Threat Intelligence

Data Breach Costs Continue to Rise, 40% Increase Since 2005

According to a new study by PGP Corporation and Ponemon Institute, data breach incidents cost U.S. companies $202 per compromised customer record in 2008, compared to $197 in 2007. The study is based on 43 organizations across 17 different industry sectors with a range of 4,200 to 113,000 records that were affected. It is also noted that since 2005, the cost component has grown by more than $64 on a per victim basis since -- nearly a 40% increase. more

Would You Fly an Airplane That Had a Pre-flight Checkout That Was Only 40 Percent Complete?

In the aviation world safety is paramount. Commercial airlines go to major lengths to make sure that their planes are fully up to code and can fly safely in the air. The risks - loss of human lives - are far too extreme to take any chances. One result of this diligence is the fact that travel by plane is far safer than any other method - nearly 40 times safer per mile than travel by car. While application security risks are not as dire, research shows CSOs fail to use the same stringent level of safety to secure their Internet-facing applications. more

Nuclear Command and Control Structures Vulnerable to Cyber Terrorism

A research paper commissioned by the International Commission on Nuclear Non-proliferation and Disarmament (ICNND) suggests that nuclear command and control systems are vulnerable to cyber terrorism. "Despite claims that nuclear launch orders can only come from the highest authorities, numerous examples point towards an ability to sidestep the chain of command and insert orders at lower levels," says the report. more

Major Organizations Overlooking High Priority Security Risks, Too Much Focus on OS

According to a new security report released today by SANS Institute, TippingPoint and Qualys, the number of vulnerabilities found in applications in the last few years is far greater than the number of vulnerabilities discovered in operating systems. "On average, major organizations take at least twice as long to patch client-side vulnerabilities as they take to patch operating system vulnerabilities. In other words the highest priority risk is getting less attention than the lower priority risk." more

China Taking Steps to Show it is Responsive to Foreign Concerns on Cybersecurity

"China Sets New Tone in Drafting Cybersecurity Rules," By Eva Dou in Beijing and Rachael King in San Francisco reporting in the Wall Street Journal. more

Intel to buy McAfee for $7.68 Billion, Biggest Acquisition in 42-Year History

Intel plans to buy security company McAfee for $7.68 billion -- the biggest acquisition in its 42-year history. The chipmaker said Thursday it has entered into a definitive agreement to buy all of McAfee's common stock at $48 per share in cash. McAfee's stock closed Wednesday at $29.93, making Intel's offer a 60 percent premium. The boards of both companies have approved the deal. more

ICANN Hires Cryptography Legend Whit Diffie

Pioneering cryptographer Whitfield 'Whit' Diffie has joined the Internet Corporation for Assigned Names and Numbers (ICANN) as Vice President for Information Security and Cryptography. Diffie will provide advice on general security matters related to ICANN's mandate, and to ICANN in the design, development and implementation of security methods for ICANN-managed networks. He will oversee the continuous improvement and 'best practices' process for information security and cryptography. more

NIST Issues Smart Grid Cybersecurity Guidelines

The National Institute of Standards and Technology (NIST) issued today its first Guidelines for Smart Grid Cyber Security, which includes high-level security requirements, a framework for assessing risks, an evaluation of privacy issues at personal residences, and additional information for businesses and organizations to use as they craft strategies to protect the modernizing power grid from attacks, malicious code, cascading errors, and other threats. more

Bruce Schneier: The Threat of Cyberwar Grossly Exaggerated

Security expert Bruce Schneier in a blog post today writes: "It's about who is in charge of cyber security, and how much control the government will exert over civilian networks. And by beating the drums of war, the military is coming out on top. ... General Keith Alexander, the current commander of the U.S. Cyber Command, hypes it every chance he gets. This isn't just rhetoric of a few over-eager government officials and headline writers; the entire national debate on cyberwar is plagued with exaggerations and hyperbole." more

Canadian Energy Firms at Bigger Risk of Cyberattack

The Canadian Security Intelligence Service (CSIS) is reported to have warned companies about an increasing risk of cyber espionage and attacks on pipelines, oil storage and shipment facilities. more

Nitro Attacks Target the Chemical Industry

New security report has revealed at least 48 companies involved in research, development, manufacturing of chemicals and advanced materials have been victims of a coordinated cyberattack traced to a source in China. The purpose of the attacks, code named Nitro, appear to be industrial espionage, collecting intellectual property for competitive advantage, according to Symantec. more

eco and AV-Test Publish Monthly topDNS Reports for Internet Service Providers

eco's topDNS initiative and AV-Test are publishing monthly reports to help ISPs detect and mitigate DNS abuse by analysing malware, phishing, and PUA trends, creating a long-term data foundation for industry-wide transparency. more

New Research Reveals 56% Rise in Cost of Cybercrime

New research indicates cyberattacks increasingly plague businesses and government organizations, resulting in significant financial impact, despite widespread awareness. Conducted by the Ponemon Institute, the Second Annual Cost of Cyber Crime Study revealed that the median annualized cost of cybercrime incurred by a benchmark sample of organizations was $5.9 million per year, with a range of $1.5 million to $36.5 million each year per organization. This represents an increase of 56 percent from the median cost reported in the inaugural study published in July 2010. more

Malware Detection Declining, Anti-Phishing Filters Detect Less than 50% of Attacks, Says Report

A study comparing best-of-breed computer security vendors suggests more than half of active malware and phishing threats on the Internet go undetected, with an average detection rate of 37% for malware and 42% for phishing. "Given the dynamic nature of today's online threats and the traditionally reactive approach taken by today's malware and phishing detection technology, conventional signature-based solutions are inherently at a disadvantage to keep up," said Panos Anastassiadis, CEO and Chairman of Cyveillance. "Because the majority of damage occurs during the first 24 hours of an attack, early detection of attacks is crucial." more

C-SPAN Interview: Internet and Cybersecurity

C-SPAN interviews professor Gene Spafford from Purdue University on the topic of cybersecurity and how the current Internet is a conduit for all types of "cybercrime". He also talks about the much discussed article "A New Internet?" by John Markoff in the February 14, 2009, New York Times in which he was quoted. The piece argued for a new type of Internet that is more secure with the trade-off of users giving up more of their anonymity. Professor Spafford talks about alternative solutions and he responded to questions via telephone calls and email. more