A number of developments show that this is an area which does not stand still.
An article by Yotam Katz, Product Manager at IntSights, Deepfakes: a future threat to watch as cybercriminals develop their skills in this area, raises concern that verbal confirmation of payment instructions may not invariably provide sufficient protection against fraud. (Link: www.legalrisk.co.uk/News.)
IT security company Sophos published an article identifying a major concern that two factor authentication may have been compromised: Cryptocoin broker Crypto.com says 2FA bypass led to $35m theft. The article outlines several possible causes.
The Superior Court of New Jersey has held, in Merck and International Insurance v ACE American Insurance, Docket No. UNN-L-2682-18, that a war exclusion did not apply to a claim arising from the NotPetya cyber-attack, widely attributed to the Russian military. This may arise in relation to war exclusions in cyber policies here.
The Information Commissioner’s Office (ICO) has commented on the Government’s advertising campaign on end to end encryption; the No Place to Hide campaign says Facebook should abandon plans for end-to-end encryption in its Messenger app, saying it helps to hide child abuse, and promoting the concept of back door access for law enforcement. The ICO says encryption serves an important role both in safeguarding our privacy and online safety.
The issue was previously addressed in the European Commission’s Article 29 Working Party Statement on encryption, which was opposed to back door access on the basis that strong encryption was essential to ensure a free flow of data, and citing examples of master keys and backdoors compromising security.
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