Lifeboat Foundation

In the last few years, countless cyber-attacks were reported globally that were linked to the People’s Republic of China. The Chinese cyber-hackers, who target the foreign networks and websites are sponsored by the Chinese government. They are highly trained and have acquired abilities not only to exploit common vulnerabilities but also to discover and even create new vulnerabilities.

The US National Security Agency’s in-depth report of 23rd October points out that one of the greatest threats to the US National Security Systems, Defence Industrial Base and Department of Defence information networks is the “Chinese state sponsored malicious cyber activity”. The report underlines that the Chinese hackers exploit “computer networks of interest that hold sensitive intellectual property, economic, political, and military information.”

In July 2020, US had ordered the closure of the Chinese consulate in Huston, when it discovered that the Chinese officials there were involved in the intellectual property theft and indicted two Chinese nationals for allegedly hacking hundreds of companies and crucially had attempted to steal coronavirus vaccine research. The United States Department of Justice has charged five Chinese national for their involvement in hacking targets not only in the US governments but also the networks of the Indian and Vietnam government. They also carried out attacks on the UK government network unsuccessfully.

Continue reading “Dragon’s cyber hacking operations: State sponsored game-plan” »

“There are two critical factors in this world: time and energy. Time is the only limited resource and therefore the most important one in our lives. Energy moves everything — our bodies, our lives and even all the digital revolution that is not physical depends on energy to be shared. We have no more time to cure the world and the Covid-19 is an amazing gift to better understand the important and critical things of our lives. It is a very important wake-up call for everyone.”

As more Israeli companies continue to seek solutions to economic and environmental challenges, we’ll see more local investors deploy capital in this space. Lack of acquisitions in this space – as opposed to a vertical like cybersecurity — are one main reason for the initial hesitancy of Israeli VCs.

Regardless of social impact or double bottom line investing, Israel is poised to lead another vertical impacting our global community. This has life-altering ramifications for future generations.

Together with CISA and the FBI, US Cyber Command wish Russian state hackers a “Happy Halloween!”

Quantum computers are now a reality, although they are still too rudimentary to factor numbers of more than two digits. But it is only a matter of time until quantum computers threaten Internet encryption.

Nature caught up with Shor to ask him about the impact of his work — and where Internet security is heading.

Nature talks to Peter Shor 25 years after he showed how to make quantum computations feasible — and how they could endanger our data.

Continue reading “Quantum-computing pioneer warns of complacency over Internet security” »

Hundreds of American hospitals are being targeted in cyberattacks by the same Russian hackers who American officials and researchers fear could sow mayhem around next week’s election.

The attacks on American hospitals, clinics and medical complexes are intended to take those facilities offline and hold their data hostage in exchange for multimillion-dollar ransom payments, just as coronavirus cases spike across the United States.

“We expect panic,” one hacker involved in the attacks said in Russian during a private exchange on Monday that was captured by Hold Security, a security company that tracks online criminals.

Code-execution bug has severity rating of 9.8 out of 10; little skill needed to exploit.

BOSTON (AP) — Federal agencies warned that cybercriminals are unleashing a wave of data-scrambling extortion attempts against the U.S. healthcare system designed to lock up hospital information systems, which could hurt patient care just as nationwide cases of COVID-19 are spiking.

In a joint alert Wednesday, the FBI and two federal agencies warned that they had “credible information of an increased and imminent cybercrime threat to U.S. hospitals and healthcare providers.” The alert said malicious groups are targeting the sector with attacks that produce “data theft and disruption of healthcare services.”

The cyberattacks involve ransomware, which scrambles data into gibberish that can only be unlocked with software keys provided once targets pay up. Independent security experts say it has already hobbled at least five U.S. hospitals this week, and could potentially impact hundreds more.

Continue reading “FBI warns ransomware assault threatens US healthcare system” »

Certain cyber-artificial intelligence attacks could pose an existential threat to the US and the West, former US cyber command chief, Maj.-Gen. (ret.) Brett Williams said on Tuesday.

Speaking as part of Cybertech’s virtual conference, Williams said, “artificial intelligence is the real thing. It is already in use by attackers. When they learn how to do deepfakes, I would argue this is potentially an existential threat.”

But what about nuclear? Are we at risk of cyber-induced meltdowns or releases of radiation?

No.

Fortunately, while the Russians may be able to disrupt electricity transmission in general, and electricity generation from many power plants like natural gas and wind farms, they can’t hack into nuclear power plant operations. Nuclear plants are still mostly analog and not connected to the Internet.

Continue reading “Russia Hacks Into U.S. Power Plants, But Nuclear Reactors Should Be Impervious” »