Wireless jammers cast a dark shadow on IoT security

From Tech Republic –

“Autumn DePoe-Hughes captured on video a rather bizarre scene at Manchester Fort Shopping Park this past summer. If car doors were locked, they could not be unlocked. The reverse was true as well. And, annoying car alarms defied any attempt to silence them. DePoe-Hughes told John Leyden of The Register, "Someone else had complete control over our cars for well over half an hour."

Leyden asks Ken Munro, a security researcher at Pen Test Partners, what he thought had happened. "This attack is about jamming the radio signal from the key fob to the car," explains Munro. "Jammers are readily and cheaply available online from overseas sources.... It's also fairly easy to make a jammer from components available at electronics shops."

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Busting five myths about fintech

From Fintech Business –

“Amid the hype about fintech, it can become difficult to distinguish between myth and reality – and a number of misconceptions have emerged, writes Spotcap managing director Lachlan Heussler.”

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Banks with Weak Cybersecurity Could Be Downgraded: S&P

From CFO –

“Standard & Poor’s on Monday said that it could downgrade banks with weak cybersecurity, even if they haven’t been attacked.

S&P has yet to downgrade any bank that has suffered a security breach because the cyberattacks so far have not resulted in reputational issues or monetary or legal damages that significantly hurt profits, S&P analysts led by Stuart Plesser wrote in a report.”

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