Category: News

The paper, called “Economics of Information Security Investment in the Case of Simultaneous Attacks” breaks threats into two categories: distributed attacks, which come in the form of virus, spyware and spam, and targeted attacks from a hacker, said professor Qing Hu.

“No matter how much they spend on security, the budget is always low relative to the potential loss,” Huang said.

Targeted attacks have generally been shown to cause more financial damage than distributed attacks.

For enterprises, “we’ve gone past the time when people just attacked us as a game,” Behara said.

Huang and Hu will present the paper at the University of Cambridge during the Workshop on the Economics of Information Security, which runs from June 26 to June 28.

http://infoworld.com/article/06/05/19/78509_HNholesinapproach_1.html

Blue Security, while working on getting back on-line, started posting on a TypePad blog.

http://www.xatrix.org/article.php?s=4383

For 2006, security is no longer the most pressing of the IT issues; it does, however, remain a major consideration. Security affects many aspects of IT — operational, complexity and risks of IT systems and measurement of value, to name just a few examples. If an organisation had a separate IT security department, this department would be solely responsible for not only the selection and maintenance of IT security solutions, but also for approving the new solutions requested by the IT department and the rest of the business. This responsibility is taken away from the IT department, leaving it to concentrate on fulfilling the organisation’s objectives.

http://amch.questionmarket.com/jsc/jsc.html?s=19&c=16325408&v=240460&

One major fear of port officials throughout the world is that an oil tanker could be commandeered and used as a weapon of mass destruction, said Alex Genin, chief executive and president of VIP Systems.

SkyPort International, a secure broadband satellite communications provider that is working with VIP on the system, has a contract with one company that had a vessel commandeered by pirates on the open seas in Asia.

http://www.chron.com/disp/story.mpl/business/3858026.html

A research paper presented by Microsoft’s lead anti-virus researcher, Tony Lee, described the existing process of manual human malware analysis as “inefficient and inadequate” and suggested an ambitious method that combines runtime behavior analysis, static binary analysis and adaptable algorithms to automate classification. “[We believe] that an effective classification method can serve better detection, cleaning and analysis solutions,” Lee said.

http://www.eweek.com/article2/0,1895,1961132,00.asp

Identify fraud and theft costs the community an estimated $1 billion every year.

http://www.computerworld.com.au/index.php/id;1149476917;fp;16;fpid;0