Cyber crime costs businesses each $3.8 million per year

Posted by admin | Posted in Cyber Crime, Cyber Security, News, Security, Security Central, The Industry Standard | Posted on 26-07-2010

A new study of 45 U.S. organizations found that cyber crime — including Web attacks, malicious code, and rogue insiders — costs each one of them $3.8 million per year, on average, and results in about one successful attack each week.

Black Hat talk on China’s ‘cyber army’ pulled after pressure

Posted by admin | Posted in Black Hat, Cyber Crime, Cyber Security, Government, Hacking, News, Security Central | Posted on 15-07-2010

A talk on China’s military cyber-attack capabilities has been pulled from the Black Hat security conference schedule following pressure from Taiwanese and Chinese agencies.

Data breaches cost more in the U.S.

Posted by admin | Posted in Cyber Crime, Data Security, News, Security Central | Posted on 28-04-2010

The average cost to an organization of a data breach in the United States is higher than in four other countries where data-breach costs were compared, specifically Australia, France, Germany, and the United Kingdom, according to a Ponemon Institute report published Wednesday.

Report: Google attack targeted ‘Gaia’ password system

Posted by admin | Posted in Cyber Crime, Google, Hacking, Identity Management, News, Security Central | Posted on 20-04-2010

The information stolen from Google in cyber attacks late last year included a password system that gives users access to multiple services after just one login, according to a news report.

Targeted cyber attacks test enterprise security controls

Posted by admin | Posted in Anti Virus, Cyber Crime, Cyber Security, Hacking, Malware, News, Phishing/pharming, Security Central | Posted on 08-04-2010

Targeted cyber attacks of the sort that hit Google and more than 30 other tech firms earlier this year are testing enterprise security models in new ways and pose a more immediate threat to sensitive data than a full-fledged cyber war.

Cyber attacks are ‘existential threat’ to U.S., FBI says

Posted by admin | Posted in Cyber Crime, Cyber Security, Government, Hacking, Intrusion detection and prevention, Malware, News, Security Central, The Industry Standard | Posted on 24-03-2010

WASHINGTON — A top FBI official warned today that many cyber-adversaries of the U.S. have the ability to access virtually any computer system, posing a risk that’s so great it could “challenge our country’s very existence.”

Proposed U.S. law would single out cyber crime hot spots

Posted by admin | Posted in Cyber Crime, Legislation, News, Security, Security Central, The Industry Standard | Posted on 23-03-2010

A bill introduced in the U.S. Senate Tuesday would compel the White House to identify international cyber crime havens and establish plans for cleaning them up.

The International Cybercrime Reporting and Cooperation Act takes on a growing problem for banks and U.S. businesses: the ability for cyber criminals to operate with impunity across international borders. The bill is co-sponsored by Senators Kirsten Gillibrand, a Democrat from New York, and Orrin Hatch, a Republican from Utah.

Symantec names riskiest U.S. cities for cyber crime

Posted by admin | Posted in Cyber Crime, News, Security, Security Central, The Industry Standard | Posted on 23-03-2010

Seattle is the most dangerous city in the U.S. when it comes to cyber crime, Symantec said today.

The Northwest sported two of the top 10, with Portland, Ore., ranked No. 10 in the list of the nation’s 50 largest metro areas. Rounding out the first five were Boston, Washington D.C., San Francisco, and Raleigh, N.C. Atlanta, Minneapolis, Denver, and Austin, Texas, completed the top 10.

The next cyber war will be for your wallet

Posted by Robert X. Cringely | Posted in Adventures in IT, Cyber Crime, Cyber Security, Government use of IT, Intrusion detection and prevention, News, Privacy, Security Central | Posted on 05-03-2010

Is the United States in the middle of a cyber war? You’d think the answer to that question would be obvious. But apparently it depends on whom you ask.

Case in point: At this week’s RSA security conference, Scott Borg, director and chief economist from the U.S. Cyber Consequence Unit think tank, declared that we are already deep into a cyber war.

