Cyberattack

U.S. Preparing Sanctions Against Chinese Firms and Individuals over Cyberespionage

The Obama administration is developing a package of unprecedented economic sanctions against Chinese companies and individuals who have benefited from their government’s cybertheft of valuable U.S. trade secrets. The U.S. government has not yet decided whether to issue these sanctions, but a final call is expected soon, perhaps even within the next two weeks. more

Security Against Election Hacking - Part 1: Software Independence

There's been a lot of discussion of whether the November 2016 U.S. election can be hacked. Should the U.S. Government designate all the states' and counties' election computers as "critical cyber infrastructure" and prioritize the "cyberdefense" of these systems? Will it make any difference to activate those buzzwords with less than 3 months until the election? First, let me explain what can and can't be hacked. Election administrators use computers in (at least) three ways... more

China Taking Steps to Show it is Responsive to Foreign Concerns on Cybersecurity

"China Sets New Tone in Drafting Cybersecurity Rules," By Eva Dou in Beijing and Rachael King in San Francisco reporting in the Wall Street Journal. more

Ukraine Conflict Transformed the Cyber Threat Landscape, Says Google

According to a recent analysis, the cyber threat landscape has changed dramatically one year since the Russian invasion of Ukraine. Google TAG, Mandiant, and Trust & Safety have released a report titled, Fog of War: How the Ukraine Conflict Transformed the Cyber Threat Landscape, based on analysis from Google’s Threat Analysis Group (TAG), Mandiant, and Google Trust & Safety. more

Nitro Attacks Target the Chemical Industry

New security report has revealed at least 48 companies involved in research, development, manufacturing of chemicals and advanced materials have been victims of a coordinated cyberattack traced to a source in China. The purpose of the attacks, code named Nitro, appear to be industrial espionage, collecting intellectual property for competitive advantage, according to Symantec. more

Canadian Energy Firms at Bigger Risk of Cyberattack

The Canadian Security Intelligence Service (CSIS) is reported to have warned companies about an increasing risk of cyber espionage and attacks on pipelines, oil storage and shipment facilities. more

Al Jazeera Under Systematic Cyberattack

The websites and digital platforms of Qatar-based Al Jazeera Media Network are undergoing systematic and continual hacking attempts, the news agency reported a few hours ago on its website. more

Hacking Group Anonymous Claims Responsibility for Massive Cyberattack on Turkey

The hacking group Anonymous has claimed responsibility for a massive cyberattack on Turkish internet servers over the past week, saying it will continue its assault if Turkey "doesn't stop supporting" Islamic State in Iraq and the Levant (Isil). more

Bruce Schneier: The Threat of Cyberwar Grossly Exaggerated

Security expert Bruce Schneier in a blog post today writes: "It's about who is in charge of cyber security, and how much control the government will exert over civilian networks. And by beating the drums of war, the military is coming out on top. ... General Keith Alexander, the current commander of the U.S. Cyber Command, hypes it every chance he gets. This isn't just rhetoric of a few over-eager government officials and headline writers; the entire national debate on cyberwar is plagued with exaggerations and hyperbole." more

Malware Detection Declining, Anti-Phishing Filters Detect Less than 50% of Attacks, Says Report

A study comparing best-of-breed computer security vendors suggests more than half of active malware and phishing threats on the Internet go undetected, with an average detection rate of 37% for malware and 42% for phishing. "Given the dynamic nature of today's online threats and the traditionally reactive approach taken by today's malware and phishing detection technology, conventional signature-based solutions are inherently at a disadvantage to keep up," said Panos Anastassiadis, CEO and Chairman of Cyveillance. "Because the majority of damage occurs during the first 24 hours of an attack, early detection of attacks is crucial." more

NIST Issues Smart Grid Cybersecurity Guidelines

The National Institute of Standards and Technology (NIST) issued today its first Guidelines for Smart Grid Cyber Security, which includes high-level security requirements, a framework for assessing risks, an evaluation of privacy issues at personal residences, and additional information for businesses and organizations to use as they craft strategies to protect the modernizing power grid from attacks, malicious code, cascading errors, and other threats. more

New Research Reveals 56% Rise in Cost of Cybercrime

New research indicates cyberattacks increasingly plague businesses and government organizations, resulting in significant financial impact, despite widespread awareness. Conducted by the Ponemon Institute, the Second Annual Cost of Cyber Crime Study revealed that the median annualized cost of cybercrime incurred by a benchmark sample of organizations was $5.9 million per year, with a range of $1.5 million to $36.5 million each year per organization. This represents an increase of 56 percent from the median cost reported in the inaugural study published in July 2010. more

ITU Putting Global Cyber Security on Top of Its Agenda

Lisa Schlein of the Voice of America reports: "A new system for tackling the growing number of Global Cyber Attacks has been unveiled at ITU Telecom World 2009, a mammoth exhibition, which showcases the latest advances in ICT or information and communications technology. The International Telecommunications Union, which is sponsoring the event, has put global cyber security at the heart of its agenda. 'As you well know, the next world war could happen in the cyber space and that would be a catastrophe,' said ITU secretary-general, Hamdoun Toure." more

Pokemon Go Server Outage, Hacking Group Claims Credit

OurMine claims credit for DDoS attack on Pokemon Go servers: Several news outlets have reported the hacking group OurMine - also notorious for compromising social media accounts of various celebrities - on Monday took responsibility of hacking the game servers. more

The Emotional Cost of Cybercrime

We know more and more about the financial cost of cybercrime, but there has been very little work on its emotional cost. David Modic and I decided to investigate. We wanted to empirically test whether there are emotional repercussions to becoming a victim of fraud (Yes, there are). We wanted to compare emotional and financial impact across different categories of fraud and establish a ranking list (And we did). more