Cybercrime

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

Cybercrime Losses Overestimated, Say Researchers

Cybercrime losses may be erroneously overestimated as most information available on cybercrime losses are derived from surveys, argue two researchers in a recent paper titled, "Sex, Lies and Cybercrime Surveys". Dinei Florencio and Cormac Herley from Microsoft Research examine some of the difficulties of forming an accurate cybercrime estimate by survey. more

US, India Sign Cybersecurity Agreement

The United States and India signed a Memorandum of Understanding (MOU) today to promote closer cooperation and the timely exchange of information between the organizations of their respective governments responsible for cybersecurity, according to U.S. Department of Homeland Security. "The MOU was signed in New Delhi by Jane Holl Lute, Deputy Secretary for the U.S. Department of Homeland Security (DHS) and R. Chandrashekhar, Secretary, India Department of Information Technology." more

Researchers Use Social Graphs to Detect Spammers, Attackers

A project named S-GPS or Spammer Global Positioning System, by Microsoft researchers uses spammer identification rather than spam identification to identify zombie-based spammers. more

Experts Urge Congress to Reject DNS Filtering from PROTECT IP Act, Serious Technical Concerns Raised

A group of leading DNS experts have released a paper detailing serious concerns over the proposed DNS filtering requirements included as part of the bill recently introduced in the U.S. Senate named Preventing Real Online Threats to Economic Creativity and Theft of Intellectual Property Act of 2011 ("PROTECT IP Act"). The group who is urging lawmakers to reconsider enacting such a mandate into law, includes leading DNS designers, operators, and researchers, responsible for numerous RFCs for DNS, publication of many peer-reviewed academic studies related to architecture and security of the DNS, and responsible for the operation of important DNS infrastructure on the Internet. more

Research Detects Spammers Using Fake URL-Shortening Services

New research has uncovered evidence of spammers establishing their own fake URL-shortening services for the first time. According to the latest MessageLabs Intelligence report, shortened links created on these fake URL-shortening sites are not included directly in spam messages; instead, the spam emails contain shortened URLs created on legitimate URL-shortening sites. "Rather than leading directly to the spammer's final Web site, these links actually point to a shortened URL on the spammer's fake URL-shortening Web site, which in turn redirects to the spammer's final Web site." 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

Microsoft Data Suggests 1 Out of Every 14 Downloads is Malware

Microsoft Program Manager, Jeb Haber, reports in a blog post that from browser data collected on user downloads, 1 out of every 14 programs downloaded is later confirmed as malware. Haber says: "Consumers need information to make better decisions. That said, IE9 adds another layer of defense against socially engineered attacks that now looks at the application being downloaded -- this is in addition to the URL-based protection described above. This new layer of protection is called SmartScreen Application Reputation." more

Canada Becoming the New Cybercrime Hub, Quickly Replacing China, Eastern Europe

A recently conducted analysis of Canada's cyber security risk profile by Websense has detected trends indicating Canada is becoming the new launchpad for cybercriminals. Sr. Manager, Security Research at Websense in a blog post writes: "Cybercriminals are on the move again. And, this time, Canada is the prime target. IP addresses in China and Eastern Europe are highly scrutinized and undergoing intense evaluation. So hackers are on a quest to move their networks to countries, like Canada, that have better cyber reputations." 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

Garth Bruen Discussing Whois, DNSSEC and Domain Security

NameSmash has interviewed Garth Bruen, Internet security expert and creator of Knujon, on some key issues under discussion during the recent ICANN meetings in San Francisco. Topics include Whois, DNS Security Extensions (DNSSEC) and generic Top-Level Domains (gTLDs) -- issues of critical importance particularly with ICANN's expected roll-out of thousands of new gTLDs in the coming years. more

More Targeted Phishing, Spam and Mobile Attacks; IBM Reports 150K Security Events Per Second

IBM today released the results from its annual X-Force 2010 Trend and Risk Report, identifying more targeted phishing, spam and mobile attacks. The report also finds cloud security continuing to evolve. "From Stuxnet to Zeus Botnets to mobile exploits, a widening variety of attack methodologies is popping up each day," says Tom Cross, threat intelligence manager, IBM X-Force. "The numerous, high profile targeted attacks in 2010 shed light on a crop of highly sophisticated cyber criminals, who may be well-funded and operating with knowledge of security vulnerabilities that no one else has. Staying ahead of these growing threats and designing software and services that are secure from the start has never been more critical." more

New Anti-phishing Initiative Introduced by Yahoo!

Neil Schwartzman writes to report: "The company announced the Yahoo! Mail Anti-Phishing Platform (YMAP) yesterday. The technology is predicated upon the use of both DKIM and Sender Policy Framework (SPF) to identify authentic messages. As part of the initiative, Yahoo! has partnered with email authenticators Authentication Metrics, eCert, Return Path, and Truedomain to provide broad-band coverage of well-known brands." more

Microsoft, Federal Agencies Take Down Rustock Botnet

Neil Schwartzman writes: "There is a lot of press on the profound effect the take-down of the Rustock botnet, affected by Microsoft, some U.S. federal agencies, and countless others working in the background to assist in the effort. CAUCE has aggregated a few of the best stories and data-points. A community congratulations, and thank-you to all those involved!" more

Cybercriminals Shifting Focus From Windows PCs to Other Systems and Mobile

In a major cybercrime turning point, scammers have begun shifting their focus away from Windows-based PCs to other operating systems and platforms, including smart phones, tablet computers, and mobile platforms in general, according to the Cisco® 2010 Annual Security Report, released today. The report also finds that 2010 was the first year in the history of the Internet that spam volume decreased, that cybercriminals are investing heavily in "money muling," and that users continue to fall prey to myriad forms of trust exploitation. more