Banks and Finacial institutions around the world need to remain vigilant of the increased threat today’s cyber attacks pose with SWIFT, the international bank transfer system, leading the warning call.
Apple has emitted an emergency software patch to address the trivial to exploit vulnerability in macOS High Sierra, version 10.13.1, that allowed miscreants to log into Macs as administrators without passwords and let any app gain root privileges. The Cupertino iPhone giant kicked out the fix, Security Update 2017-001, today after word of the bug and methods to exploit it ran wild over the internet.
It’s been a pretty scary year where cybercrime is concerned, with words like ransomware, malware and spyware becoming a part of our daily lexicon. Over 27,000 cyber security incidents were reported in the first half of the year alone-at least one cybercrime reported every 10 minutes-according to the Indian Computer Emergency Response Team. We hate to be the harbingers of gloom and doom, but 2018 is likely to be just as bad according to the recently-released McAfee Labs 2018 Threats Predictions Report.
Akamai Technologies published its third quarter 2017 State of the Internet Security Report, revealing a 30% increase in web application attacks in the third quarter of 2017 in comparison to the second quarter, and a 69% increase in total from the same timeframe last year.