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
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
Paul Vixie proposes a 'cooling-off period' when domain names are registered in order to help detect and deter malicious activity. "There's no legitimate reason for a new domain name to be registered and go live in less than a minute... more
During the 4th quarter of 2014, a record number of malware variants were detected -- an average of 255,000 new threats each day, according a recent report by Anti-Phishing Working Group (APWG). The group further reports that the number of unique phishing reports submitted to APWG during Q4 was 197,252 -- an increase of 18 percent from the 163,333 received in Q3 of 2014. more
Jointly published by the Internet Infrastructure Coalition (i2C) and the Messaging, Malware and Mobile Anti-Abuse Working Group, the new document outlines proven activities that can help Web hosting services improve their operations and better protect end-users. more
A first-time study of publically-reported data breaches in the 28 European Union member countries, plus Norway and Switzerland, conducted by the Central European University's Center for Media, Data and Society (CMDS) has found that between 2004 and 2014 the continent's organizations suffered 229 incidents covering 227 million personal records. more
In a video interview conducted during the NSCS ONE conference, Paul Vixie CEO of Farsight Security further discusses the topic of his presentation titled: "Defective by Design -- How the Internet's Openness is Slowly Poisoning Us". more
Experts and companies in the information security industry today announced the formation of the Secure Domain Foundation (SDF), a new, non-profit, community-driven organization devoted to the identification and prevention of Internet cyber crime utilizing the domain name system (DNS). more
In support of National Cyber Security Awareness Month, DDoS Awareness Day is a virtual, global event focused on raising awareness and education around the threat of DDoS attacks. Hosted by Neustar with and exclusive media partner CSO, DDoS Awareness Day brings together top experts in global security to share their views, technical tips and from-the-trenches experience. Attendees will also be given access to a wealth of DDoS materials: white papers, surveys, presentations, best practices and more. more
Symantec has disabled part of one of the world's largest networks of infected computers, according to reports today. About 500,000 hijacked computers have been taken out of the 1.9 million strong ZeroAccess botnet. The zombie computers were used for advertising and online currency fraud and to infect other machines. Security experts warned that any benefits from the takedown might be short-lived. more
According to a press release by the Openbaar Ministerie (the Public Prosecution Office), a dutch man with the initials SK has been arrested in Spain for the DDoS attacks on Spamhaus. more
ICANN has released a set of guidelines to explain its Coordinated Vulnerability Disclosure Reporting. The guidelines serve two purposes, says ICANN: "They define the role ICANN will perform in circumstances where vulnerabilities are reported and ICANN determines that the security, stability or resiliency of the DNS is exploited or threatened. The guidelines also explain how a party, described as a reporter, should disclose information on a vulnerability discovered in a system or network operated by ICANN." more
A cooperative international report was released last week outlining Internet and mobile best practices aimed at curtailing malware, phishing, spyware, bots and other Internet threats. It also provides extensive review of current and emerging threats. "Best Practices to Address Online and Mobile Threats" is a comprehensive assessment of Internet security as it stands today... more
Kaspersky Lab Expert, Fabio Assolini, has provided detailed description of an attack which as been underway in Brazil since 2011 using 1 firmware vulnerability, 2 malicious scripts and 40 malicious DNS servers, affecting 6 hardware manufacturers, resulting in millions of Brazilian internet users falling victim to a sustained and silent mass attack on DSL modems. more
In the past five years, cyber and telecommunications defence has left its niche market to become one of the fastest growing industries in the world. In 2011, governments, industry and ordinary computer users spent roughly £65 billion shoring up their computer networks, a figure that is predicted to double within five years. more
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