Tag Archives: Lance James

How Not to Start an Encryption Company

August 18, 2015

Probably the quickest way for a security company to prompt an overwhelmingly hostile response from the security research community is to claim that its products and services are “unbreakable” by hackers. The second-fastest way to achieve that outcome is to have that statement come from an encryption company CEO who served several years in federal prison for running a $210 million Ponzi scheme. Here’s the story of a company that managed to accomplish both at the same time and is now trying to learn from (and survive) the experience.

Lorem Ipsum: Of Good & Evil, Google & China

August 18, 2014

Imagine discovering a secret language spoken only online by a knowledgeable and learned few. Over a period of weeks, as you begin to tease out the meaning of this curious tongue and ponder its purpose, the language appears to shift in subtle but fantastic ways, remaking itself daily before your eyes. And just when you are poised to share your findings with the rest of the world, the entire thing vanishes.

This fairly describes my roller coaster experience of curiosity, wonder and disappointment over the past few weeks, as I’ve worked alongside security researchers in an effort to understand how “lorem ipsum” — common placeholder text on countless Web sites — could be transformed into so many apparently geopolitical and startlingly modern phrases when translated from Latin to English using Google Translate.

The New Normal: 200-400 Gbps DDoS Attacks

February 14, 2014

KrebsOnSecurity has been targeted by countless denial-of-service attacks intended to knock it offline. Earlier this week, KrebsOnSecurity was hit by easily the most massive and intense such attack yet — a nearly 200 Gpbs assault leverging a simple attack method that industry experts is becoming alarmingly common.

Hay Maker Seeks Cyberheist Bale Out

April 11, 2013

An Oregon agricultural products company is suing its bank to recover nearly a quarter-million dollars stolen in a 2010 cyberheist. The lawsuit is the latest in a series of legal challenges seeking to hold financial institutions more accountable for costly corporate account takeovers tied to cybercrime.