Cybercrime’s bottom line: $500 billion
November 8, 2013
(Editor’s note: In this guest essay, Deloitte consultants Eric Openshaw and Irfan Saif assemble the best available estimates for the economic clout of the cybercrime industry.)
No one knows the true cost of cybercrime. Annual loss estimates for U.S. corporations range from $70-140 billion in a recent report from the Center for Strategic and International Studies (CSIS) to $400 billion quoted by U.S. House …More
Security-minded investors scoop up Barracuda’s IPO
November 6, 2013
SEATTLE – Firewall and data storage company Barracuda Networks made its public debut this morning on the New York Stock Exchange, raising $74 million, at an opening price of $18 per share.
Investors immediately pushed the stock — trading under the ticker symbol CUDA — to more than $23 per share, though the price settled to $21.55 as the market closed.
The 10-year-old company’s IPO follows network security company FireEye’s sizzling IPO in late September. It’s the latest affirmation of Wall …More
Eric Schmidt declares Android more secure than iOS
October 8, 2013
Google’s executive chairman Eric Schmidt on Monday drew a bit of derisive laughter from a tech-savvy audience when he pronounced the Android platform more secure than Apple iOS at the Gartner Symposium/ITxpo in Orlando, Fla.
Schmidt sought to disabuse the notion — widely espoused by some in the tech security community — that Google Android is not secure at a time when it has come under …More
How the Adobe hack could fuel next wave of cyberattacks
October 4, 2013
SEATTLE – Adobe has taken several steps to calm concerns among its corporate users about the loss of customer account data and critical source code to hackers.
The company has begun advising enterprise customers that Adobe product users will be required to change their account password at their next login attempt.
The breach does not affect users of Adobe Creative Cloud or Digital Publishing Suite — …More
Cash bounty offered to hack Apple’s fingerprint sensor
September 19, 2013
SEATTLE – There is a $4,000-plus crowd-sourced reward being offered challenging the large and clever global community of independent security researchers to prove Apple’s much ballyhooed new fingerprint sensor can be hacked.
“I believe it is possible to hack it, so I’ve got my popcorn out and I’m very interested to see what happens,” says Chris Wysopal, chief technology officer at …More
Loose network security policies invite insider hacking
March 17, 2013
SEATTLE — More evidence that opportunities abound for current or ex-employees with malicious intent to wreak havoc or steal data from their employers comes from authentication company OneLogin.
In a recent survey, OneLogin found 43% of respondents admitting that employees manage passwords in spreadsheets or on sticky notes, 34% share passwords with their co-workers …More
Why network forensics should become ongoing maintenance
April 12, 2012
Company network attacks — and successful intrusions — continue at a steadily rising pace, for aÂ litany of reasons. The core driver is a complex dynamic. We continue to expand commercial uses of the Internet, pumping more cloud services, social media and mobile devices into the mix.
The end result is an ever expanding canvas of attack surfaces for highly skilled and motivated cybergangs to tap into corporate databases. In this LastWatchdog guest post, …Morekeep looking »