• Cyberattacks spark cyber insurance boom

    The recent spate of high profile cyberattacks on major corporations has sparked a rush for cyber security insurance; with companies and even local governments seeking financial protection from costly cyberattacks, insurance companies and analysts say demand has increased dramatically of late; some large companies have even taken out insurance policies worth as much as $200 million; local governments like Flathead County, Montana have also purchased cyber insurance

  • Active cyber-defense strategy best deterrent against cyber-attacks

    With the threats of cybercrime, cyberterrorism, and cyberwarfare looming over a hyper-connected world, the best defense for the United States might be a good offense; experts argue that an active self-defense regime, which they term “mitigative counterstriking” — is a necessity in cyberspace, especially to protect critical infrastructure such as banking, utilities, and emergency services

  • International hacking group calls it quits

    After a series of high-profile cyberattacks including attacks on Sony, the U.S. Senate, and the Arizona State Police’s websites, the international hacking group known as LulzSec has announced that they are officially disbanding; the group’s announcement comes shortly after British authorities working in conjunction with the FBI arrested a U.K. teenager for his affiliation with LulzSec; the group maintains that its decision was unrelated

  • Arizona police network latest LulzSec cyber victim

    In the latest string of attacks on government computer networks by LulzSec, an international hacker network, the Arizona Department of Public Safety’s computer network was broken into and the group is publicly releasing hundreds of law enforcement documents

  • Study finds nearly 90 percent of businesses victim of cyber attacks

    A recent survey of information technology (IT) security professionals reveals that cyberattacks are on the rise and businesses have had difficulty defending their networks; 84 percent admitted to having been the victim of a cyber attack; these attacks have been costly causing a majority of companies an estimated $500,000 or more in lost revenues, cash outlays, business disruptions, and other expenses

  • Estonia pushes for joint EU cyber response

    European Union security officials recently met in Brussels for the European Security Round Table to discuss the creation of a unified approach to cybersecurity; the meeting’s organizers say the event was designed to promote “a comprehensive policy approach to cyber-security among EU institutions”; attendees included representatives from the European Parliament, the European Defense Agency, NATO, and private security organizations

  • DHS warns of critical vulnerabilities in Chinese software

    Last week DHS warned that control software widely used in China’s weapons systems, utilities, and chemical plants has dangerous weaknesses that leave it open to hackers; the warning, issued by the DHS Industrial Control Systems Cyber Emergency Response Team (ISC-CERT), stems from critical vulnerabilities found in SCADA software developed by Beijing’s Sunway ForceControl Technology

  • Teenage hacker brings down British law enforcement agency's website

    A nineteen year old has been arrested by British authorities for attacking the website of the Serious Organized Crime Agency (SOCA); the teenager has also been charged with bringing down the websites of the International Federation of the Phonographic Industry and the British Phonographic Industry; the FBI worked in conjunction with British investigators; authorities believe the hacking group LulzSec is behind the attacks

  • Weather variations cost U.S. $485 billion a year

    New research finds that routine weather events such as rain and cooler-than-average days can add up to an annual economic impact of as much as $485 billion in the United States; the study found that finance, manufacturing, agriculture, and every other sector of the economy is sensitive to changes in the weather, and that the impact of routine weather variations on the economy is as much as 3.4 percent of U.S. gross domestic product

  • China's sustained cyberattacks on U.S. are an economic, strategic threat

    China has been engaged in a sustained guerrilla cyber war against the United States, with two goals in mind: first, stealing research and development, software source code, manufacturing know-how, and government plans; second, to counter American military superiority by threatening to damage the underpinning of the U.S. economy; that Congress and the administration do nothing in the face of these cyber assaults is puzzling

  • Turkey apprehends 32 Anonymous hackers, group vows retaliation

    In the continuing crackdown against the international hacking ring known as Anonymous, Turkey has apprehended thirty-two individuals suspected of online cyber attacks against government websites; Turkish officials made the arrests following a cyber attack on the government’s telecommunications agency’s website; officials feared that the group would strike again during national elections; undeterred by the arrests, Anonymous announced that it would resume its attacks on Tuesday night

  • Three arrested in PlayStation cyberattacks

    On Friday, Spanish law enforcement officials arrested three men suspected of hacking into Sony’s PlayStation Network in addition to other major government and corporate websites around the world; the three men are suspected of being the local leaders of a secretive group of international hackers that call themselves Anonymous; the group has claimed responsibility for several high profile attacks on major sites like YouTube, Amazon, the Australian Parliament’s House website, and PayPal

  • Pentagon outlines use of cyber weapons

    The Pentagon has developed a list of approved cyber weapons and tools along with parameters for their use; official says the classified list of cyber capabilities has been in use for several months and has been approved by several government agencies; the framework clearly delineates what capabilities can be used, in what circumstances, and when actions need presidential approval; a cyber weapon like Stuxnet can only be used with presidential authorization even if it were to be deployed in a country with which the United States was openly at war

  • Imation acquires MXI Security

    The cost of data breaches continues to rise annually, with the average organizational cost of a breach reaching $7.2 million in 2010; by 2014, the market for secure data solutions — protecting against data loss, theft, or breach — specifically designed to address secure portable storage, digital identity, and secure portable computing is expected to reach more than $4.5 billion; Imation, a major player in the field of secure data, further strengthens its offerings by acquiring the assets of MXI Security; the move is a continuation of Imation’s strategy of investing in key technology platforms to meet customers’ needs

  • FBI leads Lockheed Martin cyberattack investigation

    The FBI recently announced that it is leading a federal investigation into a cyberattack on defense giant Lockheed Martin’s networks; the investigation will be led by the National Cyber Investigative Joint Task Force and is aimed at determining if the attack was a result of “poor hygiene, if nothing was infiltrated and nothing taken or something more”; on 21 May, the company detected a “significant and tenacious” attack on its networks that was met with a swift response; the FBI declined to comment on what actions it would take if the investigation revealed that the attacks were perpetrated by state or non-state actors