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.

The quiet threat: Cyber spies are already in your systems

Posted by Galen Gruman | Posted in Cyber Security, Data Security, Intrusion detection and prevention, Leak prevention, News, Phishing/pharming, Risk Management, Security Central, Security event/information management | Posted on 26-07-2010

Is your company’s data under surveillance by foreign spybots looking for any competitive advantages or weaknesses they can exploit? This might sound farfetched, but such electronic espionage is real. It’s an insidious security threat that’s a lot more common than you probably realize.

As an IT or security executive, determining whether your organization is under attack via this seemingly undetectable threat — and putting in place adequate technology and procedural safeguards — should be a high priority. The stakes are too high to ignore the problem.

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.

GAO slams White House for failing to lead on cyber security

Posted by admin | Posted in Cyber Security, Government use of IT, Hacking, News, Security Central | Posted on 08-07-2010

The White House Office of Science and Technology Policy has so far failed to live up to its responsibility to coordinate a national cyber security R&D agenda, the Government Accountability Office (GAO) said in a report released this week.

As a result, the U.S risks falling behind other countries on cyber security matters, and being unable to adequately protect its interests in cyberspace, the 36-page report (PDF document) warned.

Say no to a government ‘kill switch’ for the Internet

Posted by Bill Snyder | Posted in Cyber Security, Legislation, News, Security Central, The Industry Standard, internet | Posted on 24-06-2010

I spend exactly zero time worrying that black helicopters will swoop down and impose a new world order. I don’t believe that the CIA killed JFK, and I don’t think the Air Force is hiding a UFO in the desert — which is to say, I generally don’t take conspiracy theories seriously.

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.”

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.

Security expert: U.S. would lose cyber war

Posted by admin | Posted in Cyber Security, Legislation, News, Regulation, Security, Security Central, internet | Posted on 23-02-2010

The U.S. government, if confronted in a cyber war today, would not come out on top, a former U.S. director of national intelligence said Tuesday. “If the nation went to war today, in a cyber war, we would lose,” Mike McConnell told a U.S. Senate committee. “We’re the most vulnerable. We’re the most connected. We have the most to lose.”

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.

Google working with National Security Agency, report says

Posted by admin | Posted in Cyber Security, Google, Intrusion detection and prevention, News, Security Central | Posted on 04-02-2010

In a partnership that may inspire some to put their tinfoil hats on, Google has reportedly turned to the National Security Agency for help in improving the company’s security infrastructure.

House bill to bolster cyber security up for vote

Posted by admin | Posted in Cyber Security, Government use of IT, Legislation, News, Security Central | Posted on 03-02-2010

The U.S. House of Representatives is scheduled to vote Wednesday on a proposed bill that is designed to bolster federal cyber security research and development activities, and stimulate the growth of a cyber security workforce in the country.

Microsoft to issue emergency IE patch Thursday

Posted by admin | Posted in Cyber Security, Hacking, Internet Explorer (IE), Microsoft, News, Patch management, Security Central, Windows | Posted on 21-01-2010

Microsoft will release its emergency patch for Internet Explorer (IE) on Thursday, the company said today as it also admitted that attacks can be hidden inside rigged Office documents.

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.

Alleged China attacks could shape U.S. cybersecurity policy

Posted by ccraig | Posted in Cyber Crime, Cyber Security, Google, Hacking, Legislation, News, Security Central | Posted on 14-01-2010

The attacks on Google and more than 30 other Silicon Valley companies by agents allegedly working for China is focusing renewed attention on the issue of state-sponsored cyber attacks and how the U.S. government should respond to them.