When it comes to cybersecurity, Israel sits at the center of the world. Israeli companies exported $6.5 billion a year worth of cyberproducts, about 10% of the world market, based on data from Israel’s National Cyber Bureau. That’s up from only a 1-2% share of the much smaller market five years ago. The cybersecurity business in…
DetailsSome believe it’s high time for the U.S. government to let the world know what it will not tolerate in cyberspace, given the accelerating pace of intrusions. WASHINGTON: As the pace of cyber attacks quickens on U.S. retailers, banks, political parties and the government itself, legislators worry over what looms ahead and wrestle with when…
DetailsA senior executive of Alphabet Inc’s (GOOGL.O) Google unit said on Monday that the company was notifying customers of 4,000 state-sponsored cyber attacks per month. Speaking at a Fortune magazine tech conference in Aspen, Colorado, Google senior vice president and Alphabet board member Diane Greene mentioned the figure while touting Google’s security prowess. The internet…
DetailsA congressional committee criticized the FDIC’s handling of more recent data breaches. The U.S. Federal Deposit Insurance Corporation is updating cyber security policies after a 2015 data breach in which a former employee kept copies of sensitive information on how banks would handle bankruptcy, the regulator’s chief said on Thursday. FDIC Chairman Martin Gruenberg also…
DetailsAn early morning passerby phoned in a report of two people with flashlights prowling inside the fence of an electrical substation in Bakersfield, Calif. Utility workers from Pacific Gas & Electric Co. later found cut transformer wires. The following night, someone slashed wires to alarms and critical equipment at the substation, which serves 16,700 customers.…
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