Top 10 Stories

Apple and IBM have announced a partnership that will team the two to drive enterprise mobility, with custom applications for iOS.   The move will see IBM sell iOS devices to its corporate clients, and will develop more than 100 industry-specific native apps, built specifically for the iPhone and iPad, according to Mactrast. IBM will also provide iOS-optimised cloud services which will include capabilities such as device management, analytics, mobile integration and security.   Apple...

Google has announced a new team called “Project Zero” to significantly reduce the number of people harmed by targeted attacks.   In its announcement, it said that the success of its security research has led it to create the new, well-staffed team and it is hiring the best practically-minded security researchers, who will spend 100 per cent of their time toward improving security across the internet.   As part of this, it will be transparent...

More than half of banks and other financial institutions do not investigate internet fraud cases, despite reimbursing customers who were victims of cyber crime.   According to a survey by Kaspersky Labs and B2B International, 52 per cent of financial companies around the world, including the GCC, paid back losses incurred by their customers. A third of the companies said they believed the cost due to cyber crime was less than they would need to...

Target has said that of the $61 million in expenses related to the breach during the quarter, $44 million were offset by an insurance payment, bringing the impact to $17 million, according toInsurance Journal.   According to Mark Rasch, a former cyber crimes prosecutor who worked on some of the biggest US payment card breach cases, it was too early to estimate how big the bill would be, but it would certainly be in the...

Staff at a Scottish charity providing vital youth services have hit out at "big brother" web filters that are blocking access to their websites.   After the Open Rights Group revealed that at least 54 registered charities in Scotland have websites which are blocked by one or more of the main UK Internet Service Providers (ISPs), Aberdeen based Alcohol Support, a Dundee equalities project calledDifferent Visions Celebrate that works with Under 25's "who have any issues or...

During a speech at the Farnborough International Airshow on Monday, David Cameron has said a £1.1 billion fund would be essential in protecting the UK's digital economy from “unseen enemies”.   The Prime Minister said that the investment, which was made possible by MOD under-spending in recent years, was a result of a changing threat landscape, according to SC Magazine.   Cameron said that £800 million would be spent on intelligence and surveillance equipment, and...

A scheme which has been skimming funds from Brazilian bank payments over the past two years may be the largest cyber crime heist in history.   According to Bit Community, the amount stolen was around $3.75 billion. The scheme targets a Brazilian payment system called the Boleto, which can be issued online and used for most types of payments in the South American country.   Researchers from RSA said that the fraud scheme first emerged...

The Prime Minister has announced a £1.1 billion investment in the military to tackle new threats to national security.   According to the Telegraph, David Cameron will say that spending on “intelligence and surveillance” equipment, such as drones, is a “national necessity” and warned that Britain faces changing threats in the form of global terrorism and unseen cyber criminals who can target the country from abroad.   “There are those who believe we would be safer...

The US Secret Service has advised the hospitality industry to inspect computers made available to guests in hotel business centres.   Warning that crooks have been compromising hotel business centre PCs with keystroke-logging malware, in a bid to steal personal and financial data from guests, the non-public advisory warned that a task force in Texas recently arrested suspects who have compromised computers within several major hotel business centers in the Dallas/Fort Worth areas.   According to Brian Krebs, the...

A Chinese entrepreneur has been arrested for attempting to steal information on the United States' Lockheed F-22 and F-35 aircraft and Boeing's C-17 cargo plane.   According to the Register, Su Bin and two uncharged Chinese co-conspirators, are alleged to have hacked into Boeing's corporate network as well as those of defence contractors in the US and Europe, to gain information the accused said in an email would help China "stand easily on the giant's...