Cybercrime

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

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

Phishing: the Worst of Times in the DNS

The Anti-Phishing Working Group has released its latest Global Phishing Survey, written by myself and Rod Rasmussen. This report comprehensively examines a large data set of more than 250,000 confirmed phishing attacks detected in 2015 and 2016. By analyzing this cybercrime activity, we have learned more about what phishers have been doing, and how they have done it. Unfortunately, there's more phishing than ever, and phishers are registering more domain names than ever. 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

Should You Pay Ransomware Demands?

Ransomware is a huge problem for small and medium businesses, and the most important question is this: should you pay the ransom? Ransomware has proven a successful revenue generator for criminals, which means the risk to businesses will grow as ransomware becomes more sophisticated and increasing numbers of ethically challenged criminals jump on the bandwagon. 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

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

DDOS Attackers - Who and Why?

Bruce Schneier's recent blog post, "Someone is Learning How to Take Down the Internet", reported that the incidence of DDOS attacks is on the rise. And by this he means that these attacks are on the rise both in the number of attacks and the intensity of each attack. A similar observation was made in the Versign DDOS Trends report for the second quarter of 2015, reporting that DDOS attacks are becoming more sophisticated and persistent in the second quarter of 2016. more

Feds Shut Down Largest File-Sharing Site KickassTorrents - Founder Arrested, Domains Seized

"U.S. Authorities Charge Owner of Most-Visited Illegal File-Sharing Website with Copyright Infringement" – statement issued by United States Department of Justice on Thursday: "U.S. authorities have charged the alleged owner of today's most visited illegal file-sharing website with criminal copyright infringement and have seized domain names associated with the website." more

Internet Pharmacy Safeguards, We Salute You

As I wrote in December 2015, some Internet commerce companies - including domain name registries, registrars, advertising providers, social media platforms, payment processors and shippers - are doing right by patients in taking voluntary action against illegal online drug sellers. This is no small feat as 97% of the roughly 35,000 active online drug sellers are operating illegally. more

Cheers! Registries and Registrars Doing the Right Thing by Patients

Domain name registration is a hot industry. Registrars represent a growing multi-billion dollar industry with the keys to the Internet for any organization hoping to have a web presence. Further, because of their role as one of the gatekeepers to the Internet, registrars have the unique ability and are often asked to take action against illegal activity online. This fact was highlighted in the report released this week by the Office of the U.S. Trade Representative, the 2015 Out-of-Cycle Notorious Markets List. more

Officially Compromised Privacy

The essence of information privacy is control over disclosure. Whoever is responsible for the information is supposed to be able to decide who sees it. If a society values privacy, it needs to ensure that there are reasonable protections possible against disclosure to those not authorized by the information's owner. In the online world, an essential technical component for this assurance is encryption. If the encryption that is deployed permits disclosure to those who were not authorized by the information's owner, there should be serious concern about the degree of privacy that is meaningfully possible. more

The Cyber Security Ecosystem: Collaborate or Collaborate - It’s Your Choice

As cyber security as a field has grown in scope and influence, it has effectively become an 'ecosystem' of multiple players, all of whom either participate in or influence the way the field develops and/or operates. It's increasingly evident that, more than ever, it is crucial for those players to collaborate and work together to enhance the security posture of communities, nations and the globe. more