Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 68.44
Bid: 68.40
Ask: 68.44
Change: 0.00 (0.00%)
Spread: 0.04 (0.058%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 68.44
VOD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-UN warns on mobile cybersecurity bugs in bid to prevent attacks

Sun, 21st Jul 2013 17:37

* UN's ITU to issue advisory to nearly 200 nations

* Advisory is on risk identified by German researchers

* Researchers develop remote attack on mobile SIM cards

* Researchers say at least 500 million phones vulnerable

By Jim Finkle

BOSTON, July 21 (Reuters) - A United Nations group thatadvises nations on cybersecurity plans to send out an alertabout significant vulnerabilities in mobile phone technologythat could potentially enable hackers to remotely attack atleast half a billion phones.

The bug, discovered by German firm, allows hackers toremotely gain control of and also clone certain mobile SIMcards.

Hackers could use compromised SIMs to commit financialcrimes or engage in electronic espionage, according to Berlin'sSecurity Research Labs, which will describe the vulnerabilitiesat the Black Hat hacking conference that opens in Las Vegas onJuly 31.

The U.N.'s Geneva-based International TelecommunicationsUnion, which has reviewed the research, described it as "hugelysignificant."

"These findings show us where we could be heading in termsof cybersecurity risks," ITU Secretary General Hamadoun Tourétold Reuters.

He said the agency would notify telecommunicationsregulators and other government agencies in nearly 200 countriesabout the potential threat and also reach out to hundreds ofmobile companies, academics and other industry experts.

A spokeswoman for the GSMA, which represents nearly 800mobile operators worldwide, said it also reviewed the research.

"We have been able to consider the implications and provideguidance to those network operators and SIM vendors that may beimpacted," said GSMA spokeswoman Claire Cranton.

Nicole Smith, a spokeswoman for Gemalto NV, theworld's biggest maker of SIM cards, said her company supportedGSMA's response.

"Our policy is to refrain from commenting on detailsrelating to our customers' operations," she said.

BECOMING THE SIM

Cracking SIM cards has long been the Holy Grail of hackersbecause the tiny devices are located in phones and allowoperators to identify and authenticate subscribers as they usenetworks.

Karsten Nohl, the chief scientist who led the research teamand will reveal the details at Black Hat, said the hacking onlyworks on SIMs that use an old encryption technology known asDES.

Nohl said he conservatively estimates that at least 500million phones are vulnerable to the attacks he will discuss atBlack Hat. He added that the number could grow if otherresearchers start looking into the issue and find other ways toexploit the same class of vulnerabilities.

The ITU estimates some 6 billion mobile phones are in useworldwide. It plans to work with the industry to identify how toprotect vulnerable devices from attack, Touré said.

Once a hacker copies a SIM, it can be used to make calls andsend text messages impersonating the owner of the phone, saidNohl, who has a doctorate in computer engineering from theUniversity of Virginia.

"We become the SIM card. We can do anything the normalphone users can do," Nohl said in a phone interview.

"If you have a MasterCard number or PayPal data on thephone, we get that too," if it is stored on the SIM, he said.

The newly identified attack method only grants access todata stored on the SIM, which means payment applications thatstore their secrets outside of the SIM card are not vulnerableto this particular hacking approach.

Yet Nohl warned that when data is stored outside of a SIMcard it could fall victim to a large range of other alreadyknown vulnerabilities, which is what has prompted the industryto put payment information on SIMs in the first place.

IPHONE, ANDROID, BLACKBERRY

The mobile industry has spent several decades definingcommon identification and security standards for SIMs to protectdata for mobile payment systems and credit card numbers. SIMsare also capable of running apps.

Nohl said Security Research Labs found mobile operators inmany countries whose phones were vulnerable, but declined toidentify them. He said mobile phone users in Africa could beamong the most vulnerable because banking is widely done viamobile payment systems with credentials stored on SIMs.

All types of phones are vulnerable, including iPhones fromApple Inc, phones that run Google Inc's Android software and BlackBerry Ltd smartphones, hesaid.

BlackBerry's director of security response and threatanalysis, Adrian Stone, said in a statement that his companyproposed new SIM card standards last year to protect against thetypes of attacks described by Nohl, which the GSMA has adoptedand advised members to implement.

Apple and Google declined comment.

CTIA, a U.S. mobile industry trade group based inWashington, D.C., said the new research likely posed noimmediate threat.

"We understand the vulnerability and are working on it,"said CTIA Vice President John Marinho. "This is not what hackersare focused on. This does not seem to be something they areexploiting."

More News
16 Nov 2023 04:30

TRADING UPDATES: Zephyr Energy sales fall in third quarter

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
15 Nov 2023 09:41

LONDON BROKER RATINGS: Deutsche likes Compass; Numis cuts Elementis

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
14 Nov 2023 17:04

LONDON MARKET CLOSE: FTSE 100 underwhelms as stocks jump after US CPI

(Alliance News) - European equities jumped in the wake of a cooler-than-expected US inflation reading, which took some sting out of a recent hawkish reassessment of the Federal Reserve interest rate outlook.

Read more
14 Nov 2023 16:18

London close: Stocks turn higher on cooler US inflation report

(Sharecast News) - London's stock markets had managed to turn positive by the close on Tuesday after a lower-than-expected inflation report from the United States boosted confidence while investors also mulled the latest UK jobs data.

