Cybercrime

NATO Announces 58 Million Euro Investment in Cyber Defence

The NATO Consultation, Command and Control Agency (NC3A) has announced the award of a contract for upgrading the NATO cyber defence capabilities. The award to private industrial companies will enable the already operating NATO Computer Incident Response Capability (NCIRC) to achieve full operational capability by the end of 2012. At approximately 58 million Euro, it represents NATO's largest investment to date in cyber defence.

Study Links Half of “Rogue” Online Pharmacies to Two Domain Name Registrars

Brian Krebs reporting in Krebs on Security: "Half of all 'rogue' online pharmacies -- sites that sell prescription drugs without requiring a prescription -- got their Web site names from just two domain name registrars, a study released today found. The findings illustrate the challenges facing Internet policymakers in an industry that is largely self-regulated and rewards companies who market their services as safe havens for shadowy businesses."

No New Cybersecurity Regulations Needed, ISPs Tell U.S. Lawmakers

A group of ISPs on wednesday told U.S. Congress that passing new cybersecurity rules affecting broadband and mobile service providers is counterproductive and should be resisted. Jason Livingood, vice president of Internet systems engineering at Comcast, during a hearing before the U.S. House of Representatives Energy and Commerce Committee's communications subcommittee, said: ISPs have "strong incentives" to secure their networks and invest heavily in cybersecurity because of competition.

DNSChanger Trojan Still Running on Half of Fortune 500s, US Govt

More than two months after authorities shut down a massive Internet traffic hijacking scheme, the malicious software that powered the criminal network is still running on computers at half of the Fortune 500 companies, and on PCs at nearly 50 percent of all federal government agencies, new research shows," reports Brian Krebs.

Public-Private Cooperation Policy for Cyber Security Suggested by Commissioner Kroes

At a speech during the Security and Defense Agenda meeting on 30 January Vice-President of the European Commission, Neelie Kroes, showed how the Commission envisions public-private cooperation on cyber security.

Japan Developing Distinctive Anti-Cyberattack Virus

The Japanese Defense Ministry is creating a computer virus capable of tracking, identifying and disabling sources of cyberattacks, according to reports. The development of the virtual cyberweapon was launched in 2008. Since then, the weapon has been tested in a closed network environment. "The most distinctive feature of the new virus is its ability to trace cyber-attack sources. It can identify not only the immediate source of attack, but also all "springboard" computers used to transmit the virus."

White House Announces Agenda for Game-Changing Cybersecurity R&D

The United States White House Office of Science and Technology Policy (OSTP) has released a new report titled, Trustworthy Cyberspace: Strategic Plan for the Federal Cybersecurity Research and Development Program, specifying an agenda for "game-changing" cybersecurity R&D according to an official announcement today. The report is described as "a roadmap to ensuring long-term reliability and trustworthiness of the digital communications network that is increasingly at the heart of American economic growth and global competitiveness."

Mobile Malware Growing Exponentially, Limited Capability of Current Security Solutions Big Concern

Security analysis suggest troubling and escalating trends in the development of malware that exploits vulnerabilities on mobile devices. "From turning mobile devices into bots, to infiltration of mobile applications, driven by the use of personal devices in the workplace, cybercriminals are taking full advantage of this market," reports M86 Security Labs in its just released Threat Predictions Report.

Mega International DNS Malware Operation Dismantled, Reports FBI

FBI today announced six Estonian nationals have been arrested and charged with running a sophisticated Internet fraud ring that infected millions of computers worldwide with a virus and enabled the thieves to manipulate the multi-billion-dollar Internet advertising industry. Users of infected machines were unaware that their computers had been compromised -- or that the malicious software rendered their machines vulnerable to a host of other viruses.

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.

Duqu Reported as Precursor to a Future Stuxnet-Like Attack

Virus researchers at Symantec Corp. have revealed a variant of the Stuxnet worm, named Duqu, that is found to be stealing information about industrial control systems. Symantec reports: "Duqu's purpose is to gather intelligence data and assets from entities, such as industrial control system manufacturers, in order to more easily conduct a future attack against another third party. The attackers are looking for information such as design documents that could help them mount a future attack on an industrial control facility... Parts of Duqu are nearly identical to Stuxnet, but with a completely different purpose."

OPTA revokes Diginotar License as TTP

Wout de Natris: "In this decision OPTA revokes the registration of Diginotar as a so called Trusted Third Party. Diginotar issued certified certificates for digital signatures. The security breach by Iranian hackers over the summer, which Diginotar did not report to the authorities, lead to severe credibility issues for all Diginotar certificates issued before. This included Dutch government websites, but also led to severe breaches of privacy for Iranian end users, in multiple countries. As a result of OPTA's decision all certificates issued by Diginotar have to be revoked, while at the same she is forbidden to issue new ones.

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.

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.

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."