Tag: cyber crime

Hackers Breach Top Wall Street Law Firms, Including Cravath Swaine & Moore LLP, Weil Gotshal & Manges LLP

Hackers Breach Top Wall Street Law Firms, Including Cravath Swaine & Moore LLP

Reuters: Hackers broke into the computer networks of some big U.S. law firms, including Cravath Swaine & Moore LLP and Weil Gotshal & Manges LLP, the Wall Street Journal reported on Tuesday. Federal investigators are looking to see if confidential information was stolen for insider trading, as these law firms represented Wall Street banks and big companies, the Journal said, citing people familiar with the matter. Other law firms were also targeted, but the probe has not amounted to any clear information on what details have been stolen, the newspaper…

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Guarding your online brand against cybersquatters

Staff Writer

If you had a business called Widgets R Us and somebody set up shop right next door with a business called Widgets R U, you’d probably be a bit miffed. Especially if the interloper then demanded money to move elsewhere. cybersquatters: But this sort of thing is happening all the time online. It’s called cybersquatting – buying up website addresses, or domain names, that sound very similar to existing well-known brand names. When Google recently launched its new parent company Alphabet, and the abc.xyz web address, there were more than…

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U.S. Senators introduce DHS Cybersecurity Bill to Protect ‘Dot-Gov’ Domain after breach

Staff Writer
Liquid Telecom

A bipartisan group of U.S. senators introduced legislation on Wednesday to give the Department of Homeland Security more authority to protect government Internet addresses in Cybersecurity bid. The goal is to prevent more cyberattacks like recent massive breaches at the government’s hiring office. Hacks targeting the Office of Personnel Management put the personal data of some 22 million Americans at risk and prompted the resignation of OPM chief Katherine Archuleta earlier this month. The cyberattacks prompted calls in Congress for huge improvements in monitoring and protection of government systems. Reports…

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Data Breaches: First half of 2015 saw venture firms invest $1.2 billion in cybersecurity startups

Staff Writer

Data Breaches Boost Funding for Cybersecurity Startups Extract: In the 2015 first half, venture firms invested $1.2 billion in cybersecurity startups, according to researcher CB Insights. That is down slightly from $1.4 billion a year earlier but up sharply from $771 million in 2013’s first half. The shift is particularly notable at Andreessen Horowitz, which used to view security companies as necessary for Internet safety but less lucrative than other technology niches. One reason is that cybersecurity startups were often acquired prior to an initial public offering, says Scott Weiss,…

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Drill-Down Report Finds Global Financial Services Businesses 300% More Susceptible To Cybercrime

Staff Writer
Google

Global financial services businesses encounter security incidents 300% more frequently than other industries, according to a report released on Tuesday by Raytheon | Websense, a company that helps protect organizations from cyber attacks and data theft. The 2015 Financial Services Drill-Down Report found “a high degree of specialization among criminals attacking financial services, a huge investment in the lure attack phase and the specific and anomalous Cybercrime attacks pointed at global targets dealing in finance.” “For years, this industry has been under attack by highly specialized groups of criminals,” said…

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Simple Website Security Flaw Exposes Data Of Charter Internet Customers

Staff Writer
Liquid Telecom

A Website Security flaw discovered in the site of Charter Communications, a cable and Internet provider active in 28 states, may have exposed the personal account details of its customers. Security researcher Eric Taylor discovered the cable provider’s vulnerability as part of his research, and demonstrated how a simple header modification performed with a browser plug-in could reveal details about Charter’s Internet subscribers. After Fast Company notified Charter of the issue, the company said it had installed a fix within hours. The vulnerability could reveal personal information of “millions” of the…

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Federal Reserve Bank of St. Louis Confirms it was Hacked

Staff Writer

SAN FRANCISCO — The Federal Reserve Bank of St. Louis confirmed on Tuesday that hackers had successfully hacked the bank, redirecting users of its online research services to fake websites set up by the attackers. The breach was just the latest in a spate of hackings against government systems in recent months, affecting the White House, the State Department and even the president’s own email account. In this case, the attack appeared to compromise the Internet’s routing system, known as the domain name system, or D.N.S thus was  hacked. In…

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Big Market Research: Internet Security Market Expected to Grow Positively Despite a Rise in Hacks

Google

PORTLAND, Oregon, April 8, 2015 /PRNewswire/ — Big Market Research adds a report titled “Global Internet Security Market – Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020.” The report states that the market would attain a value of $42.8 billion by 2020 with a CAGR of 8.1% during the year 2014 – 2020. As of now, software solution dominates the market. However it is mentioned in the report that the cloud based system would register more growth during the forecast period. (Logo: http://photos.prnewswire.com/prnh/20141014/710132 ) The widespread application of…

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Why investors should be concerned about cybersecurity breaches

Staff Writer
Liquid Telecom

Major security breaches continue to hit headlines, as businesses are forced to shift from focusing on the imminent nature of threats to calculating their potential financial impact. Companies are investing billions of dollars in cybersecurity, but the average return on spending for security technology is only 14%. Every year the cost of a data breach continues to rise. In spite of this, investors and shareholders don’t react strongly to news of a breach. Target’s stock fell 11% after it revealed it was the victim of one of the largest breaches ever to…

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Cybercriminals Are Misappropriating Businesses’ Web Addresses

Staff Writer

As a Result, Customers Can’t Find the Real Companies on the Web Cybercriminals targeting businesses are stealing more than customer passwords and credit-card numbers these days. Some are misappropriating the very Web addresses—or domain names—of the businesses themselves. When Pablo Palatnik of Miami glanced at a Google analytics report showing Web traffic on his office TV monitor one day last month, he was alarmed to discover that traffic to his business website, Shadesdaddy.com, had plunged 80% from its usual level of as many as 10,000 visitors a day. At first,…

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