JPMorgan hacked in spring, hackers charged in fall.

Last june in my post “Barclays, Royal Bank of Scotland, HSBC, Lloyds Bank hacked, where I am going to put my money?”  I briefly pointed huge cyber attack against some of the best know banks in the world. (see below).

Wel it looks like things have changes since then as a U.S. prosecutors on Tuesday 10 Nov unveiled criminal charges against three men accused of running a sprawling computer hacking and fraud scheme that included a huge attack against JPMorgan Chase & Co and generated hundreds of millions of dollars of illegal profit.
Let’s see what will be the outcome, always interesting to see how justice responds to the ever changing cyber security challenges.

Barclays, Royal Bank of Scotland, HSBC, Lloyds Bank hacked, where I am going to put my money?

Once again security concerns are in the news:  Hackers targeting users of Barclays, Royal Bank of Scotland, HSBC, Lloyds Bank and Santander have been spotted : they sent 19,000 malicious emails in three days from spam servers worldwide, inviting users to download an archive containing a malicious .exe file.

As of today enterprises and corporations increase dramatically their spendings to secure their network. At the same time, the threat surface available to cyberattackers is continuously expanding as enterprises increasingly rely on web, mobile and cloud applications to drive their businesses. It is a chicken and egg situation.

So it’s not surprising that web and cloud based application attacks remain one of the most frequent patterns in confirmed breaches and account for up to 35% of breaches in some industries, according to the 2015 Verizon Data Breach Investigations Report (DBIR).

According to Help Net Security, Executives at major North American companies believe conventional network security solutions aren’t enough to protect their cloud computing environments, especially when it comes to visibility into impending cyber attacks.  For 66% of them security concerns is a barrier impeding cloud infrastructure deployments ( CloudPassage Survey).

On another hand, what is also quite worrying is the fact that financial services organization say they have policies in place to proactively remediate most of their vulnerability… yet big names like Barclays, RBS, HSBC, Lloyds Bank and Santander are in the news…. Again.

Oh what a bright future for security and cyber security companies!


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