Limbago suggests tech workers in Britain's financial sector may feel the impact, "with Bitcoin surging and the pound dropping.... London's role as the financial hub is now threatened thanks to the Brexit, the rise of digital currencies, and the EU's move toward greater digital integration." And there's also the possibility of "a push for digital sovereignty and greater national control over the Internet." But another poll found that 64% of information security professionals didn't think Brexit would affect Britain's ability to defend against cyber-attacks. Can security professionals continue their inter-nation cooperation, elevating data and security concerns over new administrative differences between Europe and the U.K.?
It's difficult to overstate how much of an effect the emergence of ransomware has had on consumers, enterprises, and the security industry itself. The FBI has been warning users about crypto ransomware for some time now, and has consistently advised victims not to pay any ransoms. Security researchers have been publishing decryption tools for specific ransomware variants and law enforcement agencies have had some success in taking down ransomware gangs.
Enterprise targets now account for 13% of ransomware attacks, with attackers typically charging tens of thousands of dollars, the article reports, and "Recent attacks on networks at the University of Calgary and Hollywood Presbyterian Medical Center have demonstrated the brutal effectiveness of this strategy."
Vitalik Buterin, the co-founder of Ethereum, posted Sunday that "Over the last day with the community's help we have crowdsourced a list of all of the major bugs with smart contracts on Ethereum so far, including both the DAO as well as various smaller 100-10000 ETH thefts and losses in games and token contracts." The list begins by including "The DAO (obviously)," but is followed by a warning that "progress in smart contract safety is necessarily going to be layered, incremental, and necessarily dependent on defense-in-depth. There will be further bugs, and we will learn further lessons; there will not be a single magic technology that solves everything."
The Daily Dot wrote Friday that "Because of the way the code in question is written, Etherum's developers and community have 27 days to decide what to do before the hackers are able to move the money and cash out... What's happening now amounts to a political campaign. But the debate is far from over. The clock is ticking now, the world is watching, and the next step of the cryptocurrency experiment is unfolding under a spotlight burning hotter every day."
The fact that higher education institutions are now being targeted by ransomware is raising serious questions about their ability to protect their data and critical information systems.
IT World Canada has more details, noting that the university has reported the incident to the police, and that Trend Micro "has seen a 20% uptick in malicious requests to command and control infrastructure from infected machines over the last three months" -- several thousand requests a day.
The strangest part of the article is "it is unclear what specific law Mr. Ahmed was breaking, as there are no regulations on digital currencies in Egypt."