Top 10 Stories

With the ever-growing presence of state-sponsored cyberattacks like the massive WannaCry ransomware crisis (linked to North Korea) and the current VPNFilter router attack (linked to Russia), there's a growing concern that these and other smaller campaigns are mere smokescreens for the ultimate terrorist threat - a weaponized cyberattack that is designed to take down key civilian infrastructures and cripple an entire nation. View full story ORIGINAL SOURCE: Komando

The Department of Defense (DoD) faces tremendous challenges in recruiting and retaining trained and experienced cybersecurity professionals. DoD’s problem is part of a larger worldwide shortfall of this high demand resource. According to the Global Information Security Workforce Study sponsored by Booz Allen Hamilton, this shortfall is on track to hit 1.8 million by 2022. View full story ORIGINAL SOURCE: The Hill

The General Data Protection Regulation, which came into effect last month, may cause businesses to pay cyber ransom demands from criminals as they could be a cheaper option than high GDPR fines. George Kurtz, chief executive of ­cybersecurity company CrowdStrike, said that “the price of admission of ransomware just went up” after the introduction of GDPR. View full story ORIGINAL SOURCE: Daily Telegraph

Corporate extortion and ransomware are the biggest security threats facing companies this year. A study of hundreds of chief information officers (CIOs) carried out by Logicalis, the Irish company, also identified application vulnerabilities as a significant worry. The survey, which polled 890 CIOs in 23 countries, including 34 from Ireland, found that just under three quarters of respondents pinpointed corporate extortion and ransomware as the most significant risks to businesses. Attacks targeting corporate systems and...

One in five young adults say they have had their social media accounts hacked at some point, a survey has found. Some 20% claim to have had their social media accounts hacked and more than one in 10 (11%) of these people said they or a friend had lost money as a result. More than two-fifths (43%) of those who had their social media account hacked said they did not know how this had happened,...

Hackers working for the Chinese government compromised a US Navy contractor and stole a massive cache of highly sensitive data, including details about a planned supersonic anti-ship missile, officials said Friday. The hack, reported by the Washington Post, took place in January and February and resulted in more than 614GB of data being stolen. View full story ORIGINAL SOURCE: Gizmodo

Terros Health is warning that about 1,600 patient records were exposed in a data breach earlier this spring. The Phoenix-based mental health and addiction services provider was notified of the breach that occurred in April, and it has been sending letters to affected patients, according to KJZZ.com. View full story ORIGINAL SOURCE: Biz Journals

Spooked crypto investors unloaded $46bn (£34.3bn) worth of cryptocurrencies after the South Korean exchange platform Coinrail announced that it had been hacked over the weekend, prompting bitcoin to drop to a two-month low. Bitcoin prices are currently at $6,757 according to Coindesk, down from around $7,200 earlier on Sunday, which brings this year's bitcoin recession to more than 50 per cent after analysts have had hopes that bitcoin would more than double in value by...

The British exit from the European Union will have a huge impact on cybersecurity in the western world, according to an international writer on the issue. “Britain is the key country which links the intelligence network of the United States, Canada, Australia and New Zealand with the European Union and if Britain goes, that intelligence link goes,” said Misha Glenny, journalist, author and international expert on cyber and information security issues. View full story ORIGINAL...

US authorities have provided more details of two pieces of malware which, they said, are used by North Korean hackers to infiltrate computer systems and steal passwords and other data. View Full Story ORIGINAL SOURCE: ZDNet