Start your week with these news snippets related to Cyber Security


Fifa World Cup Apps are vulnerable to cyber threats- San Francisco based mobile security company named Pradeo has found that almost all the Euro Sports Apps related to the FIFA World Cup Football are filled with over 63 vulnerabilities each related to Cyber Threat. This includes apps which have been downloaded more than 1000 to 10 million times. It was found in the research that the apps send user’s location to 18 remote servers and collect data via 8 ad libraries. Thus, researchers who dissected the technicalities of the apps say that the apps expose their users to man-in-the-middle attacks and Denial of service attacks. So, all you fans who want to catch the live action of World Cup Football, please beware of these security threats.

Banco De Chile loses millions due to Cyber Attack- Bank De Chile, a commercial banking service provider has admitted that its payment system and money transfer services were hit by a recent cyber attack making it lose millions to hackers due to the incident. A virus named KillDisk is believed to have infiltrated into the banking network earlier this year infecting over 9000 computers and 50 servers related to Bank of Chile. Sources reporting to Cybersecurity Insiders say that the virus created a loophole for the hackers to enter into the network and helped them conduct fraudulent transactions. Later the same Virus is said to have wiped hard drives and left the servers in a non-rebootable state. Ofer Israeli, the CEO of Illustrative Networks said that Lazarus Group of North Korea could have launched the said cyber attack.

Cyber Attack on South Korean Cryptocurrency Exchange Coinrail spooks investors and leads to the downfall of Bitcoin. As soon as the Korean exchange admitted that it was hacked, its investors started selling off the digital coins prompting a downfall of the currency. It is said that the hack news resulted in Coinrail losing around 30 % of coins traded on the exchange. As of now, the trading on the website has been suspended. Currently, BTC is trading at $6,757 down from $7,300 earlier on Sunday.

Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

No posts to display