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Oh My!! More than 6 Million LinkedIn Passwords Stolen! June 6, 2012

Posted by Chris Mark in cybersecurity, Data Breach, Industry News.
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Change your LinkedIn password now!  According to an article on CNN, over 6 million LinkedIn passwords were stolen by Russian hackers.  LinkedIn also confirmed in their own blog post that some of the posted passwords did match LinkedIn accounts. According to the story: “The 6.5 million leaked passwords were posted Monday on a Russian online forum, camouflaged with a common cryptographic code called SHA-1 hash. It’s a format that’s considered weak if added precautions aren’t taken. Roughly half of the “hashed” passwords have already been decoded and posted online in human-readable text.”  You can read more about how Hashes are cracked using Rainbow tables in the awesome post here.

Combining Blog Content (GlobalRiskInfo / DrHeatherMark) May 31, 2012

Posted by Chris Mark in News, Politics.
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In the near term I will begin integrating blog content from Dr. Heather Mark’s privacy and payments blog. This will give new information and insight into privacy, regulatory, and information security issues. We will be combing both blogs into GlobalRiskInfo. Please stay tuned and, in the meantime,take a spin through Heather’ blog!

 

“Flame On!”- New CyberWeapon Discovered in Middle East May 28, 2012

Posted by Chris Mark in cyberespionage, cybersecurity, InfoSec & Privacy, News, terrorism.
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Complementing the post CyberEspionage, researchers have discovered a new cyberweapon.  First there was Stuxnet, then there was Duqu..now there is Flame.  Called by a researcher: “…the most complex piece of malicious software discovered to date…” the recently discovered virus is designed to capture data but can also change computer setting and turn on integrated microphones to record what is being said in the room.  Kapersky labs discovered the virus, dubbed “Flame”,  which has been lurking undetected inside of thousands of computers in the Middle East for as long as 5 years.  According to Kapersky, the countries with the most infections include Iran with the most infections followed by Israel/Palestine area, Syria, and Sudan.  According to Kapersky senior researcher Roel Schouwenberg: “The virus contains about 20 times as much code as Stuxnet, which attacked an Iranian uranium enrichment facility, causing centrifuges to fail. It has about 100 times as much code as a typical virus designed to steal financial information”(more…)

“Wowee wow wow!”; The Costs Of CyberSecurity; Part II May 15, 2012

Posted by Chris Mark in cybersecurity, Industry News, InfoSec & Privacy.
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In reading the Ponemon/Boomberg report on the costs of cybersecurity, I was shocked to see that companies would need to increase spending 700% to achieve 95% protection.  In reading closer, I was even more shocked to see that financial services companies would need to increase spending over 1,270% to achieve 95% protection. Of the 48 financial services firms surveyed the average annual security investment was $22.9 million.  To achieve the 95% goal, security investment would need to increase to $292.4 million per year.  You can see the results in an interactive chart here.

As stated in my previous post: “CyberSecurity Cold War; Spend Ourselves Into Oblivion”, it is obvious that companies cannot increase security investment 11 fold or even 7 fold.  There must be a better answer.

By the way..the “Wowee wow wow” is from Christopher Walken’ character The Continental 😉

“Communist Chinese Cyber-Attacks, CyberEspionage and Theft of American Technology” May 13, 2012

Posted by Chris Mark in cybersecurity, Data Breach.
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Since it is Mother’s day, I will not ramble on with inane commentary 😉  Instead, here is a link to the report of the same name as the blog title (too lazy to retype)…from the 112 Congress’ Congressional Hearing before the Subcommittee on Oversight and Investigations of the Committee of Foreign Affairs; House of Representatives.   It is very interesting and provides some valuable insight into IP theft.  Don’t forget to thank Mom today!