Cybercrime

Security Firm Recovers Over 272 Million Stolen Credentials from a Collector

The latest discovery came while researchers at a security firm found a young Russian hacker bragging in an online forum that he had collected and was ready to give away a far larger number of stolen credentials that ended up totalling 1.17 billion records, Reuters reports. more

Alliance for Safe Online Pharmacies to Recognize Contribution from Internet Industry

ASOP (Alliance for Safe Online Pharmacies) is often seen as taking a rather confrontational stance towards domain name registrars, registries and hosting providers. However both ASOP and others, including LegitScript, often cite the assistance they've received from internet industry players in their work. This year ASOP has decided to take this a step further... more

Cybersquatting & Banking: How Financial Services Industry Can Protect Itself Online (Webinar)

Businesses in the financial services sector are among the most frequent targets of cybersquatters. In this free webinar, I will be joining Craig Schwartz of fTLD Registry Services to provide important information about how domain name fraud is affecting the financial services industries, including banking and insurance, and what businesses and consumers can do to protect themselves online. more

Cybercriminals Continuing to Exploit Human Nature, Increasing Reliance on Ransomware, Study Finds

Cybercriminals are continuing to exploit human nature and relying on familiar attack patterns such as phishing, and increase their reliance on ransomware, where data is encrypted and a ransom is demanded, according to Verizon 2016 Data Breach Investigations Report released today. more

The Importance of IPRC in Asia Pacific

I believe and strongly support Internet Principle and Right Coalition (IPRC) Charter is an important edition of document supplementing the principles and rights of individual internet users in any developing and least developed country. Especially in Asia Pacific region where the need and use of such document is immense, as there is a gap in recognition and awareness of rights of internet users. more

Is the FCC Inviting the World’s Cyber Criminals into America’s Living Rooms?

In October 2012, the Chairman and Ranking Member of the House Intelligence Committee issued a joint statement warning American companies that were doing business with the large Chinese telecommunications companies Huawei and ZTE to "use another vendor." The bipartisan statement explains that the Intelligence Committee's Report, "highlights the interconnectivity of U.S. critical infrastructure systems and warns of the heightened threat of cyber espionage and predatory disruption or destruction of U.S. networks if telecommunications networks are built by companies with known ties to the Chinese state, a country known to aggressively steal valuable trade secrets and other sensitive data from American companies." more

The Growing Threat of Cybersquatting in the Banking and Finance Sector

The apparent cyber heist of of $81 million from the Bangladesh central bank's U.S. account may cause some people to question the security of online banking. While the online theft prompted SWIFT - a cooperative owned by 3,000 financial institutions around the world -- to make sure banks are following recommended security practices, the incident also could have ramifications for banking customers worldwide. more

Bangladesh Central Bank Governor Quits Amidst One of the Largest Cyber Heists

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

Repeat DDoS Attacks the Norm in Q4 2015, 24 Attacks per Target on Average

During Q4, repeat DDoS attacks were the norm, with an average of 24 attacks per targeted customer in Q4, reports Akamai in its newly released Q4 2015 State of the Internet - Security Report. more

The Cyberthreats and Trends Enterprises Should Watch in 2016

Every year, Verisign iDefense Security Intelligence Services produces its Cyberthreats and Trends Report, which provides an overview of the key cybersecurity trends of the previous year and insight into how Verisign believes those trends will evolve. This report is designed to assist in informing cybersecurity and business operations teams of the critical cyberthreats and trends impacting their enterprises, helping them to anticipate key developments and more effectively triage attacks and allocate their limited resources. more

Malware Reach Is Expanding, Ransomware on the Rise

We live in an online age, one where malware infections have become commonplace. Some might say this is the price of doing business online. News headlines report damaging attacks on well-known brands with depressing regularity. Consumer confidence suffers as customers look to organizations to sort out the issue, secure their transactions and fix the problem. more

Thought Leaders Create New Trends & Solutions, Followers Just Follow - Which Are You?

Last week I asked on a post elsewhere, why we, at the MLi Group, chose to consider speakers, panelists, supporters and sponsors at our Global Summit Series (GSS) as "Thought Leaders" and "Trend Setters? Many wrote me directly offering their answers and then it dawned on me that my answer may (or may not) get appreciated by many at the ICANN community. So here is why we do. more

Experienced a Breach? Here Are Four Tips for Incident Response

The threat level has never been higher for organizations charged with protecting valuable data. In fact, as recent headlines will attest, no company or agency is completely immune to targeted attacks by persistent, skilled adversaries. The unprecedented success of these attacks against large and well-equipped organizations around the world has led many security executives to question the efficacy of traditional layered defenses as their primary protection against targeted attacks. more

US, China Reach Agreement on Guidelines to Combat Cybercrime

United States Justice Department has announced that US and China have reached an agreement governing how the two countries will request assistance to combat cybercrime. 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