A recent quarterly report titled "State of the Internet" has been released by Akamai providing Internet statistics on the origin of Internet attack traffic, network outages and broadband connectivity levels around the world. According to the report, during the first quarter of 2008, attack traffic originated from 125 unique countries around the world. China and the United States were the two largest traffic sources, accounting for some 30% of traffic in total. The top 10 countries were the source of approximately three quarters (75%) of the attacks measured. Other observations include... more
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
The Obama administration is developing a package of unprecedented economic sanctions against Chinese companies and individuals who have benefited from their government’s cybertheft of valuable U.S. trade secrets. The U.S. government has not yet decided whether to issue these sanctions, but a final call is expected soon, perhaps even within the next two weeks. more
"Yahoo is expected to confirm a massive data breach, impacting hundreds of millions of users," reports Kara Swisher today in Recode. more
According to a new study by PGP Corporation and Ponemon Institute, data breach incidents cost U.S. companies $202 per compromised customer record in 2008, compared to $197 in 2007. The study is based on 43 organizations across 17 different industry sectors with a range of 4,200 to 113,000 records that were affected. It is also noted that since 2005, the cost component has grown by more than $64 on a per victim basis since -- nearly a 40% increase. more
"China Sets New Tone in Drafting Cybersecurity Rules," By Eva Dou in Beijing and Rachael King in San Francisco reporting in the Wall Street Journal. more
The United Kingdom's National Crime Agency (NCA) has been running a series of campaigns focused on reducing the use of DDoS-for-hire websites. These websites offer people the opportunity to purchase powerful tools to launch cyber-attacks, which can be used to knock websites or users offline. more
StopBadware.org and Consumer Reports WebWatch have announced today the full launch of BadwareBusters.org, a new online community for people looking for help preventing and countering viruses, spyware, and other "badware" on their computers and websites. Maxim Weinstein, manager of StopBadware.org at Harvard University's Berkman Center for Internet & Society, says the site is not only a useful destination, but also a piece of a bigger puzzle. "BadwareBusters.org is part of StopBadware's strategy to bring together the people, the organizations, and the data that allow us to fight back against the spread of badware," Weinstein said. "The collective wisdom of the BadwareBusters community will inform not only individuals, but the entire technology industry." more
The U.S. Department of Justice and the FBI announced on Wednesday that they have taken actions to disable an international botnet of more than two million infected computers responsible for stealing corporate data including user names, passwords and financial information. more
New security report has revealed at least 48 companies involved in research, development, manufacturing of chemicals and advanced materials have been victims of a coordinated cyberattack traced to a source in China. The purpose of the attacks, code named Nitro, appear to be industrial espionage, collecting intellectual property for competitive advantage, according to Symantec. more
A study comparing best-of-breed computer security vendors suggests more than half of active malware and phishing threats on the Internet go undetected, with an average detection rate of 37% for malware and 42% for phishing. "Given the dynamic nature of today's online threats and the traditionally reactive approach taken by today's malware and phishing detection technology, conventional signature-based solutions are inherently at a disadvantage to keep up," said Panos Anastassiadis, CEO and Chairman of Cyveillance. "Because the majority of damage occurs during the first 24 hours of an attack, early detection of attacks is crucial." more
New research indicates cyberattacks increasingly plague businesses and government organizations, resulting in significant financial impact, despite widespread awareness. Conducted by the Ponemon Institute, the Second Annual Cost of Cyber Crime Study revealed that the median annualized cost of cybercrime incurred by a benchmark sample of organizations was $5.9 million per year, with a range of $1.5 million to $36.5 million each year per organization. This represents an increase of 56 percent from the median cost reported in the inaugural study published in July 2010. more
Europol's Innovation Lab released a Tech Watch Flash report on Monday, sounding the alarm on the potential misuse of large language models such as ChatGPT. Entitled 'ChatGPT - the Impact of Large Language Models on Law Enforcement,' the report provides an urgent overview of the implications of ChatGPT for criminals and law enforcement, as well as an outlook of what may still be to come. more
We know more and more about the financial cost of cybercrime, but there has been very little work on its emotional cost. David Modic and I decided to investigate. We wanted to empirically test whether there are emotional repercussions to becoming a victim of fraud (Yes, there are). We wanted to compare emotional and financial impact across different categories of fraud and establish a ranking list (And we did). more
Security expert Bruce Schneier in a blog post today writes: "It's about who is in charge of cyber security, and how much control the government will exert over civilian networks. And by beating the drums of war, the military is coming out on top. ... General Keith Alexander, the current commander of the U.S. Cyber Command, hypes it every chance he gets. This isn't just rhetoric of a few over-eager government officials and headline writers; the entire national debate on cyberwar is plagued with exaggerations and hyperbole." more
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