As concern mounts over cyber warfare between nations, major Wall Street firms will take part later this month in a simulated network disruption exercise aimed at testing their ability to respond to a widespread attack. Read more
We know it happens all the time – employees want to get something done quickly, so they bypass the bureaucracy of their company’s IT department and with a couple of clicks go straight to the cloud. But by doing so, they greatly increase the risk of exposing the company’s network to malware. Read more
Phishing attacks in Iran have spiked dramatically in recent weeks and appear to be related to presidential elections in the country tomorrow (Friday June 14), Google said this week.
Eric Grosse, vice president of security engineering, said in a blog post that over the last three weeks the company had detected and disrupted “multiple email-based phishing campaigns aimed at compromising the accounts owned by tens of thousands of Iranian users. These campaigns, which originate from within Iran, represent a significant jump in the overall volume of phishing activity in the region. The timing and targeting of the campaigns suggest that the attacks are politically motivated in connection with the Iranian presidential election on Friday.” Read more
After 10 years of managing an IT audit function for an international energy company, I had the opportunity to head up their IT Strategy group that was charged with creating Organizational IT Security and Risk profiles and plans.
The charge of this function was to annually evaluate organization-wide internal and external risk as it relates to IT, and to communicate this information back to the CISO, CIO and CFO. To carry out the evaluation of organizational IT risk required not just working with IT personnel, but also business personnel all the way up the C-level business unit leaders. Read more
Gartner analysts this week forecast that the worldwide security technology and services market would grow 8.7 percent this year to $67.2 billion as cyber threats become increasingly sophisticated and dangerous.
Microsoft and the FBI have carried out a major operation against cybercriminals using Citadel malware, saying they disrupted more than 1,000 botnets responsible for about $500 million in financial fraud globally.
In separate releases issued on Wednesday (June 5), the software giant and the FBI said they had worked with leaders of the financial services industry in acting against “a massive global cybercrime operation.” Read more
Cyberspace grew both more dangerous and irritating in the first quarter of the year, according to McAfee Labs’ threat report for the period.
In a report issued this week, the tech security company sounded a special warning about the Citadel Trojan, which has been updated to extract personal information from victims. Read more