Cybercrime

Europol Warns on the Criminal Usage of ChatGPT and Its Implications for Law Enforcement

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

UK Government Reports Nearly Half of Businesses Identified Cyber Security Breaches in the Past Year

The UK government has released the results of national cybersecurity survey revealing nearly seven in ten large companies in the country have identified a breach or attack in the past 12 months. more

US, China Reach Agreement on Guidelines to Combat Cybercrime

United States Justice Department has announced that US and China have reached an agreement governing how the two countries will request assistance to combat cybercrime. more

Attack Traffic: 10 Countries Source of Almost 75% of Internet Attacks

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

Yahoo to Confirm Massive Data Breach, Several Hundred Million Users Exposed

"Yahoo is expected to confirm a massive data breach, impacting hundreds of millions of users," reports Kara Swisher today in Recode. more

U.S. Preparing Sanctions Against Chinese Firms and Individuals over Cyberespionage

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

StopBadware.org and Consumer Reports Launch BadwareBusters.org

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

Data Breach Costs Continue to Rise, 40% Increase Since 2005

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 Taking Steps to Show it is Responsive to Foreign Concerns on Cybersecurity

"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

Major International Botnet Disabled Says U.S. Department of Justice

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

Nitro Attacks Target the Chemical Industry

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

Bruce Schneier: The Threat of Cyberwar Grossly Exaggerated

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

Malware Detection Declining, Anti-Phishing Filters Detect Less than 50% of Attacks, Says Report

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 Reveals 56% Rise in Cost of Cybercrime

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

Over 3.2 Million Debit Cards May Have Been Compromised, Says National Payment Corporation of India

A total of 3.2 million debit cards across 19 banks may have been compromised as a result of a suspected malware attack. The breach, possibly largest of its kind in India, was confirmed by the National Payment Corporation of India (NPCI) in a statement today. more