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Hot Take on the Twitter Hack

If you read this blog, you've probably heard by now about the massive Twitter hack. Briefly, many high-profile accounts were taken over and used to tweet scam requests to send Bitcoins to a particular wallet, with the promise of double your money back. Because some of the parties hit are sophisticated and security-aware, it seems unlikely that the attack was a straightforward one directly on these accounts. more

Cyptech Needs You!

In August of last year I wrote in a blog about the importance of cryptech to wide-scale trust in the Internet. For those who don't know about it, http://cryptech.is is a project aiming to design and deploy an openly developed, trustable Hardware Security Module (HSM) which can act both as a keystore (holding your secrets and keeping them private) and as a signing engine. more

New Cyber Security Bill Could Increase Power of President and DHS

Introduced by ranking Senate members of the Homeland Security and Governmental Affairs Committee, the Protecting Cyberspace as a National Asset Act of 2010, S.3480 is intended to create an Office of Cyber Policy in the executive branch of the government, confirmed by the Senate and ultimately reporting to the president. Senators Joe Lieberman, Blanche Lincoln and Tom Carper introduced the bill publicly on June 10, and a critical part of the bill is that critical infrastructure networks such as electricity grids, financial systems and telecommunications networks need to cooperate with the Office of Cyber Policy. more

Research Finds Mobile Malware Infections Overblown

Advanced threat detection company, Damballa has released findings of a new research on Wednesday, detailing the overblown nature of the mobile malware problem. According to the company, the research, based on Big Data (50% of US mobile traffic), was used to determine actual malware infection rates -- not just samples found, or vulnerabilities/theoretical attacks. more

OpenDNSSEC Launched to Help Drive Adoption of DNSSEC

A team of developers including .SE (The Internet Infrastructure Foundation), LNetLabs, Nominet, Kirei, SURFnet, SIDN and John Dickinson have come together to create open source software, called OpenDNSSEC, to make it easier to deploy DNSSEC. Patrik Wallström, responsible for DNSSEC at .SE comments: "In order to spread the use of DNSSEC to an increased number of domain names, the management surrounding this technology must be simplified. Together with a number of collaborators, we're developing OpenDNSSEC. Leveraging our deployment experience, we will produce a well-packaged, easy-to-use and flexible DNSSEC tool that eliminates all manual procedures. Those in charge of name servers no longer need detailed knowledge about the protocol in order to use it." more

British Organizations Could Face Massive Fines for Cybersecurity Failures

Organizations who fail to implement effective cybersecurity measures could be fined as much as £17 million or 4% of global turnover, as part of Britain's plan to prevent cyberattacks. more

US Government Networks Thoroughly Penetrated by Foreign Spies, Experts Tell Senate

Network security experts from across the U.S. government told a U.S. Senate Armed Services Subcommittee on Tuesday that federal networks have been thoroughly penetrated by foreign spies, and that current perimeter-based defenses that attempt to curb intrusions are outdated and futile. more

Networking Firm Loses $46.7 Million to Fraudulent Wire Transfer

Ubiquiti Networks Inc., a San Jose based maker of networking technology, has disclosed that cyber criminals stole $46.7 million via a "business email compromise fraud involving employee impersonation." more

Should You Pay Ransomware Demands?

Ransomware is a huge problem for small and medium businesses, and the most important question is this: should you pay the ransom? Ransomware has proven a successful revenue generator for criminals, which means the risk to businesses will grow as ransomware becomes more sophisticated and increasing numbers of ethically challenged criminals jump on the bandwagon. more

Hosters: Is Your Platform Being Used to Launch DDoS Attacks?

As anyone who's been in the DDoS attack trenches knows, large multi-gigabit attacks have become more prevalent over the last few years. For many organizations, it's become economically unfeasible to provision enough bandwidth to combat this threat. How are attackers themselves sourcing so much bandwidth? more

Kazakhstan Using Malware Against Journalists, Political Activists, Lawyers

Journalists and political activists critical of Kazakhstan's authoritarian government, along with their family members, lawyers, and associates, have been targets of an online phishing and malware campaign believed to be carried out on behalf of the government of Kazakhstan, according to a new report by the Electronic Frontier Foundation (EFF). more

Cyber Security Forecast for 2009: Data and Mobility Key Part of Emerging Threats

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

A Look at the Security Collapse in the HTTPS Market

While in recent years, HTTPS has become integral part of protecting social, political, and economic activities online, widely reported security incidents -- such as DigiNotar's breach, Apple's #gotofail, and OpenSSL's Heartbleed -- have exposed systemic security vulnerabilities of HTTPS to a global audience. more

Characterizing the Friction and Incompatibility Between IoC and AI

Many organizations are struggling to overcome key conceptual differences between today's AI-powered threat detection systems and legacy signature detection systems. A key friction area -- in perception and delivery capability -- lies with the inertia of Indicator of Compromise (IoC) sharing; something that is increasingly incompatible with the machine learning approaches incorporated into the new breed of advanced detection products. more

U.S. Federal Government Response Too Slow to Friday’s Internet Attack, Warns Cybersecurity Official

"We often refer to the Cuyahoga River in Cleveland that caught on fire over 20 times before we actually did something to introduce the Clean Water Act," says Allan Friedman, the director of cybersecurity initiatives for the Department of Commerce's National Telecommunications and Information Administration (NTIA), in conference call on Monday. more