Top 10 Stories

Volkswagen has teamed up with cybersecurity experts to establish a new company dedicated to automotive security. On Wednesday, the German automaker said that the new company, dubbed Cymotive, is the result of the efforts of Volkswagen and three Israeli cybersecurity experts. Led by Yuval Diskin, Tsafrir Kats and Dr Tamir Bechor, the new company will "develop advanced cyber security solutions for next-generation connected cars and mobile services," according to a press release. View full story...

It's not every day you walk into a tech conference in San Francisco to find a propaganda video for the Islamic State playing on the screens.Two counterterrorism experts from Washington, DC, were opening the CloudFlare Internet Summit by talking about the use of social media by terrorist groups and what could be done to counteract them. It's a conversation that is had on the East Coast all the time, but not so much in Silicon...

UK firms are still grappling with significant gaps in their cyber security knowledge, with research revealing more than one-third (35.4%) do not know how much an attack against their systems would cost them.  According to Marsh’s UK Cyber Risk Survey Report 2016, organisations are developing a keener awareness of cyber security risks, with 83.8% of respondents claiming to have a basic-to-complete understanding of the threats posed to their business. In the 2015 version of the report,...

A newly-outed trojan is exploiting iOS and Android devices, ripping iCloud credentials abusing the trusted link between phones and PCs, says Palo Alto security researcher Claud Xiao. The attack appears to have failed in most circumstances, thanks to iOS' sandboxing security controls, hardened modern Android operating systems, and the overt nature of the attack, and will flunk in all current attacks given the expiration of a certificate. Xiao (@claud_xiao) says the DualToy malware targets Windows...

Cleartext passwords, real names and user names, email addresses plus and IP addresses for 2.2 million users of cash-for-surveys site ClixSense have been dumped online, with a further alleged 4.4 million up for sale. The records also include the pay outs the site has handed each breached user, Australian researcher Troy Hunt says. Clixsense administrators disclosed the breach to users saying hackers compromised servers for "a short period of time", copying all user tables, setting...

Linux users have yet another trojan to worry about, and as always, crooks are deploying it mostly to hijack devices running Linux-based operating systems and use them to launch DDoS attacks at their behest. Dr.Web security researchers, the ones who have discovered this threat, say the trojan seems to infect Linux machines via the Shellshock vulnerability, still unpatched in a large number of devices. The trojan, going by the generic name of Linux.DDoS.93, will first...

Resilient CTO Bruce Schneier discovers rise of sophisticated DDoS attacks. Hackers are probing the defences of critical internet infrastructure providers in what could be the beginnings of a campaign to take down the internet, according to a leading cyber security expert. Bruce Schneier, Chief Technology Officer at Resilient and security blogger, wrote in a post on his site that major firms were being hit by “probing” attacks: attacks designed to test their defensive capabilities. Companies had...

Hackers allegedly from Russia have released more athletes' medical files stolen from the World Anti-Doping Agency (Wada). The athletes include British cyclists Sir Bradley Wiggins, the country's most-decorated Olympian, and three-time Tour de France champion Chris Froome. There is no suggestion the athletes are involved in any wrongdoing. The records released by the group calling itself "Fancy Bears" mostly detail "Therapeutic Use Exemptions" (TUEs) allowing banned substances to be taken for athletes' verified medical needs....

Around 324,000 users have likely had their payment records stolen from global online enrolment platform, Regpack. The data breach was initially reported on July 10. View full story ORIGINAL SOURCE: The Hacker News

A Turkish hacker group has allegedly tried hacking into the National Bank of Austria after reportedly being behind an attempted cyber attack at Vienna airport two weeks ago. The hackers’ collective, which goes under the name of Aslan Neferler, said the cyber attacks on Austrian institutions are revenge for Austria’s "anti-Turkish political stance". They claimed responsibility for two DoS-attacks on Friday night, when most of the bank's IT-technicians were not working. By sending five million emails per...