Cybercrime

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Testing, Testing, Testing for a More Secure (Internet) World

Reading up on COVID-19 and Zoom/Boris Johnson outcry yesterday, an analogy struck me between the two: the lack of testing. In both cases, to truly know how safe and secure we are, testing needs to be stepped up considerably. This post focuses on cybersecurity. Over the past days and weeks, more and more organisations have switched to digital products and services to sustain working from home, to keep productivity up and to be connected. more

Healthcare Industry Was the Most Common Victim of Third-Party Breaches in 2022

Health care industry was the most common victim of cyberattacks in 2022, according to a report by cyber intelligence firm, Black Kite. The study found a total of 34.9% of cyberattacks occurred in health care, up 1% from the year before, making it the most attacked sector for the second year in a row. 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

Botnet Takedowns Having Limited Impact on Overall Spam Volumes, Says Google

Google, which through its Postini email security and archiving service processes over 3 billion email connections a day, reports that despite recent series of major botnet takedowns, spam levels during the first quarter of 2010 have held fairly steady. "This suggests that there's no shortage of botnets out there for spammers to use. If one botnet goes offline, spammers simply buy, rent, or deploy another, making it difficult for the anti-spam community to make significant inroads in the fight against spam with individual botnet takedowns." 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

North Korea’s Spy Agency Behind WannaCry

According to a report from The Washington Post, the NSA has linked the North Korean government to the creation of the WannaCry ransomeware that resulted in affecting over 300,000 people in almost 150 countries last month. more

New In-depth Analysis Finds Thousands of Domains Used in Technical Support Scams

A study conducted by PhD candidates at the Stony Brook University resulted in identifying malvertising as a major culprit for exposing users to technical support scams which allowed them to build an automated system capable of discovering, on a weekly basis, hundreds of phone numbers and domains operated by scammers. 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

New Cybersecurity Regulations in New York Go Into Effect

Major financial firms operating in New York will face stiff cybersecurity obligations starting Wednesday under a new regulation introduced in the city. more

Japan Developing Distinctive Anti-Cyberattack Virus

The Japanese Defense Ministry is creating a computer virus capable of tracking, identifying and disabling sources of cyberattacks, according to reports. The development of the virtual cyberweapon was launched in 2008. Since then, the weapon has been tested in a closed network environment. "The most distinctive feature of the new virus is its ability to trace cyber-attack sources. It can identify not only the immediate source of attack, but also all "springboard" computers used to transmit the virus." more

IRS Reports Hackers Accessed Data of Up to 100,000 People via Financial Aid Site for Students

U.S. Internal Revenue Service Commissioner (IRS) testified before the Senate Finance Committee stating the agency has discovered fraudsters could use someone's personal data to fill out a financial aid application, and the "Data Retrieval Tool" would populate the application with tax information. more

How a Resilient Society Defends Cyberspace

Seventy-five years ago today, on May 29th, 1934, Egyptian private radio stations fell silent, as the government shut them down in favor of a state monopoly on broadcast communication. Egyptian radio "hackers" (as we would style them today) had, over the course of about fifteen years, developed a burgeoning network of unofficial radio stations... It couldn't last. After two days of official radio silence, on May 31st, official state-sponsored radio stations (run by the Marconi company under special contract) began transmitting a clean slate of government-sanctioned programming, and the brief era of grass-roots Egyptian radio was over... more

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

Close to a Quarter of ZeroAccess Botnet Disabled, Reports Symantec

Symantec has disabled part of one of the world's largest networks of infected computers, according to reports today. About 500,000 hijacked computers have been taken out of the 1.9 million strong ZeroAccess botnet. The zombie computers were used for advertising and online currency fraud and to infect other machines. Security experts warned that any benefits from the takedown might be short-lived. more

U.N. Cybercrime Convention Enters Critical Stage

Negotiations for a U.N. cybercrime convention have reached a critical stage at the fourth round of discussions in Vienna. Delegates from over 150 states have met for over 100 hours to discuss the proposed convention, which has been met with skepticism from some states, nongovernmental organizations, and other stakeholders more