I don’t have a lot of good news for you. The truth is there’s nothing we can do to protect our data from being stolen by cybercriminals and others. Ten years ago, I could have given you all sorts of advice about using encryption, not sending information over email, securing your web connections, and a … Read More “Protecting Yourself from Identity Theft” »
Category: cybercrime
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Kaspersky is reporting on a series of bank hacks — called DarkVishnya — perpetrated through malicious hardware being surreptitiously installed into the target network: In 2017-2018, Kaspersky Lab specialists were invited to research a series of cybertheft incidents. Each attack had a common springboard: an unknown device directly connected to the company’s local network. In … Read More “Banks Attacked through Malicious Hardware Connected to the Local Network” »
Interesting policy paper by Third Way: “To Catch a Hacker: Toward a comprehensive strategy to identify, pursue, and punish malicious cyber actors“: In this paper, we argue that the United States currently lacks a comprehensive overarching strategic approach to identify, stop and punish cyberattackers. We show that: There is a burgeoning cybercrime wave: A rising … Read More “How to Punish Cybercriminals” »
Ross Anderson liveblogged the Third Annual Cybercrime Conference Powered by WPeMatico
This is weird: Police in Detroit are looking for two suspects who allegedly managed to hack a gas pump and steal over 600 gallons of gasoline, valued at about $1,800. The theft took place in the middle of the day and went on for about 90 minutes, with the gas station attendant unable to thwart … Read More “Gas Pump Hack” »
Jack Goldsmith and Stuart Russell just published an interesting paper, making the case that free and democratic nations are at a structural disadvantage in nation-on-nation cyberattack and defense. From a blog post: It seeks to explain why the United States is struggling to deal with the “soft” cyber operations that have been so prevalent in … Read More “Free Societies are at a Disadvantage in National Cybersecurity” »
It’s really hard to estimate the cost of an insecure Internet. Studies are all over the map. A methodical study by RAND is the best work I’ve seen at trying to put a number on this. The results are, well, all over the map: “Estimating the Global Cost of Cyber Risk: Methodology and Examples“: Abstract: … Read More “Estimating the Cost of Internet Insecurity” »
There’s a new criminal tactic involving hacking an e-mail account of a company that handles high-value transactions and diverting payments. Here it is in real estate: The scam generally works like this: Hackers find an opening into a title company’s or realty agent’s email account, track upcoming home purchases scheduled for settlements — the pricier … Read More “Cybercriminals Infiltrating E-Mail Networks to Divert Large Customer Payments” »
Criminals go where the money is, and cybercriminals are no exception. And right now, the money is in ransomware. It’s a simple scam. Encrypt the victim’s hard drive, then extract a fee to decrypt it. The scammers can’t charge too much, because they want the victim to pay rather than give up on the data. … Read More “WannaCry Ransomware” »
There’s a really interesting new paper analyzing over 100 different cyber insurance policies. From the abstract: In this research paper, we seek to answer fundamental questions concerning the current state of the cyber insurance market. Specifically, by collecting over 100 full insurance policies, we examine the composition and variation across three primary components: The coverage … Read More “Analyzing Cyber Insurance Policies” »