Never miss a story

Get subscribed to our newsletter


×
Automated teller machine. Pixabay

New Delhi, November 28, 2016: At a time when people are making serpentine queues at ATM kiosks to withdraw cash owing to demonetisation, a new report said that cyber attacks on ATMs will rise in the Asia-Pacific (APAC) region in 2017.

“We have seen a big focus on ATM attacks in the APAC region, including in India. ATMs in underdeveloped countries are particularly vulnerable as those countries still have old ATM software and are running Windows XP. This makes them the perfect target for an easier score,” US-based cyber security company FireEye claimed in its “2017 Security Landscape-Asia Pacific Edition” report.


[bctt tweet=”The SBI blocked nearly 600,000 debit cards.” username=””]

NewsGram brings to you latest new stories in India.

Recently, some premier Indian banks blocked debit cards that were compromised (the numbers ran into millions) in one of the financial sector’s biggest data breaches.

The State Bank of India (SBI), HDFC Bank, ICICI Bank, Axis Bank and YES Bank were among banks which reported several of their customers’ debit cards being compromised following a malware-related security breach in an ATM network. The SBI blocked nearly 600,000 debit cards.

This came on the heels of malware attacks and cyber threats that affected countries like Japan and Bangladesh this year.

“With the continued rise in ransomware activities across the globe, religious organisations may unexpectedly become a target of cyber criminals in 2017, adding that much of the threat activity in the Asia-Pacific region is from China,” FireEye continued.

Go to NewsGram and check out news related to political current issues

While talking about investments in security that organisations will make in 2017, FireEye predicts organisations making significant investments in the form of orchestration and automation in 2017.

“Organisations seeking to simplify everything in 2017 will set their sights on integration. A single pane of glass for all security needs will drastically improve the organisation’s security posture and show companies the true value of all the products they have acquired,” the report noted.

In general, the proliferation of cyber-physical systems and the Internet of Things (IoT) would present new opportunities for adversaries to abuse their connectivity and cause disruption at scale for a bigger payoff.

Look for latest news from India in NewsGram.

“The combination of tools such as ransomware with more formalised illicit software-as-a-service (SaaS) franchised business models will become a more attractive and lucrative option for criminals with the proper skillsets and motivations,” FireEye pointed out.

Recently, a hacker group called Cobalt targeted ATMs across Europe and remotely attacked the machines using malicious software that manipulated the systems which led the machines to automatically dispense huge amount of cash. (IANS)


Popular

getty pictures

Divorce proceedings

Divorce is a hard fact in someone's life because it can affect all aspects of life like social, economic, and living status. Conditions become tougher if you have children. Recovering from divorce is also a painful process but good thing is that it is possible to get through it and place better in terms of both finances and emotions. The impact of divorce on finances can be life-lasting but taking precautions and thorough investigations of options can help a lot not only to save unnecessary costs but also some other hidden areas where you weren't aware. Following are some tips to save money during a divorce.

1.Avoid advice from everyone

Keep Reading Show less
ryunosuke kikuno/unsplash

Hosting the Olympics is an economic burden on host cities which mainly include construction delays, cost overruns, security issues, and environmental concerns.

By Saish

Gone are those days when people, sports enthusiasts, and governments lined up to host the Olympics. Hosting the Olympics, once seemed to be an immensely prideful event, but it has now transformed into an economic burden. Host cities grapple with a plethora of problems which mainly include construction delays, cost overruns, security issues, and environmental concerns.

Keep Reading Show less
ians

Tokyo Olympics 2020 Indian wrestler Ravi Kumar enter semi finals.

Indian wrestler Ravi Kumar (57kg) and Deepak Punia (86kg) enjoyed fruitful outings at the Tokyo Olympic Games as they secured semifinal berths in their respective weight categories at the Makuhari Messe on Wednesday.

On the opening day of the wrestling competition, Ravi Kumar defeated Bulgaria's Georgi Vangelov 14-4 on technical superiority to reach the last-four in the men's 57kg category, while compatriot Deepak Punia overcame China's Zushen Lin 6-3 on points to advance to the semifinals.

Ravi Kumar will take on Nurislam Sanayev of Kazakhstan in the last-four, while Punia will be up against David Morris Taylor of the USA.

Earlier, Ravi Kumar had won his opening-round bout by technical superiority against Colombia's Oscar Tigreros to secure a quarterfinal spot. Competing in the Round-of-16 bout against the Colombian wrestler, the 23-year-old Ravi Kumar, who is making his Olympic debut, showed no nerves as he dominated the bout to win by technical superiority (13-2).

Ravi Kumar landed attack after attack and went 13-2 up, winning the bout by technical superiority with minutes to spare. In wrestling, building up a 10-point lead over the opponent results in a victory by technical superiority.

India's 86kg freestyle wrestler Deepak Punia showed no signs of the niggle that had forced him to pull out of the Poland Open Ranking Series in Warsaw in June, as he defeated Nigeria's Ekerekeme Agiomor on technical superiority to secure a quarterfinal berth.

He got his Olympic campaign to a fine start as he was in control from the start of the bout and hardly ever allowed his Nigerian opponent any room to maneuver his moves, finally winning with a 12-1 on technical superiority.

Punia, who had also suffered an elbow injury just before the Games, was slow at the start but came into his own as the bout progressed, inflicting takedowns at regular intervals to earn points.

The Indian wrestler eased into a 4-1 lead at the break and extended his lead comfortably in the second period.

Punia, the silver medallist from the 2019 world wrestling championships, then set up a clash with China's Lin Zushen in the quarterfinals and defeated him 6-3.

(IANS/HP)