Cyberattack

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

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

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

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

C-SPAN Interview: Internet and Cybersecurity

C-SPAN interviews professor Gene Spafford from Purdue University on the topic of cybersecurity and how the current Internet is a conduit for all types of "cybercrime". He also talks about the much discussed article "A New Internet?" by John Markoff in the February 14, 2009, New York Times in which he was quoted. The piece argued for a new type of Internet that is more secure with the trade-off of users giving up more of their anonymity. Professor Spafford talks about alternative solutions and he responded to questions via telephone calls and email. 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

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

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

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

Senior U.S. and Chinese Officials Conclude Four-Day Meeting on Cyber Security

Senior U.S. and Chinese officials concluded a four day meeting on Saturday discussing cyber security issues ahead of Chinese President Xi Jinping's visit to Washington later this month. more

Extreme Cyberattack Could Cost as Much as Superstorm Sandy, Says Insurer Lloyd’s of London

A global cyberattack has the potential to cost $120bn in economic losses, roughly the equivalent of a catastrophic natural disaster like 2012’s Superstorm Sandy, a scenario described in new research by Lloyd’s of London and Cyence, a cyber-risk analytics modeling firm. more

The Massive Cyberattack or Chronicle of a Strike Foretold

During the last Computer Law Conference organized by ADIAR (Argentina Computer Law Association) and the Universidad Nacional de Sur, I gave a conference on the Internet of Things, cybercrime and dangerous situation presented by the lack of proper regulation -- a topic in which I have one of my research projects. At the moment some people argued that I was talking about something that might happen in a relatively distant future, dissenting with my view that the possibility was imminent.. more

Google’s Project Zero Team Discovers Critical Vulnerabilities in Symantec and Norton

"These vulnerabilities are as bad as it gets," says Google's Information Security Engineer, Tavis Ormandy, in reference to multiple critical vulnerabilities discovered affecting Symantec, a popular vendor in the enterprise security market. more

Obama: From Now On Digital Infrastructure Treated As Strategic National Asset

In a speech today from the White House, President Obama declared that the United States' computers and digital networks are strategic national assets and that he will personally appoint a cybersecurity coordinator to oversee the effort to protect this critical infrastructure. more

Gaza Conflict Spilling Over Into the Internet, Cyberwar Underway

Whatever your personal perspective of the rights and wrongs of the current Arab-Israeli war in Gaza, there is a second front being fought on the Internet, says Jart Armin of HostExploit.com in a blog post today. "This form of warfare is a battle of words and often vivid imagery engaged by hackers from either side of the divide." more