Top 10 Stories

DUTCH RESEARCHERS have discovered a way of cracking AES-256 encryption using reasonably cheap gear and wireless tech. Fox-IT explains that it, and an other company called Riscure, have created a new method for slurping up security that is enabled through proximity and relies on the monitoring of electromagnetic signals in what is known as a side channel attack. View Full Story ORIGINAL SOURCE: The Inquirer

Despite an overall drop in general malware detection for the quarter, Linux malware made up more than 36 percent of the top threats identified in Q1 2017. This attack pattern demonstrates the urgent need for heightened security measures to protect Linux servers and Linux-dependent IoT devices, according to WatchGuard Technologies. View Full Story ORIGINAL SOURCE: Help Net Security

Fears have been raised that Britain’s largest ever warship could be vulnerable to cyber attacks after it emerged it appears to be running the outdated Microsoft Windows XP. As HMS Queen Elizabeth left its dockyard for the first time to begin sea trials, it was revealed the £3.5billion aircraft carrier is apparently using the same software that left the NHS exposed. View Full Story ORIGINAL SOURCE: The Telegraph

Companies and investment funds are adding an extra layer of scrutiny to acquisitions by screening targets for cybersecurity risks, as global computer attacks raise awareness. That’s prompting offers specifically tailored to takeovers by a variety of players, from consultants like Deloitte LLP to software providers including Intralinks Holdings Inc. View Full Story ORIGINAL SOURCE: Bloomberg

There has been a sharp increase in the number of policyholders - mainly companies - taking out cyber insurance, which compensates losses caused by cyber attacks. The number of victims whose personal information was stolen last year from companies and other entities rose by more than 10 million from the previous year. The estimated compensation paid by the affected companies also increased to nearly 300 billion yen (S$3.74 billion). View Full Story ORIGINAL SOURCE: Strait...

Thwarting the encryption of terrorist messaging is priority number one between the so-called ‘Five Eyes’ intelligence alliance. The alliance, which comprises of Australia, Canada, New Zealand, the United Kingdom, and the United States, will meet in the Canadian capital of Ottawa on Tuesday. View Full Story ORIGINAL SOURCE: SBS

Concerns over the threat posed by cyber-attacks on power stations and electricity grids is “off the scale” in the UK energy sector, according to a leading industry figure. No other country in the world has an energy industry as worried about the risk from cyber threats, such as the WannaCry ransomware attack that recently hit the NHS, the former chief of National Grid told the Guardian. View Full Story ORIGINAL SOURCE: The Guardian

Up to 90 email accounts were compromised during the cyber-attack on Parliament on Friday. Fewer than 1% of the 9,000 users of the IT system were impacted by the hacking, said a parliamentary spokesman. The hack prompted officials to disable remote access to the emails of MPs, peers and their staff as a safeguard. View full story ORIGINAL SOURCE: BBC

Shopping is fast becoming an online activity, but Westfield has a plan to keep consumers coming back to its two London facilities. View Full Story  ORIGINAL SOURCE: Silicon UK

An online fraudster has been jailed after pocketing nearly £100,000 by exploiting a glitch in his online banking platform. View Full Story  ORIGINAL SOURCE: Info Security Magazine