Cloud security, cyber war loom over RSA Conference

Posted by admin | Posted in Cyber Crime, Cyber Security, Data Security, Infrastructure Services, News, Security, Security Central, cloud computing | Posted on 05-03-2010

Cloud security loomed over the RSA Conference this week as a major concern of business, but worry about the threat of cyber war was also strong, with officials from the White House and FBI weighing in to encourage private participation in government efforts to defend information and communications networks.

Enterprise social networking underscores growing generation gap

Posted by admin | Posted in Cyber Crime, Cyber Security, Hacking, News, Security Central, social networking | Posted on 04-03-2010

SAN FRANCISCO — Businesses are still trying to figure out what to make of social networking. The knee-jerk impulse at some companies is to ban its use because it’s insecure and seen as unproductive, while at others it’s viewed as, in fact, the way a lot of people now get work done.

Source code management targeted in Aurora attacks

Posted by admin | Posted in Code change management, Cyber Crime, Hacking, Malware, News, Security Central | Posted on 04-03-2010

Companies should take extra steps to secure their source code from the type of targeted attacks that hit Google, Adobe, Intel and others over the past few months.

More than 100 companies targeted by Google hackers

Posted by admin | Posted in Cyber Crime, Hacking, News, Security Central | Posted on 01-03-2010

The hackers who broke into Google two months ago have gone after more than 100 companies, according to an estimate by security vendor Isec Partners.

Researchers have been closing in on the unidentified criminals responsible for the attack over the past month. In the process, they have uncovered another 68 so-called command-and-control servers, used to control the hacked machines.

Symantec: Most organizations now suffer cyber attacks

Posted by admin | Posted in Cyber Crime, Cyber Security, Hacking, Malware, News, Security Central | Posted on 22-02-2010

Most firms have experienced some kind of cyber attack in the last year, according to research released Monday by Symantec. The 2010 State of Enterprise Security study reveals that 75 percent of organizations experienced cyber attacks and 42 percent of organizations rate security as their top issue, more than natural disasters, terrorism, and traditional crime combined.

China working to toughen up hacking laws

Posted by admin | Posted in Cyber Crime, Hacking, Legislation, News, Regulation, Security Central | Posted on 02-02-2010

Chinese police and judicial officials are formulating new measures that govern how hacking crimes are handled by courts, the country’s latest step to strengthen its cyber laws, state media reported.

Military contractors now targeted by Chinese cyber attacks, says F-Secure

Posted by admin | Posted in Cyber Crime, Hacking, News, Security Central | Posted on 20-01-2010

The targeted cyber attacks apparently originating in China that hit Google and more than 30 other companies late last year are now targeting some U.S. defense contractors, according to security vendor F-Secure.

China’s Baidu sues U.S. domain registrar after hack

Posted by admin | Posted in Cyber Crime, Cyber Security, Hacking, News, Security Central, search | Posted on 20-01-2010

Top Chinese search engine Baidu.com has sued its U.S. domain registrar over a hack that took down the Web site, alleging negligence by the U.S. company, Baidu said Wednesday.

Malicious code links China to Google hack

Posted by admin | Posted in Cyber Crime, Cyber Security, Google, Hacking, Malware, News, Security Central | Posted on 20-01-2010

The malicious software used to steal information from companies such as Google contains code that links it to China, a security researcher said Tuesday

China: We are biggest victim of cyber attacks

Posted by admin | Posted in Cyber Crime, Cyber Security, Hacking, News, Regulation, Security Central, search | Posted on 19-01-2010

China on Tuesday denied any role in alleged cyber attacks on Indian government offices, calling China itself the biggest victim of hackers.

Juniper, Symantec investigating widespread cyber espionage

Posted by admin | Posted in Cyber Crime, Cyber Security, Google, Hacking, Intrusion detection and prevention, News, Security Central | Posted on 15-01-2010

Juniper Networks and Symantec said Thursday that they were investigating a widespread cyber-espionage incident that has hit dozens of technology companies, including Google and Adobe.