US senators met at the beginning of May 2014 to start pushing a bill that allows “companies to share information that could help prevent cybersecurity attacks”. The bill is being pushed by Senate Intelligence Committee Chairwoman Dianne Feinstein, who wants companies to monitor their own network to locate cybersecurity threats. This new bill would grant companies legal protection for sharing such information.
Believe it or not, a global organised crime gang has offered its associates a Ferrari for whoever comes up with the best cyber scam to lure in vulnerable victims. This unusual competition shows the lengths cyber crime gangs will go to recruit and retain young technological talent, and how much money is involved in this dark market.
Today the Home Affairs Committee published its report on e-crime, and the results didn’t make for pretty reading. The Committee Chair, Rt Hon Keith Vaz MP held no punches in his summation of the 10 month inquiry into e-crime:
The Dutch hacker believed to be responsible for the world’s largest DDoS attack a few weeks ago has been arrested. Apparently he was caught 35km north of Barcelona in an orange van that doubled as a mobile computing office, (in my mind it’s like a malicious Mystery Machine) remotely controlling his ‘cyber bunker’. Anyone outside […]
US companies have been warned against using Chinese technology giants, Huawei and ZTE, in fear of leaving the country open to espionage and cyberattack.
Hackers linked to the Chinese Government hacked into the White House Military Office, according to a report published by the Washington Free Beacon on Sunday. The White House commented that it had been targeted by a spear fishing attack however these attacks were not infrequent and that mitigation measures were in place.
Today, the Government is issuing advice to British business leaders on how to protect themselves from cyber threats. Ministers and officials from communications intelligence agency, GCHQ will stress the importance of a more security-conscious culture for UK companies.
According to a BBC News report published this morning, MI5 are working to counter ‘astonishing’ levels of cyber-attacks on UK industry. Jonathan Evans, MI5 chief, spoke of MI5’s efforts to tackle “‘industrial-scale processes involving many thousands of people lying behind both state sponsored cyber espionage and organised cyber crime”.
A complex and targeted cyber-attack has been uncovered by Russian security firm, Kaspersky Labs. The malware (known as Flame) is believed to have been operating since August 2010 and is considered to be a state-sponsored attack.
A vicious piece of malware (known as Flame) was uncovered this week and is believed to have infected over 600 targets, be 20 times larger than Stuxnet and to have been backed by state sponsorship.