For all the concern over cyber warfare and the need to fend off sophisticated state-sponsored hacking attacks, here's a discomforting thought: Apparently all you need to disrupt the world's biggest economy is a stolen Twitter password.
As you know by now, hackers sent out a bogus tweet this week about an explosion at the White House using the Associated Press' account. The Standard & Poor’s 500 Index lost $136 billion in market value on the fake news before recovering.
The US service academies are ramping up efforts to groom a new breed of cyberspace warriors to confront increasing threats to the nation’s military and civilian computer networks that control everything from electrical power grids to the banking system.
Students at the Army, Navy and Air Force academies are taking more courses and participating in elaborate cyber-warfare exercises as the military educates a generation of future commanders in the theory and practice of computer warfare.
As cyber attacks escalate throughout the world, the Obama administration considers the possibilities of a cyber attack against critical infrastructure within the United States and the rules of defense and retaliation in the event of a cyber threat or disaster.
Multiple banks in The Netherlands have lost their control on their infrastructure. iDeal is also one of the victims that feel the damage. It is now a couple of days that they Dutch Banks are having problems with keeping their services running.
Yesterday ING was offline for the whole day and various people were getting a lot of money on their accounts. Some even got millions.
Today the banks told The Netherlands that they are suffering an DDOS attack.
Seriously guys - is a DDOS taking you down?
The emerging conservative US position on cyber warfare could significantly impact Israel’s ability to act aggressively in the future.
If the US and Israel were patting themselves on the backs in the first round of cyber warfare, putting off questions about clear rules of engagement and grappling with possible international law limits, the party is over.
According to Reuters, Shanghai Jiao Tong University is the latest "collaborator" with the PLA to engage in "cyber espionage." The reason was that "Reuters found at least three papers on cyber-warfare on a document-sharing website that were co-authored by university faculty members and PLA researchers," whereas in most developed nations, "university professors in recent decades have been reluctant to cooperate with operational intelligence gathering units."
Reports of a coordinated cyber attack on South Korean banks and broadcasters – along with recent news of Nato’s new manual on cyber warfare – provides yet more evidence that nation-state attacks are increasing in their prevalence. These latest attacks on South Korea, for instance, have immediately provoked suspicion that the attack originated in North Korea due to ongoing political tensions.
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