Cybercrime

Experienced a Breach? Here Are Four Tips for Incident Response

The threat level has never been higher for organizations charged with protecting valuable data. In fact, as recent headlines will attest, no company or agency is completely immune to targeted attacks by persistent, skilled adversaries. The unprecedented success of these attacks against large and well-equipped organizations around the world has led many security executives to question the efficacy of traditional layered defenses as their primary protection against targeted attacks. more

Security as a Major Factor for Online Consumers

There is no doubt that the number of online consumers is on a rise and that this is a trend that will not stop any time soon. Over the last couple of years, the number of digital buyers has grown by a steady 150 million each year. This number is expected to stay stable for a few more years to come. By 2020, about two billion people will be purchasing things online and making online money transactions on a regular basis. more

Russia Is Studying China’s Legislative Experience in Fighting Internet Corruption, Cyber-Terrorism

Russian State Duma deputy, chairman of the Committee on Security and Corruption Control Vasily Piskarev told Russian reporters on Tuesday that Russia is studying China's legislative experience in dealing with corruption, cyber-terrorism and cross-border crime on the Internet. more

Fraudsters Using Bogus and Legitimate Recruitment Sites to Con Job-Hunters Into Laundering Money

Reported today on BBC: "Police chiefs are urging people looking for work during the recession to be alert to online scams that trick them into laundering money. The Serious Organised Crime Agency (Soca) says websites are currently being used to recruit 'money mules'. The 'mules are ordinary people who send and receive payments through their bank accounts to facilitate business." Neil Schwartzman has also informed us of a related report by RSA FraudAction Research Lab based on several months of tracking various reshipping scams engineered by online fraudsters. more

U.S. Homeland Security Launches Website Crackdowns, A Dozen Sites Already Seized

TorrentFreak reports: "Following on the heels of this week's domain seizure of a large hiphop file-sharing links forum, it's clear today that the U.S. Government has been very busy. Without any need for COICA, ICE has just seized the domain of a BitTorrent meta-search engine along with those belonging to other music linking sites and several others which appear to be connected to physical counterfeit goods. more

Testing, Testing, Testing for a More Secure (Internet) World

Reading up on COVID-19 and Zoom/Boris Johnson outcry yesterday, an analogy struck me between the two: the lack of testing. In both cases, to truly know how safe and secure we are, testing needs to be stepped up considerably. This post focuses on cybersecurity. Over the past days and weeks, more and more organisations have switched to digital products and services to sustain working from home, to keep productivity up and to be connected. more

Former New York City Mayor Rudy Guliani Appointed to “Chair” Cyber Task Force

Transition spokesman Sean Spicer told reporters today that former New York City Mayo, Rudy Giuliani will "chair" the cyber task force that Trump announced last Friday. The task force is given three months from Trump's inauguration to deliver a cybersecurity plan. more

New Research Reveals Over 340 Million Accounts Compromised in the First Four Months of 2023

Recent research conducted by the Independent Advisor reveals that a significant number of accounts, exceeding 340 million, have been compromised due to business data breaches within the first four months of 2023. Notably, Twitter experienced the largest breach this year, impacting approximately 235 million user accounts. more

Botnet Takedowns Having Limited Impact on Overall Spam Volumes, Says Google

Google, which through its Postini email security and archiving service processes over 3 billion email connections a day, reports that despite recent series of major botnet takedowns, spam levels during the first quarter of 2010 have held fairly steady. "This suggests that there's no shortage of botnets out there for spammers to use. If one botnet goes offline, spammers simply buy, rent, or deploy another, making it difficult for the anti-spam community to make significant inroads in the fight against spam with individual botnet takedowns." more

Biden Administration Bans Federal Agencies from Using Commercial Spyware

The Biden administration has announced an executive order that would ban U.S. federal agencies from using commercially developed spyware that poses threats to human rights and national security. more

Hot Take on the Twitter Hack

If you read this blog, you've probably heard by now about the massive Twitter hack. Briefly, many high-profile accounts were taken over and used to tweet scam requests to send Bitcoins to a particular wallet, with the promise of double your money back. Because some of the parties hit are sophisticated and security-aware, it seems unlikely that the attack was a straightforward one directly on these accounts. more

New Cyber Security Bill Could Increase Power of President and DHS

Introduced by ranking Senate members of the Homeland Security and Governmental Affairs Committee, the Protecting Cyberspace as a National Asset Act of 2010, S.3480 is intended to create an Office of Cyber Policy in the executive branch of the government, confirmed by the Senate and ultimately reporting to the president. Senators Joe Lieberman, Blanche Lincoln and Tom Carper introduced the bill publicly on June 10, and a critical part of the bill is that critical infrastructure networks such as electricity grids, financial systems and telecommunications networks need to cooperate with the Office of Cyber Policy. more

North Korea’s Spy Agency Behind WannaCry

According to a report from The Washington Post, the NSA has linked the North Korean government to the creation of the WannaCry ransomeware that resulted in affecting over 300,000 people in almost 150 countries last month. 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

Should You Pay Ransomware Demands?

Ransomware is a huge problem for small and medium businesses, and the most important question is this: should you pay the ransom? Ransomware has proven a successful revenue generator for criminals, which means the risk to businesses will grow as ransomware becomes more sophisticated and increasing numbers of ethically challenged criminals jump on the bandwagon. more