Your daily digest of “All Things Security” gathered, collected and researched by your very own 10Fold Security Practice team.
Big items to consider: President Obama and top security officials plan to meet in Silicon Valley to decide how tech can help play a role in disrupting the path to radicalization and identify recruitment patterns, as well as how to counter these efforts that currently thrive freely on the internet. Eight people have been arrest in Europe in connection to a yearlong attack on ATM machines across several European countries. Intel’s CEO announced the Hack Harassment Initiative in partnership with Lady Gaga, Vox, and RE/Code that will bring attention to online harassment though a series of hackathons with the goal of advancing anti-harassment technology. Lastly, interesting opinion piece written by the director of Digital Economy at the U.S. Department of Commerce that touches on the benefits on the Trans-Pacific Partnership and how it promotes 21st century trade agreements and a step in the right direction for the budding digital economy.
Companies planning to send senior executives include YouTube, Facebook, Twitter, Microsoft and LinkedIn. Apple chief executive Tim Cook is also expected to participate. The officials see it as a bull session to learn how they might use technology to “disrupt paths to radicalization to violence” and “identify recruitment patterns” as well as to measure efforts to countering radicalization, according to an agenda obtained by The Washington Post.
Eight people have been arrested in Romania and Moldova this week on suspicion of “causing substantial losses across Europe to the ATM industry” and inflicting at least €200,000 ($218,000) of damage on ATM machines located in several European countries. The gang behind the attacks used the Tyupkin Trojan, a piece of Russian-made malware identified in 2014 by Kaspersky Lab. According to Europol, the gang embarked on large-scale ATM ‘jackpotting’. To use this technique, a criminal launches a Trojan via an executable file to gain control of the ATM’s PIN pad and submit commands to the malware to empty the machine’s cash cassettes.
Hack Harassment is exactly what it sounds like — a tech-driven initiative to curb online harassment and find solutions to issues with hate speech and threats on the web. The program, which Intel teased during its CES conference this week, is spearheaded by Intel, Vox Media, Re/code and Lady Gaga’s Born This Way Foundation. Hack Harassment’s first move will be a series of hackathons, held both online and in-person, with the goal of advancing anti-harassment technology.
The Internet has been an engine of economic opportunity worldwide, but we cannot take its success for granted. As the free exchange of information and services across borders is increasingly threatened, trade commitments among countries can serve as a powerful tool to maintain the openness that has been the hallmark of the Internet’s success. And while much has been said recently about the Trans-Pacific Partnership, one piece is often overlooked: TPP has first-ever commitments that will promote a free and open digital economy and serve as a template for 21st century trade agreements going forward.