SecurityWeek

WASHINGTON - Chinese tech giant Huawei on Monday called a congressional report warning of security risks from its telecom equipment "an exercise in China-bashing" as US lawmakers held firm to their allegations.

Symantec has pulled back some of the covers from the Proxybox botnet. Symantec researchers revealed that their monitoring of the botnet's command-and-control server during the last few months shows the botnet controller tries to keep the size of the botnet at around 40,000 active users at any given time. The threat is comprised of three components: a dropper, the payload and a rootkit.

Late Sunday, a report surfaced from the US House Intelligence Committee, compiled after nearly a yearlong investigation, that said two Chinese telecom equipment makers "cannot be trusted" to be free of influence from Beijing and could be used to undermine US national security.

Crime may not always pay, but it is always costly. At least that is the case for companies in the U.S., according to a new HP-commissioned report from the Ponemon Institute. In an analysis of attacks impacting 56 sample companies during the first seven months of the year, researchers discovered the financial impact of cyber attacks has increased nearly 40 percent since 2010.

GENEVA - The United States will oppose any major revision to 24-year-old global telecommunications regulations at an international conference in December, the head of the US delegation said Monday, insisting the Internet must remain free and open.

New Offerings Help Better Manage and Secure Corporate and Personal Mobile Devices Across The Enterprise Verizon has expanded its portfolio of “Enterprise Mobility as a Service” offerings to provide additional support for managing a wide range of applications, access options and devices, including smartphones, tablets and laptops.

In case you were not aware, October is National Cyber Security Awareness Month, an initiative designed to “engage and educate public and private sector partners through events and initiatives with the goal of raising awareness about cybersecurity.” 

BEIJING - Beijing on Monday urged Washington to "set aside prejudices" after a draft Congressional report said Chinese telecom firms Huawei and ZTE were security threats that should be banned from business in the US.

NullCrew, known for their attack against the University of Cambridge last month, as well as Sony’s mobile division, has now targeted one of the U.K.’s largest mobile operators, leaking email addresses and database schemas.

Michael W. Baxter, 62, a former network engineer for Verizon Wireless, took advantage of flaws in the company’s procurement process to obtain access to millions of dollars in Cisco equipment, which he then sold in order to fund what authorities call a lavish lifestyle.

Committee Says Chinese Telcoms Failed to Provide Adequate Answers On Relationship With Chinese GovernmentWASHINGTON - Chinese telecom giants Huawei and ZTE pose a security threat to the United States and should be barred from US contracts and acquisitions, a yearlong congressional investigation has concluded.

MANILA - Hackers incensed by the Philippines' controversial cybercrime law have attacked government sites that deliver emergency information during natural disasters, an official said Saturday.