Personal Cybersecurity #18: Daily news

What you need to know for your personal cyber security life… 

Number Eightteen in a series of semi-regular daily current and topical computer threats that may affect your online, or even offline, digital and real life. Why cyber-security on SurvivalRing? Because EVERYTHING you do in your life everyday now is a part of the cyber world…even your offline plans. So, be aware, and pay attention. The bad guys WILL eventually get around to YOU…personally…so be prepared for it, by staying in the loop.  

evil inside

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Bitcoin Exchange Mt. Gox Goes Offline Amid Allegations of $350 Million Hack

http://www.wired.com/wiredenterprise/2014/02/bitcoins-mt-gox-implodes/

  • BY ROBERT MCMILLAN
  • Enterprise
  • Wired.com
  • 02.24.14

Mt. Gox, once the world’s largest bitcoin exchange, has gone offline, apparently after losing hundreds of millions of dollars due to a years-long hacking effort that went unnoticed by the company.

The hacking attack is detailed in a leaked “crisis strategy draft” plan, apparently created by Gox and published Monday by Ryan Selkis, a bitcoin entrepreneur and blogger (see below). According to the document, the exchange is insolvent after losing 744,408 bitcoins — worth about $350 million at Monday’s trading prices. The plan paints a bleak picture of the exchange’s finances and outlines an arbitrage scheme to restore the exchange to solvency. “The reality is that Mt. Gox can go bankrupt at any moment, and certainly deserves to as a company,” the document states.

WIRED couldn’t confirm the authenticity of the document. Reached Monday night, a Gox representative declined to comment on the document and referred us to the company’s webpage, before abruptly hanging up. But the website went offline a few hours after the company suspended trading on its exchange, and if the document is indeed authentic, the situation it described could reverberate across the world of bitcoin and possibly hamper the future of the digital currency.

Bitcoin insiders had been bracing for the worst from Mt. Gox for weeks, but the magnitude of the apparent theft — which would be the largest bitcoin heist ever — and the company’s alleged plan to replenish its stock of bitcoins took even seasoned bitcoiners by surprise. “Gox is the worst-run business in the history of the world,” said Roger Ver, in an instant message interview. Ver is a bitcoin advocate who lives across the street from Mt. Gox’s Tokyo offices and tried to help out the troubled exchange the last time it was hacked, back in 2011.

[…]

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HIMSS14: 10 healthcare data security challenges

http://healthitsecurity.com/2014/02/24/himss14-10-healthcare-data-security-challenges/

  • By Mac McMillan
  • Health IT Security
  • February 24, 2014

This week many of us will head off to the HIMSS14 annual conference in Orlando. For some this will represent a break from this years harsh winter weather, for others a welcome break from the routine and a chance to see what’s new, and for others a chance to look for that thing they have been wanting to add to their program.

I hope it will also be a chance for some to get more familiar with the privacy and security challenges that face this industry and learn from many of the great sessions that will be presented on these topics. Maybe even come by and see David Holtzman and I on Wednesday talk about risk management in the context of the OCR’s audit results and others analysis. To help focus your selection of sessions to attend and things to talk to others about, I decided to provide my list of top 10 security challenges to consider.

1. Insider abuse — Not a popular topic, but none the less a very important one as insider misuse of privileges continues to plague us and contribute to a lot of the lost devices, stolen data, fraud and medical identity theft we experience. There are solutions that help us monitor more closely what insiders are doing.

2. Medical devices — A huge issue and one that HIMSS actually has devoted a preshow workshop to. Medical devices are not secure and present a risk to the networks and the people they are connected to. Providers bear the brunt of this issue because manufacturers don’t have standards and the FDA has been reluctant to regulate them.

[…]

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Ex-Googlers at Shape Security Get $40 Million More To Fund Their War On Bots

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Five outstate Minnesota banks sue Target over data breach

http://www.startribune.com/business/246983121.html

  • By: JENNIFER BJORHUS
  • Star Tribune
  • February 24, 2014

A group of First Farmers & Merchants banks in southern Minnesota have sued Target Corp. over alleged damages from the retailer’s data breach late last year.

While a number of financial institutions from around the country have sued the company since news of the data heist broke, the First Farmer & Merchants lawsuit is believed to be the first by a financial institution on Target’s home turf in Minnesota.

“The way that this has happened, it’s the banks whose exposure is greatest here, ” said Garrett Blanchfield, a lawyer at Reinhardt Wendorf & Blanchfield in St. Paul representing the local banks. “We think the Minnesota laws provide a sound basis for us.”

The complaint doesn’t specify a damage amount but says the banks have had to refund fraudulent charges, close and reopen checking and savings accounts and cancel and re-issue credit and debit cards.

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Updated: February 25, 2014 — 3:40 pm

The Author

Rich Fleetwood

Rich is the founder of SurvivalRing, now in it's 24th year, author of multimedia CDs and DVDs, loves the outdoors, his family, his geeky skill-set, and lives in rural southern Wyoming, just below the continental divide (long story, that...). Always ready to help others, he shares what he learns on multiple blogs, many social sites, and more. With a background in preparedness and survival skills, training with county, state, and national organizations, and skills in all areas of media and on air experience in live radio and television, Rich is always thinking about the "big picture", when it comes to helping individuals and families prepare for life's little surprises.

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