article thumbnail

The Cost of Cybercrime

Schneier on Security

Really interesting paper calculating the worldwide cost of cybercrime: Abstract: In 2012 we presented the first systematic study of the costs of cybercrime. Several new cybercrimes are significant enough to mention, including business email compromise and crimes involving cryptocurrencies. and more on response.

article thumbnail

The Ballooning Cost of Cybercrime

SiteLock

The legal industry finds itself in the upper echelons of companies when it comes to the fiscal impact of a cybercrime. According to the American Bar Association’s (ABA) 2015 Legal Technology Survey, about half of firms said they had no response plan in place to address a cybersecurity breach. However, many are ignoring this risk.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Usage of TLS in DDNS Services leads to Information Disclosure in Multiple Vendors

Security Affairs

In this advisory, I aim to explore how implementing a specific security technological combination (TLS and DDNS) negatively influences the overall security, inadvertently creating opportunities for attackers to exploit weaknesses on a massive scale. For instance, suppose firewall manufacturer ACME Inc.

DNS 109
article thumbnail

GUEST ESSAY: NewsCorp hack shows cyber espionage, squelching of press freedom on the rise

The Last Watchdog

China has enclosed its national internet servers within what is colloquially called ‘the Great Firewall.’ ’ This firewall even goes as far as to block the latest versions of the encryption service TLS (v1.3) If measured as a country, cybercrime would possess the third-largest economy in the world, behind the U.S.

Hacking 243
article thumbnail

GUEST ESSAY: The case for leveraging hardware to shore up security — via a co-processor

The Last Watchdog

Second, the design of security solutions struggled to scale up properly or adapt to the technological changes in the industry, especially in disaggregated compute networks. Such a co-processor would be positioned to act as a security watchguard for the entire system and provide a pre-emptive measure to fight cybercrime.

article thumbnail

Kingston Technology Wins Coveted Global InfoSec Awards During RSA Conference 2021

CyberSecurity Insiders

the flash memory affiliate of Kingston Technology Company, Inc., We carry a full range of portable encrypted solutions for customers of all levels when data needs to go outside the firewall,” said Richard Kanadjian, encrypted USB business manager, Kingston. “We FOUNTAIN VALLEY, Calif.–( CDM is always asking “What’s Next?”

InfoSec 40
article thumbnail

The source code of Zeppelin Ransomware sold on a hacking forum

Security Affairs

Researchers from cybersecurity firm KELA reported that a threat actor announced on a cybercrime forum the sale of the source code and a cracked version of the Zeppelin ransomware builder for $500. A threat actor announced the sale of the source code and a cracked version of the Zeppelin ransomware builder for $500.