CFC Cyber Bulletin

Re-thinking two-factor authentication

When it comes to account security it seems that the long-touted 2-factor authentication via SMS code is no longer up to the job. Two-factor authentication, in the form of a password and a temporary code sent to phones by SMS text message, is no longer viewed as adequately secure, following a string of incidents where codes were intercepted. 

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Banking malware back in business

After a period of inactivity, banking malware code Dridex has resurfaced – Lazarus-like – to prey on unwary online bank account holders. This time it is using more sophisticated tactics to exploit victims’ fear of having their accounts compromised, ironically by sending them dangerously authentic emails warning them against being hacked. 

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Intel sheds cyber security arm

As part of its major restructuring programme, Intel is reported to be considering the sale of its cyber security arm Intel Security (previously named McAfee – which it acquired in 2011). The chip-maker never quite succeeded in its quest to incorporate McAfee’s cyber security technology into its products and is now looking for a buyer. 

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Brexit and the UK tech sector

The share prices of major UK tech companies have taken a hit in the wake of Brexit, prompting fears over the future of the British technology sector as a whole. There are both risks and opportunities, as the BBC explores the implications. We also found a good article on UK tech and telecom firms' initial response to the referendum results, so read on.  

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