Illegal transactions on the internet have long been conducted in the cryptocurrency bitcoin. But underground vendors are accepting new kinds of virtual currency that may be safer to store and offer more privacy protections, according to a new study of 150 dark web markets and forums.
In separate cases, two hackers have either pleaded guilty or been sentenced to serve jail time in part for launching or facilitating DDoS attacks. One defendant, John Kelsey Gammell, was unmasked after taunting a former employer over the "ongoing IT issues" his DDoS attacks were causing.
The browser is the window to the web. But what's going in the background during that browsing is opaque to most users. A new experiment shows how the computing power of tens of thousands of computers could be unknowingly harnessed to crack passwords, harvest cryptocurrencies or conduct DDoS attacks.
Internet of things security alert: An attacker has been attempting to infect hundreds of thousands of Huawei home routers with a variant of the notorious Mirai malware called Satori, security researchers warn. Huawei has confirmed the flaw and issued patches and workarounds for affected users.
A British teenager has avoided jail time after pleading guilty to thousands of DDoS disruptions against Amazon, Netflix, NatWest Bank and others. Separately, a U.S. man has pleaded guilty to launching DDoS attacks on behalf of Lizard Squad and PoodleCorp, among other offenses.
Bitcoin: Is it the future of cash, a legitimate speculative instrument or a Ponzi scheme in easy-to-consume digital form? Despite the outstanding questions, investors and cybercriminals alike continue to amass cryptocurrencies. Both groups face perils.
In the year ahead, cyber threats to the healthcare sector will continue to evolve from attacks primarily involving the theft of health data to assaults aimed at disrupting organizations' operations, predicts Sean Murphy, CISO of health insurer Premera Blue Cross.
The financial sector is under increasing threat from cybercrime syndicates, and the distributed nature of today's predominantly Russian-speaking attackers is making them tough to disrupt, says Rob Wainwright, director of Europol.
A 21-year-old man appeared in British court this week to face 11 charges, including using DDoS attacks to disrupt sites run by Google, Pokemon and Skype, as well as money laundering and selling malware and "crypting services."
DataBreachToday Executive Editor Mathew J. Schwartz's examination of the growing threats facing the critical energy sector leads the latest edition of the ISMG Security Report. Also in this report: A discussion of safeguarding the telehealth marketplace.
Security companies are warning that a global attack using compromised IoT devices may be coming soon. Check Point says one million organizations are running a device infected with IoTroop, also known as Reaper, which is botnet code that perhaps is related to Mirai but spreads in a much different way.
The FBI is asking all U.S. victims of DDoS attacks to please come forward. The bureau's plea for more information from cyberattack victims parallels similar requests made this week by British authorities speaking at ISMG's Fraud and Breach Prevention Summit in London.
Given the current threat environment, it's urgent that organizations add technical experts to their boards of directors to help ensure the development of effective cybersecurity strategies, says Art Coviello, retired chairman of RSA.
The U.S. Treasury Department has announced sanctions against 11 individuals and organizations linked to Iran, some of whom have been accused of helping to launch distributed denial-of-service attacks against dozens of U.S. banks from 2011 to 2013.
Admitted Mirai malware attacker Daniel Kaye has been extradited from Germany to the United Kingdom, where he faces charges that he launched DDoS attacks and extortion attempts against the U.K.'s Lloyds Banking Group and Barclays banks.