SecurityWeek

Knight Capital Group says that a technical glitch within newly installed trading software caused a bit of a problem on Wednesday, causing some stocks to swing more than 10% in early trading. The snafu cost Knight hundreds of millions of dollars.According to a statement from Knight Capital, the software glitch resulted in Knight sending numerous erroneous orders in NYSE-listed securities into the market. The mistake was costly, to the tune of nearly $10 million dollars per minute.

In June, a breach disclosed by business social networking site LinkedIn resulted in a hashed password list containing some 6.5 million user passwords, forcing the company to urgently examine its infrastructure and investigate the incident that exposed some of its users.

Attack Surface Analyzer Helps Developers During the Verification Phase of the Microsoft Security Development Lifecycle (SDL) Microsoft has released the public version of Attack Surface Analyzer, a tool that determines the security of an application by examining how it affects the computer it is installed on.

The NCC Group today said it would pay up to £8.4 million (approximately $13 Million) in cash, to acquire Matasano Security, an independent security testing and research and development firm.

Barracuda Networks, the Campbell, California-based maker of security, networking and data protection solutions, has released new firmware for their Web filter customers, which adds monitoring and archiving functions for Twitter, Facebook, and other social media applications.Customers of Barracuda’s Web filtering are eligible for an upgrade to version 6.0, which includes enforcement and monitoring abilities for social media.

WASHINGTON - (AFP) - A bill aimed at protecting the United States from cyber attacks failed to advance in the US Senate on Thursday, severely denting hopes for the passage of a measure backed by President Barack Obama.

A Solid Cyber Counterattack Plan Should Be Based on The Pre-defined Actions Associated With Each Attack Tool’s Weakness

Like the Romans, We are Highly Trained and Hold Technological Superiority to Most of the Threats We Face, Yet We are Beaten by the Digital Equivalent of the Germanic “Barbarian” Tribes....

BEIRUT - (AFP) - Mobile phone and Internet services have been cut in Aleppo, Syria's second city, where a crucial battle is taking place between rebels and the army, the Syrian Observatory for Human Rights said on Thursday."Mobile telecommunications services and Internet have been cut off in the city of Aleppo since last night," it said. An activist, who asked not to be identified, confirmed that the Internet, landlines and some mobile services were down in the northern city, Syria's...

Senators Propose Non-Cyber Related Amendments To Cybersecurity Act of 2012, Including Banning High-capacity Ammunition Clips and AbortionNews Update: Cybersecurity Bill Fails in US Senate

On Sunday, security researcher Michael Coppola gave a presentation at DEF CON that explored the process of compromising routers used in SOHO (Small Office / Home Office) environments, and turning them into botnet clients.

Verizon “Redefines” VERIS, Improves Open Information Sharing Verizon Business has publicly released the data anonymously submitted by organizations to its incident-sharing program and promised changes to make the system more collaborative and useful.

Last month, Dropbox announced that they had taken on outside help in order to investigate a potential data breach. The investigation kicked off after a dozens of users reported being spammed on accounts used exclusively for the service. Twelve days later, Dropbox has now confirmed the initial speculation, saying the spam originated from a compromised employee’s account.

Following a proposal by MasterCard back in May 2012 to form a cross-industry group to help drive the adoption of EMV technology in the United States, the Smart Card Alliance on Tuesday announced the formation of an independent, cross-industry

Experienced, mid-level employees may be the ones to watch when it comes to insider fraud in financial organizations, according to a recent report from Carnegie Mellon University.