Cyberattack

Is Blockchain Causing More Cybersecurity Attacks in the Financial Industry?

There's a lot of misunderstanding about blockchain. A recent study by HSBC, for example, found that 59 percent of customers around the world had never heard of it. Yet, while that alone is quite telling, it's probably more alarming to consider the fact that very same poll revealed that 80 percent of people who had hard of blockchain did not understand what it is. This level of confusion isn't confined to the general population either. more

1 Terabit DDoS Attacks Become a Reality; Reflecting on Five Years of Reflections

Reflection amplification is a technique that allows cyber attackers to both magnify the amount of malicious traffic they can generate, and obfuscate the sources of that attack traffic. For the past five years, this combination has been irresistible to attackers, and for good reason. This simple capability, of turning small requests into larger, 'amplified' responses, changed the Distributed Denial of Service (DDoS) attack landscape dramatically. more

1.3 Tbps DDoS Attack Against GitHub is Largest Attack Seen to Date, Says Akamai

According to Akamai, the incident was the largest attack seen to date, "more than twice the size of the September 2016 attacks that announced the Mirai botnet and possibly the largest DDoS attack publicly disclosed." more

‘First True’ Native IPv6 DDoS Attack Reported

Possibly the first documented native IPv6 DDoS attack reported today suggests a DNS dictionary attack which originated from around 1,900 different native IPv6 hosts, on more than 650 different networks. more

Why Is It So Hard to Run a Bitcoin Exchange?

One of the chronic features of the Bitcoin landscape is that Bitcoin exchanges screw up and fail, starting with Mt. Gox. There's nothing conceptually very hard about running an exchange, so what's the problem? The first problem is that Bitcoin and other blockchains are by design completely unforgiving. If there is a bug in your software which lets people steal coins, too bad, nothing to be done. more

Voluntary Reporting of Cybersecurity Incidents

One of the problems with trying to secure systems is the lack of knowledge in the community about what has or hasn't worked. I'm on record as calling for an analog to the National Transportation Safety Board: a government agency that investigates major outages and publishes the results. In the current, deregulatory political climate, though, that isn't going to happen. But how about a voluntary system? more

Former Yahoo CEO Marissa Mayer Apologizes for Data Breach, Blames Russian Agents

Former Yahoo CEO Marissa Mayer apologized today at the Senate Commerce, Science and Transportation hearing regarding massive data breaches at the internet company, blaming Russian agents. more

The Darkening Web: Is there Light at the end of the Tunnel?

In his book "The Darkening Web: The War for Cyberspace" (Penguin Books, New York 2017), Alexander Klimburg, an Austrian-American academic, gives "Internet Dreamers" a "Wake Up Call". He tells us the background-story why people start to be "anxious about the future of the Internet", as the recent ISOC Global Internet Report "Paths to Our Digital Future" has recognized. Klimburg refers to Alphabets CEO Erich Schmidt, who once said that "the Internet is the first thing that humanity has built that humanity does not understand". more

The IoT Needs a Paradigm Shift from Security to Safety of Connected Devices

Building IoT ventures from scratch by prototyping hardware devices and their backend systems as well as working for a large company that tries to sell IoT devices itself, we learned a lot about the pitfalls and problems concerning security in the IoT. Nearly every connected device out there proved to be vulnerable to attacks. Researchers showed that it's possible to remotely take control over autonomous vehicles, implanted medical devices were manipulated, voting machines compromised and of course all sorts of other "smart" devices... more

Security Costs Money. So - Who Pays?

Computer security costs money. It costs more to develop secure software, and there's an ongoing maintenance cost to patch the remaining holes. Spending more time and money up front will likely result in lesser maintenance costs going forward, but too few companies do that. Besides, even very secure operating systems like Windows 10 and iOS have had security problems and hence require patching. (I just installed iOS 10.3.2 on my phone. It fixed about two dozen security holes.) more

While Cyberspace Is Entering an Era of Warring States, There Remains a Chance to Make a Difference

For the non-state actors who are making efforts to approach cybersecurity issue in a different and creative way, the state actors, however, have given clear signs that they have exhausted their patience and insisted on doing things alone by bringing traditional old tricks back into cyberspace. This is exemplified in the bilateral meeting of two cyber sovereigntists - the Chinese and U.S. presidents on April 6-7, and in the multilateral G7 Declaration on Responsible States Behavior in Cyberspace on April 11. more

Internet Governance Outlook 2017: Nationalistic Hierarchies vs. Multistakeholder Networks?

Two events, which made headlines in the digital world in 2016, will probably frame the Internet Governance Agenda for 2017. October 1, 2016, the US government confirmed the IANA Stewardship transition to the global multistakeholder community. November 2, 2016, the Chinese government announced the adoption of a new cybersecurity law which will enter into force on July 1, 2017. more

There are Reports of Widespread Post-Election Spear Phishing Campaigns Targeting Think Tanks, NGOs

In the wake of the 2016 United States Presidential Election, not even six hours after Donald Trump became the nation's President-Elect, an advanced persistent threat (APT) group launched a series of coordinated and well-planned spear phishing campaigns. more

Substantial DDoS Attack Disrupts Twitter, Netflix, Visa and other Major Sites

Major internet sites were disrupted for several hours this morning as internet infrastructure provider Dyn reported it was under a cyberattack, mainly affecting traffic on the U.S. East Coast. more

New Trojan Used in High Level Financial Attacks, Multiple Banks Attacked

Since January 2016, discreet campaigns involving malware called Trojan.Odinaff have targeted a number of financial organizations worldwide, warned Symantec Security Response team on Tuesday. more