Cybercrime

Policy Review: Botnets are eWMD, electronic Weapons of Mass Destruction

The latest issue of Policy Review from the Hoover Institution, a public policy research center -- focused on advanced study of politics, economics, and political economy -- has an essay titled eWMDs – electronic weapons of mass destruction. The Policiy Review readers are warned that botnets should be considered a serious security problem and that "cyber attacks present a grave new security vulnerability for all nations and must be urgently addressed."

Cybercrime, Underground Economy Booming, Stolen Credit Card Data Main Driver

Credit card information is the most advertised category of goods and services on the underground economy accounting for 31 percent of the total, according to recent data found by security experts. In a report released today by Symantec, stolen credit card numbers are reported to sell for as little as $0.10 to $25 per card with the average advertised stolen credit card limit at more than $4,000. According to calculations, the potential worth of all credit cards advertised during the reporting period was $5.3 billion.

Judges Grants Stay in Kentucky Domain Seizure Case

A Court of Appeals in Kentucky has granted a motion to delay a forfeiture hearing that will determine the fate of 141 domain names related to online gambling and poker sites. The Interactive Media Entertainment and Gaming Association (iMEGA), an Internet trade association based in Washington, D.C., asked the three-panel appeals courts to grant a stay so that the appeals court could consider iMEGA's petition to have the lower court seizure ruling overturned.

DDoS Attacks Getting More Powerful, ISPs Report Concern Over New Threats and Budget Pressures

Massive distributed denial of service (DDoS) attacks against ISPs and their customers have almost doubled over the past year, according to a new security report. Attacks on networks making them unavailable to intended users -- also known as distributed denial of service (DDoS) attacks -- exceeded 40 gigabits in the last year according to Arbor Networks' annual survey of ISPs from North America, South America, Europe and Asia.

Defense Science Board Urges Obama to Take Immediate Cybersecurity Measures

According to a report by the Defense Science Board, the President-elect Barack Obama will inherit a cybersecurity infrastructure that is ill-prepared for advanced cyberattacks which will be of particular challenge for the new leaders... Reporting today on eWeek, Roy Mark writes: "The Bush administration has been widely criticized by security experts as de-emphasizing cyber-security and hamstringing the authority of officials in charge of government-wide cyber-security" said Roy Mark in a report eWeek."

ICANN Terminates EstDomains, Seeks Bulk Transfer of Customers

In follow up to reports on ICANN's termination of notorious domain name registrar, EstDomains due to fraudulent activities, the Internet oversight agency is now preparing to transfer domain names of its customers to other registrars... However the question asked by experts is whether any other registrar would have an interest in inheriting EstDomains questionable domain names.

Energy Industry Number One Target by Cyber Criminals, According to New Study

Web security company, ScanSafe reports that, in the past quarter, companies in the Energy industry faced the greatest risk of Web-based malware exposure, at a 196% heightened risk compared to other verticals. The Pharmaceutical and Chemicals industry faced the second highest risk of exposure at 192% followed by the Construction & Engineering industry at 150%. The Media and Publishing industry were also among those at highest risk, with a 129% heightened risk compared to other verticals.

IT Security Guide: “Financial Impact of Cyber Risk” Released by ANSI and ISA

The American National Standards Institute (ANSI) and the Internet Security Alliance (ISA) released today a new action guide to assist business executives in the analysis, management and transfer of financial risk related to a cyber attack. In 2004, the Congressional Research Service estimated the annual economic impact of cyber attacks on businesses -- which can come from internal networks, the Internet or other private or public systems -- to be more than $226 billion. In 2008, U.S. Department of Homeland Security Secretary Michael Chertoff named cyber risks one of the nation's top four priority security issues.

Cyber Security Forecast for 2009: Data and Mobility Key Part of Emerging Threats

Georgia Tech Information Security Center (GSTISC) today held its annual Security Summit on Emerging Cyber Security Threats and released the GTISC Emerging Cyber Threats Report for 2009, outlining the top five areas of security concern and risk for consumer and enterprise Internet users for the coming year... According to the report, data will continue to be the primary motive behind future cyber crime-whether targeting traditional fixed computing or mobile applications. "It's all about the data," says security expert George Heron -- whether botnets, malware, blended threats, mobile threats or cyber warfare attacks.

Largest Spam Gang Operation in the World Shutdown by U.S. and New Zealand Authorities

U.S. authorities announced today that they have shut down one of the largest spam operations in the world, an extensive network with ties to Australia, New Zealand, India, China and the United States. The group, dubbed 'HerbalKing' by spam fighting organizations, had been active as far back as 2005 and became notorious as the number one worst spam gang on the Internet for much of 2007 and 2008 according to Spamhaus, a non-profit anti-spam research group.

Continued Controversy Over Google Ads on Typosquatted Domains

Regular readers of this site would be familiar with the ongoing legal battles involving the practice of typosquatting; the registration of misspelled domain names of well know brands with the intention of making a profit. Taking advantage of the fact that millions of online users mistype addresses of websites they intend to visit, typosquatters register common misspelled versions of popular sites and make money by displaying ads. Google's AdSense for Domains (AFD) program, often used for displaying such ads, has been particularly targeted by trademark owners which according to McAfee's SiteAdvisor, serves ads on more than 80% of typosquatting sites recently uncovered.

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...

U.S. Slammed as Major Host for Cybercrime

While Russia and Ukraine are generally regarded as today's main cybercrime hubs, "a lot of their infrastructure is housed in the west, in the United States to be precise," writes Vincent Hanna of Spamhaus Project. "Without exception, all of the major security organizations on the Internet we know of agree that the 'Home' of cybercrime in the western world is a place known as Atrivo/Intercage. We ourselves have not come to this conclusion lightly but from many years of dealing with criminal operations hosted by Atrivo/Intercage, gangs of cybercriminals -- mostly Russian and East European but with several US online crime gangs as well -- whose activities always lead back to servers run by Atrivo/Intercage..."

Cyber Threats Accelerate: 94% of Web Browser Exploits Occur Within 24 Hours of Disclosure

Today X-Force, IBM's security research and development arm, released its 2008 Midyear Trend Statistics report that indicates cyber-criminals are adopting new automation techniques and strategies that allow them to exploit vulnerabilities much faster than ever before. The new tools are being implemented on the Internet by organized criminal elements, and at the same time public exploit code published by researchers are putting more systems, databases and ultimately, people at risk of compromise.

US-CERT Says They Are Aware of DNS Exploit Code, Emphasizes Urgent Patching

The United States Computer Emergency Readiness Team (US-CERT) has acknowledged that they are aware of the publicly available exploit code for a cache poisoning vulnerability in common DNS implementations. US-CERT is re-emphasizing the urgency of patching vulnerable DNS systems.