Wall Street To Stage Cyber War Game
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. The exercise, Quantum Dawn 2, has been organized by the Securities Industry and Financial Markets Association (Sifma) as a follow-up to a previous exercise staged … Read more
Posted in Network Security, Uncategorized
Tagged Cyber Attack, cyber war game, Wall Street Cyber War Game
Leave a comment
Global Security Technology Market Seen Booming
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. The analysts, attending a Gartner summit on security and risk management at National Harbour, MD, said the market could grow to more than $86 billion in 2016. “With security being … Read more
Posted in Network Security, Security Threats
Tagged BYOD, Cyber Threats, Gartner, targeted attacks
Leave a comment
US Government Angry Over Internet Spying Leaks
Director of National Intelligence James Clapper has denounced leaks to The Washington Post and Guardian newspapers this week which revealed that his agency is spying on e-mails and other internet traffic obtained from nine major companies. In a statement on Thursday, Clapper confirmed the surveillance was taking place but accused the newspapers of making unspecified errors in their reporting. “The … Read more
Posted in Governance, Risk and Compliance, Network Security
Tagged Internet spying, PRISM, spying programme
Leave a comment
Microsoft, FBI Claim Success Against Citadel Botnets
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 … Read more
Posted in Network Security, Security Threats
Tagged anti-botnets, botnets, Citadel botnets, Cyber Threats, cybercriminals
Leave a comment
Global Security Software Revenue Up 7.9 Percent in 2012
New cyber threats helped to boost global revenue from security software to $19.13 billion last year, a 7.9 percent increase from 2011 revenue of $17.73 billion, according to the IT research company Gartner, Inc. In a release issued this week, Gartner research director Ruggero Contu said the security market experienced increased demand for consumer and enterprise security tools. “McAfee’s high growth … Read more
Music, Light Used to Trigger Malware on Mobiles
Researchers at the University of Alabama at Birmingham say they have developed and tested malware that can be triggered on a smartphone using light, sound, magnetic fields or vibration – posing a critical new cyber-security threat. In a paper released this month at a cyber-security symposium in Hangzhou, China, the researchers said the multitude of sensors on today’s mobile devices presented … Read more
Posted in Mobile Security, Network Security, Security Management, Security Threats
Tagged malware, mobile devices, smartphone
Leave a comment
Is your company vulnerable to a DNS amplification attack? Maybe, but it’s in the hands of your Internet connectivity provider
In the past few weeks, we’ve been hearing more about a type of DDoS attack called a DNS amplification attack. In sending out a general alert about this type of attack, the U.S. Computer Emergency Readiness Team (US-CERT) defined the problem as follows: The basic attack technique consists of an attacker sending a DNS name lookup request to an open … Read more
Small Is Beautiful for Cyber Criminals
Hackers are increasingly targeting small companies for cyber-attack and the amount of malware directed at mobile operating systems is rapidly escalating, according to Symantec’s Internet Security Threat Report for 2012. The report, issued last month, said half of all targeted attacks last year were aimed at businesses with fewer than 2,500 employees. The largest growth area for targeted attacks was … Read more
Posted in Network Security, Security Management, Security Threats
Tagged Cyber Attack, malware, Security Threat, Symantec
Leave a comment
Stuxnet May Have Been a Flop, Report Says
A new report published by a respected British think tank has challenged the conventional wisdom that the Stuxnet worm was a major setback to Iran’s nuclear ambitions. Ivanka Barzashka, a researcher in the Department of War Studies at King’s College London, said in the report – based largely on data from the International Atomic Energy Agency (IAEA) – that Stuxnet … Read more
Possible Stuxnet Defense Developed
Researchers at North Carolina State University (NCSU) have developed an innovative way of protecting networked control systems from cyber attack – raising the possibility of a defense against Stuxnet-type sabotage. A release from NCSU (http://news.ncsu.edu/releases/wms-chow-dncs/) said Dr. Mo-Yuen Chow and PhD student Wente Zeng had created an algorithm that detects and isolates cyber attacks on systems of the kind used … Read more
