U.K. Opens National Security Probe Of Nvidia’s Takeover Of Chip Designer Arm

The British government has opened a six-month probe into Nvidia’s takeover of the Cambridge, England-based chip designer Arm on national security grounds.

The $40 billion deal to buy the semiconductor businesses that helps power smartphones, tablets and countless other devices from SoftBank was announced in September 2020 but now faces a gauntlet of antitrust reviews to be approved.

The U.K.’s Department for Digital, Culture, Media and Sport announced on Tuesday that it would push for the British antitrust regulator, the Competition and Markets Authority (CMA), to run a six-month in-depth review of the deal on competition and national security grounds.

The deal had already been flagged by the CMA in January over fears that Nvidia’s takeover would lead to its rival losing access to Arm’s innovative chips that power Apple, Samsung and Sony devices, while the U.S., China and the European Union have also opened competition probes.

“Arm has a unique place in the global technology supply chain and we must make sure the implications of this transaction are fully considered. The CMA will now report to me on competition and national security grounds and provide advice on the next steps,” Digital Secretary Nadine Dorries said in a statement. “The government’s commitment to our thriving tech sector is unwavering and we welcome foreign investment, but it is right that we fully consider the implications of this transaction.”

The deal has been opposed by Google, Microsoft and chipmaker Qualcomm, who argued that takeover would threaten Arm’s position as the “Switzerland of the chips’ licensing to powerful and energy-saving technology to virtually all the world’s major chipmakers and smartphone producers, according to Bloomberg.

The new delay will be a blow to Nvidia CEO Jensen Huang and SoftBank, which bought Arm for $32 billion in 2016. Nvidia was once famous for its video games’ graphic chips, but its focus on powering data centers has helped catapult the business to a $757 billion market cap, with its shares up more than 500% since the Arm deal was announced in September 2020.

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I joined Forbes as the Europe News Editor and will be working with the London newsroom to define our coverage of emerging businesses and leaders across the UK and Europe. Prior to

Source: U.K. Opens National Security Probe Of Nvidia’s Takeover Of Chip Designer Arm

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European Banking Authority (EBA) Microsoft Exchange Servers Hacked

Paris Looks to Charm London's Brexiles

The European Banking Authority (EBA) has confirmed it has fallen victim to the ongoing Microsoft Exchange attacks.

With a total of four highly valuable zero-day exploits, previously unreported vulnerabilities that give cybercriminals a head start in any attack campaign, the attacks against on-premises Microsoft Exchange servers were always going to be a big deal. Those initial attacks, which prompted Microsoft to publish an emergency out-of-band security update, were attributed to a nation state-sponsored group identified as HAFNIUM. The nation in question is China. However, Microsoft has now confirmed that it “continues to see increased use of these vulnerabilities in attacks targeting unpatched systems by multiple malicious actors beyond HAFNIUM.”

As I reported on March 6, credible sources were suggesting that the attacks against vulnerable Microsoft Exchange servers were thought to have compromised ‘hundreds of thousands’ of servers, more than 30,000 in the U.S. alone.

One of those attacked outside of the U.S. was the European Union’s banking regulator, the European Banking Authority. On March 7, the EBA issued a statement confirming that it had “been the subject of a cyber-attack against its Microsoft Exchange Servers.”

While stating that a full investigation was underway, the EBA went on to add: “As the vulnerability is related to the EBA’s email servers, access to personal data through emails held on that servers may have been obtained by the attacker. The EBA is working to identify what, if any, data was accessed. Where appropriate, the EBA will provide information on measures that data subjects might take to mitigate possible adverse effects. As a precautionary measure, the EBA has decided to take its email systems offline. Further information will be made available in due course.”

Further information was, indeed, made available by way of an update on March 8. “The EBA investigation is still ongoing and we are deploying additional security measures and close monitoring in view of restoring the full functionality of the email servers,” it read. “At this stage, the EBA email infrastructure has been secured and our analyses suggest that no data extraction has been performed and we have no indication to think that the breach has gone beyond our email servers.”

