February 2013 – Page 5 – CyberSecurity Institute

Cloud masks hidden costs

Posted on February 14, 2013December 30, 2021 by admini

Rogue clouds are defined as business groups implementing public cloud applications that are not managed by or integrated into the company’s IT infrastructure.

And 39% of Thai respondents are concerned about meeting compliance requirements in the cloud, particularly cloud discovery regulations requiring companies to collect data history records as electronic evidence. In fact, 70% of Thai respondents missed their cloud discovery deadlines, leading to fines and legal risks, while 41% have been fined for cloud privacy violations.

Using de-duplication software will enable organisations to manage and increase their storage efficiency by 80%, Mr Pramut added.

Thailand’s cloud computing revenue is expected to reach 3 billion baht this year, up from 2 billion in 2011, said Mr Pramut.

Link: http://www.bangkokpost.com/business/telecom/335819/cloud-masks-hidden-costs

Retailers were favorite target of cyber crime in 2012 Dubai Chronicle

Posted on February 13, 2013December 30, 2021 by admini

Until a certain change is applied the retail sector will remain main target of cyber fraud. But if the cloud company is serious, it can provide a solution even in these cases.

In 2012, the time to recognize such activity was on average 210 days. About 64% of all retail firms need approximately 90 days to spot a fraud. At the same time 5% of companies need 3 year to identify criminal intrusion.

Link: http://www.dubaichronicle.com/2013/02/13/e-retailers-cybercrime/

Global malicious websites increase by 600%

Posted on February 13, 2013December 30, 2021 by admini

Only one in five emails were legitimate and email spam increased to 76 percent.

Analysis and news headlines show that multistage attacks with multiple vectors have challenged security capabilities, as they worked to find weak spots and circumvent defenses. Attacks identified by Websense indicate a need for integration at the actual defense level and deep content security intelligence with real-time security defenses.

When independent solutions are in place, there is no way to ensure that email, web, mobile, social and data loss defenses are each prepared to perform their role to cohesively address an emerging threat.

Link: http://www.net-security.org/virus_news.php?id=2411

Chinese Hackers Going After U.S., Not Just Media — Daily Intelligencer

Posted on February 11, 2013December 30, 2021 by admini

Some experts think online espionage is costing us as much as $25 billion to $100 billion annually, and the Obama administration is stepping up its efforts to fight the problem. This week, the president is expected to issue an executive order outlining voluntary cyber security standards for important private-sector companies and for the sharing of threat information between the companies and the government. … The government needs specific evidence of hacking to take action, and when an institution like the Times reveals that it’s been targeted, it might encourage other companies to admit that they failed to prevent hackers from poking around in their computer systems.

Link: http://nymag.com/daily/intelligencer/2013/02/chinese-hackers-going-after-us-not-just-media.html

US Report Highlights Economic Threat of Hacking

Posted on February 11, 2013December 30, 2021 by admini

Several U.S. newspapers, including the Post, The Wall Street Journal and The New York Times accuse Chinese hackers of infiltrating their computer systems.

Duncan Clarke of Stanford University, who also chairs BDA — a China-based investment and advisory firm — said that if China is responsible for directing corporate espionage, it would be to help Chinese companies compete with their U.S. rivals. And we have not seen that level of concern in other countries, so the risk is that you actually hurt your own interests by taking too hard a line on this.”

The U.S. government has been concerned for years about the “significant and growing” threat of hackers stealing data for economic gain, and a report in The Wall Street Journal says businesses have long been well aware of the problem. So far, Washington’s response has included everything from giving written guidance to businesses on intellectual property crimes, to setting up a toll-free number to report problems, to unsuccessful efforts to get Congress to pass legislation on the issue.

Link: http://www.voanews.com/content/us-report-highlights-economic-threat-of-hacking/1601067.html

Cyber attacks on U.S. banks likely to continue, experts say | TribLIVE

Posted on February 9, 2013December 30, 2021 by admini

The Cyber Fighters began attacks on banks in September, claiming in statements posted to an Internet message board that they would continue until a YouTube video mocking the Islamic Prophet Muhammad was taken down. In addition to PNC, the attacks hit Citizens Bank, Fifth Third Bank and Huntington Bank in the Pittsburgh region.

Many government officials and Internet security experts have said they believe the attacks were carried out by the Iranian government or at its behest. Dave Aitel, CEO of the Miami Internet security firm Immunity Inc., said everything the Cyber Fighters wrote suggested Iran was involved. “Clearly this was state-sponsored, and the only state with an interest is Iran,” Aitel said, citing the frequent use of “proportional response” by the group to describe the attacks on banks.

Bardin said the attacks fit the standard mode of operation of Iran’s Revolutionary Guards, who “go around the world and set up proxy groups sympathetic to them.”

Link: http://triblive.com/news/allegheny/3363832-74/attacks-cyber-bank#axzz2KdfkRFjM