Today X-Force, IBM's security research and development arm, released its 2008 Midyear Trend Statistics report that indicates cyber-criminals are adopting new automation techniques and strategies that allow them to exploit vulnerabilities much faster than ever before. The new tools are being implemented on the Internet by organized criminal elements, and at the same time public exploit code published by researchers are putting more systems, databases and ultimately, people at risk of compromise. more
Bangladesh's central bank governor has resigned today amidst theft of $81 million from the bank's U.S. account, as details emerged in the Philippines that $30 million of the money was delivered in cash to a casino junket operator in Manila. more
"The ability for the government to sanction cybercriminals will last for at least one more year," Martyn Williams reporting form IDG News Service. more
The latest issue of Policy Review from the Hoover Institution, a public policy research center -- focused on advanced study of politics, economics, and political economy -- has an essay titled eWMDs – electronic weapons of mass destruction. The Policiy Review readers are warned that botnets should be considered a serious security problem and that "cyber attacks present a grave new security vulnerability for all nations and must be urgently addressed." more
Production at a Honda domestic vehicle plant was halted for a day this week as a result of the discovery of WannaCry ransomware in the computer network, the company reports. more
State and county election officials across the country employ thousands of computers in election administration, most of them are connected (from time to time) to the internet (or exchange data cartridges with machines that are connected). In my previous post I explained how we must audit elections independently of the computers, so we can trust the results even if the computers are hacked. more
While Russia and Ukraine are generally regarded as today's main cybercrime hubs, "a lot of their infrastructure is housed in the west, in the United States to be precise," writes Vincent Hanna of Spamhaus Project. "Without exception, all of the major security organizations on the Internet we know of agree that the 'Home' of cybercrime in the western world is a place known as Atrivo/Intercage. We ourselves have not come to this conclusion lightly but from many years of dealing with criminal operations hosted by Atrivo/Intercage, gangs of cybercriminals -- mostly Russian and East European but with several US online crime gangs as well -- whose activities always lead back to servers run by Atrivo/Intercage..." more
Multiple US federal agencies are grappling with a global cyberattack exploiting a flaw in the widely-used MOVEit software. The US Cybersecurity and Infrastructure Security Agency (CISA) is working closely with the affected agencies to understand the impact and expedite remediation efforts. more
"Over the past year or two, someone has been probing the defenses of the companies that run critical pieces of the Internet," wrote renowned security expert, Bruce Schneier, in a piece published in Lawfare. more
"Hackers infect army of cameras, dvrs for massive internet attacks," reports Drew Fitzgerald in the Wall Street Journal. more
The release on websites this week of what appears to be top-secret computer code that the National Security Agency has used to break into the networks of foreign governments and other espionage targets has caused deep concern inside American intelligence agencies, raising the question of whether America's own elite operatives have been hacked and their methods revealed. more
resident Obama announced today that he has reached a "common understanding" with Chinese President Xi Jinping on curbing economic cyber espionage, but threatened to impose U.S. sanctions on Chinese hackers who persist with cyber crimes. more
Russia's military intelligence agency launched a cyberattack just days before Election Day 2016 on a U.S. software supplier that provides voting services and systems, according to a top secret report posted Monday by The Intercept. more
The first joint cyber security exercise between the EU and US is being held today in Brussels, with the support of the EU's cyber security Agency ENISA and the US Department of Homeland Security. The day-long table-top exercise, named "Cyber Atlantic 2011", is using simulated cyber-crisis scenarios to explore how the EU and US would engage each other and cooperate in the event of cyber-attacks on their critical information infrastructures. more
New York state is proposing new rules requiring banks and insurance companies to establish cybersecurity programs and designate an internal cybersecurity officer. more