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Arthur C. Clarke said any sufficiently advanced technology is indistinguishable from magic. Milton Friedman said there's no such thing as a free lunch. The validity of the former statement does not invalidate the later. From this we can see that even magic has a price. Hence, its application is subject to cost-benefit analysis. There are many developing technologies that may eventually qualify as magic. more
As you may know, there are two laws currently being discussed in Canadian legislative assemblies: Senate Bill S-220, a private member’s bill with private right of action and criminal remedies; Parliamentary Bill C-27, tabled by the government, with private right of action, coordination between various enforcement agencies... more
Over at the site V3.co.uk, they have an article up today alleging that since the Rustock takedown two weeks ago, the bagle botnet has moved to take over as the botnet that is responsible for sending the most spam. They have not replaced Rustock's total spam volume, only that they are now the number one spam sending botnet. more
The movement for upping the minimum wage in the US is gathering momentum. Protests and placard waving are on the increase, and the quest for $15 per hour is well underway. There are plenty of arguments as to why such a hike in minimum wage is necessary, and what the consequences could be to those businesses dependent upon the cheapest hourly labor. But, for the information security industry, upping the minimum wage will likely yield only good news. more
A reader recently brought to my attention an upcoming conference in London in the UK -- The Oil and Gas Cyber Security Forum. Here's a little blurb: "Despite investments into state of the art technology, a majority of the oil and gas industry remain blissfully unaware of the vulnerabilities, threats and capability of a malicious cyber attack on control systems..." I bring this up because it is relevant to the trends in cyber security that we see this year - that of the Advanced Persistent Threat. more
A secret weapon is falling into dangerous hands. Organized cybercriminals are building up portfolios of cybersquatting domain names. A smart operator with such a portfolio can go beyond simple stealing and competing full out for traffic and revenues. Rightful brand owners, feeling the squeeze, will find out too late that the bandits have the money to fight legal action. The time to act is now, before pieces of the playing field have been bought up by the enemy. more
In a widely reported court case, Facebook won an $800M default judgment and injunction against a Montreal man named Adam Guerbuez, who has a long and sordid history. But it probably won't make any difference. The problem is that he's in Canada. more
The papers have been abuzz with the shutdown of Liberty Reserve, an online payments system, due to accusations of large scale money laundering via anonymous transactions. Many people have noted similarities between LR and Bitcoin and wonder whether Bitcoin is next. I doubt it, because with Bitcoin, nothing is anonymous. more
There is no rest for the wicked. If you think that 2018 was the climax of cybercrime, wait until you see what happens in the next few years as cybercriminals are constantly learning new ways to strike. Take for instance domain-related attacks now coming in a variety of forms. There's domain hijacking which involves gaining of access to domains and making changes without owners' permission. You have typosquatting where phishing is often utilized to steal valuable information. more
This morning, Global Payments held a conference call with investors and analysts covering their earlier breach announcement and projected earnings. Global Payments had also released an update advisory yesterday stating that "the company believes that the affected portion of its processing system is confined to North America and less than 1,500,000 card numbers have been exported" and that only Track 2 card data may have been stolen. more
We're learning this week that we have officially passed the one billion number in terms of people using the Internet. Eric Schonfeld writes in his article on TechCrunch that the number is probably higher than that. One billion is a staggering number, even though it makes up only 15 to 22 percent of the world's population. Nevertheless, those one billion Internet users give us a lot to deal with on their own in terms of social and security issues on the web. more
Microsoft continues to integrate new artificial intelligence technology into its products and today announced a cybersecurity "copilot" to help companies track and defend against hacking attempts. This tool is part of Microsoft's attempt to dominate the fast-growing field of "generative" AI. more
In the sci-fi movie Minority Report, a 'precrime' police unit relies on the visions of psychics to predict future crimes, then arrests the potential perpetrators before they do anything wrong. In the world of Internet governance, the future is now, as regulators want online services to predict and prevent safety threats before they actually occur. more
Cyber crime = crime. How do we make police forces understand this and how to get it prioritized? In this series of blogs I am looking into whether aggregating data can change the way cyber crime is approached and prioritized. At a seminar at the IT Security trade fair in Utrecht detective super intendant Charlie McMurdie, head of the cyber crime unit of the London Metropolitan police, said that cyber crime was recently prioritized by the UK government. She also said the following and I'm allowed to quote this... more
In my recent CircleID post, DNS, Domain Names, and Certificates: The Missing Links in Most Cybersecurity Risk Postures, I highlighted the importance of applying multiple layers of defense to secure these business-critical assets. Last Friday, Brian Krebs, the world-renowned cybersecurity journalist, reiterated the criticality of domain name security because the domain name "e-hawk.net" was stolen from the rightful owner using social engineering tactics targeting its domain name registrar. more
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