Industry Expert: New Cyber Legislation Could Create Disincentives

The Obama administration’s new cybersecurity proposal could create counterincentives against better private-sector cybersecurity, according to Larry Clinton, president of the Internet Security Alliance.

Released last month, the White House proposal mandates that the parts of private-sector that operates critical infrastructure would be audited using a range of performance…

Avoiding Hook, Line and Sinker: Q&A with Anup Ghosh on Spear Phishing

Cyber attacks hitting high-profile targets have recently dominated the headlines, and there is no indication the trend will slow down anytime soon. Here, Invincea Founder and CEO Anup Ghosh talks to The New New Internet about the uptick in spear phishing, what role social media play and what steps to…

NATO Website Hacked

The North Atlantic Treaty Organization yesterday released a brief statement that one of its websites had suffered a “probable data breach.”

“Police dealing with digital crimes have notified NATO of a probable data breach from a NATO-related website operated by an external company,” the statement read. “NATO’s e-Bookshop is a separate service for the public for the release of NATO information and does not…

Senator Urges New Cybersecurity Regulations for Banks

Customers are ill-served by current regulations, which do not go far enough in alerting them about breaches at financial institutions, according to a senator.

During a Senate Banking, Housing and Urban Affairs Committee hearing, Sen. Robert Menendez (D-N.J.) questioned why Citigroup took nearly a month to report a breach affecting more than 360,000 credit…

Goatse Security Hacker Pleads Guilty to AT&T Breach

A California man who helped write the malicious code behind a breach of AT&T’s computer servers has admitted to conspiring to hack into the servers, steal information about iPad subscribers and publicize the crime, the FBI’s Newark division said.

Daniel Spitler, 26, of San Francisco, pleaded guilty to one count of conspiracy to gain unauthorized access to computers connected to the Internet and one…

NIST Seeks Comments on Cybersecurity, Innovations and Internet Economy Report

The Commerce Department’s Internet Policy Task Force is asking for comments on a report that proposes voluntary codes of conduct to bolster the cybersecurity of companies that depend on the Internet to do business, but are not included in the critical-infrastructure sector.

The…

Survey: 90 Percent of Businesses Get Cyber Attacked

Ninety percent of businesses have fallen victim to at least one cybersecurity breach in the last 12 months, according to a survey sponsored by Juniper Networks.

A cyber attack on businesses is becoming “a near certainty for most businesses,” the survey noted, and companies say the typical breach has cost…

IMF: No Financial Systems Compromised in Breach

Ten days after the International Monetary Fund announced it had been the victim of a “very major breach,” the organization has determined there is no evidence that indicates its financial systems were compromised, Dow Jones reports.

“We have no evidence that information held in our emails, our financial systems or fund document management systems have been compromised,” IMF spokesman David Hawley told a news briefing…

DOJ, FBI Dismantle Global Scareware Ring

The Justice Department and the FBI, along with international law enforcement partners, have announced the indictment of two individuals from Latvia and the seizure of more than 40 computers, servers and bank accounts as part of Operation Trident Tribunal, a coordinated enforcement effort targeting global cyber crime.

The operation targeted international cyber crime rings that caused more than $74 million in total…

EADS to Launch Cyber Unit

EADS‘ defense and security division Cassidian is spinning off a separate business unit that will focus solely on cybersecurity, Aviation Week reports.

“This is where the money is flowing,” Cassidian CEO Stefan Zoller said during the pre-Paris Air Show EADS seminar June 18.

He told Aviation…