Category Archives: The Coming Storm

This category includes blog posts about computer and Internet security threats now and on the horizon.

New Findings Lend Credence to Project Blitzkrieg

December 12, 2012
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“Project Blitzkrieg,” a brazen Underweb plan for hiring 100 botmasters to fuel a blaze of ebanking heists against 30 U.S. financial institutions in the Spring of 2013, was met with skepticism from some in the security community after news of the scheme came to light in October. Many assumed it was a law enforcement sting, or merely the ramblings of a wannabe criminal mastermind. But new research suggests the crooks who hatched the plan were serious and have painstakingly built up a formidable crime machine in preparation for the project.

Espionage Attacks Against Ruskies?

December 10, 2012
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Hardly a week goes by without news of a cyber espionage attack emanating from China that is focused on extracting sensitive data from corporations and research centers in the United States. But analysis of a recent malware campaign suggests that cyberspies in that region may be just as interested in siphoning secrets from Russian targets.

MoneyGram Fined $100 Million for Wire Fraud

November 19, 2012
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A week ago Friday, the U.S. Justice Department announced that MoneyGram International had agreed to pay a $100 million fine and admit to criminally aiding and abetting wire fraud and failing to maintain an effective anti-money laundering program. Loyal readers of this blog no doubt recognize the crucial role that MoneyGram and its competitors play in the siphoning of millions of dollars annually from hacked small- to mid-sized business, but incredibly this settlement appears to be unrelated to these cyber heists.

Malware Spy Network Targeted Israelis, Palestinians

November 12, 2012
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Researchers in Norway have uncovered evidence of a vast Middle Eastern espionage network that for the past year has deployed malicious software to spy on Israeli and Palestinian targets. The discovery, by Oslo-based antivirus and security firm Norman ASA, is… Read More »

Experts Warn of Zero-Day Exploit for Adobe Reader

November 7, 2012
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Software vendor Adobe says it is investigating claims that instructions for exploiting a previously unknown critical security hole in the latest versions of its widely-used PDF Reader software are being sold in the cybercriminal underground.

The finding comes from malware analysts at Moscow-based forensics firm Group-IB, who say they’ve discovered that a new exploit capable of compromising the security of computers running Adobe X and XI (Adobe Reader 10 and 11) is being sold in the underground for up to $50,000. This is significant because — beginning with Reader X– Adobe introduced a “sandbox” feature aimed at blocking the exploitation of previously unidentified security holes in its software, and so far that protection has held its ground.

DHS Warns of ‘Hacktivist’ Threat Against Industrial Control Systems

October 26, 2012
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The U.S. Department of Homeland Security is warning that a witches brew of recent events make it increasingly likely that politically or ideologically motivated hackers may launch digital attacks against industrial control systems. The alert was issued the same day that security researchers published information about an undocumented software backdoor in industrial control systems sold by hundreds different manufacturers and widely used in power plants, military environments and nautical ships.

‘Project Blitzkrieg’ Promises More Aggressive Cyberheists Against U.S. Banks

October 8, 2012
51 Comments

Last week, security firm RSA detailed a new cybecriminal project aimed at recruiting 100 botmasters to help launch a series of lucrative online heists targeting 30 U.S. banks. RSA’s advisory focused primarily on helping financial institutions prepare for an onslaught of more sophisticated e-banking attacks, and has already received plenty of media attention. I’m weighing in on the topic because their analysis seemed to merely scratch the surface of a larger enterprise that speaks volumes about why online attacks are becoming bolder and more brash toward Western targets.

Chinese Hackers Blamed for Intrusion at Energy Industry Giant Telvent

September 26, 2012
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A company whose software and services are used to remotely administer and monitor large sections of the energy industry began warning customers last week that it is investigating a sophisticated hacker attack spanning its operations in the United States, Canada and Spain. Experts say digital fingerprints left behind by attackers point to a Chinese hacking group tied to repeated cyber-espionage campaigns against key Western interests.

Espionage Hackers Target ‘Watering Hole’ Sites

September 25, 2012
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Security experts are accustomed to direct attacks, but some of today’s more insidious incursions succeed in a roundabout way — by planting malware at sites deemed most likely to be visited by the targets of interest. New research suggests these so-called “watering hole” tactics recently have been used as stepping stones to conduct espionage attacks against a host of targets across a variety of industries, including the defense, government, academia, financial services, healthcare and utilities sectors.