Evernote suffer aggressive cyber attack 

The note taking service with over 100 million users has been ‘pounded’ by an aggressive distributed denial of service cyber attack that has stopped people from accessing its service and floored its operations. The reason for the attack is unknown but it continues to cause problems with a spokesperson from the company assuring users that the effects continue to be mitigated. The cyber attack is the latest in a string of security problems for Evernote after last year hackers accessed the company’s database of usernames, email addresses and passwords. 

Hackers hold Domino’s to ransom

The international pizza chain is being held to ransom after hackers stole the personal data of more than 600,000 of its customers in France and Belgium. A group called ‘Rex Mundi’ has accessed information relating to customers which it is threatening to publish if Domino’s do not pay EUR 30,000. The information accessed includes names, addresses, emails, phone numbers and customers favourite pizza toppings. Dominos has stated that the company will not be paying the requested EUR 30,000 and confirmed that the information taken did not contain any financial or banking information. 

AT&T latest US cyber attack victim 

The American multinational telecommunications corporation has announced that an undisclosed number of AT&T wireless customers’ accounts have been broken into, exposing sensitive data such as social security numbers and dates of birth. The breach occurred between 9 April 2014 and 21 April 2014 and those affected have been informed and offered a year of free credit monitoring. Unlike Target and PF Chang’s, AT&T have said that the hackers’ intent was not to steal credit card numbers or commit other financial fraud but was to unlock old, used handsets. According to company officials, the crime was an inside job and the company have recommended that customers change any passcode on their accounts. 

Canada’s top court upholds internet users’ privacy 

The Supreme Court has held that Canadians have the right to be anonymous on the internet, and police must obtain a warrant to uncover their identities. The landmark decision bars internet service providers from disclosing the names, addresses and phone numbers of their customers to law enforcement officials voluntarily in response to a simple request. The decision has clarified a point of long-standing disagreement between privacy advocates and law enforcement authorities and could also affect two federal government bills on cyberbullying and digital privacy. The government is set to review the decision and its impact on national legislation.

Bank of England suffers 7-8 cyber attacks a week 

With hacktivists and nation states being the most common culprits, the Bank of England suffers on average 8 cyber incidents a week, said the Bank’s chief information security officer. The weekly attacks include 2 or 3 denial of service attempts, as well as malware attacks such as spearphising. Part of the Bank of England’s security strategy has involved hiring an analyst to monitor international politics, however the lack of a concerted approach to sharing and gathering security intelligence throughout the sector leaves it vulnerable. The news comes following the launch of a new cyber security testing framework aimed at improving the defences of UK banks. 

First ever cyber security focused venture fund

London based asset manager C5 Capital, has announced that it will be launching Europe’s first cyber security focused fund. A USD 125 million fund which has already made its first two investments, is expected to close in the coming weeks. The fund comes after the NSA’s mass surveillance programme was revealed last year which has caused European groups to source security products closer to home. According to research firm Gartner, the global information security sector is a USD 67 billion market which is only forecast to grow as high profile cyber attacks continue. 

GCHQ to pass data onto companies

Spy agency GCHQ, has announced that it will pass on extensive classified intelligence material to some of the UK’s biggest companies in an effort to combat the digital threat from foreign states and hackers. The plan to share classified intelligence with the private sector “at scale and pace” will begin with companies that have already been vetted as suppliers to government networks. Following the increasing amount of incidents of international cyber crime and cyber espionage being made public, many large companies have started shoring up their digital defences. The information share is aimed at increasing the ability of multinational companies to pre-empt and counteract cyber threats.