Cybercrime / News Briefs

UK Announces Additional £1.9 Billion in Cyber Security Funding

Chancellor George Osborne announces government plan to almost double its investment in cyber security initiatives over the next five years, spending an additional £1.9 billion. more»

Experts Propose Plan for More Secure Wi-Fi Devices

Over 260 global network and security experts have collectively responded to the newly proposed FCC rules laid out in ET Docket No. 15-170 for RF Devices such as Wi-Fi routers by proposing a new approach to improve the security of these devices. The letter warns FCC ruling will cause more harm than good and risk a significant overreach of the Commission's authority. more»

Senior U.S. and Chinese Officials Conclude Four-Day Meeting on Cyber Security

Senior U.S. and Chinese officials concluded a four day meeting on Saturday discussing cyber security issues ahead of Chinese President Xi Jinping's visit to Washington later this month. more»

Hacking Increasingly Becoming a Physical Concern

If this past quarter's stories are any indication, we could very well be seeing the rise of a new wave of threats that will affect people in a more pronounced and physical level, reports Trend Micro in its Q2 Security Roundup Report. more»

U.S. Preparing Sanctions Against Chinese Firms and Individuals over Cyberespionage

The Obama administration is developing a package of unprecedented economic sanctions against Chinese companies and individuals who have benefited from their government’s cybertheft of valuable U.S. trade secrets. The U.S. government has not yet decided whether to issue these sanctions, but a final call is expected soon, perhaps even within the next two weeks. 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»

Placing New Domain Names in Temporary "Penalty Box" Could Deter Malicious Use, Says Paul Vixie

Paul Vixie proposes a 'cooling-off period' when domain names are registered in order to help detect and deter malicious activity. "There's no legitimate reason for a new domain name to be registered and go live in less than a minute... more»

Record Number of Malware Variants Detected in Q4 of 2014, Retail/Service Most Targeted

During the 4th quarter of 2014, a record number of malware variants were detected -- an average of 255,000 new threats each day, according a recent report by Anti-Phishing Working Group (APWG). The group further reports that the number of unique phishing reports submitted to APWG during Q4 was 197,252 -- an increase of 18 percent from the 163,333 received in Q3 of 2014. more»

M3AAWG Releases Anti-Abuse Best Common Practices for Hosting and Cloud Service Providers

Jointly published by the Internet Infrastructure Coalition (i2C) and the Messaging, Malware and Mobile Anti-Abuse Working Group, the new document outlines proven activities that can help Web hosting services improve their operations and better protect end-users. more»

European Data Breaches Have Resulted in Loss of 645 Million Records Since 2004

A first-time study of publically-reported data breaches in the 28 European Union member countries, plus Norway and Switzerland, conducted by the Central European University's Center for Media, Data and Society (CMDS) has found that between 2004 and 2014 the continent's organizations suffered 229 incidents covering 227 million personal records.  more»

Former DHS Chief Teaming Up With Insurance Giant Lloyd's of London to Sell Cyber Insurance

Cyberattacks like the ones that hit JPMorgan Chase, Home Depot and Target only seem to be getting worse, and former Homeland Security Secretary Tom Ridge has one way for companies to protect themselves. more»

Paul Vixie on How the Openness of the Internet Is Poisoning Us

In a video interview conducted during the NSCS ONE conference, Paul Vixie CEO of Farsight Security further discusses the topic of his presentation titled: "Defective by Design -- How the Internet's Openness is Slowly Poisoning Us". more»

Secure Domain Foundation Launched to Help Internet Infrastructure Operators Fight Cybercrime

Experts and companies in the information security industry today announced the formation of the Secure Domain Foundation (SDF), a new, non-profit, community-driven organization devoted to the identification and prevention of Internet cyber crime utilizing the domain name system (DNS). more»

DDoS Awareness Day - Oct 23, Register Today for Live Virtual Event

In support of National Cyber Security Awareness Month, DDoS Awareness Day is a virtual, global event focused on raising awareness and education around the threat of DDoS attacks. Hosted by Neustar with and exclusive media partner CSO, DDoS Awareness Day brings together top experts in global security to share their views, technical tips and from-the-trenches experience. Attendees will also be given access to a wealth of DDoS materials: white papers, surveys, presentations, best practices and more. 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»