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October 12, 2017

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File-encrypting ransomware programs are on the rise

File-encrypting ransomware programs are on the rise and companies are increasingly their targets The prevalence of ransomware programs, both those that encrypt data and those that don't, has exploded over the past two years, with companies being increasingly targeted. Based on an analysis by security vendor Kaspersky Lab, more than 2.3 million users encountered ransomware between April 2015 and March, a jump of almost 18 percent over the previous 12 months. The number of users hit by crypto ransomware during the period studied grew 5.5 times to reach more than 700,000, while the number of corporate users in particular who encountered such threats rose from 27,000 to 159,000 -- an almost six-fold increase. Corporate users represented over 13 percent of all ransomware victims between April 2015 to March 2016, nearly double that of the year before. http://www.csoonline.com/article/3088077/security/the-number-of-corporate-users-hit-by-crypto...

Driverless cars in Singapore, cybersecurity guidelines for cars in USA

[For your convenience this is archived at http://cyberandtech.blogspot.sg ] World’s first driverless taxi system comes to Singapore “Self-driving car start-up nuTonomy will help Singapore develop autonomous vehicle capabilities which will reduce greenhouse gas emissions and ease traffic congestion” http://www.eco-business.com/news/worlds-first-driverless-taxi-system-comes-to-singapore New centre for testing and research on driverless vehicles "A new centre for the testing and research of autonomous vehicles was launched yesterday at a business park adjacent to the Nanyang Technological University (NTU). .... Research at Cetran, which will be operational by the fourth quarter this year, will be led by NTU. The centre will have about 30 researchers working on programming and virtual simulation for autonomous vehicles, said Professor Subodh Mhaisalkar, executive director of the Energy Research Institute at NTU, which is spearheading research efforts at the univ...

What Wall Street’s Obsession With Blockchain Means for the Future of Banking

Every intricacy of modern banking is an attempt to answer a fundamental question posed by capitalism: How do we get strangers to trust one another? Let's say Mary, a mother living in New York, wants to wire $1,000 to her son, David, who is studying abroad in Madrid. Upon order, the U.S. bank immediately debits Mary's account and puts the money on hold at the Federal Reserve, which waits to aggregate hundreds of thousands of daily transactions before sending them in a batch to the European Central Bank. The European Central Bank then dispatches the bundle and schedules the distribution of individual transactions to different local banks. After two to four days, David finds the equivalent of $900 appearing in his local account after the deduction of about 10% in administrative and exchange fees charged by every intermediary in the chain. The last time some real innovation occurred was in 1871, when Western Union—a telegraph company—introduced a proprietary system that ach...

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