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America's economic prosperity in the 21st century will depend on cybersecurity."

President Obama has declared that the “cyber threat is one of the most serious economic and national security challenges we face as a nation” and that “America's economic prosperity in the 21st century will depend on cybersecurity.”As a result, the President directed a top-to-bottom review of the Federal Government's efforts to defend our information and communications infrastructure, which resulted in a report titled the Cyberspace Policy Review.

Hack on Saudi Aramco hit 30,000 workstations, oil firm admits

Saudi Arabia's national oil firm said that it had "restored all its main internal network services" hit by a malware outbreak that struck on 15 August. The firm said its core business of oil production and exploration was not affected by the attack, which resulted in a decision to suspend Saudi Aramco's website for a period of a few days, presumably as a precaution. Corporate remote access services were also suspended as a result of the attack.

Israeli defense hacked via tainted email

Hackers broke into an Israeli defense ministry computer via an email attachment tainted with malicious software that looked like it had been sent by the country's Shin Bet secret security service, an Israeli cyber security firm said on Sunday.

Banks and broadcasting systems in South Korea Are Paralyzed by Cyberattacks

Computer networks running three major South Korean banks and the country’s two largest broadcasters were paralyzed Wednesday in attacks that some experts suspected originated in North Korea, which has consistently threatened to cripple its far richer neighbor.

U.K. Ministry of Defence top secret systems hacked

Jonathan Shaw the British military's head of cyber-security said Cyber criminals have managed to hack into some of the Ministry of Defence's top secret computer systems

India's missile plans was stolen from DRDO by hacking

In a major security breach, around 50 computers belonging to the armed forces and the DRDO were hacked sometime back and classified files could have been compromised. Apparently in view of the development, an advisory has been issued to the Services that computers having internet facility should be kept at a distance from those on which classified work is conducted.

Target Hackers Broke in Via HVAC Company

Target told reporters at The Wall Street Journal and Reuters that the initial intrusion into its systems was traced back to network credentials that were stolen from a third party vendor. Sources now tell KrebsOnSecurity that the vendor in question was a refrigeration, heating and air conditioning subcontractor that has worked at a number of locations at Target and other top retailers.

Cyberwarfare greater threat to us than terrorism

Cyberwarfare is the greatest threat facing the United States – outstripping even terrorism – according to defense, military, and national security leaders in a Defense News poll, a sign that hawkish warnings about an imminent “cyber Pearl Harbor” have been absorbed in defense circles.

136 billions lost in 3 minutes by hacking

A false report of explosions at the White House that wiped out $136 billion from the Standard & Poor’s 500 Index in about two minutes highlighted the risks of the computerized trading that dominates the $18 trillion market.

Worldwide cost of identity theft reaches £3 billion

Five per cent of Britons have fallen victim to online phishing scams, losing an average of £100 each time, as the estimated worldwide cost of identity theft climbs to £3 billion a year.