Cybercrime

Repeat DDoS Attacks the Norm in Q4 2015, 24 Attacks per Target on Average

During Q4, repeat DDoS attacks were the norm, with an average of 24 attacks per targeted customer in Q4, reports Akamai in its newly released Q4 2015 State of the Internet - Security Report. more

The Cyberthreats and Trends Enterprises Should Watch in 2016

Every year, Verisign iDefense Security Intelligence Services produces its Cyberthreats and Trends Report, which provides an overview of the key cybersecurity trends of the previous year and insight into how Verisign believes those trends will evolve. This report is designed to assist in informing cybersecurity and business operations teams of the critical cyberthreats and trends impacting their enterprises, helping them to anticipate key developments and more effectively triage attacks and allocate their limited resources. more

Malware Reach Is Expanding, Ransomware on the Rise

We live in an online age, one where malware infections have become commonplace. Some might say this is the price of doing business online. News headlines report damaging attacks on well-known brands with depressing regularity. Consumer confidence suffers as customers look to organizations to sort out the issue, secure their transactions and fix the problem. more

Thought Leaders Create New Trends & Solutions, Followers Just Follow - Which Are You?

Last week I asked on a post elsewhere, why we, at the MLi Group, chose to consider speakers, panelists, supporters and sponsors at our Global Summit Series (GSS) as "Thought Leaders" and "Trend Setters? Many wrote me directly offering their answers and then it dawned on me that my answer may (or may not) get appreciated by many at the ICANN community. So here is why we do. more

Experienced a Breach? Here Are Four Tips for Incident Response

The threat level has never been higher for organizations charged with protecting valuable data. In fact, as recent headlines will attest, no company or agency is completely immune to targeted attacks by persistent, skilled adversaries. The unprecedented success of these attacks against large and well-equipped organizations around the world has led many security executives to question the efficacy of traditional layered defenses as their primary protection against targeted attacks. more

US, China Reach Agreement on Guidelines to Combat Cybercrime

United States Justice Department has announced that US and China have reached an agreement governing how the two countries will request assistance to combat cybercrime. more

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

UK Announces Additional £1.9 Billion in Cyber Security Funding

Chancellor George Osborne announces government plan to almost double its investment in cyber security initiatives over the next five years, spending an additional £1.9 billion. more

Exploiting Video Console Chat for Cybecrime or Terrorism

A couple of days ago there was a lot of interest in how terrorists may have been using chat features of popular video console platforms (e.g. PS4, XBox One) to secretly communicate and plan their attacks. Several journalists on tight deadlines reached out to me for insight in to threat. Here are some technical snippets on the topic that may be useful for future reference. more

Experts Propose Plan for More Secure Wi-Fi Devices

Over 260 global network and security experts have collectively responded to the newly proposed FCC rules laid out in ET Docket No. 15-170 for RF Devices such as Wi-Fi routers by proposing a new approach to improve the security of these devices. The letter warns FCC ruling will cause more harm than good and risk a significant overreach of the Commission's authority. more

Whither Passwords

The primary means of authentication on the Internet is the password -- a half-century old, shared secret mechanism that is difficult to use (especially on mobile devices) and has acknowledged security flaws including attacks at scale. Even so, passwords remain the most prevalent form of authentication with efforts to enhance security typically relying on "bolt on" solutions that increase user friction. 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

Hacking Increasingly Becoming a Physical Concern

If this past quarter's stories are any indication, we could very well be seeing the rise of a new wave of threats that will affect people in a more pronounced and physical level, reports Trend Micro in its Q2 Security Roundup Report. more

U.S. Preparing Sanctions Against Chinese Firms and Individuals over Cyberespionage

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

Networking Firm Loses $46.7 Million to Fraudulent Wire Transfer

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