Cybersecurity

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

ITU Putting Global Cyber Security on Top of Its Agenda

Lisa Schlein of the Voice of America reports: "A new system for tackling the growing number of Global Cyber Attacks has been unveiled at ITU Telecom World 2009, a mammoth exhibition, which showcases the latest advances in ICT or information and communications technology. The International Telecommunications Union, which is sponsoring the event, has put global cyber security at the heart of its agenda. 'As you well know, the next world war could happen in the cyber space and that would be a catastrophe,' said ITU secretary-general, Hamdoun Toure." more

Pokemon Go Server Outage, Hacking Group Claims Credit

OurMine claims credit for DDoS attack on Pokemon Go servers: Several news outlets have reported the hacking group OurMine - also notorious for compromising social media accounts of various celebrities - on Monday took responsibility of hacking the game servers. more

Over 3.2 Million Debit Cards May Have Been Compromised, Says National Payment Corporation of India

A total of 3.2 million debit cards across 19 banks may have been compromised as a result of a suspected malware attack. The breach, possibly largest of its kind in India, was confirmed by the National Payment Corporation of India (NPCI) in a statement today. more

C-SPAN Interview: Internet and Cybersecurity

C-SPAN interviews professor Gene Spafford from Purdue University on the topic of cybersecurity and how the current Internet is a conduit for all types of "cybercrime". He also talks about the much discussed article "A New Internet?" by John Markoff in the February 14, 2009, New York Times in which he was quoted. The piece argued for a new type of Internet that is more secure with the trade-off of users giving up more of their anonymity. Professor Spafford talks about alternative solutions and he responded to questions via telephone calls and email. 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

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

Malware Production Continues at Record-Setting Pace; 6000 Unique Pieces Per Day

Security researches report seeing as much unique malware in the first half of 2009 as seen in all of 2008. "This is quite something when you consider that in 2008 we saw the greatest ever growth in malware," says David Marcus of McAfee Avert Labs. More specifically, Marcus in a blog post writes that the numbers add up to an average of 200,000 unique pieces malware monthly or more than 6,000 a day. "Bear in mind these are malware we consider unique (something we had to write a driver for) and does not count all the other malware we detect generically or heuristically... When you add in the generic and heuristic detections the number becomes truly mind boggling," writes Marucs. more

Malware Decrease in February, Trojans Continue to Be Most Prolific

Only 39 percent of computers scanned in February were infected with malware, compared to 50 percent last month, according to recent data gathered by Panda Security. Trojans were found to be the most prolific malware threat, responsible for 61 percent of all cases, followed by traditional viruses and worms which caused 11.59 percent and 9 percent of cases worldwide, respectively. more

Google’s Project Zero Team Discovers Critical Vulnerabilities in Symantec and Norton

"These vulnerabilities are as bad as it gets," says Google's Information Security Engineer, Tavis Ormandy, in reference to multiple critical vulnerabilities discovered affecting Symantec, a popular vendor in the enterprise security market. more

China’s CNCERT Response to Google

Gadi Evron writes: "China responds to Google's accusations on its CNCERT web site, here. Johannes Ullrich just brought this to my attention on Facebook. In short, CNCERT wrote that China is the biggest victim of cyber attacks, and that Google lacks evidence to link the recent attacks to China as the perpetrator. I am certain more details and analysis will become available soon." more

Dozens of US House of Representatives Websites Hacked

US House officials have confirmed hackers breaching several websites belonging to House of Representatives members in the past week. Portions of the websites were replaced by digital graffiti which began earlier this month, according to zone-h. Brian Krebs of the Washington Post reports: "Rep. Spencer Bachus has sent a letter to the House's chief administrative officer, requesting more information about the attacks. Bachus cites information provided to him by Gary Warner, director of research in computer forensics at the University of Alabama at Birmingham. Warner suggested that the break-ins at the House sites were caused not by password guessing [as reported initially], but by 'SQL injection,' an attack that exploits security weaknesses in Web server configurations." more

Steps on How Service Providers Can Combat CPE Fraud and Protect Network Security

Cable modem fraud can be a major source of revenue leakage for service providers. A recent study found that communication service providers lost $3 billion dollars worldwide due to cable modem cloning and fraudulent practices. To combat this problem, device provisioning solutions include mechanisms to prevent loss -- but what do you really need to protect your bottom line? more

Obama: From Now On Digital Infrastructure Treated As Strategic National Asset

In a speech today from the White House, President Obama declared that the United States' computers and digital networks are strategic national assets and that he will personally appoint a cybersecurity coordinator to oversee the effort to protect this critical infrastructure. more

RIPE 86 Bites: Encryption and Active Network Management

Change is hard, and the larger the system, the slower the pace of change. There are just so many systems that need to change their behaviors, and the motivations of users, vendors, service providers, content generators and many others all vary. Getting all of us to change some aspect of our technology, platform or application set is hard, if not impossible, to orchestrate such that it happens at the same time. more