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Weekly News

Cyber Security News & Trends – 02-01-19

by SonicWall Staff

This week, Collections #2-5 drop over 2 billion stolen logins, Bangladesh is suing a Philippines bank over cybertheft and SonicWall CEO Bill Conner discusses keeping up with the cybersecurity market.

SonicWall Spotlight

Could Cash-Rich Facebook Be Considering Acquisition Targets? – Real Money

  • SonicWall CEO Bill Conner is quoted by Real Money talking about Facebook’s need for cybersecurity acquisitions in a piece that speculates where the company might go next.

Are We Really Aware of What Mobile Malware Is? – VarIndia

  • SonicWall's Debasish Mukherjee is interviewed as part of a panel discussing the mobile malware. He talks about the data SonicWall Capture Labs found on the Android platform throughout 2018.

SonicWall Aims to Build Brand in Critical Two Years – IT Europa

  • Bill Conner, CEO of SonicWall, lends his thoughts to IT Europa talking about the future of the fast-moving cybersecurity market and why not every security company is able to keep up.

Cyber Security News

Hackers are Passing Around a Megaleak of 2.2 Billion Records – Wired

  • After the leak of Collection # 1 earlier in the year Collections #2-5 continue the data dump of hacked records, largely information that has been leaked previously.

Airbus Reports Breach Into Its Systems After Cyber Attack – Reuters

  • Airbus detected a cyberattack which resulted in a data breach of mostly employee data. It says the incident did not affect commercial operations.

What Was the Cybersecurity Impact of the Shutdown? – FCW

  • With the Government shutdown over, the cybersecurity impact is still being worked out. FCW discuss the possible knock-on effects and how long they might last.

IT Spending Expected to Rise in 2019 Amid Shift to Cloud Services – Wall Street Journal

  • Forecasts for IT enterprise spending say there will be an 8.5% growth this year, and overall IT spending is expected to rise 3.2%.

Too Few Cybersecurity Professionals Is a Gigantic Problem for 2019 -

  • There is a global gap of nearly 3 million cybersecurity positions. In the USA alone 314,000 jobs were posted in a one-year period between 2017 and 2018. Cybersecurity training itself is a new area and almost no cybersecurity professional over 30 today has a formal cybersecurity degree.

Bangladesh to Sue Philippine Bank Over $81M Cyber Heist – Security Week

  • A digital heist in 2016 led to the successful theft of $81 million from the Bangladesh central bank's account with the US Federal Reserve. Bangladesh is now attempting to retrieve the funds by suing the Philippines bank that facilitated the transfer. The Federal Reserve denies that it was hacked.

Massive DDoS Attack Generates 500 Million Packets per Second – Dark Reading

  • A DDos attack on Github in 2018 made headlines as the biggest ever DDos attack, but it was only a quarter of the size of the attack stopped earlier this month.

Cryptocurrency Thefts, Scams Hit $1.7 Billion in 2018: Report – Reuters

  • Cryptocurrency theft rose 400 percent in 2018, with up to $1.7 billion stolen by the end of the year. $950 million of this was theft from cryptocurrency exchanges and digital wallets.

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