Cybercrime

SEC Reinforces and Expands Its Cybersecurity Guidance for Public Companies

The Securities and Exchange Commission has issued an updated guidance for public companies in preparing disclosures about cybersecurity risks and incidents. more

Report Estimates Cybercrime Taking $600 Billion Toll on Global Economy

Cybercrime is costing businesses close to $600 billion, or 0.8 percent of global GDP, according to a report released today by McAfee, in partnership with the Center for Strategic and International Studies (CSIS). more

Botnets Shift Focus to Credential Abuse, Says Latest Akamai Report

Akamai's Fourth Quarter, 2017 State of the Internet, was released today in which it states that the analysis of more than 7.3 trillion bot requests per month has found a sharp increase in the threat of credential abuse, with more than 40 percent of login attempts being malicious. more

UK’s Government Websites Infected by Cryptocurrency Mining Malware

Thousands of websites are reported to have been infected by malware over the weekend forcing visitors' computers to mine cryptocurrency while using the sites. more

Gold Dragon Helps Olympics Malware Attacks Gain Permanent Presence on Systems, Reports McAfee

A report recently released by McAfee Advanced Threat Research (ATR) revealed a fileless attack targeting organizations involved with the Pyeongchang Olympics. more

CircleID’s Top 10 Posts of 2017

It is once again time for our annual review of posts that received the most attention on CircleID during the past year. Congratulations to all the 2017 participants for sharing their thoughts and making a difference in the industry. 2017 marked CircleID's 15th year of operation as a medium dedicated to all critical matters related to the Internet infrastructure and services. We are in the midst of historic times, facing rapid technological developments and there is a lot to look forward to in 2018. more

A Safe Pharmacy Environment in the Digital Age

Today's ever-evolving, digital world has fundamentally changed, enhanced and challenged the way in which businesses all over the world must operate. For organizations and professions that have existed for centuries, this has created the opportunity and the test of adapting to change to remain successful and relevant. The National Association of Boards of Pharmacy (NABP) was founded in 1904, at a time when there was little uniformity in the practice of, or standards for pharmacy. more

Former Rutgers University Student and Two Other Men Plead Guilty to 2016 Mirai Botnet Attacks

A New Jersey man was one of the three who pled guilty to hacking charges and creating the massive Mirai botnet attacks which spread via vulnerabilities in IoT devices causing massive DDoS attacks. more

Russian-Speaking MoneyTaker Group Suspected of Stealing $10M From Companies in Russia, UK and US

According to report today, Russian-speaking hackers called MoneyTaker, are suspected of stealing nearly $10m by removing overdraft limits on debit cards and taking money from cash machines. more

A Digital ‘Red Cross’

A look into the past reveals that continuous developments in weaponry technology have been the reason for arms control conventions and bans. The banning of the crossbow by Pope Urban II in 1096, because it threatened to change warfare in favour of poorer peasants, the banning of poisoned bullets in 1675 by the Strasbourg Agreement, and the Geneva protocol banning the use of biological and chemical weapons in 1925 after world war 1, all prove that significant technological developments have caused the world to agree not to use certain weapons. more

Bitcoin Miner NiceHash Reports Hack, More Than $60 Million Worth of Bitcoin Potentially Stolen

Nearly $64m in bitcoin has been stolen by hackers who broke into Slovenian-based bitcoin mining marketplace NiceHash. more

Russian Behind Massive LinkedIn, Dropbox Hack Subject of Extradition Fight Between US and Russia

A young Russian alleged to have masterminded a massive hacking of social networks including LinkedIn and Dropbox is now at the center of an extradition struggle between the United States and Russia. more

IBM Launches Quad9, a DNS-based Privacy and Security Service to Protect Users from Malicious Sites

The new DNS service, called Quad9, is aimed at protecting users from accessing malicious websites known to steal personal information, infect users with ransomware and malware, or conduct fraudulent activity. more

Security Researchers are Warning About a New IoT Botnet Storm Brewing

A brand new botnet, dubbed ‘IoTroop’, is discovered evolving and recruiting IoT devices at a far greater pace and with more potential damage than the Mirai botnet of 2016. Researchers at the security firm, Check Point, are warning that "a massive Botnet is forming to create a cyber-storm that could take down the internet. ... Our research suggests we are now experiencing the calm before an even more powerful storm. The next cyber hurricane is about to come." more

New Wave of Ransomware Spreading Rapidly Through Russia, Ukrain and Other Nations

A new wave of ransomware called "BadRabbit" is targeting Russia and Eastern Europe, affecting Russian Interfax news agency and reported flight delays at Ukraine’s Odessa airport. more