The Flame virus is on the attack. LinkedIn, eHarmony and Last.fm users had their passwords stolen. Hackers are targeting smart phones. Reuters social media editor Anthony De Rosa gets three top cyber security experts to disclose the best ways you can avoid becoming a victim.
What are the trends affecting the media and technology sectors and what does it mean for investors?
If the world’s superpowers face off in another major war, the winner will likely be determined in cyberspace. Only a handful of cyber weapons have been identified to date: The notorious Stuxnet worm that attacked Iran’s nuclear program and its data-stealing cousin Duqu. Researchers just uncovered the highly complex Flame.
Meanwhile online crime is flourishing. The unpublished music of Michael Jackson is among the booty that cybercriminals have recently claimed. Financial fraud scams target consumers and businesses alike. Nation states run far more sophisticated campaigns to steal intellectual property from rival governments as well as businesses across virtually all industries.
The Reuters Global Media and Technology Summit will bring together some of the world’s top cyber security experts to talk about the latest trends in cyber security. During closed interviews, we’ll also ask more than 30 industry executives to address broader trends affecting the technology and media sectors.
A cyber security CEO says the Flame computer virus used everything from Bluetooth to screengrabs to vacuum data from computers in the Mideast for years without leaving a trace. (more…)