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Bangladesh Central Bank Governor Quits Amidst One of the Largest Cyber Heists

Bangladesh's central bank governor has resigned today amidst theft of $81 million from the bank's U.S. account, as details emerged in the Philippines that $30 million of the money was delivered in cash to a casino junket operator in Manila. more

Blocking and Filtering in Collaborative Security Context - A Reflection on RFC 7754

The other day, I planned to take my 15-year-old son to the movie theatre to see "Hateful Eight" in 70mm film format. The theatre would not allow him in. Under article 240a of the Dutch penal code, it is a felony to show a movie to a minor when that movie is rated 16 or above. Even though I think I am responsible for what my son gets to see, I understand that the rating agency put a 16-year stamp on this politically-incorrect-gun-slinging-gore-and-curse-intense-comedy feature. more

What Your ISP (Probably) Knows About You

Earlier this week, I came across a working paper from Professor Peter Swire - a highly respected attorney, professor, and policy expert. Swire's paper, entitled "Online Privacy and ISPs", argues that ISPs have limited capability to monitor users' online activity. The paper argues that ISPs have limited visibility into users' online activity for three reasons: (1) users are increasingly using many devices and connections, so any single ISP is the conduit of only a fraction of a typical user's activity; (2) end-to-end encryption is becoming more pervasive, which limits ISPs' ability to glean information about user activity; and (3) users are increasingly shifting to VPNs to send traffic. more

Repeat DDoS Attacks the Norm in Q4 2015, 24 Attacks per Target on Average

During Q4, repeat DDoS attacks were the norm, with an average of 24 attacks per targeted customer in Q4, reports Akamai in its newly released Q4 2015 State of the Internet - Security Report. more

Better “Always-On” DDoS Mitigation

Distributed Denial of Services (DDoS) attacks have been the frustration of information technology professionals for many years. When asked, most tell you they wish their internet service providers (ISPs) would simply provide them "clean pipes" all the time and take care of DDoS attacks upstream before they ever get to them. Unfortunately, the resources (equipment and personnel) necessary to clean Internet connections all the time are very expensive and come with several downsides. more

Approach IoT With Security in Mind, Says AT&T Chairman

By 2020, some 50 billion devices are expected to connect to the Internet and the economic value created by IoT could be worth as much as $11.1 trillion -- roughly 11% of the global economy by 2025, according to a new report released by AT&T. more

Can We Really Blame DNSSEC for Larger-Volume DDoS attacks?

In its security bulletin, Akamai's Security Intelligence Response Team (SIRT) reported on abuse of DNS Security Extensions (DNSSEC) when mounting a volumetric reflection-amplification attack. This is not news, but I'll use this opportunity to talk a bit about whether there is a trade-off between the increased security provided by DNSSEC and increased size of DNS responses that can be leveraged by the attackers. more

How Much Are You Losing to Internal Fraud?

Think your organization is exempt from in-house network abuse? Think again. A CFCA Global Fraud Survey of communication service providers found that dealer fraud was one of the top five methods of fraud, costing $US 3.35 billion annually. In this scenario, customer service representatives (CSRs) or administrators with access to account information may upgrade friends or family to a premium service package or even provide free access to services. more

The Cyberthreats and Trends Enterprises Should Watch in 2016

Every year, Verisign iDefense Security Intelligence Services produces its Cyberthreats and Trends Report, which provides an overview of the key cybersecurity trends of the previous year and insight into how Verisign believes those trends will evolve. This report is designed to assist in informing cybersecurity and business operations teams of the critical cyberthreats and trends impacting their enterprises, helping them to anticipate key developments and more effectively triage attacks and allocate their limited resources. more

Large Volume of DNSSEC Amplification DDoS Observed, Akamai Reports

A dramatic increase in DNS reflection/amplification DDoS attacks abusing Domain Name System Security Extension (DNSSEC) configured domains have been observed in the past few months, according to a security bulletin released by Akamai’s Security Intelligence Response Team (SIRT). more

DNS MythBusters - Straightening Out Common Misconceptions

Over the last couple of years, the networking industry has grown aware of the various security issues that could potentially have a huge impact on their operations. One of the topics that has raised in appeal is DNS security. Considering that much of the publicity around DNS is made by vendors trying to differentiate their solutions, there are many misconceptions out there that guide people into making poor investment in their infrastructure. more

GNU C Library Found Vulnerable to Rogue DNS Server Attacks

Security experts from Google's Project Zero along with researchers from Red Hat, have identified and helped patch a security flaw in the GNU C Library (glibc) that could be exploited via rogue DNS servers, reports Catalin Cimpanu from Softpedia. more

Obama Proposes $19 Billion for Cybersecurity in Final Budget Plan

President Obama is seeking a 35 percent increase in cybersecurity funding in his final budget to boost the capability of the federal government to defend itself against cyberattacks, reports Ellen Nakashima in the Washington Post. more

How to Choose a Cyber Threat Intelligence Provider

Throughout the course of my career I've been blessed to work with some of the most talented folks in the security and cyber threat intelligence (CTI) mission space to create a variety of different capabilities in the public, private and commercial sectors. Before I came to lead the Verisign iDefense team about five years ago, I had to evaluate external cyber-intelligence vendors to complement and expand the enterprise capabilities of my former organization. more

Lessons to Be Learned from the Armada Collective’s DDoS Attacks on Greek Banks

'It could've been worse' is a fascinating expression. It implies that the incident in question obviously could have been worse than expected, however it also implies that it could have been better, ultimately leading to the conclusion that it was at least somewhat bad. So both fortunately and unfortunately for three Greek banks, the ransom DDoS attacks levied against them by hacker group the Armada Collective could have been worse. more