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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
U.S. Department of Justice says federal authorities successfully carried out a "significant" coordinated effort to disrupt Business Email Compromise (BEC) schemes designed to intercept and hijack wire transfers from businesses and individuals. 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
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
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
On Wednesday 16 March the Serious Organised Crime Agency organised a meeting in London with the RIPE NCC. For the second time law enforcers from the whole world met with the RIPE NCC and RIPE community representatives to discuss cooperation. RIPE NCC staged several very interesting presentations that showed the LEAs the importance of the work done within RIPE and ARIN, the information RIPE NCC has and the relevance of all this to LEAs. Also issues were addressed that can potentially be harmful to future investigations. 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
A surge in AI-generated deepfake scams is reshaping the cybersecurity threat landscape, with fraudsters now impersonating company executives to deceive employees and siphon off millions. 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
ICANN's Generic Names Supporting Organisation (GNSO) has formed a working group to consider changes to the domain transfer process to enhance security and reduce hijacking. The working group consists of registrars, aftermarket players, domainers and other members of the ICANN Community. The group published its preliminary recommendations at the ICANN meeting in Brussels two weeks ago and the 20-day comment period has just begun. 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
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
We're in an interregnum where society has paused, and there's no telling how things may turn. In such times of crisis, we are the explorer; exploring the uncharted waters of change, where dangers and opportunities lie. How the pandemic caused this greater societal change may not be something that an individual can alter, we may, however, take the helm and navigate. more
The latest Sophos Threat Report shows an upward trend in spam and identity theft through social networks. One of the examples Sophos gives is Facebook. In general Sophos claims that from 2009 to 2010 the spam, phishing and malware containing messages all doubled. more
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