The world turned up to Apple’s launch event this week for news of the new iPhone 6, but CEO Tim Cook ended up showing them something that could turn out to be more important than another smartphone. “Payments are broken,” he said announcing the broad details of Apple Pay, the firm’s entry into the world of contactless payments.
President Obama signed an executive order on Friday to strengthen security on federally issued credit cards and government payment systems, part of a push to protect Americans from identity theft and fraud after several large-scale data security breaches this year.
“You should be able to buy the things that you need without risking your identity, your credit score or your savings,” Mr. Obama said during an appearance at the Consumer Financial Protection Bureau before signing the directive.
The Russian gang behind the obscure Qbot botnet have quietly built an impressive empire of 500,000 infected PCs by exploiting unpatched flaws in mainly US-based Windows XP and Windows 7 computers, researchers at security firm Proofpoint have discovered.
A year or two ago, what the Qbot (aka Qakbot) campaign has achieved in the roughly half dozen years the actors behind it have been operating would have been seen as a major concern. Recently, standards have gone up a notch.
China's military forces will ramp up their cyber security and speed domestic development of software, the country’s state media said in a statement yesterday.
The plan underscores China's increasingly vocal concern that the internet is dominated by Western powers and values.
Forrester Research conducted a data security and privacy survey of North American and European companies in 2013 that revealed that enterprise "insiders" were the leading source of security breaches, with 36% of breaches stemming from inadvertent misuse of data by employees.