Social Networks

Europol Warns of Internet of Things Risk

In a newly released report, Europol’s European Cybercrime Center (EC3) warns that the growth of the Internet of Things (IoT) threatens to strengthen the hand of organized cyber criminal groups and make life much more difficult for police and governments that wish to pursue them. EC3’s latest Internet Organized Crime Threat Assessment (iOCTA) says the “Internet of Everything” will greatly complicate the work of law enforcement creating “new opportunities for everything from cyber criminals to state actors to child abusers. The growing numbers of connected devices will greatly expand the “attack surface” available for cyber criminal activity, the EC3 warns. Cyber criminals may co-opt connected devices for use in common criminal activity (like denial of service attacks and spam campaigns). However, advancements like connected (“smart”) vehicles and infrastructure create openings for large scale and disruptive attacks. The report, which was published late last months, is a high level position paper and pulls data mostly […]

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Update: Facebook awards $50K Internet Defense Prize for Work on Securing Web Apps

Saying that research dollars for cyber security are disproportionately devoted to work on “offensive” techniques (like hacking), social media giant Facebook has awarded two researchers  a $50,000 prize for their work on cyber defense. The company announced on Wednesday that Johannes Dahse and Thorsten Holz, both of Ruhr-Universität Bochum in Germany for their work on a method for making software less prone to being hacked. The two developed a method for detecting so-called “second-order” vulnerabilities in Web applications using automated static code analysis. Their paper (PDF here) was presented at the 23rd USENIX Security Symposium in San Diego. In a blog post announcing the prize, John Flyn, a security engineering manager at Facebook, said the Internet Defense Prize recognizes “superior quality research that combines a working prototype with significant contributions to the security of the Internet—particularly in the areas of protection and defense.” Dahse and Holz’s work was chosen by a panel […]

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Researchers Sidestep Paypal Two-Factor Authentication

Researchers at DUO Security claim to have found a way of bypassing a two factor authentication feature that secures logins to Paypal.com, eBay’s online payment service. The vulnerability could allow an attacker who has stolen a Paypal customer’s user name and password to gain access to the account, even though the customer had enabled the more secure two-factor authentication option. DUO described the problem in a blog post early Wednesday. According to researcher Zach Lanier, Paypal has published an API (application program interface) for its Security Key two-factor authentication technology that contains a vulnerability that would allow even a non-technical hacker to bypass the second factor when accessing a Paypal customer’s account. An attacker only needs a victim’s PayPal username and password in order to access a two-factor protected account and send money. “The protection offered by the two-factor Security Key mechanism can be bypassed and essentially nullified,” the company wrote in […]

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Survey: Consumers Growing Wary of Information Sharing

A survey by the business information service Lexis Nexis finds that consumers have grown more wary of programs that ask them to share data in exchange for improved services or other offerings. Editor’s note: LexisNexis has clarified that its survey was released in August, 2013, not October, 2013. The story has been corrected to reflect that information. – Paul 6/4/2014 The survey of  2,072 consumers, aged 21 to 74, was conducted in October 2013 by LexisNexis Risk Solutions. It found consumers were more wary of sharing information online, including at social networking and online banking sites than they were three years earlier. “Consumers are less comfortable with information sharing than three years ago,” the survey concluded. The survey was released in concert with Telematics Detroit 2014, a conference focused on information systems used in vehicles. It was designed to measure consumers’ awareness of- and interest in so-called “use based insurance” (or UBI) – sometimes referred […]

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FireEye Report: Iranian Hacker Group Becoming More Sophisticated

A report from the security firm FireEye claims that hacking crews based in Iran have become more sophisticated in recent years. They are now linked to malicious software campaigns targeting western corporations and domestic actors who attempt to circumvent Internet filters put in place by the ruling regime.   The report, dubbed “Operation Saffron Rose,”(PDF)  was released on Tuesday. In a blog post accompanying the research, FireEye researchers say that it has identified a group of hackers it is calling the “Ajax Security Team” that appears to have emerged out of Iranian hacker forums such as Ashiyane and Shabgard. Once limited to website defacements, the Ajax team has graduated to malware-based espionage and other techniques associated with “advanced persistent threat” (APT) style actors, FireEye said. The researchers claim that the group has been observed using social engineering techniques to implant custom malware on victims’ computers. The group’s objectives seem to align with those […]

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