Sun Trust joins Capital One among the victims of the renewed Islamist hacking campaign against US banks. Investigators continue to look for a Saudi connection as Iran denies complicity. (For a skeptical take on the seriousness of the campaign, however, see this morning's op-ed in CSO.) Coincidentally or not, Russian mobs continue to prepare for large-scale wire fraud aimed at the same targets.
Cyber criminals steal student records from Northwest Florida State College. Symantec finds a Russian proxy service delivering Backdoor malware. 3G mobile devices are found vulnerable to involuntary physical tracking. Spearphishing techniques improve as attackers watch their targets' behavior more closely.
Mozilla pulls its latest Firefox release over security concerns and advises users to downgrade to the previous version. Facebook patches a vulnerability that exposed users' phone numbers.
RSA warns European companies that regulatory compliance and obsessing over privacy have trapped them in an obsolete security model. The National Cyber Security Alliance releases a new cyber crime report.
US House of Representatives members ask the Office of Management and Budget exactly what contractors have been told about budget sequestration. BAE's merger with EADS may have faltered, but BAE says it will pursue acquisitions in the US (especially in cyber). Silicon Valley acquisitions are increasingly aimed at getting high-value employees.
The US House Intelligence Committee opens the second phase of its investigation into Huawei and ZTE. Concerns about these telecom firms spread to Canada, but industry analysts say it will be difficult to exclude Chinese hardware from any market.