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Posts Tagged ‘IMF’

One Year Of Lulz (Part I)

December 15, 2011 2 comments

Update December 26: 2011 is nearly gone and hence, here it is One Year Of Lulz (Part II)

This month I am a little late for the December Cyber Attacks Timeline. In the meantime, I decided to collect on a single table the main Cyber Attacks for this unforgettable year.

In this post I cover the first half (more or less), ranging from January to July 2011. This period has seen the infamous RSA Breach, the huge Sony and Epsilon breaches, the rise and fall of the LulzSec Group and the beginning of the hot summer of Anonymous agsainst the Law Enforcement Agencies and Cyber Contractors. Korea was also affected by a huge breach. The total cost of all the breaches occurred inthis period (computed with Ponemon Institute’s estimates according to which the cost of a single record is around 214$) is more than 25 billion USD.

As usual after the page break you find all the references.

Read more…

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The China Cyber Attacks Syndrome

November 11, 2011 5 comments

A week ago, the Office of the National Counterintelligence Executive published a report to Congress concerning the use of cyber espionage to attempt to gain business and industrial secrets from US companies. Easily predictable, the results present a frightening picture!

With no surprise it turned out that the biggest dangers and perpetrators of cyber-espionage operations against American business are China and Russia.

  • Chinese actors are the world’s most active and persistent perpetrators of economic espionage. US private sector firms and cybersecurity specialists have reported an onslaught of computer network intrusions that have originated in China, but the Intelligence Community cannot confirm who was responsible.
  • Russia’s intelligence services are conducting a range of activities to collect economic information and technology from US targets.
  • Some US allies and partners use their broad access to US institutions to acquire sensitive US economic and technology information, primarily through aggressive elicitation and other human intelligence tactics. Some of these states have advanced cyber capabilities.

Unfortunately the predictions for the near future are not encouraging: the authors of the report judge that the governments of China and Russia will remain aggressive and capable collectors of sensitive US economic information and technologies, particularly in cyberspace.

This is mainly due to three factors: a technological shift with a growing number of devices connected to the Internet (according to a Cisco Systems study, the number of devices connected to the Internet is expected to increase from about 12.5 billion in 2010 to 25 billion in 2015). An economical shift driven by the Cloud Paradigm which requires the information to be ubiquitous and always available and, last but not least, a cultural shift which bring users to a growing use of social media for personal and professional use with a dangerous overlapping.

With these considerations in mind I decided to concentrate on a single table all the attacks with cyber espionage implications reported in 2011 for which China was directly or indirectly (or allegedly) considered responsible. The details (and links) of each single attack can be found on my 2011 Cyber Attacks Timeline Master Index (of course the list does not include the infamous Operation Aurora and the attack to G20 during the French Leadership since these events occurred during 2010).

U.S., Canada, Japan and Korea are among the countries hit by the Cyber Attacks from Far East. The most known attack is for sure the one perpetrated against RSA, whose wake affected several U.S. Contractors. Moreover the same attack was not an isolated episode, but the tip of an iceberg hiding 760 affected organizations worldwide.

Shady Rat and the IMF attack were other noticeable events as also the breach reported against the Cyworld the Korean Social Networks in which 37 million users were affected.

A frightening scenario that also generated some resounding fake attacks during 2011 (do you remember the Renault affair?)

A new cold (cyber)war at the gates?

2011 Cyber Attacks (and Cyber Costs) Timeline (Updated)

June 28, 2011 6 comments

Update: Cyber Attacks Timeline Update for July 2011

As already suggested, I considered the original 2011 Cyber Attacks Timeline graph by Thomson Reuters not enough complete since it did not show some important attacks occurred during this tremendous 2011. This is the reason why I decided to draw an enhanced version which shows, according to my personal opinion (and metric),  the list of 2011 major  cyber attacks both for size and impact. Moreover in this version I added the cost of the breaches (where possible), and the alleged kind of attack perpetrated.

All the data were taken from the bulletins or statements released by the victims, or from the tweets released by the attackers.

Costs were calculated, where possible, using the indications from the Ponemon’s insitute: the average cost of a Data Breach is US $214 for each compromised record, if the targeted company decided to respond immediately the cost is around UD $268 for each compromised record, which drops to US $ 174 if the company takes longer to react.

The Total Cost is an incredible number: nearly US $ 18 billion.

Useless to say, Sony achieves rank #1 with US $ 13.4 billion. In this unenviable chart, Epsilon gains the second place with an estimated cost for its breach, of US $ 4 billion.

The others breaches, although not comparable with the previous ones, if summed, allow to achieve the grand total.

Even if smaller in size, and apparently in importance, I decided to insert in the chart also the attack to Comodo Certificates, happened in March, the 24th. In this annus horribilis, it came immediately after the RSA affaire and it has decreed, together with the RSA breach, the fall of the modern bastions of Strong Authentication (in few days tokens and certificates have proved to be vulnerable). Moreover I consider the message of the author a memorable declaration of Cyberwar. On the trail of the RSA breach the wave of attacks towards US contractors is noteworthy as well.

Hackers focused on Media Sites (Fox, PBS, Sony, Sony BMG), with a clear message against censorship (and probably the neverending problem of copyright). Interesting the second attack to PBS made to show the poor skill of LuzSecs by Warv0x, one of their enemies. In the last part of June Videogame industry was the preferred target (also Epic suffered a breach) with different intentions: LulzSec attacked Nintendo and Bethesda (the second attack resulted in data breach for the victim), but offered to avenge Sega (the manufacturer of Dreamcast), after the disastrous breach.

Direct attacks to governments focused essentially on LOIC based DDoS, albeit some infamous breaches to related sites (as in case of Infoguard/FBI and NATO) lead to Data Breaches.

Last but not least, please notice the intense activity from LulzSec in their intense “50 days of living dangerously”, just before the sudden dissolution of the group happened on June, the 25th.

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