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Hackers Paint Bull's-eyes on Cybercurrencies
May 19, 2014
Another digital currency was brought to its knees last week when the administrators of Doge Vault had to suspend operations after they discovered their online wallet service had been attacked by hackers. Following an investigation of the incident and the reconstruction of some of their damaged information from a backup, the administrators contacted users.
Ransomware Gang Targets Android Phones
May 13, 2014
The Reveton Gang is at it again. This time, though, they're targeting users of Android phones -- typically visitors to porn sites. The gang that pioneered the idea of locking up a target's computer and demanding a ransom to unlock it has turned its attention to the rapidly growing mobile market. Once Reveton mobile infects a phone, it will display a bogus warning.
AOL Users Waiting to Exhale
April 29, 2014
AOL on Monday disclosed that a "significant number" of user accounts had been hacked, confirming rumors swirling around the issue for a week and denying its week-ago statement that users' email accounts were being spoofed. The hackers stole users' email and postal addresses, address book contacts, encrypted passwords and encrypted answers to security questions, and "certain employee information."
Heartbleed's Never-Ending Drip, Drip, Drip
April 21, 2014
The Heartbleed vulnerability in OpenSSL has sent just about everyone who uses the Web for fun or profit gibbering madly in search of a solution, creating fertile ground for spammers, scammers and marketing types. Canada is in an uproar following a disclosure by the Canada Revenue Agency that a hacker had exploited Heartbleed to steal about 900 social insurance numbers from it over a six-hour span.
German Media Mogul Rips Google in Open Letter
April 18, 2014
The head of one of Germany's biggest media companies penned an open letter criticizing Google, saying that his company is afraid of Google and its ever-swelling power. The letter, written by Mathias Dopfner, the chief executive of media giant Axel Springer, opines that Google's technology platforms spread more quickly and more efficiently than anything in the world -- save "biological viruses."
White Hats Use Heartbleed to Steal Keys
April 14, 2014
The tech industry reeled last week when security researchers discovered a flaw in a key security technology in the Internet's infrastructure. The bug, ghoulishly named "Heartbleed," was found in an open source library, OpenSSL, used by the protocol, SSL, used to encrypt data in transit on the Net. By exploiting the flaw with a specially crafted packet, hackers can extract data from a server's memory in 64K chunks.
SDF Cofounder Chris Davis: Bad Guys Will Need a New M.O.
April 09, 2014
In the war against malware, a new strategy is taking shape. The good guys are preparing to demolish the bad guys' most effective weapons: rogue websites. The Secure Domain Foundation will tackle the identification and prevention of Internet cybercrime through a series of steps designed to interfere with the way cybergangs operate online. SDF made its debut last month at ICANN 49 in Singapore.
Clock Counting Down on Windows XP Support
April 01, 2014
As Microsoft prepares to cut off support for Windows XP, hackers are sharpening their knives in anticipation of carving up the operating system's carcass. Web predators will pounce on XP 10 minutes after Microsoft pulls the support plug on the software, predicted one former military computer specialist and network engineer. Indeed, it appears that information highwaymen are stockpiling ammunition.
Rocket the Vote! NASA Asks People to Vote on New Space Threads
March 26, 2014
NASA is asking people to vote on their favorite design for the outer shell of the new Z-2 spacesuit. While the Z-2 models may descend from their Apollo 13-style ancestors, there are some decidedly 21st Century twists. The "Biomimicry" design, for example, has a reptilian flare; "Trends in Society" has a more everyday look -- at least, as far as spacesuits go.
Headless Web Traffic Threatens Internet Economy
March 25, 2014
Bogus web traffic is creating a crisis for advertisers on the Web. Advertisers pay for page views. They assume that those views are tied to living eyeballs. When those views aren't tied to eyeballs, advertisers can get testy. That's what's starting to happen, and a recent comScore estimate of the automated traffic on the Internet -- 36 percent -- isn't helping matters.
Microsoft Does Some Scroogling to Catch a Thief
March 24, 2014
Microsoft, which has been mocking Google's searching of Gmail subscribers' emails with its "Scroogled" campaign, is fielding criticism for having itself searched the email of a Hotmail user. The search was conducted after Microsoft found that an employee, Alex Kibkalo, who worked for it in Lebanon, had stolen proprietary code and shared it with the Hotmail user, who is a blogger.
Big Blue Dons Big Data Gloves to Fight Fraud
March 21, 2014
IBM on Thursday launched a set of software and consulting services to help fight fraud and financial crime. The so-called smarter counterfraud initiative draws from more than 500 fraud consulting experts, 290 fraud-related research patents, and the $24 billion IBM has invested in its Big Data and analytics software and services capabilities over the past nine years.
