html

FBI warns of fake govt sites used to steal financial, personal data
https://www.bleepingcomputer.com/news/security/fbi-warns-of-fake-govt-sites-used-to-steal-financial-personal-data/

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Click Armor

To find out how “gamification” of security awareness training can reduce cyber risks related to phishing and social engineering, and to get a free trial of Click Armor’s gamified awareness training platform, visit: https://clickarmor.ca/sharedsecurity

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