Social Media: New Methods for Exploitation for Hackers

As the velocity and variety of social media are growing, it is vital to institute guidelines as soon as possible to establish how providers control personally identifiable information and focus on service functionality while minimizing the risk of exploitation of personal and organizational security, says an industry expert.

It is important that…

Vangent’s John Lamboy Named CISO of the Year

Vangent CISO John Lamboy was named Chief Information Security Officer of the Year by the Tech Council of Maryland at its fifth annual CIO and CTO Live! Awards gala, held last week in Washington, D.C.

Other than Lamboy, winners included Commercial IT Executive of the Year, which went to

FTC Names its First Chief Technologist

The Federal Trade Commission has appointed its first chief technologist: Edward W. Felten, who will advise the agency on evolving technology and policy issues.

Felten, a professor of computer science and public affairs at Princeton University, has consulted for federal agencies, including FTC and departments of Justice and Defense. He…

HP Enterprise Services Names Leaders to Cyber Practice

HP Enterprise Services has named key leaders to its U.S. Public Sector Cybersecurity Practice, which will bolster strategic direction and continue delivering cybersecurity solutions that meet the complex needs of U.S. government clients.

Practice leadership now includes:

·        Retired U.S. Navy Rear Adm. Betsy Hight as vice president of the Cybersecurity…

PayPal Patches iPhone App

PayPal has released a patch for a vulnerability in its iPhone application that could allow hackers access accounts at the online financial transactions service, The Wall Street Journal reports.

The flaw only affected users of the PayPal applications on iPhones connected to the Internet through unsecured Wi-Fi networks, and did not impact the company’s Android app or users of the PayPal.com website, according to WSJ.

A hacker…

Raytheon Acquires Trusted Computer Solutions

Raytheon Company has bought Trusted Computer Solutions, making the purchase the seventh cybersecurity acquisition for the company since 2007.

TCS is known for its work in cross-domain and cybersecurity software that works across multiple domains, allowing confidential sharing for customers. The company will be renamed Raytheon Trusted Computer Solutions…

Europe Plays Cyber War, Declared Winner

More than 150 transatlantic cybersecurity experts yesterday successfully completed Cyber Europe 2010, the first pan-European simulated cyber attack to test the continent’s preparedness in the event of an assault on the digital infrastructure.

“This was a first key step for strengthening Europe’s cyber protection,” said Dr. Udo Helmbrecht, director of European Network Security Agency. ”Each mistake and…

Cyber Crime in Australia Explodes into New Dimension

Australian authorities are warning that cyber crime is exploding into a new dimension–from multibillion-dollar international money laundering down to personal Facebook accounts and the iPhone boom, The New Zealand Herald reports.

A survey of 3,000 Australian companies in 2008 revealed 14 percent had reported computer…

GTEC to Buy Signature Government Solutions, LLC for $52.5 Million

Global Defense Technology & Systems, Inc. announced it has a deal in place with Signature Consultants, L.L.C to acquire its subsidiary Signature Government Solutions, LLC for $52.5 million.

Founded in 2003, SGS provides IT, cybersecurity and intelligence analysis services in support of high-priority mission systems and cybersecurity programs within the Intelligence Community.

SGS expects to…

Stock Traders Become Targets for Hackers Exploiting Mobile Platforms

Once mobile online trading platforms become popular, the nature of the cyber-crime scene will most likely change, according to an Internet security expert.

It is just a matter of time when Internet crime, which mostly has targeted personal computers, will expand to the mobile platform, according to McAfee Labs Technical Product Manager Vinoo…