“The exploitation of the 0days in question required some specific conditions and thus raises questions what exactly happened at the EBA,” Ilia Kolochenko, chief architect at ImmuniWeb, said. “Another key question is when exactly the EBA was compromised?” Kolochenko points out that if the intrusion happened after the disclosure but prior to the emergency patch, the vulnerable systems should have been immediately disconnected to prevent exploitation in the wild. “The EBA is likely not the last victim of this hacking campaign,” he warns, “and more public authorities may disclosure incidents stemming from exploitation of the same vulnerabilities.”

I have approached the EBA for further comment.

Meanwhile, Mark Bower, a senior vice-president at comforte AG, said that “the capacity for attackers to extract sensitive data from emails, spreadsheets in mailboxes, insecure credentials in messages, as well as attached servers presents an advanced and persistent threat with multiple dimensions.”

Although it should be reiterated that, at this point in the investigation, the EBA is saying that “no data extraction has been performed and we have no indication to think that the breach has gone beyond our email servers.” Bower, like Kolochenko, warns that more incidents will be reported. “Affected entities and their supply chain partners will see a persistent secondary impact as a result over a long period of time,” he said.

I’ll leave the final word to John Hultquist, vice-president of analysis with Mandiant Threat Intelligence. “Though broad exploitation of the Microsoft Exchange vulnerabilities has already begun, many targeted organizations may have more to lose as this capability spreads to the hands of criminal actors who are willing to extort organizations and disrupt systems.

The cyber espionage operators who have had access to this exploit for some time, aren’t likely to be interested in the vast majority of the small and medium organizations. Though they appear to be exploiting organizations in masses, this effort could allow them to select targets of the greatest intelligence value.”

Update March 9

The EBA has now published a third update, which I reprint here in full:

“The European Banking Authority (EBA) has established that the scope of the event caused by the recently widely notified vulnerabilities was limited and that the confidentiality of the EBA systems and data has not been compromised.

Thanks to the precautionary measures taken, the EBA has managed to remove the existing threat and its email communication services have, therefore, been restored.

Since it became aware of the vulnerabilities, the EBA has taken a proactive approach and carried out a thorough assessment to appropriately and effectively detect any network intrusion that could compromise the confidentiality, integrity and availability of its systems and data.

The analysis was carried out by the EBA in close collaboration with the Computer Emergency Response Team (CERT-EU) for the EU institutions, agencies and bodies, the EBA’s ICT providers, a team of forensic experts and other relevant entities.”

I’m a three-decade veteran technology journalist and have been a contributing editor at PC Pro magazine since the first issue in 1994. A three-time winner of the BT Security Journalist of the Year award (2006, 2008, 2010) I was also fortunate enough to be named BT Technology Journalist of the Year in 1996 for a forward-looking feature in PC Pro called ‘Threats to the Internet.’ In 2011 I was honored with the Enigma Award for a lifetime contribution to IT security journalism. Contact me in confidence at davey@happygeek.com if you have a story to reveal or research to share.

Source: European Banking Authority (EBA) Microsoft Exchange Servers Hacked

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Windows 10 Users Beware New Hacker Attack Confirmed By Google, Microsoft

As Microsoft confirms a Google-disclosed and unpatched zero-day vulnerability is being targeted by attackers right now, here’s what you need to know.

Microsoft has confirmed that an unpatched ‘zero-day’ vulnerability in the Windows operating system, affecting every version from Windows 7 through to Windows 10, is being actively targeted. Microsoft was first informed of the vulnerability by Google’s Project Zero team, a dedicated unit comprised of leading vulnerability hunters, which tracks down these so-called zero-day security bugs.

Because Project Zero had identified that the security problem was being actively exploited in the wild by attackers, it gave Microsoft a deadline of just seven days to fix it before disclosure. Microsoft failed to issue a security patch within that hugely restrictive timeframe, and Google went ahead and published details of the zero-day vulnerability, which is tracked as CVE-2020-17087.

The bug itself sits within the Windows Kernel Cryptography Driver, known as cng.sys, and could allow an attacker to escalate the privileges they have when accessing a Windows machine. The full technical detail can be found within the Google Project Zero disclosure, but slightly more simply put, it’s a memory buffer-overflow problem that could give an attacker admin-level control of the targeted Windows computer. Recommended For You

While attackers are known to be actively targeting Windows systems right now, that doesn’t mean your system is going down. Firstly, I should point out that, according to a confirmation from Shane Huntley, director of Google’s Threat Analysis Group, the attackers spotted exploiting the vulnerability are not targeting any U.S. election-related systems at this point. That’s good news, and there’s more.

