How China’s cybercrime underground is making money off big data

Intel 471 writes: Both of these things are true: Big data is big business, and cybercriminals love money. So it shouldn’t be a surprise that these two ideas have blended together in some corners of the cybercrime underground. Through Intel 471’s observation and analysis of open source information and behavior on multiple closed forums,...

The Case For and Against Criminalizing Ransomware Payments

Stuart Reed, UK Director, Orange Cyberdefense, writes: … Let’s first look at the reasons why ransomware payments should be made illegal. First, the obvious. Ransomware payments essentially fund cybercrime, and this is why ransomware attacks are becoming more common. There is no doubt that paying out leads to more attacks. On the other...

Jp: 231 people’s data likely stolen in cyberattack on Cabinet Office

Tatsuya Sudo and Hidemasa Yoshizawa report: A file-sharing server used by the Cabinet Office and Cabinet Secretariat officials was illegally accessed and the personal information of hundreds of people may have been stolen, the Cabinet Office revealed on April 22. The top government offices use the server to share files with outside organizations. The...

As States Offer Data Breach ‘Safe Harbors,’ Not All Companies Are Receptive

Victoria Hudgins reports: While federal lawmakers might be hesitant to enact national data privacy legislation, some states are quickly moving to define reasonable cybersecurity—and protect those that adhere to them. But even as legislators extend “safe harbor” protections to encourage cybersecurity, lawyers noted some companies might ignore the incentive to avoid burdensome responsibilities.  For companies that are already...