Bangladesh Bank: Hackers Tried to Steal $951 Million from US Fed Account

Here is the weekly roundup :

Malvertising Campaign Affects MSN, NY Times, Among Others
A large number of major news websites have seen their advertisements hijacked by a malicious Angler campaign that installs malware ransomware on users’ computers, security researchers revealed.

Chinese Man in Philippines Makes Millions from Cyber Heist
An ethnic Chinese man in Manila, Philippines is said to have gathered over $30 million of the money that hackers stole in one of the biggest cyber heists of all time when the Bangladesh central bank’s account at the New York Fed was hacked recently.

Bangladesh Bank: Hackers Tried to Steal $951 Million from US Fed Account
Bangladesh’s central bank has revealed that cyber criminals had tried to withdraw nearly a billion dollars from its account at the Federal Reserve Bank of New York to casinos in the Philippines.

US Plans to Blame Iranian Hackers for NY Dam Cyber Attack
According to a report, the US Justice Department is working on an indictment for hackers based in Iran who attempted to gain access to operational controls for the Bowman Avenue Dam in New York in 2013.

LastPass Launches 2-Factor Authentication App
Password manager LastPass has revealed its new two-factor authentication (2FA) application that helps LastPass users with an added layer of security while accessing their password vault and hundreds of major websites which have 2FA enabled.

Interesting Reading From Around the Web:

Ex-NSA Hackers Explain -- Why You Do And Don't Want The NSA To Help FBI Crack iPhones
In its ongoing tussle with the FBI, Apple continues to indicate the NSA could help police agents crack into the iPhone of San Bernardino shooter Syed Rizwan Farook.

Thieves Phish Moneytree Employee Tax Data
Payday lending firm Moneytree is the latest company to alert current and former employees that their tax data — including Social Security numbers, salary and address information — was accidentally handed over directly to scam artists.

Dwolla Action Opens New Territory for CFPB
Legal experts said they believe the CFPB's action against online payment provider Dwolla – its first action related to data security – could lead to considerable ramifications going forward. The CFPB targeted Dwolla March 2 for deceiving consumers about its data security practices and the safety of its online payment system.

Upcoming Events:

Technology Managers Forum

LIFARS is a proud sponsor of the Technology Managers Forum. Join us at the event to find out how LIFARS and its partner Cyphort can help you cut the detection and response time to cybersecurity threats.

March 24, 2016, New York, NY

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Your Digital World Secured: How to Prevent Personal & Corporate Hacking

Eventsy teams up with LIFARS, NYC's elite cybersecurity firm, to bring you a diverse panel on Media Cyber Security and a rich evening of networking!

We are thrilled to present: How to Prevent Personal & Corporate Hacking: a premiere panel featuring speakers with experience in the FBI, Secret Service, digital forensics, and more. Come learn how to protect yourself on both the personal and corporate level in our new media-rich era and earn 2 CPE credits.


March 31, 2016, New York, NY

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LIFARS at the QuBit Conference 2016

Always wanted to visit Prague? Now is your chance! Yet another good reason to visit - the QuBit Conference. So what are you waiting for? Tickets won't be this cheap for long!

Special packages are now available!

April 12-14, 2016, Prague, Czech Republic

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DataSolutions Secure Computing Forum

The 4th annual Secure Computing Forum brings world-class speakers together to discuss various aspects of cybersecurity and the way they are all interconnected in protecting your brand and securing your business.

May 12, 2016, Dublin, Ireland

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Featured Q&A:

Joe AbiDaoud & Mike Jankowski on Business Value of Information Technology

Joe AbiDaoud, the Chief Information Officer of Hudbay, and Mike Jankowski, the Enterprise Architect and IT Security Officer of Hudbay, talk about the real business value of IT in in corporate environments and how it has changed over time to its current state.

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Featured Article:

Computer Data: Is It Tangible Property & Subject to “Physical Loss or Damage”?


In a follow up to a previous article (see below) we looked into courts’ verdicts on whether or not computer data was deemed “tangible property” or subject to “physical loss or damage” for the purposes of insurance. In this article, we’ll look into what policymakers can do at the time of renewing their insurance and at the time of claiming.

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Computer Data: Is It Tangible Property & Subject to “Physical Loss or Damage”?


Business policy holders were scratching their heads – for the purposes of insurance – to find out if stored data in the form of media, software, or programs are deemed “tangible property.” Alternatively, could computer data be subject to “physical loss or damage”? Ondrej Krehel takes a look at some prior court cases to find out in this 2 part series.

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Featured Content:

Corporate Cyberattacks - New Case Study

A global money transfer organization with presence in over 100 countries and over 300,000 payment points suffered losses in excess of $5 million annually due to an easy-to-carry out type of cyberattack. With many challenges along the way, our team was able to identify, remediate, and implement prevention solutions that prevented further losses.

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