Cybercrime

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

UK Announces Additional £1.9 Billion in Cyber Security Funding

Chancellor George Osborne announces government plan to almost double its investment in cyber security initiatives over the next five years, spending an additional £1.9 billion. more

Exploiting Video Console Chat for Cybecrime or Terrorism

A couple of days ago there was a lot of interest in how terrorists may have been using chat features of popular video console platforms (e.g. PS4, XBox One) to secretly communicate and plan their attacks. Several journalists on tight deadlines reached out to me for insight in to threat. Here are some technical snippets on the topic that may be useful for future reference. more

Experts Propose Plan for More Secure Wi-Fi Devices

Over 260 global network and security experts have collectively responded to the newly proposed FCC rules laid out in ET Docket No. 15-170 for RF Devices such as Wi-Fi routers by proposing a new approach to improve the security of these devices. The letter warns FCC ruling will cause more harm than good and risk a significant overreach of the Commission's authority. more

Whither Passwords

The primary means of authentication on the Internet is the password -- a half-century old, shared secret mechanism that is difficult to use (especially on mobile devices) and has acknowledged security flaws including attacks at scale. Even so, passwords remain the most prevalent form of authentication with efforts to enhance security typically relying on "bolt on" solutions that increase user friction. 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

Hacking Increasingly Becoming a Physical Concern

If this past quarter's stories are any indication, we could very well be seeing the rise of a new wave of threats that will affect people in a more pronounced and physical level, reports Trend Micro in its Q2 Security Roundup Report. more

U.S. Preparing Sanctions Against Chinese Firms and Individuals over Cyberespionage

The Obama administration is developing a package of unprecedented economic sanctions against Chinese companies and individuals who have benefited from their government’s cybertheft of valuable U.S. trade secrets. The U.S. government has not yet decided whether to issue these sanctions, but a final call is expected soon, perhaps even within the next two weeks. more

Networking Firm Loses $46.7 Million to Fraudulent Wire Transfer

Ubiquiti Networks Inc., a San Jose based maker of networking technology, has disclosed that cyber criminals stole $46.7 million via a "business email compromise fraud involving employee impersonation." more

Understanding the Threat Landscape: Indicators of Compromise (IOCs)

I previously provided a brief overview of how Verisign iDefense characterizes threat actors and their motivations through adversarial analysis. Not only do security professionals need to be aware of the kinds of actors they are up against, but they should also be aware of the tactical data fundamentals associated with cyber-attacks most commonly referred to as indicators of compromise (IOCs). Understanding the different types of tactical IOCs can allow for quick detection of a breach... more

EuroDIG Sessions on Friday, June 5, about Cybersecurity, Network Neutrality, IANA, Access and More

What do Europeans interested in Internet policy think about cybersecurity, network neutrality, IANA, improving Internet access and other topics? Tomorrow the second day of the European Dialog on Internet Governance (EuroDIG) 2015 in Sofia, Bulgaria, will cover all those topics and many more. I've listed some of the sessions that either I or my Internet Society colleagues are participating in. I will personally be involved as a panelist on the two sessions about cybersecurity. more

Phishing in the New gTLDs

The new Anti-Phishing Working Group (APWG) Global Phishing Survey has just been released. Written by myself and Rod Rasmussen of IID, the report is the "who, what, where, when, and why" look at phishing, examining the second half of 2014. The report has many findings, but here I'll concentrate on the new gTLDs. The second half of 2014 was when an appreciable number of new gTLDs entered general availability and started to gain market share. more

Placing New Domain Names in Temporary “Penalty Box” Could Deter Malicious Use, Says Paul Vixie

Paul Vixie proposes a 'cooling-off period' when domain names are registered in order to help detect and deter malicious activity. "There's no legitimate reason for a new domain name to be registered and go live in less than a minute... more

Record Number of Malware Variants Detected in Q4 of 2014, Retail/Service Most Targeted

During the 4th quarter of 2014, a record number of malware variants were detected -- an average of 255,000 new threats each day, according a recent report by Anti-Phishing Working Group (APWG). The group further reports that the number of unique phishing reports submitted to APWG during Q4 was 197,252 -- an increase of 18 percent from the 163,333 received in Q3 of 2014. more