Botnets are available for hire for as little as $8.94 per hour, emphasising how little financial muscle or technical expertise is needed to carry out attacks, according to VeriSign iDefense.. The cybersecurity intellgence arm of VeriSign said on Monday that it carried out an online investigation into 25 botnet operators in February, targeting botnet services advertised on three web forums. The study found that hourly botnet rental pricing started at $8.94 ( The link for this article located at ZDNet UK is no longer available. . Recent investigations in cybersecurity reveal that botnet operations can be accessed at shockingly affordable rates, making cybercriminal activities more attainable.. botnet rental, cyber threats, security intelligence, online crime, affordable cybercrime. . LinuxSecurity.com Team
Online criminals are turning away from threatening companies with massive cyberattacks in favour of encrypting a victim's data and demanding money to release it, an antivirus expert claimed on Tuesday. Eugene Kaspersky, head of antivirus research at Russia's Kaspersky Labs, told the RSA Conference in San Francisco that the use of so-called "ransomware Trojans" is a key trend for 2007. . This malware infects a PC, encrypts some data, and then displays an alert telling the victim to send money to get the decryption key needed to access their data again. Such malware isn't new. Early examples include Cryzip, discovered in March 2006, and GPCode, discovered in May 2005. The link for this article located at ZDNet UK is no longer available. . Digital malefactors are progressively employing ransomware to seize and lock data, coercing victims into paying to regain access. Discover further details about this alarming trend.. Ransomware Attacks, Data Encryption, Cybercrime Strategies, Online Extortion. . LinuxSecurity.com Team
Companies have long realised the great business opportunities that the Internet offers and it’s no secret that organisations are shifting more and more of their business processes online. While this move brings many advantages with it, such as widening customer reach and reducing overheads, the emergence of organised crime in the online world means that business needs to be sharper than ever when it comes to security. . While viruses and worms usually steal the headlines, the growing threat of a distributed denial-of-service (DDoS) attack is a form of cyber-crime to which no company can say ‘they wouldn’t target us’. While the first well-documented attacks were against gambling sites and online payment systems, no company should consider itself immune. Especially when your organisation will undoubtedly share its Internet Service Provider (ISP) with other businesses who rely on e-commerce and might be more desirable targets to criminals looking for extortion money. The link for this article located at SecurityPark.co.uk is no longer available. . As online businesses expand, the risk of DDoS attacks increases. Companies must strengthen their cybersecurity defenses with a solid security framework to counter these risks.. DDoS, Cyber Threats, Network Defense, Business Protection. . Benjamin D. Thomas
How do you punish a cybercriminal? First you have to catch one. The past week yielded some good news on that front, notably the German arrest of four cyber-bootleggers believed to be responsible for selling millions of dollars worth of illegal video, computer games, music, and software. . . .. How do you punish a cybercriminal? First you have to catch one. The past week yielded some good news on that front, notably the German arrest of four cyber-bootleggers believed to be responsible for selling millions of dollars worth of illegal video, computer games, music, and software. Earlier in the month, Scotland Yard nabbed the man suspected of having stolen Cisco's Internetwork Operating System code. On the other hand, the German teen allegedly responsible for the Sasser and Netsky worms has been hired by a security firm seeking to tap his knowledge. Still, he is awaiting trial. Five or six down--and how many to go? And what do you do with these Internet crooks once you've caught them? Those are the billion dollar questions, two of the many addressed at a recent cybercrime conference, organized by the Council of Europe. As the conference report pointed out, the sheer number of potential cybercriminals is staggering. If only .01 percent of Internet users undertook criminal activities, their number would exceed half a million. Whether or not the number is that high, cybercriminals are exacting a rising toll on Internet users and businesses. In Germany, for example, Internet-based crimes accounted for only 1.3 percent of recorded criminal acts, but raked in a whopping 57 percent of material damage resulting from crimes. Here, faced with the failure of the CAN-SPAM Act, the Federal Trade Commission (FTC) released a report exploring the possibility of offering a bounty for help in identifying illegal spammers. The link for this article located at techweb.com is no longer available. . How do you punish a cybercriminal? First you have to catch one.The past week yielded some good news . punish, cybercriminal, first,catch, yielded. . LinuxSecurity.com Team