While Microsoft has confirmed that the reported attack is real, it also suggests that it is limited in scope being targeted in nature. This is not, at least as of yet, a widespread broad-sweep exploit. Microsoft says that it has no evidence of any indication of widespread exploits.

PROMOTED Civic Nation BrandVoice | Paid Program Election Day On College Campuses: Not A Day Off, A Day On MORE FROM FORBESNew Windows 10 Remote Hacking Threat Confirmed-Homeland Security Says Update NowBy Davey Winder

Then there’s the attack itself which requires two vulnerabilities to be chained together for a successful exploit to happen. One of them has already been patched. That was a browser-based vulnerability, CVE-2020-15999, in Chrome browsers, including Microsoft Edge. As long as your browser is up to date, you are protected. Microsoft Edge was updated on October 22 while Google Chrome was updated on October 20.

There are no known other attack chains for the Windows vulnerability at this point. Which doesn’t mean your machine is 100% safe, as an attacker with access to an already compromised system could still exploit it. However, it does mean there’s no need to hit the panic button, truth be told. Microsoft has also confirmed that the vulnerability cannot be exploited to affect cryptographic functionality.

I reached out to Microsoft, and a spokesperson told me that “Microsoft has a customer commitment to investigate reported security issues and update impacted devices to protect customers.”

As for that seven-day disclosure deadline from the Google Project Zero team, the Microsoft spokesperson said that “while we work to meet all researchers’ deadlines for disclosures, including short-term deadlines like in this scenario, developing a security update is a balance between timeliness and quality, and our ultimate goal is to help ensure maximum customer protection with minimal customer disruption.”

Although Microsoft has not commented on the likely timing of a security patch to prevent exploitation of this Windows vulnerability, the Project Zero technical lead, Ben Hawkes, has tweeted that it is expected as part of the Patch Tuesday updates on November 10.

How big a threat is this to your average Windows user? That remains to be seen, but currently I’d classify it as a be aware but don’t panic situation. Hang-fire, ensure your web browsers are bang up to date, and you should be fine. There are far more significant risks to your data than this zero-day attack, in my never humble opinion. Risks such as phishing in all forms, password reuse, lack of two-factor authentication and software that isn’t kept up to date with security patches.

MORE FROM FORBESHacker Uploads Own Fingerprints To Crime Scene In Dumbest Cyber Attack EverBy Davey Winder Follow me on Twitter or LinkedIn. Check out my website

Davey Winder

Davey Winder

I’m a three-decade veteran technology journalist and have been a contributing editor at PC Pro magazine since the first issue in 1994. A three-time winner of the BT Security Journalist of the Year award (2006, 2008, 2010) I was also fortunate enough to be named BT Technology Journalist of the Year in 1996 for a forward-looking feature in PC Pro called ‘Threats to the Internet.’ In 2011 I was honored with the Enigma Award for a lifetime contribution to IT security journalism. Contact me in confidence at davey@happygeek.com if you have a story to reveal or research to share.

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Business News

As Microsoft confirms a Google-disclosed and unpatched zero-day vulnerability is being targeted by attackers right now, here’s what you need to know. Microsoft has confirmed that an unpatched ‘zero-day’ vulnerability in the Windows operating system, affecting every version from Windows 7 through to Windows 10, is being actively targeted. Microsoft was first informed of the vulnerability by Google’s Project Zero team, a dedicated unit comprised of leading vulnerability hunters, which tracks down these so-called zero-day security bugs. Because Project Zero had identified that the security problem was being actively exploited in the wild by attackers, it gave Microsoft a deadline of just seven days to fix it before disclosure.

Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC

#vulnerability #newsupdate #newstodayheadlines #newsworldnow #newstodaybbc #newstodayoncnn #newstodayusa

A Business Leader’s beginner Guide to Cybersecurity

According to Statista, there are about 4.57 billion active internet users globally as of July 2020. This number is great for businesses, especially those that are powered by the digital economy.

