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Estimating the Cost of Internet Insecurity

Posted on January 29, 2018 By infossl
academicpapers, costbenefitanalysis, cybercrime, economicsofsecurity, Security technology, symantec

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” »

Cybercriminals Infiltrating E-Mail Networks to Divert Large Customer Payments

Posted on November 7, 2017 By infossl
cybercrime, email, fraud, maninthemiddleattacks, Security technology

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” »

WannaCry Ransomware

Posted on May 19, 2017 By infossl
antivirus, backups, cybercrime, hacking, internetofthings, ransomware, Security technology

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” »

Analyzing Cyber Insurance Policies

Posted on April 26, 2017 By infossl
academicpapers, cybercrime, denialofservice, hacking, insurance, Security technology

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” »

Hackers Threaten to Erase Apple Customer Data

Posted on March 23, 2017 By infossl
apple, backups, cloudcomputing, crime, cybercrime, extortion, hacking, Security technology

Turkish hackers are threatening to erase millions of iCloud user accounts unless Apple pays a ransom. This is a weird story, and I’m skeptical of some of the details. Presumably Apple has decided that it’s smarter to spend the money on secure backups and other security measures than to pay the ransom. But we’ll see … Read More “Hackers Threaten to Erase Apple Customer Data” »

Duqu Malware Techniques Used by Cybercriminals

Posted on February 16, 2017 By infossl
cybercrime, kaspersky, malware, nsa, Security technology, stuxnet, zeroday

Duqu 2.0 is a really impressive piece of malware, related to Stuxnet and probably written by the NSA. One of its security features is that it stays resident in its host’s memory without ever writing persistent files to the system’s drives. Now, this same technique is being used by criminals: Now, fileless malware is going … Read More “Duqu Malware Techniques Used by Cybercriminals” »

San Francisco Transit System Target of Ransomware

Posted on November 29, 2016 By infossl
cyberattack, cybercrime, hacking, internet, publictransit, ransomware, Security technology

It’s really bad. The ticket machines were hacked. Over the next couple of years, I believe we are going to see the downside of our headlong rush to put everything on the Internet. Slashdot thread. Powered by WPeMatico

Malicious AI

Posted on October 26, 2016 By infossl
academicpapers, artificialintelligence, courts, crime, cybercrime, Security technology, socialengineering

It’s not hard to imagine the criminal possibilities of automation, autonomy, and artificial intelligence. But the imaginings are becoming mainstream — and the future isn’t too far off. Along similar lines, computers are able to predict court verdicts. My guess is that the real use here isn’t to predict actual court verdicts, but for well-paid … Read More “Malicious AI” »

The Culture of Cybersecurity

Posted on October 3, 2016 By infossl
academicpapers, cybercrime, cybersecurity, norway, Security technology

Interesting survey of the cybersecurity culture in Norway. 96% of all Norwegian are online, more than 90% embrace new technology, and 6 of 10 feel capable of judging what is safe to do online. Still cyber-crime costs Norway approximately 19 billion NKR annually. At the same time 73.9% argue that the Internet will not be … Read More “The Culture of Cybersecurity” »

DDOS for Profit

Posted on September 9, 2016 By infossl
cybercrime, denialofservice, hacking, internet, Security technology

Brian Krebs reports that the Israeli DDOS service vDOS has earned $600K in the past two years. The information was obtained from a hack and data dump of the company’s information. Powered by WPeMatico

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