The BioConnection | Bad Year for Breaches, Scammed Airway Passengers & Smart Cars

Posted by Christina Cardella on 15 October 2019
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Stat of the Week

It is estimated that in the first half of 2018 alone, about 4.5 billion records were exposed as a result of data breaches. In 2019, a collection of 2.7 billion identity records, consisting of 774 million unique email addresses and 21 million unique passwords, was posted on the web for sale.

Stories

| 2019 is a Bad Year for Financial Industry Breaches

In the 2019 Global DNS Threat Report from EfficientIP, analysts report that on average, financial industry companies were suffering from 10 attacks a year and then had to spend upwards of $1.3M to restore normal operations.

Is this Getting Worse Year After Year?
The number of attacks in 2018 was reportedly 40% higher than 2017, and approximately 50% of financial services organizations told EfficientIP they were hit with DNS-based phishing scams.

I'm New Here - What is a DNS-Based Scam?
It is a form of computer or cybersecurity hacking in which corrupt Domain Name System data is introduced to the DNS cache, which in turn causes the name server to return incorrect records. 

Does This Mean we are Doomed?
Not quite. GDPR was created to combat this. It is shown that there has been a positive effect coming from new GDPR regulations. 80% of asked organizations reported that GDPR regulations inspired network security upgrades and general innovation. More than 80% of organizations reported that the new regulation had a large effect on how their internal employees understood data privacy, and 64% reported strengthened consumer trust with their brand.

Read the Full Story Here

 

| Half a Million Scammed British Airways Passengers are Ready to Sue

500,000 British Airways passengers have been given the go ahead to pursue legal action against the popular airline after their data was breached due to scam. 

Back Up - When Did This Scam Happen?
British Airways announced that there was a cyber hack on their systems in September of 2018. The ICO launched a full investigation to assess damage and extent soon after. 

What Did They Find During the Investigation?
The office discovered that the information from approximately 500,000 customers was exposed. Information including; names, addresses and payment information might have been accessed. 
British Airways has then been hit with a massive £183 M fine over the breach. That isn't all they will be hit with. Affected passengers are also being told they are able to hit the green light to seek legal counsel if they feel it is necessary.

Read the Story Here

 

| Xpeng Smart Car will Feature Biometric Keys and AliOS Platform

The Xpeng P7 will officially become the first-ever electric vehicle to feature the Alibaba In-Car Mini APP, giving drivers access to smart car features like navigation, traffic updates, and driver monitoring.

What about the Biometric Keys?
The P7 will be the first mass-produced car that meets the digital car key authentication standards. It boasts biometric key technology which will allow owners to unlock their vehicle using just their face or fingerprint through recognition technology. Owners can also use Bluetooth Technology to share virtual keys with friends and family members. No more forgetting your keys on the table. 

What Else Can This Robot-Car Do?
The In-Car Mini APP platform offers speech recognition and AI-driven computer vision. Xpeng is open to working with outside developers and companies to strengthen the entertainment and lifestyle offerings for owners. This vehicle will hit the market in the spring of 2020. 

Read More about the P7 Here

 

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Topics: The BioConnection, Industry Update