As businesses continue to embrace the tech age as well as the opportunities that come with it, the presence of cybercriminals is increasing, too. The activities of these criminals cannot be ignored, as they are capable of crashing any business. Business leaders who wish to remain in business must pay better attention to cybersecurity.

Related: The Real Cost of a Data Breach for Your Brand (and How to Best Protect Yourself)

Whilst there is no definitive solution to what is seen as the biggest threat to modern businesses – cybercrime — business owners like you can take advantage of available cybersecurity solutions and knowledge to protect your business and its digital assets. Below are three things to help you get started:

1. Get everyone involved

The days when cybersecurity was seen as just the job for the IT team are over. Business leaders all over the world are realizing this and you need to do the same.

In a Harvard Business Review, cybersecurity experts Thomas J. Parenty and Jack J. Domet insist that no amount of technology, resources, or policies will reverse the trend that has seen cybercrimes rise. “Only sound governance, originating with the board, can turn the tide. Protection against cyberattacks can’t be treated as a problem solely belonging to an IT or cybersecurity department. It needs to cast a wide and impenetrable net that covers everything an organization does–from its business operations, models, and strategies to its products and intellectual property.”

Related: Why IT Security Will be a Prime Concern for Businesses in the Next Decade

A cyberattack can occur when an innocent employee clicks a malicious link from a device belonging to the business. The drill has to affect the least person associated with the business. There is a real threat out there, your business and her assets are at stake. Everyone in your business needs to understand this as much as you do.

2. Develop a policy on cybersecurity

Preaching about the importance of cybersecurity alone may not get the job done, a policy that spells out your business’ protocols with regards to cybersecurity is necessary. A cybersecurity policy sets the standards of behavior for activities such as the encryption of email attachments and restrictions on the use of social media.

Non-IT employees are usually the weakest links in cybersecurity efforts. These employees typically share passwords, click on links, download attachments, with little knowledge about encrypting data. All of these open the door to cyberattacks and can comprise the security of your business.

Setting up a policy on cybersecurity would help your employees and third parties with access to your digital assets understand how to keep your data secured and safe from the prying eyes of cybercriminals. You must take responsibility for creating a culture that prioritizes security; this would enhance the credibility status of your business.

Related: Why Small Businesses Must Deal With Emerging Cybersecurity Threats

According to FCC, adhering to the following tips would help to ensure the security of your business and her digital assets:

  1. Protect information, computers, and networks from cyber attacks
  2. Create a mobile device action plan
  3. Make backup copies of essential business data and information.
  4. Control physical access to your computers and create user accounts for each employee
  5. Secure your Wi-Fi networks
  6. Employ best practices on payment cards
  7. Limit employee access to data and information, limit authority to install software
  8. Passwords and authentication

Setting up a policy on cybersecurity for your business might seem like another tedious task or process to execute, but the benefits outweigh the cost: do it now!

3. Get a trusted Virtual Private Network (VPN)

The risks of going online are enormous. The reality is this: if you are not online then cybercriminals stand no chance with you. A Virtual Private Network (VPN) is a tool that allows you to interact with the internet anonymously, thereby drastically reducing your exposure to cybercrimes.

With leading VPN providers like Express VPN, Nord VPN, and Switcherry offering unlimited speed, unlimited Bandwith, and free servers in the US help individuals and businesses tackle the prevalent cyber threats and keep their digital assets free from prying eyes by providing a secure connection from all types of tracking.

Cybersecurity is necessary for the survival of your business in the world of today. Get started on your journey to cybersecurity with the vital tips shared in this post.

By: James Jorner / Entrepreneur Leadership Network Contributor

Join our community and stay up to date with computer science ******************** Join our FB Group: https://www.facebook.com/groups/cslesson Like our FB Page: https://www.facebook.com/cslesson/ Website: https://cslesson.org Table of Contents: Why cyber Security (0:00) Cyber Security Terminology (6:33) Demystifying Computers (19:40) Demystifying Internet (40:00) Passwords and Hash Function (01:15:40) Common Password Threat (01:30:30) Creating strong password How email works (02:14:22) Email Security Types of Malware (02:40:00) Functions of Malware Sources of Malware Layers of defense against malware How web browsing works Safely navigating the web Online Shopping Wireless Network basics Wireless internet security threats Public wireless network administering wireless network Social media and privacy Reading URLs

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