Business

Illiquid: Liberty Reserve Gone, Cybercrooks Look For Alternatives

Now that authorities in Spain, Costa Rica and the U.S. have taken down online money transfer service Liberty Reserve, the cyber underground is facing a serious liquidity crunch, as criminal gangs, botmasters, spammers and malicious hackers look for a safe platform on which to transact business. But finding a ready substitute may not be easy, with Liberty Reserve’s close competitors showing less tolerance of its “no questions asked” account creation policy, and less scrupulous outlets wary of the long arm of the U.S. Justice Department. Liberty Reserve (libertyreserve.com) went offline on Friday along with dozens of other domains operated by its founder, Arthur Budovsky – a.k.a. “Arthur Belanchuk” a.k.a “Eric Paltz.” Budovsky was arrested in Spain on May 24th. Spanish authorities acted at the request of authorities in Costa Rica, where Budovsky had set up shop, and the U.S. A three-count criminal complaint filed there by the U.S. Attorney for the […]

Continue Reading

IT Security A Major Stumbling Block To Smart Manufacturing

The Internet of Things holds tremendous promise for the manufacturing space. But smart factories may still be more than a decade away, due in part to a lack of solid IT security controls, according to a survey of 1,300 German manufacturing firms and academics. The survey of 1,300 members companies and universities by the German Association for Electrical, Electronic, and Information Technologies (VDE) found that only 20% anticipated adoption of “smart production” (or “Industry 4.0” – as its referred to) by the start of the next decade. In contrast, 70% of those surveyed doubted that smart manufacturing goals would be achieved by 2025, despite obvious advantages. Why the skepticism? One commonly cited reason is a lack of strong IT security. According to a write-up on SAP’s blog, IT security was the most oft-cited obstacle to setting up smart factories. Sixty six percent of those surveyed cited security concerns as a reason to […]

Continue Reading

Update: Researchers Use Weezer Tune To Knock Defibrillators Offline

Editor’s Note: This article has been updated to include comment from Medtronic and from the researchers. A bit more on that: I spoke to the fine researchers who conducted this study. They are concerned that people might casually read the headline or first couple paragraphs and conclude that listening to Weezer will kill them. Listening to Weezer will not kill you. Listening to Weezer will not interfere with your implanted defibrillator if used under normal conditions. Their experiment (and my article) make this clear, but you do have to  read down a bit in the article to get that, and I know not everyone does that. In any case, the health benefits of using an implanted defibrillator in accordance with your doctor’s instructions, far outweigh any risk from EMI or other electronic tampering. – PFR 5/22/2013. Listening to Weezer could kill you. Literally. That’s the conclusion of an unusual experiment […]

Continue Reading

Traffic Safety Agency Calls Vehicle Cyber Security Standards

The U.S. Government’s lead agency for vehicle safety has told Congress that more research into “vehicle cyber security” to address the threats to a coming generation of networked automobiles that connect to the public Internet and to each other. In testimony before Congress on Thursday,  David Strickland, the chief Administrator for the National Highway Traffic Safety Administration (NHTSA) told a Senate Committee that the electronics systems are “critical to the functioning” of modern autos, and are becoming increasingly interconnected, leading to “different safety and cyber security risks.”  The agency is requesting $2 million in the 2014 budget to research “vehicle electronics and emerging technologies” with an eye to developing requirements for the safety and reliability of vehicle controls. “With electronic systems assuming safety critical roles in nearly all vehicle controls, we are facing the need to develop general requirements for electronic control systems to ensure their reliability and security,” Strickland […]

Continue Reading

AppSec And The Ghost In The Supply Chain

Tomorrow afternoon, Security Ledger, with help from our sponsor Veracode, will record its first video conversation. The show’s name: Talking Code (#talkingcode). The topic: application security, and – in particular – securing the supply chain. Joining me for the discussion will by Chris Wysopal, the co-founder and CTO of Veracode and Joshua Corman, the Director of Security Intelligence at Akamai Inc. Two things: you can send us questions or comments on Twitter. Our discussion will be filmed in studio, not live, but we’ll be tweeting comments live and engaging in realtime via Twitter. Just use the hashtag #talkingcode to pose questions. Say the term “supply chain,” and people immediately think of automobile and electronics manufacturers, who must assemble products from components makers scattered around the globe. These days, however, its not just manufacturers who have to worry about supply chains. Almost every company has a “supply chain” in one form or […]

Continue Reading
1 … 176 177 178 179 180 … 188