Kaspersky Labs is one of a group of European IT security companies that has been talking about floating since at least 2007. But Eugene Kaspersky, the company’s founder and majority shareholder, has now announced the company is planning to stay private after all.
He is buying back the 20 per cent stake General Atlantic bought in the company a year ago, and preserving all the freedom and flexibility that unlisted status affords. Read more
So it begins. Infosec, a UK-based IT security company has said it will no longer be selling RSA’s SecurID tokens, following news that the authentication devices had been hacked and used in an attack against defence contractor Lockheed Martin. Read more
In the year since Google revealed that some of its prize intellectual property had been stolen by hackers it associated with the Chinese government, the private sector and the FBI have increased their efforts on cybersecurity. But it isn’t nearly enough, according to outside experts including an influential panel of advisors. Read more
Normally in the business of making others embarrassed, Nick Denton’s Gawker Media empire had some awkward explaining to do itself on Monday after hackers breached the database containing hundreds of thousands of usernames and passwords that people used to comment on the sites in the network.
Gawker executives, who had initially denied the breach, were forced to reverse course and apologise after the hackers posted a large batch of the passwords online. The intruders also took Gawker’s own source code and perused internal chats and employee e-mails, which in turn provided log-in credentials for Google Apps, taking a similar trajectory to the 2009 electronic break-in at Twitter that unearthed sensitive financial information. Read more
Most of the organised hacking rings aiming at bank fraud these days are stealing login credentials and then taking advantage of the relatively recent opportunities provided by online account access, wire transfers and other means for mis-shipping electronic funds.
But a newly discovered Russian group was using networks of compromised personal computers and techniques for hacking into databases to write $9m in counterfeit checks, thought until now to be the purview mainly of old-time loners. Read more
Personal Tech in the FT’s Business Life section this week takes a look at anti-virus software:
Add one certainty to death and taxes. If you connect a PC to the internet, sooner rather than later it will become the target of a virus or other internet malware. In defence, most PC users install anti-virus software and a firewall or a combination of the two in the form of an integrated – or comprehensive – internet security suite. Read more
More than 10,000 user names and passwords for Hotmail and other Microsoft services were anonymously posted over the weekend at a free site for programmers, it was reported Monday, prompting security experts to recommend that users change their passwords.
Microsoft said it was investigating the posting to a coding site called pastebin.com, which hinted at a much bigger password collection: according to tech news site Neowin.net, the account names all started with A or B. Read more
The probe of the cyber-attacks on US and South Korean websites last week has turned up a number of suspected command computers, including a possible “master” server in the UK.
But researchers assisting the US government in the unusually intense inquiry still put the odds of an arrest at well under 20 per cent. Read more
The Conficker worm, which has enslaved millions of computers worldwide and enraptured the media, finally showed its hand Thursday and proved itself to be all about the money.
An undetermined number of infected machines had been updated with new instructions from the worm’s authors during the past week. The updates were delivered from other infected machines in a peer-to-peer methodology. Read more
Eight days after a critical security flaw in Internet Explorer was publicised on a Chinese website, Microsoft is still working on trying to fix the world’s most widely used internet browser – and the bad guys are having a field day.
When news of the vulnerability was still only three days old, according to Microsoft’s researchers, there was already a spate of malware written to take advantage of it: Read more