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In college, I took a required Computer Science class called “Systems Principles”. My professor started the class by listing out the seven key components in a successful system/program development process:1. Requirements2. Specifications3. Design

The Federal Trade Commission and the Bureau of Consumer Protection were attacked by AntiSec Thursday and into Friday, in response to their support and participation in ACTA, the Anti-Counterfeiting Trade Agreement, and issues with Google’s recent privacy policy changes.

Researchers at Panda Security have uncovered a botnet that not only swipes financial information, but also goes after rival malware.PandaLabs, the company’s research arm, recently detected a new bot called Ainslot.L targeting Windows machines. The malware’s primary job is to log user activities, download additional malware to take control of the system and steal log-in information related to online banking sites. But as a side bonus, the malware goes on a seek-and-destroy mission targeting other bots, including Zeus and DarkComet.

Trend Micro today announced that is has open sourced the code to its popular free security tool, HijackThis. The tool scans systems to find settings that may have been modified by spyware, malware or other programs that have wiggled their way onto a system and caused problems.

Researchers at Symantec have uncovered a fake app store for Google Android that is hosting malware designed to bilk users out of big bucks.According to Symantec, mobile malware scammers have created the fake market to host various applications that are actually Trojans used for SMS fraud.

In response to the increase in attacks on industrial control systems that power utilities, industries and critical infrastructure systems, Norway-based Norman ASA is launching a product designed to protect SCADA (supervisory control and data acquisition) systems against cyber attacks from malware such as trojans, worms and viruses—ones like stuxnet.

FishNet Security today launched a new cloud-based threat monitoring and response service aimed at helping businesses log information security events across multiple sources, reduce data leakage, and proactively respond to emerging threats and meet regulatory requirements.

Both the BATS and NASDAQ exchanges were under constant assault early this week, thanks to a flood of packets sent their way by an unknown group or person. These recent attacks are just the latest in a string of attacks that have hit the UN, CIA, and others.

The Waledec botnet, which was taken down in 2010 by Microsoft, was responsible for more spam delivery than any other botnet in its class with a reach of about 1.5 billion emails a day. Earlier this month, researchers at Palo Alto Networks discovered a third variant of the botnet, and it was serving up more than just spam.According to Palo Alto Networks, this new version “includes the ability to sniff user credentials for FTP, POP3, SMTP, and steal .dat files...

CloudCracker, a new service from security researcher Moxie Marlinspike, which expands on the platform developed for WPACracker, offers penetration testers and network auditors a way to run hundreds of millions of words against a given password to test its strength.

Microsoft released fixes for 21 security vulnerabilities as part of this month’s Patch Tuesday.The vulnerabilities are covered in nine separate bulletins, including four that are rated ‘Critical.’ The most serious of the updates is MS12-010, opined Jim Walter, manager of the McAfee Threat Intelligence Service at McAfee Labs. Aimed at Internet Explorer, the update fixes four privately reported vulnerabilities.

If you are part of a security team that spends time carefully piecing together and reviewing corporate IT security policies, this may hurt your feelings: According to a new survey jointly commissioned by Xerox and McAfee, more than half of workers don’t always follow or are unaware of their company’s security policies.

Symantec today shared some details on Symantec Control Compliance Suite 11, the next generation of its enterprise-class IT governance, risk and compliance (GRC) solution. The upcoming release features a new Control Compliance Suite Risk Manager module which enables security and risk management teams to better understand and communicate risks to the business environment from their IT infrastructure.

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Application Security

OSS Scanner sends unreviewed, model-generated vulnerability reports to open source maintainers that opt in.

Cloud Security

Artificial Intelligence

Microsoft fixed vulnerabilities across Azure and AI-branded products, with privilege escalation flaws accounting for the majority.

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