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During the last Computer Law Conference organized by ADIAR (Argentina Computer Law Association) and the Universidad Nacional de Sur, I gave a conference on the Internet of Things, cybercrime and dangerous situation presented by the lack of proper regulation -- a topic in which I have one of my research projects. At the moment some people argued that I was talking about something that might happen in a relatively distant future, dissenting with my view that the possibility was imminent.. more
In a speech today from the White House, President Obama declared that the United States' computers and digital networks are strategic national assets and that he will personally appoint a cybersecurity coordinator to oversee the effort to protect this critical infrastructure. more
Kevin Murphy reporting in DomainIncite: "Interpol plans to apply to join ICANN's Governmental Advisory Committee as an observer, according to ICANN. The news came in a press release this evening, detailing a meeting between ICANN president Rod Beckstrom and Interpol secretary general Ronald Noble. The meeting 'focused on Internet security governance and enhancing common means for preventing and addressing Internet crime'." more
Amidst hype and anticipation of the Conficker worm which is expected to become active in millions of Windows system within the next few hours, IBM Internet Security Systems team reports they have been able to locate infected systems across the world by reverse-engineering the communications mechanisms. Holly Stewart, X-Force Product Manager at IBM Internet Security Systems, writes: "... the details are still unfolding, but we can tell you from a high level where most infections are as of today. Asia tops the charts so far. By this morning, it represented nearly 45% of all of the infections from our view. Europe was second at 31%. The rest of the geographies held a much smaller percentage overall." more
The U.S. government has released an updated version of the Digital Millennium Copyright Act (DMCA), adding a list of new exemptions that will protect cybersecurity professionals from prosecution over reverse-engineering of products for research purposes. more
"EU-U.S. commercial data transfer pact clears final hurdle," Julia Fioretti today reported in Reuters: "A commercial data transfer pact provisionally agreed by the EU executive and the United States in February received the green light from EU governments on Friday." more
Nobody loves a good crisis more than a hacker and, by anyone's definition, coronavirus is a big, fat stinking crisis that almost everyone on earth is sitting in the middle of. For most of us, a crisis brings out the best. First responders and the healthcare systems are replete with stories of superhuman sacrifice and commitment to others. Unfortunately, it is this commitment to the work at hand that puts cybersecurity on the back burner and increases the chance of a breach, break-in, or general mischief. more
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
A power blackout in Ukraine's capital Kiev last month was caused by a cyber attack, according to Ukraine's National power company, Ukrenergo which hired investigators to help it determining the cause. more
In a recent blog post, Dan Jaffe, Association of National Advertisers' Executive VP of Government Relations, shares some concerns about ICANN's "overly rapid Top Level Domain rollout". more
Continued exploitation of the financial crisis to scam users with fake financial transactions services, fake investment firms, and fake legal services is the top trend to emerge for 2009 according threat predictions by McAfee. "Computer users face a dangerous one-two punch today," said Jeff Green, senior vice president of McAfee Avert Labs, McAfee's research group. "The current economic crisis is delivering a blow to our financial well-being, while malware authors are taking advantage of our distraction to deliver a roundhouse strike." more
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
An apparently legitimate ISP in Tartu, Estonian is reported to have been serving as the operational headquarters of a large cybercrime network since 2005 according to TrendWatch, the security research arm of TrendMicro. "An Estonian company is actively administering a huge number of servers in numerous datacenters, which together form a network to commit cybercrime. It appears that the company from Tartu, Estonia controls everything from trying to lure Internet users to installing DNS changer Trojans by promising them special video content, and finally to exploiting victims' machines for fraud with the help of ads and fake virus infection warnings..." more
"Three years after hackers used a spearphishing attack to successfully gain access to internal data at the Internet Corporation for Assigned Names and Numbers (ICANN), the data is still being passed around and sold on black markets for $300, complete with claims that it’s never been leaked before," reports Patrick O'Neill in CyberScoop. more
Brian Krebs reporting on the Krebs on Security blog: "The FBI's top anti-cyber crime official today said the agency is planning a law enforcement action against so-called 'money mules,' individuals willingly or unwittingly roped into helping organized computer crooks launder money stolen through online banking fraud." more
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