A recent report by Lookingglass Cyber Solutions suggests that approximately 18 of world’s largest banks are operating with systems infected with serious malware. Lookingglass conducted a study on 24 banks and discovered that most of banks were infected with malicious infections, including Conficker, DNSChanger, and Gameover Zeus, BlackHole Exploit Kit, and Fake AV. Since January, ...

Nintendo has just posted some negative figures concerning its operating income. The company has reported an operating loss of $132 million due to sharp drop in Wii sales. It seems the gaming console giant is experiencing the Osborne effect as it announced the launch of a next-generation console, resulting in dropped sales of its existing ...

Innovation sometimes comes from strange places, even the unexpectedly young. Wenger is a 17-year-old who has won the grand prize at Google Science Fair 2012, for an amazing use of artificial intelligence. The whiz kid from Florida has created an artificial brain for assessing signs of breast cancer, providing more confidence to a minimally invasive ...

Harassed Stuxnet and Flame attacks against nuclear material processing centrifuges, Iranian armed forces have declared plans to establish their own cyber defense headquarters. Iran’s Deputy Chief of Staff in Mobilization Force and Defense Culture Affairs Brigadier Seyyed Mas’oud Jazayeri confirmed the news, stating: “That headquarters would be commissioned to design and adopt comprehensive approaches in ...

Noting rising concern about the ongoing cyber attacks and threats, especially to the critical infrastructure, President Barack Obama and The White House have endorsed a cybersecurity bill that will strengthen the nation’s digital defenses. Since last year, a series of attacks was conducted on the critical infrastructure of the country, such as a water plant ...

The Minecraft Xbox 360 Edition that released on May 9, 2012 on Xbox Live Arcade has sold over three million units. This equals to raising approximately $60 million in just two and a half months, which sounds pretty cool. The news came from Mojang co-founder Markus “Notch” Persson who posted it on his Twitter account, ...

A recent report from Kindsight Security Labs, a subsidiary of Alcatel-Lucent, suggests that about 14 percent of home networks got infected with malware in second quarter of this year. 13 percent of home networks showed evidence of infection, with 9% infected by high threat level malware such as a botnet, rootkit or a banking Trojan ...

The Android ecosystem is expanding ferociously, and with it so does the number of malware attacks. Since 2011, we have been watching a lot of cybercriminals and malware attacking Android users in one way or another, including fake Android game apps, devilish root kits, and the worst in the form of spam emails. To cope ...

Google recently announced that it will now be offering a face blurring tool for the video uploads on YouTube. While this has been done while taking activists and citizen journalists into consideration, the tool will not be limited for the use of dissident videos. In fact, Google has launched the face blurring tool to encourage ...

Giving another hit to the online security, a hacktivist group lacerated ITWallStreet.com, exposing nearly 50,000 user accounts, including names, mailing and e-mail addresses, usernames, hashed passwords, phone numbers, and salary information. The attacker, who belongs to “MidasBank is in alliance with TeamGhostShell”, hacked the IT job board of the Wall Street on Wednesday, and released ...