Cybercrime

The Emotional Cost of Cybercrime

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

Senior U.S. and Chinese Officials Conclude Four-Day Meeting on Cyber Security

Senior U.S. and Chinese officials concluded a four day meeting on Saturday discussing cyber security issues ahead of Chinese President Xi Jinping's visit to Washington later this month. more

Brits Targeted by 3.7 Billion Phishing Scams in Past 12 Months

More than 420,000 scam emails are sent every hour in the UK according to a report published by Card Protection Plan Limited (CPP). The study estimates that Britons were targeted by 3.7 billion 'phishing' emails in the last 12 months alone. And a quarter of people admit to falling victim to e-fraudsters, with the average victim losing over £285 each. more

C-SPAN Interview: Internet and Cybersecurity

C-SPAN interviews professor Gene Spafford from Purdue University on the topic of cybersecurity and how the current Internet is a conduit for all types of "cybercrime". He also talks about the much discussed article "A New Internet?" by John Markoff in the February 14, 2009, New York Times in which he was quoted. The piece argued for a new type of Internet that is more secure with the trade-off of users giving up more of their anonymity. Professor Spafford talks about alternative solutions and he responded to questions via telephone calls and email. more

Malware Production Continues at Record-Setting Pace; 6000 Unique Pieces Per Day

Security researches report seeing as much unique malware in the first half of 2009 as seen in all of 2008. "This is quite something when you consider that in 2008 we saw the greatest ever growth in malware," says David Marcus of McAfee Avert Labs. More specifically, Marcus in a blog post writes that the numbers add up to an average of 200,000 unique pieces malware monthly or more than 6,000 a day. "Bear in mind these are malware we consider unique (something we had to write a driver for) and does not count all the other malware we detect generically or heuristically... When you add in the generic and heuristic detections the number becomes truly mind boggling," writes Marucs. more

Obama: From Now On Digital Infrastructure Treated As Strategic National Asset

In a speech today from the White House, President Obama declared that the United States' computers and digital networks are strategic national assets and that he will personally appoint a cybersecurity coordinator to oversee the effort to protect this critical infrastructure. more

How to Secure Your Data During Coronavirus

Nobody loves a good crisis more than a hacker and, by anyone's definition, coronavirus is a big, fat stinking crisis that almost everyone on earth is sitting in the middle of. For most of us, a crisis brings out the best. First responders and the healthcare systems are replete with stories of superhuman sacrifice and commitment to others. Unfortunately, it is this commitment to the work at hand that puts cybersecurity on the back burner and increases the chance of a breach, break-in, or general mischief. more

FBI, Czech Police Arrest Russian in Connection With US Hacking Attacks

FBI in a joint operation with the Czech police, arrested a Russian citizen in Prague on Wednesday in connection with attempted cyber-attacks against the United States. more

Interpol Joining ICANN’s Governmental Advisory Committee as an Observer

Kevin Murphy reporting in DomainIncite: "Interpol plans to apply to join ICANN's Governmental Advisory Committee as an observer, according to ICANN. The news came in a press release this evening, detailing a meeting between ICANN president Rod Beckstrom and Interpol secretary general Ronald Noble. The meeting 'focused on Internet security governance and enhancing common means for preventing and addressing Internet crime'." more

Asia, Europe Top the Charts on Conficker Worm Infections

Amidst hype and anticipation of the Conficker worm which is expected to become active in millions of Windows system within the next few hours, IBM Internet Security Systems team reports they have been able to locate infected systems across the world by reverse-engineering the communications mechanisms. Holly Stewart, X-Force Product Manager at IBM Internet Security Systems, writes: "... the details are still unfolding, but we can tell you from a high level where most infections are as of today. Asia tops the charts so far. By this morning, it represented nearly 45% of all of the infections from our view. Europe was second at 31%. The rest of the geographies held a much smaller percentage overall." 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

Expect More Malware Threats Exploiting the Financial Crisis, Warn Experts for 2009

Continued exploitation of the financial crisis to scam users with fake financial transactions services, fake investment firms, and fake legal services is the top trend to emerge for 2009 according threat predictions by McAfee. "Computer users face a dangerous one-two punch today," said Jeff Green, senior vice president of McAfee Avert Labs, McAfee's research group. "The current economic crisis is delivering a blow to our financial well-being, while malware authors are taking advantage of our distraction to deliver a roundhouse strike." more

Bangladesh Central Bank Governor Quits Amidst One of the Largest Cyber Heists

Bangladesh's central bank governor has resigned today amidst theft of $81 million from the bank's U.S. account, as details emerged in the Philippines that $30 million of the money was delivered in cash to a casino junket operator in Manila. more

ICANN67 Round-Up

This past meeting of the Internet Corporation for Assigned Names and Numbers (ICANN), ICANN67, was intended to be held in person in Cancun, Mexico, but was actually the first meeting to be held entirely online and virtually. It was a well-managed affair with fewer sessions than the in-person meetings and less opportunity for the community to convene and meet as individuals. The last-minute change from an in-person to a virtual meeting impacted ICANN's ability to provide translation services for the full set of UN-supported languages, Arabic, Chinese, English, French, Russian, and Spanish. more

Hacked ICANN Data Still Selling on Black Market Years After Breach

"Three years after hackers used a spearphishing attack to successfully gain access to internal data at the Internet Corporation for Assigned Names and Numbers (ICANN), the data is still being passed around and sold on black markets for $300, complete with claims that it’s never been leaked before," reports Patrick O'Neill in CyberScoop. more