cyber security Current Affairs

34 global technology firms sign Cybersecurity Tech Accord

34 leading global technology firms including Facebook, Microsoft, HP, ARM, Cisco, and Oracle have signed Cybersecurity Tech Accord to work together on cybersecurity issues.  Under it, signatory companies have agreed to collaborate on stronger defence systems, no offensive cyberattacks, and protect against tampering of their products, capacity building and collective action. The participant companies view Tech Accord as Digital Geneva Convention.

Four Principles of Cybersecurity Tech Accord

  • Protect users and customers everywhere
  • Oppose cyberattacks on innocent citizens and enterprises
  • Empower users, customers and developers to strengthen cybersecurity
  • Partner with each other and like-minded groups to enhance cybersecurity

Features of Accord

The four principles of Cybersecurity Tech Accord aimed at advancing online security and resiliency across globe. Signatory companies agreed to mount stronger defence against cyberattacks, regardless of motivation underlying them. They pledged not to help governments launch cyberattacks against innocent citizens or enterprises.

They will protect their products and services from any tampering or exploitation that could enable their use in cyberattacks. They will empower developers, as well as people who use technology products to improve their capacity to defend against cyberattacks.  It includes joint work on developing stronger security practices.

Under this accord, signatory companies aim to take collective action to establish formal and informal partnerships with industry, civil society and security researchers, to improve collaboration for disclosure of vulnerabilities and other threats. The goal is to minimize potential for introduction of malicious code.

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Internet Security Threat Report: India third most vulnerable country to cyber threats

According to recently published Internet Security Threat Report, India emerged as third most vulnerable country in terms of risk of cyber threats, such as malware, spam and ransomware in 2017. India has moved up by one place over previous year. The report was published by security solutions provider Symantec. The global threat ranking of countries was based on 8 metrics viz. malware, spam, bots, phishing, network attacks, web attacks, ransomware and cryptominers.

Key Facts

United States (with 26.61% global threats) was most vulnerable country to such cyber-attacks, followed by China (10.95%) in 2017. In India, 5.09% of global threats were detected, slightly less than 5.11% in 2016. India continues to be second most impacted by spam and bots attacks, third most impacted by network attacks, and fourth most impacted by ransomware.

The threat landscape in recent years has become more diverse, attackers are working harder to discover new avenues of attack and cover their tracks while doing so. With the sudden spread of WannaCry and Petya/NotPetya ransomware attacks, swift growth in coinminers in 2017 provides another reminder that digital security threats can come from new and unexpected sources.

Cyber criminals are rapidly adding cryptojacking to their arsenal as ransomware market has become overpriced and overcrowded. It is rising threat to cyber and personal security. Cryptojacking is process of unauthorised coinminers siphoning resources from personal computer systems to giant data centers. Its massive profit incentive puts people, devices and organisations at risk of unauthorised coinminers. The crypto-coin mining gold rush resulted in an 8,500% increase in detections of coinminers on endpoint computers in final quarter of 2017.

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