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Late To The Party, Microsoft Offers Mega Bounties For Software Bugs

Microsoft on Wednesday announced its first ever formal program to pay security researchers for finding software vulnerabilities in its newest products. The bug bounty program will launch on June 26 and be formally unveiled at the upcoming Black Hat Briefings hacker conference in Las Vegas at the end of July.  And, though late to the party, Microsoft is making up for lost time by going large. The Redmond, Washington software maker will pay researchers up to $100,000 for “truly novel” exploitation techniques that defeat protections built into the very latest version of Windows, 8.1 Preview. It will additionally pay $50,000 for ideas for defensive strategies that accompany a bypass, raising the total potential purse for an exploit and accompanying remediation to $150,000. Additionally, Microsoft announced a short-term bounty program for its Internet Explorer 11 Preview, with the company paying up to $11,000 USD for critical vulnerabilities that affect Internet Explorer […]

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Fraud Analytics: You’re Doing It Wrong!

One of the most vexing problems in computer security today is distinguishing malicious from legitimate behavior on victim networks. Sophisticated cyber criminals and nation-backed hacking groups make a point of moving low and slow on compromised end points and networks, while victim organizations are (rightly) wary of disrupting legitimate business activity for the sake of spotting a breach. In this Security Ledger Podcast, Paul interviews Jason Sloderbeck, Director of Product Management at RSA, EMC’s security division.  Jason talks about RSA’s Silvertail fraud analytics technology, and the organizational and technology issues that keep victims from spotting attacks. One of the big mistakes organizations make when they investigate attacks, Sloderbeck said, is focusing too narrowly on a point in time during a web session that is felt to be a good indicator of compromise – like when a user authenticates to a service or “checks out” on an e-commerce web site. “There’s a whole […]

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Wardriving Goes Corporate: Comcast Turning Residential WiFi Into ‘Millions of Hotspots’

One of the big challenges to the growth of the “Internet of Things” is access. It goes without saying that, without access to the Internet, almost all of the benefits of connected devices disappear. Your smart phone becomes a dumb phone. Your ‘net connected watch or running shoes or car scream into the void – trying desperately to connect to a network that isn’t there. Here in the U.S., that problem has typically been addressed by routing traffic through 3G or – depending on where you live – 4G wireless networks. However, access to those networks is spotty, especially in the sparsely populated Western U.S. According to a survey by the U.S. Federal Communications Commission (FCC), much of the Western U.S. is a 3G wasteland, with little or no access to broadband wireless networks. One solution is to tap the loose network of residential broadband subscribers, allowing them to peel […]

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Missing in Action At BlackHat: The PC

Once the target of choice for hackers of all stripes, personal computers (PC) will be -at most- a side attraction at this year’s annual Black Hat Briefings show in Las Vegas, where presentations on ways to attack mobile devices and other networked “stuff” will take center stage. Just over ten percent of the scheduled talks and turbo talks at The Black Hat Briefings in early August (5 of 47)  will be devoted to attacks against what might be considered “traditional” endpoints, like end user systems and servers running Microsoft’s Windows, Apple’s Mac OSX and Linux. By contrast, more than 30% will discuss security flaws and attacks against mobile phones or other “smart” devices including wireless surveillance cameras, home automation systems and smart meters. The dearth of PC-focused talks isn’t a new trend in and of itself. As far back as 2006, talks that explicitly discussed security issues with components of Microsoft’s […]

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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 […]

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