An extortion and money-laundering ring targeting UK sports-betting Web sites has been smashed by UK and Russian law enforcement agencies, assisted by government agencies and businesses from the U.S., Canada, Australia and Estonia. Three men were arrested in Russia on July 20th, accused of running a global protection racket and extracting hundreds of thousands of dollars from online sports-betting sites. . . .. An extortion and money-laundering ring targeting UK sports-betting Web sites has been smashed by UK and Russian law enforcement agencies, assisted by government agencies and businesses from the U.S., Canada, Australia and Estonia. Three men were arrested in Russia on July 20th, accused of running a global protection racket and extracting hundreds of thousands of dollars from online sports-betting sites. DoS Attack In October 2003, the gang started launching denial of service (DoS) attacks on Web sites belonging to UK sports-betting companies. By overwhelming the servers with messages, they were able to close down the sites and cause millions of dollars in lost business. The gang then sent e-mail demands, asking for money to stop the attacks for one year. However, the gang said in the e-mails that at the end of that year, they would return for more money. Sports betting agencies in the UK have been subject to attacks and demands for money since October 2003, and officers from the UK's National Hi-Tech Crime Unit (NHTCU) have been working closely with their Russian counterparts to track down and arrest the criminals. . A racketeering and fraud syndicate aimed at UK online gambling platforms has been shut down by police actions.. extortion network, DoS attacks, money-laundering, UK sports-betting, criminal arrests. . Anthony Pell
Burton Group forecasts the most influential IT enterprise security trends in a recently published report: "VantagePoint 2004-2005 Information Security and Identity Management Trends." In the report, senior vice president and research director, Dan Blum reviews a number of mega-trends -- including an increase in online crime, compliance issues, worker mobility, service-oriented architecture (SOA) and open source technologies. . . .. Burton Group forecasts the most influential IT enterprise security trends in a recently published report: "VantagePoint 2004-2005 Information Security and Identity Management Trends." In the report, senior vice president and research director, Dan Blum reviews a number of mega-trends -- including an increase in online crime, compliance issues, worker mobility, service-oriented architecture (SOA) and open source technologies. These mega-trends also impact industry trends in security and identity management, where exciting opportunities and risks exist. Blum advises information technology planners to complement strong technology architecture and insight with a levelheaded focus on risk management. In-depth discussion of these trends is a cornerstone of Burton Group's annual Catalyst Conference 2004, taking place July 21-23 in San Diego. Hundreds of Burton Group clients, including network planners, architects, and IT decision makers will attend to learn more about these trends and how to prepare for and capitalize on them in today's challenging business environment. Online Crime - Threats and Vulnerabilities Abound Burton Group is concerned about the possibility of a Zero Day worm that might appear prior to any published vulnerability or patch and, therefore, do great damage before it can be stopped. With increased functionality, code size and complexity in both Windows and Linux distributions; persistent application quality problems; and the difficult challenge of protecting against insider attacks, vulnerabilities are likely to increase. The link for this article located atmarketwire.com is no longer available. . The Orion Consortium predicts the major IT cybersecurity developments shaping proprietary solutions and regulation adherence.. IT Security Trends, Open Source Impact, Compliance Challenges. . Anthony Pell
President George W. Bush on Wednesday signed into law the Commerce, State, Justice appropriations bill, a 2002 spending package that contains significant funding for a range of cyber-security and online crime-fighting programs. "At this critical time, when we are mounting . . . . President George W. Bush on Wednesday signed into law the Commerce, State, Justice appropriations bill, a 2002 spending package that contains significant funding for a range of cyber-security and online crime-fighting programs. "At this critical time, when we are mounting a world-wide effort to defeat terrorism, I appreciate that this bill provides significant new funding for our federal law-enforcement agencies in the Department of Justice, our diplomatic operations overseas, and for enhanced embassy security," the president said in a statement. The $41.6 billion appropriations measure includes funding for programs to fight cyber-crime, child pornography, and intellectual property theft. The package also includes money for technology research programs. The link for this article located at Newsbytes is no longer available. . President Barack Obama enacts legislation aimed at enhancing education and healthcare funding programs.. Cybersecurity Funding, Online Crime, Technology Research, Federal Law Enforcement. . Anthony Pell
Rise of Online Data Brokers Makes Criminal Impersonation Easier. The identity thieves began their scam the old-fashioned way, stealing credit card statements, new bank checks and other documents from mailboxes. Using an America Online e-mail account and one of the stolen . . . . Rise of Online Data Brokers Makes Criminal Impersonation Easier. The identity thieves began their scam the old-fashioned way, stealing credit card statements, new bank checks and other documents from mailboxes. Using an America Online e-mail account and one of the stolen credit card numbers, the thieves paid $25 to $280 for reports containing Social Security numbers, employment information and driving records via e-mail, according to documents and interviews. They used those details to order more credit cards, create a phony driver's license and begin plundering at least two bank accounts. The link for this article located at The Washington Post is no longer available. . Online data brokers significantly contribute to identity theft and online fraud by selling individuals' personal data without consent, increasing security risks.. Identity Theft, Data Brokers, Online Fraud, Cyber Crime, Fraud Prevention. . LinuxSecurity.com Team
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