American hacker gets jail time for serial DDoS attacks

The tale of “Bitcoin Baron” reveals a worrying picture and illustrates how easy it has become to wreak havoc on the internet. A 23-year-old man from Arizona, USA, was sentenced to 20 months in jail for launching distributed denial of service (DDoS) attacks at the computer networks of Madison, the capital of Wisconsin, three years … More American hacker gets jail time for serial DDoS attacks

South Korea’s largest cryptocurrency exchange hacked

Bithumb has claimed that $31.5 million worth of virtual coins were stolen by hackers. South Korea-based cryptocurrency exchange Bithumb briefly suspended its deposit and withdrawal services after hackers stole over $30 million worth of virtual currency, the company said on Wednesday. The exchange, which is based in Seoul, conveyed the message to its followers on … More South Korea’s largest cryptocurrency exchange hacked

An acoustic attack can blue screen your Windows computer

Security researchers have demonstrated how attackers could cause physical damage to hard drives, and cause PCs to crash, just by playing sounds through a computer’s speaker. A denial-of-service (DoS) attack against your organisation’s website is bad enough, preventing customers from reaching your online presence and perhaps preventing you from processing new orders – but imagine the chaos … More An acoustic attack can blue screen your Windows computer

Trends 2018: Critical infrastructure attacks on the rise

Healthcare sectors, critical manufacturing, food production and transportation also said to be targets for cybercriminals. Cyberthreats to critical infrastructure jumped into the headlines in 2017, starting with a Reuters report in January that a recent power outage in Ukraine “was a cyber-attack”. In last year’s Trends report we said that we expected infrastructure attacks to “continue to … More Trends 2018: Critical infrastructure attacks on the rise

World’s biggest DDoS marketplace taken down, six suspected admins nabbed

For as little as $15 per month, anyone with a criminal bent could rent the services of webstresser.org to take down a targeted site. An international law enforcement operation has shut down a website widely thought to be the world’s biggest marketplace for hiring distributed denial-of-service (DDoS) attacks, according to an announcement by the United Kingdom’s National … More World’s biggest DDoS marketplace taken down, six suspected admins nabbed

Ransomware runs rampant in 2017, Verizon report finds

Social engineering attacks that involve pretexting nearly tripled on an annual basis while phishing simulations show that curiosity gets the better of 4% of people. Ransomware takes the cake as the most prevalent type of malicious software in Verizon’s latest Data Breach Investigations Report (DBIR). The US-based telecommunications company analyzed input from 67 organizations and examined more … More Ransomware runs rampant in 2017, Verizon report finds

The rise of AI needs to be controlled, report warns

Much ink, digital and otherwise, has been spilled on the vast range of extraordinary opportunities enabled by artificial intelligence (AI) and machine learning (ML). Now, a team of 26 AI experts, including from Oxford, Cambridge and Yale universities, OpenAI, and the Electronic Frontier Foundation, has zeroed in on how AI could be misused for nefarious ends – … More The rise of AI needs to be controlled, report warns