Struck-off solicitor jailed for 12 years

By Michael Cross, 14 October 2014

A former solicitor has been sentenced to 12 years in prison for his part in a mortgage fraud which netted some £30m over four years.

Jonathan Martin Gilbert, of Penarth, South Glamorgan, was struck off the roll in 2010 in a case described by the Solicitors Disciplinary Tribunal as ‘one of the worst’ that had come before it. His activities caused the failure of Berkshire firm Willmett, of which he was a partner.

Copyright: The Law Society Gazette, 2014

Full article at: http://www.lawgazette.co.uk/5044169.article?utm_source=dispatch&utm_medium=email&utm_campaign=GAZ141014

First Application of Google Spain by a National Court in Europe: The Right to be Forgotten gets Reduced in the Netherlands

By Giancarlo Frosio on October 7, 2014

Recently, a European national court applied for the first time the Google Spain ruling of the European Court of Justice (“ECJ”). The Court of Amsterdam dealt with one of the “right to be forgotten” requests that Google refused to comply with by rejecting the claims of the plaintiff and reinforcing the role of freedom of speech. In particular, the Dutch Court narrowed down the ECJ’s test by stating that the Google Spain ruling “does not intend to protect individuals against all negative communications on the Internet, but only against ‘being pursued’ for a long time by ‘irrelevant’, ‘excessive’ or ‘unnecessarily defamatory’ expressions.”

Full article at: http://cyberlaw.stanford.edu/blog/2014/10/first-application-google-spain-national-court-europe-right-be-forgotten-gets-reduced

Cybersecurity Expert Gary Miliefsky Warning about Flashlight Apps

Informative video about a popular smartphone application that could expose your personal information to cyber criminals.

Video available at: https://www.youtube.com/watch?v=Q8xz8xKEFvU

Investigators Believe Another Firm Lost Data

Investigators believe that the hackers that broke into J.P. Morgan Chase JPM & Co. targeted at least 12 other financial-services companies, including Fidelity Investments, a person briefed on the matter said, suggesting the cyberattack spree on Wall Street was broader than previously thought.

Investigators also believe that the hackers successfully took data from at least one organization other than J.P. Morgan, the person said.

Other institutions saw traffic from Internet addresses linked to the intruders but blocked their efforts or lost no data, the person said.

Citigroup Inc., Trade Financial Corp. , HSBC Holdings PLC, Regions Financial Corp. and Automatic Data Processing Inc. saw intrusion attempts from the suspected hackers, though no data were believed to have been taken, people familiar with the matter have said.

Copyright: The Wall Street Journal, 2014

Full article at: http://online.wsj.com/articles/citigroup-regions-financial-e-trade-adp-saw-traffic-linked-to-j-p-morgan-hackers-1412783395

Tech groups warn over US online snooping

Leaders at two top tech security firms have warned that American businesses are being hurt by concerns about US online surveillance in Europe and the growing “Balkanisation” of the internet in the wake of Edward Snowden’s disclosures.

“You can feel this Balkanisation starting. It’s going to impact a lot of companies that are trying to do business globally,” said Kevin Mandia, chief operating officer at FireEye and founder of Mandiant, in an onstage interview at a Vanity Fair event in San Francisco on Wednesday.

Copyright The Financial Times Limited 2014.

Full article at: http://www.ft.com/cms/s/0/2126619c-4f44-11e4-9c88-00144feab7de.html

Is Apple Picking a Fight With the U.S. Government?

By Matthew Green

Last week Apple released its new iOS 8 operating system for iPhones, iPads, and iPod Touch devices. Most of the coverage of iOS 8 focuses on visible features that users can interact with. But there’s one major change in iOS 8 that most users probably won’t notice unless they find themselves in a great deal of trouble. Specifically, Apple has radically improved the way that data on those devices is encrypted. Once users set a passcode, Apple will no longer be able to unlock your device—even if ordered to do so by a court. 

Article from Future Tense and slate.com. (URL shortened below for ease of use.)

Full article at: http://goo.gl/VVUtaZ

Could Google Glasses Herald Brave New Era of Video Surveillance by the General Public?

By Adam Bannister

Video footage gathered using Google Glasses has been used as court evidence for the first time, raising the prospect that video surveillance may no longer be the sole preserve of businesses and the government.

Haresh Mehta, 20, who lives in Southampton, took matters into his own hands when his repeated complaints to police of being the victim to insults failed to prompt formal action by police. Moreover, his accusations triggered counter-accusations from his alleged tormentor.

The IT security student purchased a pair of surveillance sunglasses with a video recorder hidden in the frame. “It was like having a camera between your eyes,” he said.

Article from: http://www.ifsecglobal.com

Kevin Mitnick, Once the World’s Most Wanted Hacker, Is Now Selling Zero-Day Exploits

By Andy Greenberg for WIRED

As a young man, Kevin Mitnick became the world’s most notorious black hat hacker, breaking into the networks of companies like IBM, Nokia, Motorola, and other targets. After a stint in prison, he reinvented himself as a white hat hacker, selling his skills as a penetration tester and security consultant.

With his latest business venture, Mitnick has switched hats again: This time to an ambiguous shade of gray.

Late last week, Mitnick revealed a new branch of his security consultancy business he calls Mitnick’s Absolute Zero Day Exploit Exchange. Since its quiet inception six months ago, he says the service has offered to sell corporate and government clients high-end “zero-day” exploits, hacking tools that take advantage of secret bugs in software for which no patch yet exists.

Full article at: http://www.wired.com/2014/09/kevin-mitnick-selling-zero-day-exploits/

Banks launch fresh drive against cyber crime

The banking industry is teaming up with more than a dozen government and law enforcement agencies to establish a new platform that will warn institutions of the latest threats from financial criminals.

The Financial Crime Alerts Service is designed to allow banks and other financial groups to react faster to major incidents and to learn of the latest techniques being used by fraudsters, cyber criminals and terrorists. Banks have pushed cyber security up their list of priorities as they encourage customers to do more of their banking via smartphone applications while criminals become more sophisticated in the ways they operate.

Concern about a possible state-sponsored attack on financial systems has been heightened after this summer’s infiltration and theft of data from computer systems at JPMorgan Chase, the biggest US bank by assets, which according to some reports had its origins in Russia.

The British Bankers’ Association said it was working with its preferred technology partner, BAE Systems Applied Intelligence, to launch the new service early next year and would aim to sign up as many of its members as possible.

Copyright: The Financial Times Limited 2014.

Full article at: http://www.ft.com/cms/s/0/15630060-433f-11e4-be3f-00144feabdc0.html

Hackers already exploiting Shellshock flaw

By Sam Jones, Defence and Security Editor

Barely 24 hours after US cyber security officials alerted organisations to its existence, hackers have begun to weaponise the Shellshock loophole in computer systems around the world in damaging online attacks.

Leading cyber security companies contacted by the Financial Times warned that their sensors were already detecting intrusions by malware designed to exploit the Shellshock flaw.

Western spymasters, including the US National Security Agency and Britain’s GCHQ have issued urgent alerts to businesses and government organisations advising them to shore up their defences as quickly as possible.

Copyright: The Financial Times Limited 2014.

Full article at: http://www.ft.com/cms/s/0/ebd12d66-456f-11e4-ab86-00144feabdc0.html