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Cybercrime losses may be erroneously overestimated as most information available on cybercrime losses are derived from surveys, argue two researchers in a recent paper titled, "Sex, Lies and Cybercrime Surveys". Dinei Florencio and Cormac Herley from Microsoft Research examine some of the difficulties of forming an accurate cybercrime estimate by survey. more
New research from the Anti-Phishing Working Group (APWG) has found that up to 81% of domain names used for phishing are legitimate domains that have been hacked. More specifically, out of the 30,454 phishing domains under observation, only 5,591 domain names (18.5%) were registered by phishers according to APWG. The remaining small percentage of the domains used in phishing belonged to subdomain resellers such as ISPs and other web-based services. more
FBI today announced six Estonian nationals have been arrested and charged with running a sophisticated Internet fraud ring that infected millions of computers worldwide with a virus and enabled the thieves to manipulate the multi-billion-dollar Internet advertising industry. Users of infected machines were unaware that their computers had been compromised -- or that the malicious software rendered their machines vulnerable to a host of other viruses. more
In a big open office 30 feet from me, a team of US Veterans speak intently on the phone to businesses large and small, issuing urgent warnings of specific cyber security threats. They call to get stubborn, confused people to take down hidden ransomware distribution sites. They call with bad news that a specific computer at the business has malware that steals login credentials. more
More than two months after authorities shut down a massive Internet traffic hijacking scheme, the malicious software that powered the criminal network is still running on computers at half of the Fortune 500 companies, and on PCs at nearly 50 percent of all federal government agencies, new research shows," reports Brian Krebs. more
In a 52 page security report released by Cisco, the company has confirmed what has been consistently been observed through out this year: "the Internet-based attacks are becoming increasingly sophisticated and specialized as profit-driven criminals continue to hone their approach to stealing data from businesses, employees and consumers." The 2008 edition of the report has specified the year's top security threats and offers recommendations for protecting networks against attacks that are propagating more rapidly, becoming increasingly difficult to detect, and exploiting technological and human vulnerabilities. more
Brian Krebs reporting in Krebs on Security: "Half of all 'rogue' online pharmacies -- sites that sell prescription drugs without requiring a prescription -- got their Web site names from just two domain name registrars, a study released today found. The findings illustrate the challenges facing Internet policymakers in an industry that is largely self-regulated and rewards companies who market their services as safe havens for shadowy businesses." more
The RBNexploit blog states that the website 'president.gov.ge' was under DDoS attack since Thursday. That site is now hosted out of Atlanta, Georgia (don't you love coincidence?) by Tulip Systems who is prominently displaying an AP story... "Speaking via cell phone from Georgia, Doijashvili said the attacks, traced to Moscow and St. Petersburg, are continuing on the U.S. servers." Rusisan military surrogates in the form of the criminal Russian Business Network are engaged in attacks against servers on US soil. This point should be brought up as the Group of 8-1 discusses appropriate responses to Russia's attack on Georgia. more
For all of us at Public Interest Registry, working to remove child sexual abuse content from the Internet isn't just a part of our work; it's our moral duty. As stewards of the .ORG community, addressing the problem head on is the only option compatible with our values. Talking about Child Sexual Abuse Materials (CSAM) is challenging and uncomfortable. It's also far too important, and prevalent, of a problem to ignore. While it's impossible to know exact numbers, online CSAM is a major, rapidly growing crisis. more
Two factor authentication that uses an uncopyable physical device (such as a cellphone or a security token) as a second factor mitigates most of these threats very effectively. Weaker two factor authentication using digital certificates is a little easier to misuse (as the user can share the certificate with others, or have it copied without them noticing) but still a lot better than a password. Security problems solved, then? more
In the past 24 months, distributed denial of service (DDoS) attacks have changed profoundly. Gone are the days when attackers worked under the radar, when machines were infected by botnet code unknowingly and attacks were disguised leaving very little to trace the exact origin. ... The other game-changer: It's easier than ever to execute attacks. The tools are so widely available that anyone with basic skills and a high-speed connection can become a "hacktivist." more
In follow up to reports on ICANN's termination of notorious domain name registrar, EstDomains due to fraudulent activities, the Internet oversight agency is now preparing to transfer domain names of its customers to other registrars... However the question asked by experts is whether any other registrar would have an interest in inheriting EstDomains questionable domain names. more
As news of the spread of the coronavirus (COVID-19) continues to emerge, CSC has undertaken the first in a series of studies looking at how the development of the crisis has affected online content. This first article looks at the numbers of registered domains with names containing coronavirus-related strings - "coronavirus" or "covid(-)19" (optional hyphen) - and analyzes the types of content present on the associated websites. more
Security experts at RSA Research Lab have reported the discovery of a new type of phishing attack targeted against online banking customers that combines a typical phishing website with a live change session initiated by fraudsters. The technique dubbed "Chat-in-the-Middle" not only attempts to trick customers into entering their usernames and passwords into a phishing site but obtains further sensitive information (such as answers to secret questions used by banks to authenticate customers). According to the report, this attack is currently targeting a single U.S.-based financial institution, however operators of all online banking websites are cautioned. more
A report, released today by McAfee, Inc., titled "Security Takes the Offensive," says that traditionally, security technology companies and computer users have taken a defensive posture, putting the cyber equivalent of body armor on computers, networks and in the cloud. The report's authors say it is now time to avoid enemy strikes altogether by taking a more aggressive stance, aligning forces and involving law enforcement. more
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