BAE Systems Buys Danish Cyber Firm for $212M

British defense firm BAE Systems has inked a deal to buy ETI A/S, a Danish cybersecurity firm, for approximately $212 million.

ETI employs nearly 260 people and is headquartered in Denmark with operations in the U.K, United States, and the Asia and Middle East regions.

The acquisition of ETI supports BAE Systems’…

Germany Blasted with Cyber Attacks in 2010; Plans Cyber-Defense Center

Germany experienced a significance increase in cyber attacks in 2010, many originating in China, and plans to set up a special center next year to counter the problem, the government said Monday.

“There has been a sharp rise in so-called electronic attacks on the networks of German government…

Study: CSIRTs Want More Info on Cyber Attack Methods, Responses

Nearly all national computer security incident response teams want to receive more information on new cyber attack methods and recommended responses, according to a survey by ICANN.

However, at the same time, only 15 percent of CSIRTs surveyed subscribe to any cybersecurity and response mailing lists for domain name system registry operators. Those that…

Missouri Escrow Company Sues Bank after $440K Hacker Loss

A Springfield, Mo., escrow company is suing a financial institution for failing to prevent a hacker from stealing $440,000 from the escrow company.

According to The Kansas City Star, Jim Payne, owner of Choice Escrow and Land Title, said his company had to take out a loan to make up for the loss because BancorpSouth would not refund any of the money. He said it…

India’s Youth Warned of Increased Cyber Crime

A police commissionerate in India recently hosted an initiative aimed at creating awareness regarding cyber safety, and in particular to warn girls to not upload pictures on social networking sites to avoid falling victim to cyber scammers.

Held in the second largest city in the state of Maharashtra in western India, the Cyber Safe Pune 2010 forum conducted lectures at…

Possible Jail Time for Email Snooping Husband

A Michigan man who says he found out about his wife’s cheating ways by reading her email on their computer faces trial next month on felony computer misuse charges, according to Detroit Free Press.

Leon Walker, 33, who used his wife’s password to get into her Gmail account, could face up to five years in jail. He said he had read her emails, but did not…

UK’s Cyber Cops Take Down 1800 Bogus Websites

Detectives from London’s Metropolitan Police Service’s cyber crime unit have in the past year shut down 1,800 bogus websites, which were either fraudulent or advertising counterfeit goods, ranging from tickets to Premier League soccer games to Ugg boots and jewelry from Tiffany & Co.

The preventative action was carried out in partnership with Nominet–the public body for U.K. domain name registrations–and involved a boosted effort around the holidays,…

Ohio-based Whistle-blower Site Attacked

You do not have to be an infamous, mighty secret-spilling organization to attract the wrong kind of attention. Just ask an Ohio-based web designer, whose whistle-blower site recently fell victim to cyber attacks.

Chris Avell, who runs idontgiveascam.com–a whistle-blower site aimed at exposing online business scams– said a DDoS attack caused him an estimated $10,000 in damages and revenue loss, according to San Antonio Express-News.

Avell said a California-based…

Hackers Stand Up for Disgraced Martial Artist

Hackers attacked the website of the World Taekwondo Federation after it punished a 25-year-old Taiwanese fighter for allegedly cheating at the Asian Games, AFP reported.

The incident came after the federation suspended Yang Shu-chun for three months after she had been disqualified at last month’s games in Guangzhou for using extra sensors in her socks, according to Taipei Times.

“Still unfair,” hackers wrote, and…

Major Indian E-Commerce Portal Hit by Cyber Attackers

One of the biggest online shopping websites in India suffered a cyber attack that rendered the site FutureBazaar dysfunctional for 48 hours, The Times of India reports.

FutureBazaar CEO Rajiv Prakash said the company is currently working to tackle the problem internally and also taking a legal action against the hackers.

“We have filed a complaint with the Cyber Crime Branch in Mumbai,” he told Times of India. “Internally,…