SecurityWeek

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.

TinKode, the Romanian behind attacks against NASA, Oracle, the Pentagon, and U.S. Army, was sentenced this week to a two-year suspended sentence, according to local media reports.

New details have emerged about the attack toolkit that was used to launch the distributed denial of service (DDoS) attacks against a number of US-based financial institutions late last month.The majority of the banking attack traffic does not appear to have been generated by client bots, but rather from compromised servers in data centers, Carl Herberger, vice-president of security solutions at Radware, told SecurityWeek on Thursday.

During a Wave of Trojan Attacks, a Virtual-machine-synching Module Would "Duplicate" Victim PCs and Use a Genuine IP Address When Compromising Accounts...A gang of cyber thugs has threatened to launch a series of Trojan attacks against at least 30 U.S. banks, according to RSA. Word of what the security firm is saying could be a "blitzkrieg-like" series of attacks was published by the RSA FraudAction Research Labs on Thursday.

MANILA - Philippine President Benigno Aquino defended a new cybercrime law Friday amid a storm of protests from critics who say it will severely curb Internet freedoms and intimidate netizens into self-censorship.

BeyondTrust has released a new version of its free “Community Edition” Retina vulnerability assessment tool. With Retina Community, enterprises can perform on-the-fly assessments without waiting for the next audit, the company said.

WASHINGTON - The United States needs to develop offensive weapons in cyberspace as part of its effort to protect the nation from cyber attacks, a senior military official said Thursday. "If your defense is only to try to block attacks you can never be successful," General Keith Alexander, director of the National Security Agency and commander of the US Cyber Command, told a Washington symposium.