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Cybercriminal Activity – Security Industry News Wrap-up – ActivIdentity Blog

Nov 14, 2011 8:18am | 0 Comment

This week’s industry news wrap-up will focus on headline-grabbing cybercriminal activity, as well as the critical industry need for enhanced, holistic enterprise security strategies. Here are the stories that caught our attention:

Feds: Cyber Criminals Hijacked 4 Million Computers
This week, the U.S. Department of Justice indicted seven “cyber thieves” for the alleged hijacking of more than four million computers – 500,000 in the U.S. alone. Resulting in massive financial loss – more than $14 million over a four-year period – the Department of Justice has named this the biggest botnet takedown in history. After a two-year investigation, the accused hackers – known as the Rove Group – have been arrested on cybercrime charges, reports ABC News.

Enterprises Need Better Security Strategies Now

Ernst & Young’s latest annual Global Information Security Survey was published this week. Results were compiled from 1,700 survey respondents in more than 25 sectors worldwide. Report findings – which focus on security concerns in cloud computing, mobile devices and social media – reveal the increasing challenges global organizations face in combating new and complex security threats. As noted in this eSecurity Planet article, “security threats are too pervasive, persistent and costly to think about IT security after the fact.”

Security technology or staffing gap: Which is the greater enterprise challenge?
New, sobering data from Applied Research indicates that enterprises are struggling to manage DNS (Domain Name System) attacks, network layer Denial-of-Service (DoS) attacks and attacks on encrypted data. Based on a survey of 1,000 large organizations in 10 countries, the average cost of dealing with these attacks is about $682,000. Additionally, InfoWorld reports that “more than half of enterprises surveyed cited loss of productivity, 43 percent said they lost data, and 31 percent said they lost revenue as a result of these attacks.”

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