Cybersecurity

Report Estimates Cybercrime Taking $600 Billion Toll on Global Economy

Cybercrime is costing businesses close to $600 billion, or 0.8 percent of global GDP, according to a report released today by McAfee, in partnership with the Center for Strategic and International Studies (CSIS). more

Hackers Use Tesla’s Amazon Cloud Account to Mine Cryptocurrency

Tesla's cloud environment has been infiltrated by hackers and used to mine cryptocurrencies, researchers have discovered. Other victims include Aviva and Gemalto. more

Botnets Shift Focus to Credential Abuse, Says Latest Akamai Report

Akamai's Fourth Quarter, 2017 State of the Internet, was released today in which it states that the analysis of more than 7.3 trillion bot requests per month has found a sharp increase in the threat of credential abuse, with more than 40 percent of login attempts being malicious. more

Hackers Earned Over $100K in 20 Days Through Hack the Air Force 2.0

HackerOne has announced the results of the second Hack the Air Force bug bounty challenge which invited trusted hackers from all over the world to participate in its second bug bounty challenge in less than a year. more

The New State Department Cyberspace Bureau: from Multilateral Diplomacy to Bilateral Cyber-Bullying

These days in Washington, even the most absurd proposals become the new normal. The announcement yesterday of a new U.S. State Department Cyberspace Bureau is yet another example of setting the nation up as an isolated, belligerent actor on the world stage. In some ways, the reorganization almost seems like a companion to last week's proposal to take over the nation's 5G infrastructure. Most disturbingly, it transforms U.S. diplomacy assets from multilateral cooperation to becoming the world's bilateral cyber-bully nation. more

Gold Dragon Helps Olympics Malware Attacks Gain Permanent Presence on Systems, Reports McAfee

A report recently released by McAfee Advanced Threat Research (ATR) revealed a fileless attack targeting organizations involved with the Pyeongchang Olympics. more

Thailand has Become the World’s Leading Hotspot for Cryptocurrency Mining Malware

New research indicates Thailand as being the world's number one hotspot for cryptocurrency mining malware. more

Alphabet Launches New Cybersecurity Company, Chronicle

A new cybersecurity company called Chronicle has emerged from Alphabet's "moonshot factory," that's dedicated to helping companies find and stop cyberattacks before they cause harm. more

Industrial Plant Attack Generates Renewed Concerns Over Critical Infrastructure Hacking Threats

A recent malware attack on the control systems of an industrial plant has renewed concerns about the threat hacking poses to critical infrastructure. more

Some Hackers Earning Over 16 Times That of Full-Time Software Engineers in Their Home Country

A report from one of the largest documented surveys conducted on the ethical hacking community reveals some hackers are earning over 16 times that of full-time software engineers in their home country. more

Preventing ‘Techlash’ in 2018: Regulatory Threats

U.S. Chamber of Commerce President Thomas J. Donohue on January 10, 2018, warned that "techlash" is a threat to prosperity in 2018. What was he getting at? A "backlash against major tech companies is gaining strength -- both at home and abroad, and among consumers and governments alike." "Techlash" is a shorthand reference to a variety of impulses by government and others to shape markets, services, and products; protect local interests; and step in early to prevent potential harm to competition or consumers. more

The Over-Optimization Meltdown

In simple terms, Meltdown and Spectre are simple vulnerabilities to understand. Imagine a gang of thieves waiting for a stage coach carrying a month's worth of payroll. There are two roads the coach could take, and a fork, or a branch, where the driver decides which one to take. The driver could take either one. What is the solution? Station robbers along both sides of the branch, and wait to see which one the driver chooses. more

Banking Industry Evaluating Security Benefits of Blockchain to Send Encrypted Information

The banking industry is evaluating security benefits of using blockchain to send encrypted information. more

China’s Pursuit of Public International Cybersecurity Law Leadership

There are relatively few venues today for the development of public international cybersecurity law among Nation States. One was the United Nations Group of Governmental Experts (UNGGE) at which the U.S. several months ago announced its de facto withdrawal with some concern expressed. A much older, well-established venue is newly assuming considerable significance - the Expert Group on the International Telecommunication Regulations (EG-ITRs). more

CircleID’s Top 10 Posts of 2017

It is once again time for our annual review of posts that received the most attention on CircleID during the past year. Congratulations to all the 2017 participants for sharing their thoughts and making a difference in the industry. 2017 marked CircleID's 15th year of operation as a medium dedicated to all critical matters related to the Internet infrastructure and services. We are in the midst of historic times, facing rapid technological developments and there is a lot to look forward to in 2018. more