climate and comms

Mary Meeker informs us that there are now 1.1bn  Smartphones  (17% of all mobile phones) and these are driving Internet growth with a total of 2.4bn people now connected to the Internet. Mary Meeker Internet trends The universe for hackers just grows and grows.    One of the most lethal of these attacks is Zeus (ZITMO) – which is aimed squarely at Smartphones. The Zeus attack is an example of several attacks now being launched that are based wholly on anticipated behavior, especially as it relates to social media, single-sign-on and BYOD. A sophisticated Zeus campaign stole an estimated €36 million, or $47 million, from over 30,000 customers across more than 30 banks in Europe this summer. The Eurograbber campaign, as it has been named, used custom versions of Zeus and Zeus in the mobile (ZITMO) Trojans to bypass the two-factor authentication measures to compromise customer bank accounts, Darrell Burkey, director of IPS products at Check Point Software Te...

Not a good week for NatWest innovative banking services.  NatWest Get Cash fraud   ( Get Cash Pulled ) A combination of a simple phishing attack and a fundamentally insecure service led to many users of the Get Cash service ( a sub set of the NatWest mobile banking app – powered by Monitise) being defrauded of cash from their accounts.    The system allows users to get cash from an ATM by keying in a ‘secure cash code’ into the terminal.    The assumption is that once you have logged in to your app you are legit and so you ping the system for the code.   A user name and password level of security – that’s it!.   No better than 99% of all apps on the Net today.    Needless to say the service was shut down once the fraud started becoming rampant.    Does the drive for customer convenience completely outweigh basic security rules. ?   The problem with this kind of solution and others that rely on the presentation ...

DropBox is flying as a company.  More and more of us are entrusting our data to their servers in the Cloud.    I am one of those.  The service is great, it works and it works from multiple devices.  However there is just one thing.  It is not secure.  Read about their latest breach here. ( http://www.zdnet.com/dropbox-gets-hacked-again-7000001928/ )  and also here ( http://gigaom.com/cloud/dropbox-yes-we-were-hacked/ ) I have been going on about passwords and their manifest weakness for months here and in other media.   DropBox have come back to their customers saying that they promise to do more – better passwords – better security …..blah blah blah. So what kind of solution should they use? Well first of all they have millions of customers.  So whatever they go for is going to have to be easy to deploy and should not require the distribution of some kind of hard token OTP generator a la all of...

You would be forgiven for thinking that perhaps most people have become somewhat nonchalant about online security and that the prevalence of hacks has made most of us somewhat immune to the dangers.    Indeed I would say that some sites have become almost cavalier about their attitude to their member’s security.  The recent hacking of LinkedIn certainly did not elicit the kind of response I would have expected, indeed hoped for,  as a member.   I get the impression that it was something of an irritant that they hope won't come again – and are certainly not bothering with beefing up security.  Far too much hassle.   So is their reaction reflective of their members lack of interest – I think not,  as one of their members has tried to sue them for failing to provide adequate security.  ( http://articles.latimes.com/2012/jun/21/business/la-fi-tn-linkedin-5-million-hack-20120621 )   LinkedIn have said that they will salt their passwords...

I am constantly amazed at the lassez faire attitude that the majority of businesses, large and small, have about their online security.  Those that require their users / members to log on will provide a user name and password log in to verify their identity – and that’s it.  I suppose that if the large players like Amazon and iTunes can get away with it then the smaller guys think that’s all they need to. The reality is that if the big boys get a hit – they have the firepower to deal with it.  But SME’s just need one bad hack and they are out of business.    2011 is going down as the year of the ‘Hack’ (  http://www.infosecurity-magazine.com/view/22481/year-of-the-hack-/?utm_source=twitterfeed&utm_medium=twitter)  with many high profile victims like SONY, RSA and Epsilon losing millions of their users personal information.    Despite this there seems to be the attitude that ‘ it cant happen to me’ .  ...

In many countries around the World, access to the Internet is seen as a basic right, and so it should be.    Those countries which have done so to date include :  Estonia, France,  Spain,  Greece  and Finland,  which was actually the first to do so in June 2010.  ( http://www.publicserviceeurope.com/article/642/internet-access-should-be-a-human-right)  I In fact the United Nations recently declared Internet access as a human right. ( http://www.itproportal.com/2011/06/04/un-declares-internet-access-as-a-human-right/ ) Obviously the next challenge is to build the infrastructure and provide the means of access.    But that is the subject of a separate discussion. So the “World”  has woken up to the importance of closing the digital divide and has also realized the importance of the Internet, and access to it,  to the functioning of society.   Amongst the many momentous events of the last twelve months ...

The recent attack (it seems by Anonymous) on SONY which compromised the personal details of almost 100m of their gaming customers has caused massive damage to the SONY brand.   According to Interbrand in 2009 SONY’s brand value was $12bn.   You can safely assume that it will have taken a hit in the order of billions of dollars.  ( This excludes any legal action and the resultant loss.)  The same could be said of Epsilon and RSA who like SONY did not have a major financial breach but their good names have been severely compromised.   The loss to brand value as well as enterprise value could be massive due to the loss of future business.    (There is a report circulating citing research done on RSA’s customers of whom more than half stated that they would not be renewing their contracts. )    If not obvious before,  then now,  executives charged with the stewardship of large valuable corporations must r...