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Cybercrime, Underground Economy Booming, Stolen Credit Card Data Main Driver

Credit card information is the most advertised category of goods and services on the underground economy accounting for 31 percent of the total, according to recent data found by security experts. In a report released today by Symantec, stolen credit card numbers are reported to sell for as little as $0.10 to $25 per card with the average advertised stolen credit card limit at more than $4,000. According to calculations, the potential worth of all credit cards advertised during the reporting period was $5.3 billion. more

Phishers Expand Number of Top Level Domains Abused, Policy Changes Found Effective in Prevention

The new Global Phishing Survey released by the Anti-Phishing Working Group (APWG) this month reveals that phishing gangs are concentrating their efforts within specific top level domains (TLDs), but also that anti-phishing policies and mitigation programs by domain name registrars and registries can have a significant and positive effect. The number of TLDs abused by phishers for their attacks expanded 7 percent from 145 in H2/2007 to 155 in H1/2008. The proportion of Internet-protocol (IP) number-based phishing sites decreased 35 percent in that same period, declining from 18 percent in the second half of 2007 to 13 percent in the first half of 2008. more

Global Broadband Users Hit 400 Million, 680 Million by 2013, Says Report

As the total number of broadband lines in the world passes 400 million, market research firm Point Topic forecasts that the total in the 40 biggest broadband countries in the world will grow from 393 million by the end of 2008 to 635 million by 2013. Broadband in the rest of the world will grow from 16 million to 48 million lines in the same period, so the world will add 273 million lines to reach 683 million in total. This represents a 10.8% per year compound growth rate, well down from 27.7% per year in the 2004 to 2008 period, but still substantial. more

Broadband Internet Crunch is Beginning to Occur

Internet demand remains at a rate which could outpace capacity within the next two to four years, according to "Internet Interrupted: Why Architectural Limitations Will Fracture the 'Net," a new report today from Nemertes Research. ...If left unaddressed, the development of next generation applications, from software to interactive video, will likely be stifled as users find Internet infrastructure incapable of efficiently delivering quality content. more

Google’s Chief Suggests Applying Open Principles of Internet to Energy Infrastructure

Google's Chief Executive Officer Eric Schmidt, a member of President-elect Barack Obama's Transition Economic Advisory Board, said the government needs to focus on the areas of broadband infrastructure, research and alternative energy in an effort to rebuild the nation's economy. Openness is critical for that, he argued. The end-to-end principle that underlies the Internet, the open network, is a must. "It is that openness, the ability that anyone can play ... that drives the modern economy... Why don't we do the same thing with the energy grid? ...isn't it obvious?" more

UPDATEDJudges Grants Stay in Kentucky Domain Seizure Case

A Court of Appeals in Kentucky has granted a motion to delay a forfeiture hearing that will determine the fate of 141 domain names related to online gambling and poker sites. The Interactive Media Entertainment and Gaming Association (iMEGA), an Internet trade association based in Washington, D.C., asked the three-panel appeals courts to grant a stay so that the appeals court could consider iMEGA's petition to have the lower court seizure ruling overturned. more

Susan Crawford, Kevin Werbach Named Obama’s FCC Review Team Leads

We'd like to congratulate our long time CircleID participants, Susan Crawford and Kevin Werbach for being named today as Obama-Biden FCC Transition Team Leads. Susan Crawford, is a professor at the University of Michigan Law School who recently ended her term as a member of the Board of Directors of ICANN and is the founder of OneWebDay. Kevin Werbach, is an Assistant Professor of Legal Studies at The Wharton School, University of Pennsylvania. He is also the founder of the Supernova Group and the organizer of Supernova, a leading executive technology conference. more

Major ISPs to Roll Out P4P Over the Next Two Months

Some of the largest ISPs in US, including phone and cable companies, plan on updating their networks over the next two months with a new technology that promises to accelerate P2P distribution. According to reports, recent trials have demonstrated 59% increase in download delivery speeds on average -- and up to 150% for the fastest class of users. more

Government Net censorship Plan Facing Backlash in Australia

As opposition grows against the Government's controversial plan to censor the internet, the head of one of Australia's largest ISPs has labeled the Communications Minister the worst we've had in the past 15 years. Despite significant opposition from internet providers, consumers, engineers, network administrators and online rights activists, the Government is pressing ahead with its election promise of protecting people from unwanted material, this week calling for expressions of interests from ISPs keen to participate in live trials of the proposed internet filtering system. Michael Malone, head of iiNet, Australia's largest ISP, said he would sign up to be involved in the "ridiculous" trials, just to show how impractical it is. more

DDoS Attacks Getting More Powerful, ISPs Report Concern Over New Threats and Budget Pressures

Massive distributed denial of service (DDoS) attacks against ISPs and their customers have almost doubled over the past year, according to a new security report. Attacks on networks making them unavailable to intended users -- also known as distributed denial of service (DDoS) attacks -- exceeded 40 gigabits in the last year according to Arbor Networks' annual survey of ISPs from North America, South America, Europe and Asia. more

Study Indicates Spammers Turning Profit Despite One in 12.5m Response Rates

A recent study has revealed some of the economics behind junk mail and spam conversion rates conducted in early 2008 by computer scientists from University of California, Berkeley and UC, San Diego (UCSD). The analysis has suggested that spam operations are able to remain profitable and generate millions from minute response rates. The study is described as the first large-scale quantitative study of spam conversion. more

Defense Science Board Urges Obama to Take Immediate Cybersecurity Measures

According to a report by the Defense Science Board, the President-elect Barack Obama will inherit a cybersecurity infrastructure that is ill-prepared for advanced cyberattacks which will be of particular challenge for the new leaders... Reporting today on eWeek, Roy Mark writes: "The Bush administration has been widely criticized by security experts as de-emphasizing cyber-security and hamstringing the authority of officials in charge of government-wide cyber-security" said Roy Mark in a report eWeek." more

Consumers Worldwide Getting Better Deals on Broadband Access, Says New Study

According to a report released today by market research company Point Topic, consumers worldwide are getting better deals on broadband. Out of the three main broadband technologies, DSL, Cable, and Fiber, DSL has seen the largest worldwide fall in average price for a subscription which dropped from $66.75 in first quarter of this year to $53.32 in third quarter. That is a 20% drop in the first 3 quarters of the year. In comparison average subscription prices for cable are down just over 12% and for different versions of fiber (often called FTTx) down by 6.5%. more

FCC Approves White Space for Broadband in Unanimous Vote

The Federal Communications Commission (FCC) today approved, in a 5-0 unanimous vote, the plan to open up unused, unlicensed portions of TV white space spectrum for wireless applications and devices. However, to prevent interference, FCC has also placed some "rigorous certification process" which device offered by a technology company for use on the white spaces will have to go through. more

Sinowal Trojan May Be One of the Worst Crimeware Ever Created

A sophisticated cybercrime group that has maintained an especially devious Trojan horse for nearly three years has stolen login credentials of close to 300,000 online bank accounts and almost as many credit cards during that time, according to reports released today by RSA FraudAction Research Lab. The spyware is called Sinowal Trojan, also known as Torpig and Mebroot. RSA reports that their findings are based on data collected on this Trojan over the course of almost three years -- including information regarding its design and its infrastructure. Findings indicate that this may be one of the most pervasive and advanced pieces of crimeware ever created by fraudsters, say RSA experts. more

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