Under Attack – ICD Brief 108.

ICD Brief 108.


Today millions honored the fallen on this 100th anniversary of the end of World War I. This monument is in the town of Le Mesnil-Amelot near the airport hotel where I moved to avoid missing my plane this afternoon.

The emphasis this week is on a world contemplating attack and rushing to prepare. Our Feature is a study by Microsoft of The Growing Menace of Cyber Attacks in the Asia-Pacific Region.


After No Obvious Voting System Compromises in Midterms, US Cybersecurity Officials Look to 2020

“An unprecedented federal and state collaboration to defend election systems against Russian interference ended with no obvious voting system compromises, although it’s not entirely clear why.”

Microsoft Wants to Work with Trump and Congress on Cybersecurity

“Microsoft wants to work with Congress to establish cybersecurity measures for civilians, the company’s president told CNBC Wednesday. Speaking to CNBC at the 2018 Web Summit in Lisbon, Portugal, Brad Smith said Microsoft wanted to address the “fundamental question” of safeguarding the population against cyber threats — but he said the outcome of the midterm election would not hinder that mission.”

US Banks Prepare for Iranian Cyberattacks as Retaliation for Sanctions

“As the United States reinstated economic sanctions on Iran on Monday, American banks were gearing up for retaliatory Iranian cyberattacks. Bank executives believe Iranian hackers could attempt to disrupt financial services, perhaps as they did between 2011 and 2013 — with denial-of-service attacks that interrupted bank websites and other internet financial services.”

US Accuses China of Violating Bilateral Anti-Hacking Deal

“China has been violating an agreement with the United States aimed at stopping cyber espionage through the hacking of government and corporate data, a senior U.S. intelligence official said on Thursday.”

DHS Head: “Relentless Resilience” Will Drive Collaboration on Cybersecurity

“As the Department of Homeland Security continues to change the way it handles various cyberthreats the U.S. faces, the agency’s head said it’s focusing on making essential functions provided by critical infrastructure sectors more resilient.”


Here’s What You Need to Know About the Austal Cyber Attack and Extortion Attempt

“Western Australian-based Austal announced to the stock exchange that an unknown offender had targeted its data management system. Federal authorities are now investigating who was responsible for the hack and the full extent of information gathered.”


Security: After Estonia’s ID-Card Train Wreck This Identity App Is Taking Baltics by Storm

“A year ago Estonia was embroiled in its ID card crisis. The hardware behind the ID cards that serve as a cornerstone of the Baltic country’s e-state was found to be vulnerable to attack.”


The New China Cybersecurity Inspection Regulation Broadens PSB Authority

“On November 1, 2018, China’s new “Regulation on the Internet Security Supervision and Inspection by Public Security Organs” (公安机关互联网安全监督检查规定) will take effect. Passed by China’s Public Ministry of Public Security (MPS) on September 30, 2018, it is the latest regulation that implements China’s Cybersecurity Law (CSL), which took effect in June last year.”


Cybersecurity High on European Commission Agenda

“For the future, the commission has made proposals for the next budget cycle to step up the funding support in cyber security for research and innovation through the Horizon Europe programme and the new Digital Europe programme, with an overall budget of €9.2bn.”


Natixis Investment Summit: Shaping the New Geopolitical World Order

The Natixis Investment Managers Summit took place November 6, 7 in Paris. It brought together 70 global experts and 500 senior leaders from finance, business, policy, and academia. The invitation only event opened with a dialogue between former Colombian President and Nobel Peace laureate Juan Manuel Santos and Prince Zeid Ra’ad Al-Hussein, former U.N. High Commissioner for Human Rights. Its closing panel brought together former Italian Prime Minister Matteo Renzi, French President Nicolas Sarkozy & German Chancellor Gerhard Schröder.


Cybersecurity Threat in Germany Rises to a New Level

“On October 11, 2018, the German Federal Office for Information Security (Bundesamt für Sicherheit in der Informationstechnik, “BSI”) published its annual Report on the State of IT Security in Germany 2018 (“Security Report”). The Security Report shows an alarming increase in cybersecurity attacks against state agencies, critical infrastructure, and private companies, as well as against individuals, during the reporting period of July 1, 2017 to May 31, 2018. In its press statement from the same date, the BSI noted that “the combination of new attack quality and increasing digitalization raises the threat situation to a new level.”


Education Program Trains Teen Girls for Cybersecurity Jobs

“CyberGirlz, a program that prepares Israeli teens to enter the cutting-edge field of cybersecurity, aims to close the gender gap in an industry where women only make up 11% of the workforce; program founder: ‘if we want equal representation, then we need to start at a young age.”


“Japan and the 10 members of ASEAN will create a dedicated website for sharing information on cyberattacks, enabling the rapid dissemination of material related to techniques and effective responses.”
“A cybersecurity subsidiary of Japan’s Nomura Research Institute (NRI) unveiled a new blockchain security alert tool in a press release Nov. 8, also confirming a partnership with U.S. blockchain software company ConsenSys.”



ITU to Set Standards for 5G Next Year

“The standard for Fifth Generation mobile technology (5G) will be set by the International Telecommunication Union (ITU) by the end of next year.”


“The need for cybersecurity community support has brought together an impressive line-up of speakers from the North Atlantic Treaty Organization (NATO), Mastercard, U.S. Cyber Command, the Defense Information Systems Agency, Momentum Cyber, and the Coast Guard to share offensive and defensive network security strategies and insights with the satellite industry at the 2018 CyberSat Summit, taking place Nov. 14-16 at the Sheraton Pentagon City Hotel [Virginia].”


“The US sees Poland as a regional leader in the area of cybersecurity, and the work carried out by Poland and the US will lead to EU security, emphasised US Secretary of Energy Rick Perry at a briefing after the end of a US cybersecurity training.”


“The foreign ministers of Russia and Spain say they agreed to establish a joint cybersecurity group to keep the malicious spreading of misinformation from damaging relations between their countries.”

South Korea

“Five men in South Korea were arrested on Thursday for illicitly injecting crypto mining malware into more than 6,000 computers.”


“The UK Financial Conduct Authority (FCA) announced at the start of last month that it had fined Tesco Bank £16.4 million for a cyber-attack that occurred two years ago.”
“On Friday the Bank of England (BoE) will host a day-long war gaming exercise designed to test the financial sector’s resilience to a major cyber incident.”


“A Frost & Sullivan study commissioned by Microsoft revealed that a large-sized organization in the Asia Pacific region can possibly incur an economic loss of $30 million, more than 300 times the average economic loss for a mid-sized organization. This is more than seven percent of the region’s total GDP of $24.3 trillion. In addition to financial losses, cybersecurity incidents are also undermining Asia Pacific organizations’ ability to capture future opportunities in today’s digital economy, with one in six (59 percent) respondents stating that their enterprise has put off digital transformation efforts due to cyber risks, the study emphasized.”


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