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Cyber experts dispute McAfee's Shady RAT report
Earlier this month, cybersecurity experts discovered a five-year operation that infiltrated U.S. government and UN computer networks; China is believed to be the culprit behind the systematic attacks, dubbed “Operation Shady RAT,” which also hit major defense contractors and private businesses; many within the cybersecurity community are disputing the significance of the finding
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Japanese pharmaceutical crippled by insider cyberattack
Last week a disgruntled former contract employee pleaded guilty for severely disrupting the networks of Shionogi, a Japanese pharmaceutical firm; the attacks were so severe that they crippled Shionogi’s operations for “a number of days, leaving employees unable to ship products, to cut checks or even communicate via email,” according to court documents
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Hong Kong arrests stock exchange hacker
Last Friday authorities in Hong Kong announced that they had arrested a man for hacking into the city’s stock exchange and disrupting the trades of seven companies; two weeks ago the Hong Kong stock exchange’s website was hit with a malicious attack that caused several firms including global banking giant HSBC and the international airline Cathay Pacific to suspend trading for half a day
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Anonymous retaliates against BART
The hacking collective Anonymous released personal data on Sunday belonging to more than 2,000 public transport customers in the San Francisco area in retaliation for the Bay Area Rapid Transit (BART) system’s shutdown of mobile phone service on Thursday night
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ManTech wades into private cybersecurity market
In an increasing trend, more traditional defense contractors are seeking to expand their businesses by entering the burgeoning field of cybersecurity for commercial companies; after disposing of its private sector cybersecurity business in 2002, ManTech International is seeking to enter the market once more
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Attackers have advantage in cyberspace, says cybersecurity expert
Homeland Security NewsWire’s executive editor Eugene Chow recently caught up with Bruce Schneier, a cybersecurity expert and the author of several bestselling books, including “Applied Cryptography,” “Secrets and Lies,” and “Beyond Fear”; in the interview Schneier discusses the recent politically motivated cyberattacks by Anonymous and AntiSec, securing U.S. networks against counterfeit computer chips, and President Obama’s proposed cybersecurity plan
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Anonymous hacker collective hits rural law enforcement
In its latest exploit, global hacker collective Anonymous claimed to release ten GB of stolen data from more than seventy rural sheriff’s departments across the United States, leaking sensitive information that could compromise the agencies’ investigations
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Cost of cyberattacks on the rise
A new study shows that cybercrime is costing corporations 56 percent more than last year; the study conducted by the Ponemon Institute and sponsored by ArcSight, an HP company, found that the median cost of cybercrimes for the fifty companies surveyed was $5.9 million; the increase in costs were largely due to hackers using stealthier techniques
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Microsoft offers $250,000 in cybersecurity competition
Last Wednesday at the annual Black Hat and Defcon convention for hackers, Microsoft announced a competition for cyber security specialists in which it would award $200,000 to the individual who develops the most innovative computer protection technology
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DHS officials: Stuxnet can morph into new threat
Government cybersecurity experts warn that the Stuxnet virus, which damaged Iran’s nuclear centrifuges, could morph into something even more destructive; DHS officials worry that hackers could design more complex versions of the virus that can evade detection and bypass existing software fixes
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New drone listens in on cell phone calls and hacks Wi-Fi networks
At this week’s annual Defcon security conference for hackers, two hobbyists will showcase their sophisticated unmanned Wi-Fi detecting, cell-phone eavesdropping spy drone; the drone was assembled using an old Army target drone that had been converted to run on electric batteries and is now equipped with an HD camera, eleven antennas, and a cigarette pack sized computer that is loaded with hacking tools
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Detecting fake Web sites
A team of researchers develop a new — and more reliable — way to detect fake Web sites; the team developed five categories with thousands of cues, finding that the best results were attained when utilizing thousands of highly visible and also deeply embedded cues, such as placement, URL length, the number of links, characters types on the site and how thorough the site’s “frequently asked questions” section is detailed, among other features
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DHS warns utilities at risk from insider threats
Last week DHS warned critical infrastructure operators like chemical facilities, nuclear power plants, and electric utility companies that terrorists could be targeting major facilities from the inside; officials cautioned that “violent extremists have, in fact, obtained insider positions,” and that “outsiders have attempted to solicit utility-sector employees” for damaging physical and cyber attacks.
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After FBI arrests LulzSec announces more cyber mayhem
In response to the FBI’s arrest of several hackers, the recently disbanded hacking group known as LulzSec has vowed to return and the group says it will renew its attacks on corporations and government agencies; the announcement comes after U.S. authorities arrested sixteen people last week in relation to the groups’ previous attacks which included bringing down PayPal’s website after it suspended its service to WikiLeaks
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Recent deluge of cyber attacks results in record spending
The deluge of high profile cyber attacks on major corporations and government entities like the U.S. Senate, the CIA, and Sony has driven a sharp increase in demand for cyber security experts; in the first six months of this year alone, cyber attacks and data breaches have cost U.S. companies approximately $96 billion, nearly the total for 2010; analysts project 2011 to be the busiest year yet with an estimated $75.6 billion in cyber security spending, surpassing last year’s record $63 billion
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More headlines
The long view
Ransomware Attacks: Death Threats, Endangered Patients and Millions of Dollars in Damages
A ransomware attack on Change Healthcare, a company that processes 15 billion health care transactions annually and deals with 1 in 3 patient records in the United States, is continuing to cause massive disruptions nearly three weeks later. The incident, which started on February 21, has been called the “most significant cyberattack on the U.S. health care system” by the American Hospital Association. It is just the latest example of an increasing trend.
Chinese Government Hackers Targeted Critics of China, U.S. Businesses and Politicians
An indictment was unsealed Monday charging seven nationals of the People’s Republic of China (PRC) with conspiracy to commit computer intrusions and conspiracy to commit wire fraud for their involvement in a PRC-based hacking group that spent approximately 14 years targeting U.S. and foreign critics, businesses, and political officials in furtherance of the PRC’s economic espionage and foreign intelligence objectives.
Autonomous Vehicle Technology Vulnerable to Road Object Spoofing and Vanishing Attacks
Researchers have demonstrated the potentially hazardous vulnerabilities associated with the technology called LiDAR, or Light Detection and Ranging, many autonomous vehicles use to navigate streets, roads and highways. The researchers have shown how to use lasers to fool LiDAR into “seeing” objects that are not present and missing those that are – deficiencies that can cause unwarranted and unsafe braking or collisions.