Cyber attack on Union Bank of India is similar to Bangladesh heist - WSJ

The attempt closely resembled cybertheft last year of more than $81 mn from Bangladesh central bank

A cyber attack on Union Bank of India last July began after an employee opened an email attachment releasing malware that allowed hackers to steal the state-run bank's data, the Wall Street Journal reported on Monday.

The attempt closely resembled the cybertheft last year of more than $81 million from the Bangladesh central bank's account at the New York Federal Reserve, the paper reported.

The opening of the email attachment, which looked like it had come from India's central bank, initiated the malware that hackers used to steal Union Bank's access codes for the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a system that lenders use for international transactions.

The codes were used to send transfer instructions for about $170 million to a Union Bank account at Citigroup Inc in New York.| read more....

6 ways to secure your mobile phone against attackers in 2017 Cyber attacks are a real threat to businesses and individuals alike. 1489153966-8474.jpg BREAKING NEWS | Cyber attacks are a real threat to businesses and individuals alike. In 2015, CNN reported that nearly 1 million new malware threats are released daily. In 2017, these types of cyberattacks are still a threat. Today, most people spend more time browsing the Internet on their phones than they do on their desktop computers, but many people still fail to secure their mobile devices. Keep your phone safe from hackers and cyberattacks with these six security tips.' Software updates can be a pain, but there’s a good reason to ensure your operating system and apps are all up to date. One of the ways hackers get into mobile devices is through holes or bugs in old software programs. Software updates help patch these holes and make it harder for hackers to get in. To keep your phone’s software up-to-date, enable automatic app updates, and be sure to take advantage of any operating system updates your service provider offers. Install an Antivirus App It sounds like a no-brainer, but according to CNBC, only 14 percent of people actually install antivirus apps on their phones. There’s no reason your phone shouldn’t be protected. Free apps like Avast Antivirus and Security will scan your apps and URLs for malware and even allow you to PIN protect private apps. You can also scan Wi-Fi to improve security. The pro version offers more features, as will paid versions of other antivirus apps, but if money is the main factor in going without protection, the least you can do is download a free security app and utilize the simple features it offers. Lock Your Phone It’s another no-brainer when it comes to mobile phone security, but still half of Android users opt out of using a password, PIN, pattern, or fingerprint to secure their mobile devices. You may not think it matters much. Any attacker is going to get in through malware or other types of wireless attacks, right? Wrong. Cell phone thefts are incredibly common. In major cities, up to 40 percent of robberies involve cell phones. It’s possible for these thieves to use the information stored on your device to steal your identity or make fraudulent online purchases. It’s not just about theft, either. Mobile phones are easy to lose, and if the wrong person picks it up, they can use your personal information for their own gain. Locking your phone is just the first step in mitigating your risk of these people accessing your device’s data. Install Software for Lost Devices Another way to reduce your risk of physical attacks if your phone is lost or stolen is to install software that can find your phone as well as wipe the information on it remotely. If you’re on Android, chances are you already have these capabilities enabled. With Android Device Manager, you can locate your lost phone with accuracy up to 20 meters, make it ring, lock the screen, or erase the data, all remotely. You simply have to log in to the Google account associated with your device from another computer to access these features. Avoid Third-Party Apps One of the bigger vulnerabilities with mobile phones is third-party apps. It’s not always clear which apps are safe to use and which ones might be malicious. If you’re using an iPhone, the good news is that you can only download apps from iTunes. Since these apps have been vetted by the iTunes store, there’s a lower risk of downloading a malicious app. That’s not true for Android users. Most apps on the Google Play store should be safe, but Android users don’t have to stick with Google Play. They can download third-party apps at any time, and that puts them at risk. If you decide to install a third-party app, be smart about it and research the app to ensure what you’re downloading is safe. Note: It’s never a smart idea to “jailbreak” your phone to open it to third-party apps since it puts you at risk of even more security vulnerabilities. (READ MORE)

Cyber attacks are a real threat to businesses and individuals alike.

 

BREAKING NEWS | Cyber attacks are a real threat to businesses and individuals alike. In 2015, CNN reported that nearly 1 million new malware threats are released daily. In 2017, these types of cyberattacks are still a threat. Today, most people spend more time browsing the Internet on their phones than they do on their desktop computers, but many people still fail to secure their mobile devices. Keep your phone safe from hackers and cyberattacks with these six security tips.'

Software updates can be a pain, but there’s a good reason to ensure your operating system and apps are all up to date. One of the ways hackers get into mobile devices is through holes or bugs in old software programs. Software updates help patch these holes and make it harder for hackers to get in. To keep your phone’s software up-to-date, enable automatic app updates, and be sure to take advantage of any operating system updates your service provider offers.

Install an Antivirus App

It sounds like a no-brainer, but according to CNBC, only 14 percent of people actually install antivirus apps on their phones. There’s no reason your phone shouldn’t be protected. Free apps like Avast Antivirus and Security will scan your apps and URLs for malware and even allow you to PIN protect private apps. You can also scan Wi-Fi to improve security. The pro version offers more features, as will paid versions of other antivirus apps, but if money is the main factor in going without protection, the least you can do is download a free security app and utilize the simple features it offers.

Lock Your Phone
It’s another no-brainer when it comes to mobile phone security, but still half of Android users opt out of using a password, PIN, pattern, or fingerprint to secure their mobile devices. You may not think it matters much. Any attacker is going to get in through malware or other types of wireless attacks, right? Wrong.

Cell phone thefts are incredibly common. In major cities, up to 40 percent of robberies involve cell phones. It’s possible for these thieves to use the information stored on your device to steal your identity or make fraudulent online purchases. It’s not just about theft, either. Mobile phones are easy to lose, and if the wrong person picks it up, they can use your personal information for their own gain. Locking your phone is just the first step in mitigating your risk of these people accessing your device’s data.

Install Software for Lost Devices

Another way to reduce your risk of physical attacks if your phone is lost or stolen is to install software that can find your phone as well as wipe the information on it remotely. If you’re on Android, chances are you already have these capabilities enabled. With Android Device Manager, you can locate your lost phone with accuracy up to 20 meters, make it ring, lock the screen, or erase the data, all remotely. You simply have to log in to the Google account associated with your device from another computer to access these features.

Avoid Third-Party Apps

One of the bigger vulnerabilities with mobile phones is third-party apps. It’s not always clear which apps are safe to use and which ones might be malicious. If you’re using an iPhone, the good news is that you can only download apps from iTunes. Since these apps have been vetted by the iTunes store, there’s a lower risk of downloading a malicious app.

That’s not true for Android users. Most apps on the Google Play store should be safe, but Android users don’t have to stick with Google Play. They can download third-party apps at any time, and that puts them at risk. If you decide to install a third-party app, be smart about it and research the app to ensure what you’re downloading is safe.

Note: It’s never a smart idea to “jailbreak” your phone to open it to third-party apps since it puts you at risk of even more security vulnerabilities. (READ MORE)