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The latest issue of Policy Review from the Hoover Institution, a public policy research center -- focused on advanced study of politics, economics, and political economy -- has an essay titled eWMDs – electronic weapons of mass destruction. The Policiy Review readers are warned that botnets should be considered a serious security problem and that "cyber attacks present a grave new security vulnerability for all nations and must be urgently addressed." more
Credit card information is the most advertised category of goods and services on the underground economy accounting for 31 percent of the total, according to recent data found by security experts. In a report released today by Symantec, stolen credit card numbers are reported to sell for as little as $0.10 to $25 per card with the average advertised stolen credit card limit at more than $4,000. According to calculations, the potential worth of all credit cards advertised during the reporting period was $5.3 billion. more
The new Global Phishing Survey released by the Anti-Phishing Working Group (APWG) this month reveals that phishing gangs are concentrating their efforts within specific top level domains (TLDs), but also that anti-phishing policies and mitigation programs by domain name registrars and registries can have a significant and positive effect. The number of TLDs abused by phishers for their attacks expanded 7 percent from 145 in H2/2007 to 155 in H1/2008. The proportion of Internet-protocol (IP) number-based phishing sites decreased 35 percent in that same period, declining from 18 percent in the second half of 2007 to 13 percent in the first half of 2008. more
Massive distributed denial of service (DDoS) attacks against ISPs and their customers have almost doubled over the past year, according to a new security report. Attacks on networks making them unavailable to intended users -- also known as distributed denial of service (DDoS) attacks -- exceeded 40 gigabits in the last year according to Arbor Networks' annual survey of ISPs from North America, South America, Europe and Asia. more
According to a report by the Defense Science Board, the President-elect Barack Obama will inherit a cybersecurity infrastructure that is ill-prepared for advanced cyberattacks which will be of particular challenge for the new leaders... Reporting today on eWeek, Roy Mark writes: "The Bush administration has been widely criticized by security experts as de-emphasizing cyber-security and hamstringing the authority of officials in charge of government-wide cyber-security" said Roy Mark in a report eWeek." more
A sophisticated cybercrime group that has maintained an especially devious Trojan horse for nearly three years has stolen login credentials of close to 300,000 online bank accounts and almost as many credit cards during that time, according to reports released today by RSA FraudAction Research Lab. The spyware is called Sinowal Trojan, also known as Torpig and Mebroot. RSA reports that their findings are based on data collected on this Trojan over the course of almost three years -- including information regarding its design and its infrastructure. Findings indicate that this may be one of the most pervasive and advanced pieces of crimeware ever created by fraudsters, say RSA experts. more
Web security company, ScanSafe reports that, in the past quarter, companies in the Energy industry faced the greatest risk of Web-based malware exposure, at a 196% heightened risk compared to other verticals. The Pharmaceutical and Chemicals industry faced the second highest risk of exposure at 192% followed by the Construction & Engineering industry at 150%. The Media and Publishing industry were also among those at highest risk, with a 129% heightened risk compared to other verticals. more
The American National Standards Institute (ANSI) and the Internet Security Alliance (ISA) released today a new action guide to assist business executives in the analysis, management and transfer of financial risk related to a cyber attack. In 2004, the Congressional Research Service estimated the annual economic impact of cyber attacks on businesses -- which can come from internal networks, the Internet or other private or public systems -- to be more than $226 billion. In 2008, U.S. Department of Homeland Security Secretary Michael Chertoff named cyber risks one of the nation's top four priority security issues. more
During a presentation today at the eCrime Researchers Summit in Atlanta, Georgia, security researchers revealed that average lifetime of malicious websites are often longer than they should be due to lack of communication and cooperation between security vendors. According to results, website lifetimes are extended by about 5 days when "take-down" companies -- often hired by Banks -- are unaware of the site. "On other occasions, the company learns about the site some time after it is first detected by someone else; and this extends the lifetimes by an average of 2 days," says Richard Clayton. more
Georgia Tech Information Security Center (GSTISC) today held its annual Security Summit on Emerging Cyber Security Threats and released the GTISC Emerging Cyber Threats Report for 2009, outlining the top five areas of security concern and risk for consumer and enterprise Internet users for the coming year... According to the report, data will continue to be the primary motive behind future cyber crime-whether targeting traditional fixed computing or mobile applications. "It's all about the data," says security expert George Heron -- whether botnets, malware, blended threats, mobile threats or cyber warfare attacks. more
During a conference, "Internet of Things," in France, the U.S. Department of Commerce made the announcement that it will hold a public consultation on the different proposals to cryptographically sign the DNS root zone file, and determine who will hold the root zone trust anchor for global DNSSEC implementation, says Milton Mueller on the Internet Governance Forum blog. The blog, titled "Commerce Department asks the world to comment on its plans to retain control of the root," continues... more
This month marks the fifth annual National Cyber Security Awareness Month. The U.S. Department of Homeland Security's (DHS) National Cyber Security Division (NCSD) will be actively engaging public and private sector partners through events and initiatives to increase overall awareness and minimize vulnerabilities. This year, according to DHS, 28 state governors signed a proclamation in recognition of National Cyber Security Awareness Month and 51 endorsements were provided by companies, non-profits, universities and government agencies. The U.S. House of Representatives passed a resolution declaring October as National Cyber Security Awareness Month. To learn more, visit DHS and StaySafeOnline.org. more
Recent collaborative test by Core Competence and Nominet have concluded that 75% of common residential and small SOHO routers and firewall devices used with broadband services do not operate with full DNSSEC compatibility "out of the box". The report presents and analyzes technical findings, their potential impact on DNSSEC use by broadband consumers, and implications for router/firewall manufacturers. Included in its recommendations, the report suggests that as vendors apply DNSSEC and other DNS security fixes to devices, consumers should be encouraged to upgrade to the latest firmware. more
The Anti-Phishing Working Group (APWG) has released its 2008 first quarter Phishing Activity Trends Report revealing that the Crimeware-Spreading URLs rose rapidly doubling previous high. More specifically, the report say that numbers of crimeware-spreading URLs infecting PCs with password-stealing code rose 93 percent in Q1, 2008 to 6,500 sites, nearly double the previous high of November, 2007 -- and an increase of 337 percent from the number detected end of Q1, 2007. On the positive side, the number of phishing reports and new phishing websites decreased at the end of Q1 2008 period. more
A recent quarterly report titled "State of the Internet" has been released by Akamai providing Internet statistics on the origin of Internet attack traffic, network outages and broadband connectivity levels around the world. According to the report, during the first quarter of 2008, attack traffic originated from 125 unique countries around the world. China and the United States were the two largest traffic sources, accounting for some 30% of traffic in total. The top 10 countries were the source of approximately three quarters (75%) of the attacks measured. Other observations include... more
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