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APTs/cyberespionage, Finance, Security News

NYSE not susceptible to takedown like New Zealand exchange

After a new threat group claiming to be Fancy Bear and the Armada Collective used a DDoS attack to take down the New Zealand stock exchange, security experts say millions of dollars in infrastructure investment make it unlikely that major stock exchanges in New York, London or Hong Kong would suffer a similar take down,…
Perspectives

Get ready for the next DDoS attack

When the first DDoS attack took place more than 20 years ago, the intent was to disrupt a university, not necessarily cause economic or physical damage. But it was so successful that we saw repeat attacks on major global websites, including Amazon, Yahoo and CNN. Today, DDoS has become one of the more damaging cyberthreats…
Akamai NOCC
Coronavirus, Security News, Website/Web Server Security

Rise in DDoS attacks lost in pandemic

Though they might get lost in all the other security threats exacerbated by the Covid-19 pandemic, DDoS attacks, unsurprisingly, ticked up during the first part of 2020, most handily absorbed by the internet backbone – and the defensive efforts of targeted companies. Disruptions at AT&T, Sprint, T-Mobile and Verizon and streaming companies in mid-June stoked…
Security News

Resilience improved, but response dragged down by too many tools, too few playbooks, report says

While cybersecurity resilience has largely improved over five years, most organizations – 74 percent – say their security response plans are ad-hoc, applied inconsistently or are non-existent even as 13 percent say their ability to contain an attack has declined, a report on resiliency found. Organizations have too many security tools and not enough specific…
Ransomware, Security News

‘Mirai’ botnet successors’ co-developer sentenced to 13 months

A 21-year-old man has been sentenced to serve 13 months in federal prison for his role in creating the Satori DDoS botnet, which descended from Mirai IoT malware, announced U.S. Attorney Bryan Schroder in Anchorage, Alaska. Kenneth Currin Schuchman, 22, of Vancouver, Wash., was sentenced today by Chief U.S. District Judge Timothy M. Burgess, after…
Events, InfoSec World 2020, Security News

Cracking the cyber liability code leads to better insurance coverage

The cyber insurance market continues to evolve and mature with coverage enhancements, along with an abundance of carriers. With so many carriers entering the market, it’s more important than ever for companies to take their time and read the fine print. In their session Tuesday at InfoSec World 2020, “Cracking the Cyber Liability Code,” two…
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