This Week’s Read on the Latest IT Security News and Updates

Information Security’s Worth in India will be 25 crore this year
In the wake of rising cyber threats, information security in the country will be fueled by an average of 25 crore in 2013. This is according to a State of Information Security Survey 2014, conducted by Pricewaterhouse Coopers (PwC), a global consulting firm. This survey comprised 624 CEOs and senior management from 17 enterprises in India. 2012 recorded about 3000 IT security incidents. In May-June 2013, however, the number has shot up by 98%. Sivarama Krishan, PwC India Leader, expressed his views on the superiority of the US in tackling cyber threats, and that India is still catching up. Read more on this here.

Guess who’s the top source of Cyber Attack Traffic? No, it’s not China anymore!
Time and again, China has been associated with IT security incidents, making it the top source of Internet attack traffic. But looks like the heavy weight champion, just lost the title to Indonesia. Reportedly, the second quarter of 2013 saw a twofold increase in cyber attacks from Indonesia. Compared to the previous quarter this year, Indonesia has spewed 17 percent more Internet attack traffic. FYI, here’s the list of the top 10 source of Internet attacks: [source: blogs.wsj.com, news.cnet.com]

• Indonesia
• China
• The United States
• Taiwan
• Turkey
• India
• Russia
• Brazil
• Romania
• South Korea

Teens on Facebook can now go Public with their Posts
News are up that Facebook has done away with the restriction that kept underage users (13 – 17 years of age) from sharing their posts with the public. The social media giant has declared that teenagers would now be able to adjust their privacy settings and share their posts publicly. This restriction was called off last Wednesday. Learn more about this development here.

Dexter Malware Looted Millions from South African Restaurants
A good number of shops, restaurants, and hotels in South Africa has been hit by what is being called the biggest cyber-fraud attacks in history. According to Payment Association of South Africa (Pasa), the payment card systems of all the victims were compromised by the hackers responsible for the scam. And the malware that was used to execute this entire cyber goes by the name ‘Dexter’. Officials are suspecting a European-based gang to be behind this incident. Popular fast-food restaurant KFC is in the list of the victims. Read more about this here.

Rajiv Singha