Weekly Cyber Security Update: 17th August 2018

This post is a weekly cyber security update for the 17th of August 2018. This post is part of the weekly news series on cybersecurity with content curated by the hackers & experts at Security Brigade.

Second Quarter 2018 Top-Clicked Phishing Email Subjects
The Top 10 Most-Clicked General Email Subject Lines Globally for Q2 2018 include:
1. Password Check Required Immediately (15%)
2. Security Alert (12%)
3. Change of Password Required Immediately (11%)
4. A Delivery Attempt  (10%)
5. Urgent Press Release to Employees (10%)

Top Social Media Email Subjects Phishing Security Brigade

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Hackers Steal $13.5 Million from Indian Bank in ATM Scheme
The Federal Bureau of Investigation (FBI) is warning banks that cybercriminals are preparing to carry out a highly choreographed, global fraud scheme known as an “ATM cash-out,” in which crooks hack a bank or payment card processor and use cloned cards at cash machines around the world to fraudulently withdraw millions of dollars in just a few hours.
According to the FBI alert: “Historical compromises have included small-to-medium size financial institutions, likely due to the less robust implementation of cyber security controls, budgets, or third-party vendor vulnerabilities. The FBI expects the ubiquity of this activity to continue or possibly increase shortly.”
The FBI urged banks to review how they’re handling security, including password requirements and multi-factor authentication for local administrators and business-critical roles.
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Sebi To Expand The Scope of Cybersecurity Initiatives For MIIs
Regulator Sebi is planning to broaden the scope of cybersecurity initiatives for the market infrastructure institutions (MIIs) and look into the operational modalities of their implementation to deal with the cyber challenges.
“Taking cognisance of the threat posed by technological developments in the Indian capital markets. With the rise of cyber threats in the financial domain across the globe, Sebi had laid down a detailed framework about cyber security and cyber resilience that stock exchanges, clearing corporations and depositories are required to adopt,” the regulator said in its annual report for 2017-2018.
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Mamata Banerjee Unveils West Bengal’s IT Policy With a Focus On AI & Big Data Analytics
The new policy revolves around Cybersecurity, Internet-of-Things (IoT), 3D printing, big data analytics, animation and gaming besides, robotics, drones, fin tech, artificial intelligence, Industry 4.0, quantum computing and others.
“West Bengal has surged ahead economically and seeks to leverage IT for social welfare and economic development. The state’s vision is to become one of the leading states in India in the IT, ITeS, ICT (Information and Communication Technology) and ESDM (Electronic System Design and Manufacturing) sectors,” it said. “The policy strives to unlock the vast potential of the IT&E to design a paradigm shift in the sector, all the while fostering social welfare,” it said.
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