Articles Tagged with ''cyber espionage''

JPMorgan Chase and at least four other financial institutions were hacked recently in a series of coordinated attacks, and investigators believe Russian hackers were the source of the attacks, a federal law enforcement official told USA Today.  What is less clear is whether the attacks were prompted by U.S. sanctions against the Russian government.

As the number of cyber attacks increase, the cost, frequency and time to resolve them increases as well. Conducted by the Ponemon Institute and sponsored by HP Enterprise Security Products, the 2013 Cost of Cyber Crime Study found that the average annualized cost of cybercrime incurred by a benchmark sample of U.S. organizations was $11.56 million, representing a 78-percent increase since the initial study was conducted four years ago.

U.S. Representative Mike Rogers (R-MI) is hard at work in Washington D.C., despite Congressional recess, when other lawmakers have returned to their respective districts and even the President and his family escape the heat to a vacation destination. 

MBR-related malware reports increased 30 percent in the first quarter, and McAfee Labs note a resurgence in social media worms as well.

Despite court rulings, recent documents imply that FBI agents might be reading electronic communications without obtaining a search warrant. 

The latest report of Chinese cyber-espionage hits U.S. defense computers as the nation increases its defense budget and works to build an aircraft carrier fleet and stealth planes. 

Even though the majority of data breaches continue to be the result of financially motivated cybercriminal attacks, cyberespionage activities are also responsible for a significant number of data theft incidents.

Hundreds of terabytes of data have been stolen from U.S. and other foreign companies and governments, Mandiant's report states.