Tuesday, April 5, 2011

Outpost24 Security News April 1 2011

ata Breach Costs Rise: According to researchers at the Ponemon Institute and Symantec, the cost of a data breach rose for the fifth straight year to an average $7.2 million per incident, up 7 percent from 2009. That's $214 for every compromised customer record breached. The most expensive breach reported in 2010 was $35.3 million, and the least expensive was $780,000, both up from the previous year. A key factor in the rising cost is the fact that criminals account for a larger share of the data breaches and they are significantly more expensive to contain and fix. 

Is Hacktivism the same as Cyber-Terrorism?: When a 22 year old Newcastle resident was branded a terrorist under Australian law for co-ordinating an internet attack by Anonymous members in reaction to the Internet Censorship Bill, University of NSW law researcher Keiran Hardy responded by stating that the boundaries between what is considered a protest, a criminal activity or terrorism online are becoming increasingly blurred. In his article, 'Operation Titstorm: Hacktivism or Cyber-Terrorism?', published this year, Hardy examines whether online protests could be prosecuted as acts of terrorism under the Commonwealth criminal code. 

Average UK Business losing £10,000 yearly to Cyber Crime: The average UK business is losing £10,000 a year thanks to cyber espionage, extortion and other forms of online fraud. This information was revealed through the first joint Government and industry report into the extent and cost of cyber crime across the UK, launched by the Office of Cyber Security and Information Assurance in the Cabinet Office and information intelligence experts Detica. The cost to the economy, estimated at £27bn, is significant and likely to be growing. 

Cyber Attacks Threaten Oil & Gas Security: Through an article featured in Security Advisor Middle East, Mohamed Rizvi, Manager, Information Security and Advisory Services at eHosting DataFort demonstrates the main threats to oil and gas security across the MENA region, stating that while cyber threats mainly focus on organizational data or classified information and that these attacks affect critical infrastructure which is common for all sectors. This includes connectivity between offshore refineries and the main offices via Internet to transmit data to local networks.

Biggest Single Source of Global Spam: Spam volumes have returned to normal following a holiday lull that saw a drastic reduction of junk mail. The Rustock botnet, which specializes in spamvertising unlicensed pharmaceutical websites, is once again "spewing copious volumes of useless junk mail courtesy of hundreds of thousands of compromised Windows machines." Its return on January 10th resulted in the doubling (98 percent increase) of global junk mail volumes over the course of just 24 hours according to MessageLabs.

No comments:

Post a Comment