Liberty Reserve is a private currency exchange system issued by Liberty Reserve S.A. Of San José, Costa Rica that was shut down by US law enforcement with a deep impact on cybercriminal underground. The popular money transfer service is used mainly by cyber criminals, it is the most adopted payment services in the Russian underground considered most active criminal community in the cyber space. Liberty Reserve, founded by Arthur Budovsky, is considered a secure payment channel by criminals due the anonymity of the transactions, it is considered the official currency schema for cybercrime.
Social Engineering hackers have used an sophisticated attack on French-speaking accounting and finance department employees. The victims were called and asked in French if they were able to process an invoice sent by e-mail.
The style of attack, known as "spear phishing," has been used against French organizations, including subsidiaries in Romania and Luxembourg.
One segment of the stock market that is widely ignored right now is the defense sector - but as contrarians know, that means there are hot stocks to buy now if you know where to look.
The reason defense is shunned is that future defense budgets will be cut to rein in government spending and hopefully reduce the U.S. budget deficit.
Many nations are struggling with where to start when it comes to clamping down on cyber crimes through legislation.
Doug DePeppe, co-founder of i2IS and a cyber security attorney, says the criminal element in cyberspace has simply exploded, well before governments had come to fully understand the cyber domain.
McAfee Labs has uncovered a zero-day vulnerability in Adobe Reader that could be exploited by hackers to track PDF file movements.
McAfee's advanced exploit detection system (AEDS) uncovered the threat on Friday, and it relates to an unpatched security flaw contained in every version of Adobe Reader, including the latest 'sandboxed' Reader XI (11.0.2).
Following the online publication of Social Security numbers and other sensitive data on high-profile Americans, the three major credit reporting bureaus say they’ve uncovered cases where hackers gained access to users’ information, Bloomberg reports. The disclosure, while probably discomforting for many, offers but a glimpse of the sensitive data available to denizens of the cybercrime underworld, which hosts several storefronts that sell cheap, illegal access to consumer credit reports.
Over 40,000 firms, including energy providers, banks and hospitals could be required to report cyber-break-ins under new rules proposed by the EU.It is part of a move to intensify global efforts to fight cybercrime.Digital agenda commissioner Neelie Kroes said that Europe needed to improve how it dealt with cybersecurity.
But firms are concerned that reporting online attacks and security breaches might damage their reputations.
The EU is keen that member states share information about attacks and shore up their cyber-defences.