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).

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.

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.

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.

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.

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.

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.

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.

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.

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.

Two Romanians Charged for Hacking Washington DC Police Computers Linked to Surveillance Cameras

US prosecutors have charged two Romanians with hacking Washington DC police computers linked to surveillance cameras just days before President Donald Trump's inauguration.

Cyberattack Causes Operational Disruption to Critical Infrastructure Using New Malware TRITON

A new malware designed to manipulate industrial safety systems was deployed against a critical infrastructure organization that provides emergency shutdown capability for industrial processes, according to a report released today.

Russian-Speaking MoneyTaker Group Suspected of Stealing $10M From Companies in Russia, UK and US

According to report today, Russian-speaking hackers called MoneyTaker, are suspected of stealing nearly $10m by removing overdraft limits on debit cards and taking money from cash machines.

Worldwide Security Spending to Reach $96 Billion in 2018, Up 8 Percent from 2017, Says Gartner

Worldwide enterprise security spending to total $96.3 billion in 2018, an increase of 8 percent from 2017, Gartner forecasts.

Russia in Talks to Create Independent DNS

The Russian Security Council has proposed development of an independent DNS which would continue to work in the event of global internet malfunctions, according to a report from RT.