Just as Bitcoin warns its users that Android-based bitcoin wallets are vulnerable to theft, so the New York Department of Financial Services subpoenas 22 digital currency companies and investors, and investigates the regulatory guidelines that should b…
Two Men Arrested in London Over DDoS Extortion Threats
Following what the Greater Manchester police described as their largest ever cybercrime investigation, two polish men were arrested at a Heathrow hotel on suspicion of blackmailing a Manchester-based internet company with threats of a DDoS attack.
RAT Drains California Escrow Firm Out of Business
In a testament to the very real business threat that cybercrime represents, a remote access trojan (RAT) has drained a California escrow firm of $1.5 million, forcing it to shut its doors and lay off its nine employees – at the state’s behest.
World’s Largest Telcos Face Legal Action from Privacy International over Tempora
Privacy International has sent a pre-action letter (a formal pre-cursor to legal action) to BT, Verizon Business, Vodafone Cable, Level 3, Global Crossing (now owned by Level 3), Viatel and Interoute. At issue is the telcos’ involvement in GCHQ’s spy p…
Mobile Malware Spikes 30% in First Half of 2013
Mobile malware continues to escalate in volume, with security vendor Fortinet seeing a 30% increase in malicious samples in just the last six months. The firm is seeing more than 1,300 new samples per day, mostly, unsurprisingly, Android-focused. The t…
Gartner Says Risk-Based Approach will Solve the Compliance vs Security Issue
Later this month in Sydney and in London in September, Gartner will hold summits on compliance and security. Compliance, it suggests, should be subsumed into risk management, rather than security being subsumed into compliance.
Hand of Thief Banking Trojan Takes Aim at ‘Secure’ Linux OS
Hard on the heels of the discovery of the Russia-originated KINS banking trojan, a different Cyrillic cybercrime team has developed a financial trojan targeting the Linux operating system.
Fort Disco – a Botnet that Delivers Brute Force Logon Attacks
The last year has seen an evolution of botnets from home computers to commercial servers; a practice that seems to be gathering pace. However, methods of compromising web servers are different to the traditional PC compromise.
Latvia to Extradite Suspected Gozi Mastermind to Face Charges in the US
Since the beginning of 2013, the US authorities have sought the extradition of Deniss Calovskis, a Latvian citizen, who was charged in January with being one of the three ringleaders behind the Gozi virus.
CIA’s John Mullen Declares People Biggest Threat and Risk Management Best Defense
People present the greatest cyber vulnerability and educating them is key to protecting your valuable information, John K. Mullen, senior operations officer at the CIA told the audience at 2013 SINET Innovation Summit in New York, August 6th 2013.