Read more
14 Nov 2023 12:00

LONDON MARKET MIDDAY: FTSE 100 underperforms before US inflation

(Alliance News) - London's FTSE 100 went into Tuesday afternoon in the red, hurt by a stronger pound, though European peers were in better shape ahead of a key US inflation reading.

Read more
14 Nov 2023 09:36

TOP NEWS: Vodafone interim profit falls but maintains annual guidance

(Alliance News) - Vodafone Group PLC on Tuesday reported a lower profit in its financial first half but hailed growth in Germany.

Read more
14 Nov 2023 07:17

Vodafone maintains guidance as first-half earnings fall

(Sharecast News) - Vodafone Group reported a 4.2% increase in group service revenue in its first half on Tuesday, to €18.62bn, or 2.3% excluding Turkey, although overall revenue and profits fell.

Read more
13 Nov 2023 15:29

IN BRIEF: Zegona raises EUR300 million in placing for Vodafone deal

Zegona Communications PLC - London-based investor in European telecommunications, media and technology sector - Raises EUR300 million from share placing, with the funds to go towards Zegona's acquisition of the Spanish arm of Vodafone Group PLC at an enterprise value of EUR5 billion, including debt. Zegona places 174.4 million new shares at 150 pence each. It intends to raise EUR8 million more via a retail offer at the same price via the PrimaryBid platform. The placing shares will represent 99% of Zegona's share capital upon admission to trading.

Read more
13 Nov 2023 12:28

Tuesday preview: US consumer prices, Vodafone in focus

(Sharecast News) - Financial markets' attention on Tuesday will be on the latest consumer price data in the U.S..

Read more
13 Nov 2023 10:00

TOP NEWS: Vodafone partners with Accenture for share services business

(Alliance News) - Telecommunications provider Vodafone Group PLC on Monday said it has struck an agreement with Accenture to form a new shared services joint venture.

Read more
13 Nov 2023 07:41

LONDON BRIEFING: BAE backs upgraded guidance; Royal Mail fined

(Alliance News) - Stocks in London are called higher on Monday, as investors look ahead to the latest US inflation print.

Read more
13 Nov 2023 07:27

Vodafone unveils plans for strategic partnership with Accenture

(Sharecast News) - Vodafone Group unveiled plans for a strategic partnership with Accenture on Monday to accelerate the commercialisation of shared operations.

Read more
9 Nov 2023 14:14

EARNINGS AND TRADING: Chapel Down hopes to make splash on AIM

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
7 Nov 2023 15:51

UK earnings, trading statements calendar - next 7 days

Wednesday 8 November 
Conduit Holdings LtdQ3 Results
Hiscox LtdTrading Statement
HgCapital Trust PLCQ3 Results
ITV PLCTrading Statement
JD Wetherspoon PLCQ1 Results
Marks & Spencer Group PLCHalf Year Results
MaxCyte IncQ3 Results
Secure Trust Bank PLCTrading Statement
Smiths News PLCFull Year Results
Time Out Group PLCFull Year Results
Thursday 9 November 
3i Group PLCHalf Year Results
Apax Global Alpha LtdQ3 Results
AstraZeneca PLCQ3 Results
Auto Trader Group PLCHalf Year Results
B&M European Value Retail SAHalf Year Results
Burford Capital LtdQ3 Results
Domino's Pizza Group PLCTrading Statement
Endeavour Mining PLCQ3 Results
Flutter Entertainment PLCTrading Statement
IMI PLCTrading Statement
Indivior PLCQ3 Results
John Wood Group PLCTrading Statement
Lancashire Holdings LtdTrading Statement
National Grid PLCHalf Year Results
Regional REIT LtdTrading Statement
Renewi PLCHalf Year Results
S4 Capital PLCTrading Statement
Tate & Lyle PLCHalf Year Results
Taylor Wimpey PLCTrading Statement
TBC Bank Group PLCQ3 Results
TheWorks.co.uk PLCTrading Statement
Trakm8 Holdings PLCHalf Year Results
Urban Logistics REIT PLCHalf Year Results
Vistry Group PLCTrading Statement
WH Smith PLCFull Year Results
Wincanton PLCHalf Year Results
Wizz Air Holdings PLCHalf Year Results
Friday 10 November 
Allianz Technology Trust PLCQ3 Results
Wheaton Precious Metals CorpQ3 Results
Monday 13 November 
Bank of Cyprus Holdings PLCQ3 Results
British Land Co PLCHalf Year Results
Kainos Group PLCHalf Year Results
Team Internet Group PLCQ3 Results
Tuesday 14 November 
ActiveOps PLCHalf Year Results
Babcock International Group PLCHalf Year Results
Bank of Georgia Group PLCQ3 Results
Castings PLCHalf Year Results
ConvaTec Group PLCTrading Statement
DCC PLCHalf Year Results
Forterra PLCHalf Year Results
Gear4Music PLCHalf Year Results
Genel Energy PLCTrading Statement
HydrogenOne Capital Growth PLCQ3 Results
Hill & Smith PLCTrading Statement
Imperial Brands PLCFull Year Results
Informa PLCTrading Statement
Land Securities Group PLCHalf Year Results
Oxford Instruments PLCHalf Year Results
Picton Property Income LtdHalf Year Results
Renalytix PLCQ1 Results
Tullow Oil PLCTrading Statement
Vesuvius PLCTrading Statement
Vodafone Group PLCHalf Year Results
Wise PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
7 Nov 2023 09:28

LONDON BROKER RATINGS: Watches of Switzerland impresses HSBC; Asos cut

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.