INTELDROP 05 March 2016 [Cyber]

password

Cyber Technology and Security Correspondent – Max Kobrak

Research Finds Weak Password Policies In Banks

1 March 2016

Security Magazine (TROY, MI) – Researchers from the University of New Haven conducted a study of 17 major banks, nearly a third of which had inadequate password handling and procedure. The research found six banks, including Wells Fargo, Capital One, and Citibank, did not make user passwords case sensitive. A six-digit password (letters only) which is not case sensitive has 308.9 thousand possible combinations, while a cases sensitive password has 19.8 million; the higher the number of combinations, the more secure the password. The security flaw may affect as many as 370 million people who use online banking. Source: http://www.securitymagazine.com/articles/86965-research-finds-bank-password-policies-often-weak (Reliability: High)

strength test: http://www.passwordmeter.com/

combination test: http://projects.lambry.com/elpassword/

European Union Releases Draft Of EU-U.S. Privacy Shield Agreement

1 March 2016

E-Commerce Times (U.S.) – On 29 February, the European Commission released details of a privacy agreement with the U.S. The agreement, which will replace the previous Safe Harbor laws, aims to protect the privacy of EU citizens by forcing companies to maintain high data protection standards on data transfers between the EU and U.S. The previous Safe Harbor Laws allowed U.S. companies to self-certify and many did not adequately protect data. The standard will be enforced in part by a regulation mechanism through the State Department. Source: http://www.ecommercetimes.com/story/83177.html (Reliability: Moderate)

Cyber Attacks On Australian Businesses Are Increasing

2 March 2016

AFR (MELBOURNE) – A survey conducted by PWC, an auditing and information management company, revealed cyber-attacks on Australian corporations have more than doubled in the last 12 months. The increase is likely due to Australian companies not investing enough into cyber security to keep up with global standards. PWC identified lacking communication between various cyber-security and intelligence entities as the most important weakness. Source: http://www.afr.com/brand/chanticleer/cyber-attacks-on-australian-business-are-rising-20160302-gn8ufx (Reliability: Moderate)

Amazon Devices Now Extremely Vulnerable

3 March 2016

CNET (U.S.) – Amazon revealed that it had stopped encrypting its mobile devices at a security conference in San Francisco. Amazon’s latest operating system, Fire OS 5, no longer supports device level encryption. The news shocked many cybersecurity experts because device level encryption prevents anyone from accessing data without a password, including law enforcement and cyber criminals. Without the encryption, Amazon devices are essentially “sitting ducks” to hackers. In contrast, Google and Apple push to include device level encryption in their products. Source: http://www.cnet.com/news/not-in-my-house-amazons-unencrypted-devices-a-sitting-target-cybersecurity-experts-say/ (Reliability: Moderate)

Breakthrough In Quantum Entanglement

3 March 2016

Homeland Security Newswire (MINEOLA, NY) – Researches at the University of Vienna have made a breakthrough in quantum physics by entangling multiple photons. Quantum entanglement is a phenomenon in physics where particles are put into a state in which one cannot be changed without the others changing in kind. Instead of a secure point A to B communication that traditional quantum entanglement creates, this breakthrough will allow communication with multiple parties. This research will likely contribute to the creation of a quantum internet. Source: http://www.homelandsecuritynewswire.com/dr20160303-three-twisted-photons-in-3-dimensions-for-quantum-encryption  (Reliability: High)

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