BERLIN (Reuters) – For the first time since the end of the Cold War, the German government plans to tell citizens to stockpile food and water in case of an attack or catastrophe, the Frankfurter Allgemeine Sonntagszeitung newspaper reported on Sunday.
Germany is currently on high alert after two Islamist attacks and a shooting rampage by a mentally unstable teenager last month. Berlin announced measures earlier this month to spend considerably more on its police and security forces and to create a special unit to counter cyber crime and terrorism. Continue reading
Banking expert warns cyber threat is so great we all need two accounts to guarantee access to cash
A leading banking academic and former adviser to the Bank of England has said everyone should have two bank accounts – so they can still access money if a major bank is crippled by a cyber attack.
Peter Hahn, senior fellow in banking at London’s Cass Business School, and between 2009 and 2014 a senior adviser to the Bank of England, said cyber crime was a new and growing risk which tended to be “not discussed”.
JPMorgan’s own investigators have found clues that a global network of computers available for hire by sophisticated criminals was used to reroute data stolen from the bank to a major Russian city, according to people familiar with the probe.
Like street magicians using sleight of hand, the hackers tapped computers from Latin America to Asia to send commands and obscure their identity while ferrying malicious traffic past one of the most heavily guarded networks on Wall Street.
Bank investigators working nearly around the clock have identified what they believe to be the assault’s staging ground, called a “bulletproof” hosting platform because of its resilience to other attackers and to law enforcement, according to one of the people, who requested anonymity because of the continuing investigation. The constellation of computers was used in previous hacking attacks and is now being tapped by professional cybercriminals operating out of Eastern Europe to target banks. Continue reading