Survey: Insider Threat Most Costly for Organizations

A new cybersecurity survey found that cyber attacks perpetrated by so-called “insiders” — those with inside knowledge or authorized access — are viewed as the most costly and damaging to an organization.

The 2011 CyberSecurity Watch Survey conducted by CSO magazine and sponsored by Deloitte found that…

DHS to Invest $40 Million on Cyber Defense

The Department of Homeland Security is ramping up efforts to counter various cyber threats and will invest $40 million in  research to support the Comprehensive National Cyber Initiative, according to a report on InformationWeek.

The DHS Science and Technology Homeland Security Advanced Research Projects Agency is seeking proposals on 14 areas…

NIST Seeks Public’s Input on Cloud Definition, Security Guidelines

The National Institute of Standards and Technology has released two new drafts on cloud computing for public comment and launched a new website to enable two-way communication among the cloud community and NIST cloud research working groups.

Federal Chief Information Officer Vivek Kundra asked NIST to speed up the federal government’s secure adoption…

‘Hacking’ Husband Denies Accessing Police Database

A Michigan man charged with hacking into his ex-wife’s email told a jury he never tried to access the police database as prosecutors allege, UPI reports.

Leon Walker was charged with accessing his former spouse’s email account to read her messages to find out whether she was having an affair with a man Walker said posed a threat to their child.

Shortly after…

NY Broker Accused of ‘Pump-and-Dump’ Scheme via Spam

A New York stock broker has been charged for his alleged role in a fraud scheme to illegally “pump-and-dump” thinly traded Chinese and Israeli stocks by sending spam promoting stocks to artificially inflate prices, according to the FBI.

Gregg M. Berger is accused of being part of a group that allegedly carried out a sophisticated stock fraud scheme from January 2005 through December 2007. Berger allegedly…

Lockheed Martin to Provide Cybersecurity for Idaho Power Utility

Lockheed Martin today announced it has been selected to provide Idaho Falls Power with cybersecurity support for its utility smart grid operations.

The firm will support the power utility as it adopts a citywide, two-way communications Advanced Metering Infrastructure system, allowing the utility to securely gather and examine energy readings from advanced…

NetWitness Expands Cloud Offerings

NetWitness Corporation has launched a new product portfolio featuring cloud-based offerings to meet expanding operational use cases for cloud-based services and transformational virtual data center architectures.

With virtualization and cloud computing, the IT organization’s loss of “command and control” requires security teams to emphasize more on comprehensive network monitoring, precise…

US, UK Stock Exchanges Seek Security Help after Cyber Attacks

Stock exchanges in the U.K. and the United States have reportedly enlisted the help of security services after being assaulted by cyber attacks, according to The Times.

The London Stock Exchange is investigating a terrorist cyber attack on its headquarters last year, while U.S. officials say they have traced an attack on one of its exchanges to Russia.

The alleged attack on LSE came as it began transitioning to…

Two New Malware Strains Attack Facebook, IM

New scams conducted via Facebook and Twitter have been wreaking havoc on users in the last several days, PandaLabs reported.

The first one, Asprox.N, has been identified as a Trojan sent via email informing users their Facebook account is being used to distribute spam. For that reason, the user’s login credentials have been changed. The email includes a bogus Word document attachment, tricking the user into believing it…

Jeremy Grant Joins NIST Team as Senior Executive Adviser

The Information Technology Laboratory of the National Institute of Standards and Technology has announced that Jeremy Grant is joining the NIST team as a senior executive adviser to manage the launch of a National Program Office for the National Strategy for Trusted Identities in Cyberspace.

Grant has previously served in various leadership positions across the…