Cybersecurity

Cybercrime Costs German Companies €267 Billion, Organised Crime and Foreign Nations Blamed

German companies have suffered substantial financial losses due to cybercrime and sabotage, totaling approximately €267 billion ($298 billion) over the past year. This represents a 29% increase compared to the previous year, according to a survey released on Wednesday by the industry association Bitkom. more

Information Warfare Publicly Admitted, No Longer Just a Tool for Espionage

Gadi Evron reporting today on Dark Reading: "A National Journal Magazine article called "The Cyberwar Plan" has been making waves the last few days in our circles -- it's about how cell phone and computer attacks were used against Iraqi insurgents by the National Security Agency (NSA). Its significance is far more than just what's on the surface, however. The article describes several issues and that in my opinion confuses what matters..." more

Latvian ISP Closure Dents Cutwail Botnet ...for a Whole 48 Hours

From MessageLabs' latest report: "Real Host, an ISP based in Riga, Latvia was alleged to be linked to command-and-control servers for infected botnet computers, as well as being linked to malicious websites, phishing websites and 'rogue' anti-virus products. Real Host was disconnected by its upstream providers on 1 August 2009. The impact was immediately felt, where spam volumes dropped briefly by as much as 38% in the subsequent 48-hour period. Much of this spam was linked to the Cutwail botnet, currently one of the largest botnets and responsible for approximately 15-20% of all spam. Its activity levels fell by as much as 90% when Real Host was taken offline, but quickly recovered in a matter of days." more

Escalating US, Chinese Silent War on the Internet

Jason Mick reporting in DailyTech: "In the definitive cyberpunk novel Neuromancer, published in 1984, author William Gibson prophetically envisioned that wars of the future would be fought over the internet -- a new construct at the time. Today that prediction appears on the verge of coming true as we stand on the threshold of a vast digital battle. Agents in China, believed to be working for, or endorsed by the Chinese federal government are carrying out a secret cyberwar against the U.S. government and U.S. businesses. And that war appears to be escalating." more

Consumer Reports: U.S. Consumers Lost Nearly $8.5 Billion to Viruses, Spyware, and Phishing

U.S. consumers lost almost $8.5 billion over the last two years to viruses, spyware, and phishing schemes according to latest projections from the Consumer Reports State of the Net survey. Additionally, report estimates that American consumers have replaced about 2.1 million computers over the past two years because of online threats. Survey has also reveals some hopeful signs such as declining chances of becoming a cybervictim -- consumers have 1 in 6 chance of becoming a cybervictim, down from 1 in 4 in 2007. more

US Law-Enforcement Agencies Reported to be at Risk in Foreign-Owned Buildings

US law-enforcement agencies are at risk of being spied on and hacked because some of their field offices are located in foreign-owned buildings without even knowing it. more

Survey Suggests Strained Budgets Causing Security Cutbacks on Known Threats

A recent survey of security professionals by RSA Conference with regards to critical security threats and infrastructure issues currently faced, revealed budgetary constrains as the top challenge currently faced. According to reports, the study suggests that even though practitioners are most concerned about email phishing and securing mobile devices, technologies addressing these needs are at risk of being cut from IT budgets. 72% percent of respondents indicated a rise in email-borne malware and phishing attempts since Fall 2008, with 57% stating they have seen an increase in Web-borne malware. Concerns about zero-day attacks and rogue employees as a result of layoffs were cited by 28% and 26% of survey respondents, respectively. more

A Collision Between Tech Policy and Foreign Policy: the UN Cybercrime Convention

Sometime by year-end, the UN General Assembly (UNGA) will vote on the proposed UN Convention Against Cybercrime. The treaty is opposed by most civil liberties organizations and Internet businesses, although the US position appears uncertain, mostly for reasons of foreign policy. more

Biden Administration to Back UN Cybercrime Treaty Amid Controversy

The Biden administration is poised to support a contentious United Nations cybercrime treaty, a move likely to spark debate over potential abuses, according to top officials.  more

How Dormant Domains Can Be Weaponized During Events Like the 2024 U.S. Election

As with any high-stakes event, elections have become a prime target for cybercriminals seeking to exploit public trust through impersonation, misinformation, and scams. CSC's comprehensive research about the 2024 U.S. Election reveals the alarming role of dormant domains, which have the potential to be exploited for launching cyber attacks against political campaigns, organizations, and constituents. more

Over Half of Critical Infrastructure Providers Report Politically Motivated Cyber Attacks

A recent study released today suggests 53 percent of critical infrastructure providers have experienced what they perceived as politically motivated cyber attacks. According to Symantec's 2010 Critical Information Infrastructure Protection (CIP) Survey, participants claimed to have experienced such an attack on an average of 10 times in the past five years, incurring an average cost of $850,000 during a period of five years to their businesses. more

Google Announces Experiment with Post-Quantum Cryptography

Google is experimenting with new cryptography to future-proof Internet communications against quantum computers. Matt Braithwaite, Google Software Engineer in a blog post on Thursday wrote: "Quantum computers are a fundamentally different sort of computer that take advantage of aspects of quantum physics to solve certain sorts of problems dramatically faster than conventional computers can." more

United States and Britain to Conduct Financial Cyber-Security Test

U.S. and Britain plan to conduct a test later this month to assess how regulators for the world's two biggest financial centers in New York and London would communicate in the event of a major cyberattack or broader IT problems, a spokesman for British government cybersecurity body CERT-UK said on Monday. more

Whither Cyber-Insurance?

When you go to the doctor for a yearly checkup, do you think about health or insurance? You probably think about health, but the practice of going to the doctor for regular checkups began because of large life insurance companies in the United States. These companies began using statistical methods to make risk or to build actuarial tables they could use to set the premiums properly. Originally, life insurance companies relied on the "hunches" of their salesmen, combined with... more

Latest Study Suggests Computers Remain Infected Far Longer Than Previously Suggested

Contrary to previous security reports suggesting compromised machines remain infected for 6 weeks, experts at Trend Micro say these estimates are far from accurate. In its recent blog post the company said: "During the analysis of approximately 100 million compromised IP addresses, we identified that half of all IP addresses were infected for at least 300 days. That percentage rises to eighty percent if the minimum time is reduced to a month." Additionally the study also indicates that while three quarter of the IP addresses were linked to consumer users, the remaining quarter belonged to enterprise users. more