With the recent spate of major denial of service attacks shutting down high profile websites, the Department of Homeland Security has decided to fund new technology being developed by research and development firm Galois to combat large and sophisticated DDoS attacks.
The holiday season is a great time for cybercriminals to play Scrooge and spoil the fun by installing data-stealing malware on retailers' point-of-sale systems.
Starwood Hotels has admitted that it found data-stealing malware on the point of sale systems at more than 50 of its properties.
Distributed denial of service attacks are more damaging to enterprises than many experts had thought, with nearly one-third of DDoS attacks coinciding with network intrusions and more than one-quarter resulting in data loss.
IBM Security X-Force researchers have uncovered new malware, dubbed CoreBot, which steals data from apps on infected computers and other business endpoints
A trojanized version of the open source SSH software tool called PuTTY is being used to gain remote access to computers and steal confidential information, warned Symantec researcher Dumitru Stama in a blog post.
Brandon Bourret and Athanasios Andrianakis were arrested last week for creating the Photofucket tool to hack into accounts at Photobucket, a firm that operates an image and video hosting website, the U.S. Department of Justice announced.
If I might use a boxing analogy, cybercriminals are "jabbing" companies with short-duration DDoS attacks to distract them from the right-cross of a major data breach.
While much of the media coverage about data breaches focus on attacks by outside elements, many of the less publicized cases of data theft results from malicious insider actions. PwC recommends a phased approach that involves all departments in a company to prevent those insider attacks.
Cybercriminals are stealing source code for algorithms that hedge funds and high-frequency traders depend for their proprietary trading models, the Financial Times reported.