Report: NSA Listens to International Calls From the Past
March 19, 2014
The National Security Agency reportedly possesses a system that enables it to record telephone calls -- all telephone calls -- in a foreign country, and review conversations for up to a month after they took place. The system is said to be akin to a time machine, allowing for retroactive snooping on foreign targets. Billions of calls are stored in a 30-day rolling buffer.
Target Breach Lesson: PCI Compliance Isn't Enough
March 18, 2014
"Target was certified as meeting the standard for the payment card industry in September 2013. Nonetheless, we suffered a data breach." Those words by Target CEO Gregg Steinhafel affirmed what security experts know as gospel: Compliance does not equal security. "Just because you pass a PCI audit does not mean that you're secure," said HyTrust President Eric Chiu.
Target Missed Bull's-Eye in Data Breach
March 14, 2014
Target acknowledged Thursday that it put information on a back burner that led to the compromise of more than 100 million customer records. "We learned that after these criminals entered our network, a small amount of their activity was logged and surfaced to our team," said spokesperson Molly Snyder, which "determined that it did not warrant immediate follow up."
2013: A Perilous Year on the Internet
March 11, 2014
Surfing the Internet last year was a dangerous proposition. On average, 200 samples of malicious software were collected every minute by McAfee Labs, the company reported in its threat report for the Q4 2013. All kinds of Internet nastiness increased last year -- from ransomware and suspicious URLs to bogus digital certificates, master boot record attacks, and poisoned mobile apps, the firm said.
Mt. Gox: Bankrupt, Accused and Hacked, Oh My!
March 10, 2014
The drama surrounding Mt. Gox, once the world's largest Bitcoin exchange, has intensified. The company on Sunday filed for Chapter 11 bankruptcy in the U.S. -- less than two weeks after taking a similar action in Tokyo, where it's based. It apparently made this move to freeze a lawsuit initiated in a federal court in Chicago by a customer seeking $25,000-worth of bitcoins and class action status.
The Increasing Business Risk of Cloud Cyberattacks
March 10, 2014
It is hard to figure out which is growing at a faster pace -- movement to the cloud or cybercrime. Cybercrime is following the data to the cloud, according to reports, to find and steal cloud data of hotel records, credit card information, and maybe even corporate secrets and the client files of lawyers. The concept of managing data for business on a remote computer is actually 50 years old.
Russia Implicated in Ukrainian Cyberdisruptions
March 06, 2014
Security forces in Ukraine, where tensions are running exceedingly high after weeks-worth of turmoil, have accused the Russian army of tampering with its mobile communications. In addition, Ukrainian news websites and social media have been smeared with pro-Russia propaganda. In other words, an entirely new element appears to be in play: cyberconflict between Kiev and Moscow.
Mt. Gox Scrambles for Chap. 11 Cover
February 28, 2014
Mt. Gox, the largest Bitcoin exchange, filed for Chapter 11 bankruptcy proceedings in Tokyo, Just days after going offline following the publication on Scribd of an internal memo that alleged hackers had stolen nearly 745,000 Bitcoins from its servers over the years. Blaming a weakness in the company's systems, CEO Mark Karpeles apologized publicly but said the Bitcoin industry was healthy.
Target Reels From Customer Data Breach
February 26, 2014
Target reported financial results for the quarter during which it suffered a high-profile data breach, revealing how badly the company was stung by the security lapses. In the three months ending Feb. 1, net earnings dropped by 46 percent compared with the year-ago fourth quarter, from $961 million to $520 million. Profit dropped by more than 40 percent from the same period a year earlier.
Mt. Gox Comes Tumbling Down
February 25, 2014
Bitcoin exchange Mt. Gox, which has been troubled by repeated DDoS attacks, has gone offline, following publication on Scribd of a purported internal memo alleging a multiyear server theft totaling nearly 745,000 Bitcoins. At Tuesday morning's price of $518.84 CoinDesk, that would amount to about $386 million. "This isn't about saving Mt. Gox any more," the document states.
Windows XP to Live On in China
February 25, 2014
A handful of Chinese Web companies are banding together to provide user support -- system upgrades, security services and the like -- to domestic users after Microsoft turns out the lights on Windows XP. Microsoft announced that it's going to punt on Windows XP in early April. Alas, an estimated 25-plus percent of China's computers run on the operating system. But fear not!
Google Gets Spider.io to Take a Bite Out of Click-Fraud
February 24, 2014
Google on Friday announced its purchase of online ad fraud fighter Spider.io. It initially will include Spider's fraud detection technology in its video and display ad products. Over time, Google will incorporate Spider's iFramed ads view technology in its products. "This is an excellent move for Google," said Mukul Krishna, senior global director of digital media at Frost & Sullivan.

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