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Romanian Hacker Aims to Protect World's ATMs

May 17, 2013 | by Radu Marinas | Comments

Valentin Boanta, sitting in his jail cell, proudly explains the device he has invented which, he says, could make the world's ATMs impregnable even to tech-savvy criminals like himself. Boanta, 33, is six months into a five-year sentence for supplying gadgets an organized crime gang used to conceal ATM skimmers, which can copy data from an unsuspecting ATM user's card so a clone can be created.

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Lawmakers Introduce Bill Requiring Court Order to Seize Phone Records

May 17, 2013 10:23 am | by Kim Zetter | Comments

In the wake of the AP scandal, in which federal investigators obtained the phone records of journalists using only a subpoena, four lawmakers have introduced legislation in the House that would prevent federal agencies from seizing any phone records without a court order.

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Carbon Black Teams with VirusTotal to Improve Malware Detection

May 16, 2013 9:32 am | by Ryan Murphy | Comments

Carbon Black and VirusTotal has announced an official partnership to help improve malware detection as part of the Carbon Black Alliance. Well known in the information security world, VirusTotal is a free, online service that analyzes files and URLs, enabling the identification of viruses, worms, trojans and other kinds of malicious content.

Cops Should Get Warrants to Read Your Email, AG Says

May 16, 2013 8:46 am | Comments

Attorney General Eric Holder became the White House’s highest ranking official to support sweeping privacy protections requiring the government, for the first time, to get a probable-cause warrant to obtain email and other content stored in the cloud. Holder, who was speaking at a Justice Department oversight hearing, said that warrants are unnecessary for non-criminal investigations.

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White House Releases Benghazi Emails

May 16, 2013 8:30 am | by Jeff Mason | Comments

The White House sought to defuse controversy over its handling of last year's killing of four Americans in Benghazi, releasing emails that show how Obama administration officials presented a scrubbed-down version of the attacks to the public.

IC3 2012 Internet Crime Report Released

May 15, 2013 3:24 pm | Comments

The Internet Crime Complaint Center (IC3) has released the 2012 Internet Crime Report — a summary of reported fraudulent activity, including data and statistics. In 2012, the IC3 received and processed 289,874 complaints, averaging more than 24,000 complaints per month. Unverified losses reported to IC3 rose 8.3 percent over the previous year.

LulzSec, Pirates Having Fun

May 15, 2013 11:19 am | by David Wilcock | Comments

Computer hackers who considered themselves to be "latter-day pirates" led sophisticated cyber attacks on websites and systems of major institutions including the CIA, Sony, the FBI and Nintendo, a court has heard. Britons Ryan Ackroyd, Jake Davis, Mustafa Al-Bassam and Ryan Cleary were "hactivists" with the LulzSec collective.

US Cyber Command Head General Alexander to Keynote Black Hat USA 2013

May 15, 2013 11:02 am | Comments

Major information security event Black Hat has announced that General Keith Alexander — Commander, U.S. Cyber Command/Director, National Security Agency/Chief, Central Security Service (NSA/CSS) — will present the Day One keynote address at Black Hat USA 2013 in Las Vegas this July. 

Software Spots, Isolates Cyber Attacks

May 15, 2013 10:49 am | by Matt Shipman | Comments

Researchers from North Carolina State University have developed a software algorithm that detects and isolates cyber attacks on networked control systems – which are used to coordinate transportation, power and other infrastructure across the United States.

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After ATM heist, India's IT Sector Again in Unwelcome Spotlight

May 15, 2013 10:33 am | Comments

A breach of security at two payment card processing companies in India that led to heists at cash machines around the world has reopened questions on the risks of outsourcing sensitive financial services to the Asian nation. Any perception that data may be less safe in India is unwelcome for an industry that faces an undercurrent of hostility for taking away jobs in the West, home to most of its clients.

FBI Calls for Cooperation with Banks on Cyber Attacks

May 14, 2013 10:45 am | by Joseph Menn | Comments

The FBI last month gave temporary security clearances to scores of U.S. bank executives to brief them on the investigation into the cyber attacks that have repeatedly disrupted online banking websites for most of a year. The extraordinary clearances reflect some action after years of talk about the need for increased cooperation between the public and private sectors on cybersecurity.

Stock Fraud Ring Organizer Sentenced for Hacking Prices

May 14, 2013 10:29 am | Comments

The central organizer of a worldwide conspiracy to manipulate stock prices through a botnet network of virus-controlled computers was sentenced today in Trenton federal court to 71 months in prison. Christopher Rad, 44, of Cedar Park, Texas, was previously convicted, following a nine-day jury trial.

US Government Probes AP Phone Records

May 14, 2013 9:45 am | by Mark Sherman | Comments

The Justice Department secretly obtained two months of telephone records of reporters and editors for The Associated Press in what the news cooperative's top executive called a "massive and unprecedented intrusion" into how news organizations gather the news.

Cyber Attacks against US Corporations on the Rise

May 13, 2013 4:31 pm | by David Sanger and Nicole Perlroth | Comments

A new wave of cyber attacks is striking American corporations, prompting warnings from federal officials, including a vague one issued by the Department of Homeland Security. This time, officials say, the attackers’ aim is not espionage but sabotage, and the source seems to be somewhere in the Middle East. 

US Cyberwar Strategy Stokes Fear of Blowback

May 13, 2013 2:07 pm | by Joseph Menn | Comments

Even as the U.S. government confronts rival powers over widespread Internet espionage, it has become the biggest buyer in a burgeoning gray market where hackers and security firms sell tools for breaking into computers. The strategy is spurring concern in the technology industry and intelligence community.

Social Network Analysis, Predictive Coding Fights Fraud

May 13, 2013 1:43 pm | by Rutrell Yasin | Comments

Economic and budget realities have turned the spotlight on fraud, waste and abuse across federal, state and local government organizations, and agencies are employing new technologies that can detect collusive relationships and combat some of the more sophisticated fraud schemes.

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