Early Stuxnet Variant Discovered

By Robert Vamosi | 2/26/13 7:16 AM

In his keynote speech this morning at the RSA Conference 2013, Francis deSouza, president of products and security systems at Symantec, announced that his company had found a missing piece to the Stuxnet mystery: prior existence of the malware.

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Hacker Gang Farms 0-Days

By Robert Vamosi | 9/10/12 5:46 AM

The gang of criminal hackers that hit Google two years ago continues, according new research.

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Cybercrime Losses Soar in 2011 -- Or Did They?

By Robert Vamosi | 9/5/12 4:01 AM

Symantec's new cybercrime report states that cybercrime costs $110 billion in direct financial loss based on a self-reported survey of 13,000 participants, across 24 countries, ages 18-64, but that loss number might now be taken with a grain of salt.

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Mocana Secures $25 Million in New Funding

By Mocana | 8/23/12 4:00 AM

San Francisco, CA – July 10, 2012 – Mocana, a leader in smart device security, today announced it has completed a $25 million round of Series D funding to scale the company’s Mobile and Device Security Platform, a software and network services solution for securing connected devices and the information, applications and services that run on them. Trident Capital led the new round, which also included participation from current investors Intel Capital, Shasta, Southern Cross and Symantec. J. Alberto Yépez, Trident Capital managing director, will join the Mocana board of directors.

“The number of connected devices and mobile applications is exploding, presenting new security risks for everything from tablets and smart phones to MRI machines and smart meters,” said J. Alberto Yépez, managing director for Trident Capital. “Mocana is poised to own this fast-growing, multi-billion dollar market as it possesses deep intellectual property, a global roster of premier clients and an experienced team with a proven ability to execute. We look forward to supporting Mocana to help it seize this significant market opportunity.”

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The Myth Of That $1 Trillion Cybercrime Figure

By Robert Vamosi | 8/2/12 2:13 AM

There's an article on ProPublica dissecting two commonly quoted figures about cybersecurity: $1 Trillion in losses due to cybercrime itself and $388 million in IP losses for American companies. Both figures, according to the article are hyperbole to say the least.

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Gen. Alexander: Cybercrime is 'the greatest transfer of wealth in history'

By Robert Vamosi | 7/11/12 1:48 AM

In an address before the American Enterprise Institute (AEI) last Monday, the Director of the National Security Agency (NSA) U.S Army General Keith Alexander said cybercrime is "the greatest transfer of wealth in history," referring to the relative ease in which criminals can loot a victim's account through online practices.

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Android Botnet Claims Questioned

By Robert Vamosi | 7/10/12 3:15 AM

Steven Doherty of Symantec is bucking the trend by questioning whether an Android-based botnet has been seen in the wild after spam promoting stocks, finance, and pharmaceuticals was seen by other researchers to have come from a compromised Android-based Yahoo Mail app.

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Printer Virus?

By Robert Vamosi | 6/22/12 2:53 AM

Printer behaving a little strange? It might be infected with a Trojan horse.

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Duqu: Son of Stuxnet

By Robert Vamosi | 10/18/11 4:10 AM

It had to happen: Someone has released the next-step toward the next-generation Stuxnet virus, although the target of this new virus is yet unclear.

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Cybercrime Losses More Than Drug Profits Says Symantec

By Robert Vamosi | 9/8/11 6:39 AM

Update: 08/02/12 The $388 billion cited Symantec has been discredited. According to ProPublica, “The report was not actually researched by Norton employees; it was outsourced to a market research firm, StrategyOne, which is owned by the public relations giant Edelman.”

In his classic 1984 novel Neuromancer and other early works, William Gibson used an analogy to the drug cartels to describe the organizational structure of "data cowboys" "rustling data" on the yet-to-be-invented "cyberspace." More than a quarter century later, one security vendor thinks Gibson might have gotten the parallel right.

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