Cloud Computing, Cyber Security, IT Security, Security, Technology

Due to hack, Sony requests financial filing extension

Sony’s IT infrastructure has yet to recover from a cyberattack that disrupted network operations, and now reportedly forced it to delay its Q3 financial reporting.

According to CNN Money, Sony said that its systems, including financial and accounting applications, won’t be restored until early February because of the “amount of destruction and disruption that occurred, and the care necessary to avoid further damage by prematurely restarting functions.”

Last month, it surfaced that hackers had infected Sony Pictures’ networks with data-wiping malware as part of a multi-pronged attack against the entertainment giant, which also resulted in the leak of sensitive employee data and embarrassing email correspondence between execs.

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Business, Cyber Security, cyber security legislation, Cybersecurity, Defense, Finance, IT Security, Security, Technology

Companies Are Freaked Out About Cybersecurity And Plan To Spend A Lot More On It This Year Read more

Reports of security breaches reached new heights in 2014, following the iCloud and Sony hacks. Many consider the Sony hack to be the worst cyberattack in US corporate history.

And it looks as if these attacks are having a direct impact on the amount companies are spending on computer security.

According to a survey by Piper Jaffray, security was ranked as the top spending priority for CIOs this year, with a whopping 75% of the respondents saying they would increase spending in 2015.

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Cyber Security, Defense, Finance, Security, Technology

FBI: Sony hackers threatened U.S. news organization

The Guardians of Peace (GOP), a hacker group taking credit for the Sony attack, is now threatening to target a major news organization in the U.S., according to a recent FBI warning.

The “Joint Intelligence Bulletin” (PDF), which waspublished by The Intercept on Wednesday, was issued by the FBI and the U.S. Department of Homeland Security exactly a week prior on Dec. 24.

Former employees sue Sony, theaters drop 'The Interview'

In the bulletin, Sony Pictures Entertainment is not referred to by name, but as “USPER 1,” an organization that was targeted by a “late-November 2014 cyber intrusion.” The alert also referenced “related threats concerning the planned released of the movie, ‘The Interview’” – a theatrical Christmas release Sony originally canceled. The entertainment giant eventually went on to release the film in limited theaters and make the movie available via online purchases and rentals.

The bulletin also noted that hackers’ threats “have extended to USPER2 – a news media organization – and may extend to other such organizations in the near future.”

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Cyber Security, Defense, IT Security, Technology

U.S. suspects North Korea had help attacking Sony Pictures: source

According to Reuters, U.S. investigators believe that North Korea likely hired hackers from outside the country to help with last month’s massive cyberattack against Sony Pictures, an official close to the investigation said on Monday.

As North Korea lacks the capability to conduct some elements of the sophisticated campaign by itself, the official said, U.S. investigators are looking at the possibility that Pyongyang “contracted out” some of the cyber work. The official was not authorized to speak on the record about the investigation.

An entrance gate to Sony Pictures Studios is pictured in Culver City, California December 19, 2014. REUTERS/Mario Anzuoni

The attack on Sony Pictures is regarded to be the most destructive against a company on U.S. soil because the hackers not only stole huge quantities of data, but also wiped hard drives and brought down much of the studio’s network for more than a week.

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Business, Cloud Computing, Cyber Security, IT Security, Security, Technology

FBI Won’t Stop Blaming North Korea for Sony Hack — Despite New Evidence

In spite of mounting evidence that the North Korean regime may not have been wholly responsible for a brazen cyberassault against Sony—and possibly wasn’t involved at all—the FBI is doubling down on its theory that the Hermit Kingdom solely bears the blame.

“We think it’s them,” referring to the North Koreans, an FBI spokesperson told The Daily Beast when asked to respond to reports from private investigators that other culprits were responsible. The latest evidence, from the cyberanalysis firm the Norse Corp., suggests that a group of six individuals, including at least one disgruntled ex-Sony employee, is behind the assault, which has humiliated Sony executives, led to threats of terrorist attacks over the release of a satirical film, and prompted an official response from the White House.

The FBI said in a separate statement to journalists on Monday that “there is no credible information to indicate that any other individual is responsible for this cyberincident.” When asked whether that left open the possibility that other individuals may have assisted North Korea or were involved in the assault on Sony, but not ultimately responsible for the damage that was done, the FBI spokesperson replied, “We’re not making the distinction that you’re making about the responsible party and others being involved.”

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Business, Cyber Security, Finance, IT Security, Security

Researchers investigate, suggest fired employees assisted in Sony hack

Researchers are saying that one or more former employees may have aided in the massive hack of Sony.

Operating under an assumption that at least one insider must have aided in the attack, Norse Corporation posted on Monday that it is focusing on a group of six individuals, one of whom seems to be an ex-employee with a technical background and knowledge of Sony’s systems.

As leaks continue, Sony's legal team tells press to destroy 'stolen info'

“System administrators have very deep knowledge about internal networks, systems and data, as well as very broad access that gives them ‘god-like’ privileges,” Eric Chiu, president and cofounder of HyTrust, said in a statement emailed to SCMagazine.com on Tuesday.

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Cloud Computing, Cyber Security, Defense, Finance, IT Security, Security, Technology

Neglected Server Provided Entry for JPMorgan Hackers

According to New York Times, the computer breach at JPMorgan Chase this summer — the largest intrusion of an American bank to date — might have been thwarted if the bank had installed a simple security fix to an overlooked server in its vast network, said people who have been briefed on internal and outside investigations into the attack.

A hack attack affected JPMorgan Chase this summer.

Big corporations like JPMorgan spend millions — $250 million in the bank’s case — on computer security every year to guard against increasingly sophisticated attacks like the one on Sony Pictures. But the weak spot at JPMorgan appears to have been a very basic one, the people said. They did not want to be identified publicly because the investigation into the attack is incomplete.

The attack against the bank began last spring, after hackers stole the login credentials for a JPMorgan employee, these people said. Still, the attack could have been stopped there.

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