Cybercrime

How Will Banks Ensure the Safety of Our Money? DDoS Attacks on NL Banks

This week bank costumers of The Netherlands were shocked when they realised that online banking may not be as safe as they thought. Perhaps some were surprised to hear that what they think is money, is nothing but digits, something that does not exist. Their money only exist because we all act as if it exists and accept transactions between each other aided by software run by banks, if they haven't outsourced that function. more

Report On National Online Cybercrime and Online Threats Reporting Centres

Today I released a report on 'National cyber crime and online threats reporting centres. A study into national and international cooperation'. Mitigating online threats and the subsequent enforcing of violations of laws often involves many different organisations and countries. Many countries are presently engaged in erecting national centres aimed at reporting cyber crime, spam or botnet mitigation. more

Spammer Convicted on Wire Fraud Charges - United States v. Diamreyan

Earlier this year Okpako Mike Diamreyan was found guilty of wire fraud. The district court recently denied his motion for judgment of acquittal. Diamreyan "was charged with devising a scheme to defraud known as an 'advance fee.'" As the court describes it, this is a "scam . . . where a person asks an individual to pay an advance fee in order to obtain a larger sum of money, which the individual [victim] never receives." ... Two things about the case struck me... more

New Publication on Updating the Anti-Cybersquatting Regime and Ad-Based Cybersquatting

Sealing the cracks: a proposal to update the anti-cybersquatting regime to combat advertising-based cybersquatting is the title of an article by Christopher Varas in the April issue of the Journal of Intellectual Property Law & Practice. In this article, the author labels "modern cybersquatting" the monetization of domain names through PPC advertisements, and says that brand owners lack effective tools to combat this practice... more

Are Phishing and Malware Separate Threats?

Phishing is when bad guys try to impersonate a trusted organization, so they can steal your credentials. Typically they'll send you a fake e-mail that appears to be from a bank, with a link to a fake website that also looks like the bank. Malware offers another more insidious way to steal your credentials, by running unwanted code on your computer... I like VeriSign's characterization of this kind of malware as an insecure endpoint, the PC which is the endpoint of the conversation with the bank isn't actually under the control of the person who's using it. more

Is Cybersecurity a Priority? You Wouldn’t Know It If You Go by Top Level Defections

In the US administration, we see important people like incoming Secretary of Defense Leon Panetta say at his Senate confirmation hearing that "a strong likelihood that the next Pearl Harbor" could well be a cyberattack that cripples the U.S. power grid and financial and government systems. He also said that cybersecurity will be one of the main focuses of his tenure at the Pentagon. But when you look at what is actually happening in cyber security, there is more position jockeying than there is real progress. more

Omnibus Cybersecurity Bill May Not Go Where Original Authors Intended

In an interview with GovInfoSecurity, Sen. Thomas Carper said that the U.S. Senate is considering attaching cybersecurity legislation to a defense authorizations bill. Though clearly a ploy to be able to say "we did something about those evil hackers" before the elections, CAUCE applauds the attempt. There can be no doubt that the United States (and many other countries) sorely needs better laws to deal with these threats. more

Government Hacking: Proposed Law in the Netherlands

In 2012 I wrote a blog on CircleID called State hacking: Do's and don'ts, pros and cons. In this post I give some thoughts to the concept of a government "hacking back" at criminals. The reason for this was an announcement by the Dutch government that it contemplated law along these lines. The proposed law is now here: the Act Computer Criminality III. more

Worming Our Way Out of Trouble

The Conficker worm will be active again on April 1st, according to an analysis of its most recent variant, Conficker.C, by the net security firm CA. This malicious piece of software, also known as Downup, Downadup and Kido, spreads among computers running most variants of the Windows operating system and turns them into nodes on a multi-million member ‘botnet’ of zombie computers that can be controlled remotely by the worm’s as yet unidentified authors. more

The Distribution of Botnets Since Rustock Went Down

I pulled together some statistics on my collection of botnet statistics for the period of time between Rustock being shut down and Wednesday, April 6. I wanted to see the distribution of botnets per country - now that Rustock is down, which country has the most botnet infections (as measured by unique IP addresses that send us spam)? more

The Cyber Security Ecosystem: Collaborate or Collaborate - It’s Your Choice

As cyber security as a field has grown in scope and influence, it has effectively become an 'ecosystem' of multiple players, all of whom either participate in or influence the way the field develops and/or operates. It's increasingly evident that, more than ever, it is crucial for those players to collaborate and work together to enhance the security posture of communities, nations and the globe. more

3 Reasons It’s Crucial to Review Your Domain Lock Portfolio Now

Just as we started the new year, the U.S. Department of Homeland Security's Cybersecurity and Infrastructure Security Agency's (CISA) issued an alert. On January 6, 2020 , they warned of domain name system (DNS) hijacking and other cyber threats that may be used by nation-state threat actors to disrupt business activity and take control of vital internet assets. A familiar refrain heard in 2019 now repeating in 2020. 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

A Seattle Woman Charged With Capital One Data Theft Affecting 106 Million People

Major US bank Capital One Financial Corporation confirmed Monday evening that unauthorized access was made by an outside individual who obtained "certain types of personal information" on credit card products and Capital One credit card customers. more

Holiday Shoppers Beware: Tips on Protecting Brand Owners and Consumers from Domain Security Threats

With the COVID-19 pandemic persisting, online shopping will be the preferred method for the 2020 holiday shopping season. While staying home to shop is the safest option right now, it means consumers are more vulnerable to online fraud, counterfeits, and cyber crime. Increased online activity provides opportunities for unscrupulous infringers to abuse trusted brand names to drive visitors to their own fraudulent content. more