New investment firm wants to change the way we fund early stage companies — from New Hampshire

The three founders of York IE have a vision about how to change the way early stage startups get funding. They have experience shattering norms, having built a successful startup, Dyn, in Manchester, New Hampshire, which is not exactly a hot-bed of startup activity. The founders want to take that same spirit and apply it […] Continue reading New investment firm wants to change the way we fund early stage companies — from New Hampshire

University DDoS attack leads to $8.6 million fine, house arrest for New Jersey man

One of the masterminds behind the massive Mirai botnet attack of 2016 has been sentenced after pleading guilty to another set of disruptive attacks on Rutgers University between 2014 and 2016, the U.S. Attorney’s Office for New Jersey announced Friday. The Department of Justice says that between 2014 and 2016, Paras Jha violated the Computer Fraud and Abuse Act by launching several distributed denial-of-service (DDoS) attacks on Rutgers University, flooding the university’s network with internet traffic. His attacks paralyzed a central server at Rutgers that maintained a portal that students and faculty use for assignments, prosecutors say. “Jha succeeded in taking the portal offline for multiple consecutive periods, causing damage to Rutgers University, its faculty, and its students,” the DOJ announcement said. For the crime, the 22-year-old from Union County, New Jersey, is being ordered to pay $8.6 million in restitution, serve six months of house arrest, and perform 2,500 hours […]

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Notorious ‘Hijack Factory’ Shunned from Web

Score one for the good guys: Bitcanal, a Portuguese Web hosting firm long accused of helping spammers hijack large swaths of dormant Internet address space over the years, was summarily kicked off the Internet this week after a half-dozen of the company’s bandwidth providers chose to sever ties with the company. Continue reading Notorious ‘Hijack Factory’ Shunned from Web

Former Dyn exec spins up IoT security startup to avoid the next Mirai

The former head of the company that was at the center of the Mirai botnet attack is now jump-starting a new venture that aims to protect the devices which were co-opted into the attack. Minim, an internet of things security startup based in Manchester, N.H., announced on Monday that it has brought in $2.5 million in seed funding. The genesis of Minim is rooted in that 2016 distributed denial of service (DDoS) attack that targeted DNS provider Dyn and paralyzed several popular websites. Minim CEO Jeremy Hitchcock co-founded Dyn and served is its CEO until a few months before the attack. “The Dyn attack was a huge red flag,” Hitchcock told CyberScoop in an email. “It showed that IoT device hacking is easy (accomplished by a dorm room Minecraft scam for fun), undetectable by the average consumer, and a big problem for internet services such as Dyn.” Mirai leveraged hundreds of thousands […]

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Mirai botnet authors plead guilty

The authors of the infamous Mirai botnet – used to launch record-breaking Distributed Denial of Service (DDoS) attacks last year that knocked major segments of the internet offline – have pleaded guilty to federal cybercrime charges. Continue reading Mirai botnet authors plead guilty

Three men plead guilty for roles in Mirai botnet empire, court documents show

Three men have pleaded guilty for their role in creating, operating and selling access to the “Mirai botnet,” a massive army of compromised internet-connected devices used last year to launch numerous distributed denial of service attacks against hosting companies, social media platforms and other online businesses. The defendants, Paras Jha, Josiah White and Dalton Norman, were each responsible for supporting an elaborate scheme that began with the creation of a scanning tool to find vulnerable devices connected to the internet, infect them with malware and then mobilize them into a cohesive botnet army capable of pushing excessive internet traffic onto a target in order to knock them offline. They guilty pleas were entered in a federal district court in Alaska, the Department of Justice said. Distributed denial of service attacks typically function through a centralized platform or operator who controls infected computers which can be used to flood digital properties with […]

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Congresswoman hopeful on IoT security legislation

The authors of draft legislation to impose security standards on Internet of Things devices purchased by the federal government are in listening mode for now, a senior Democratic congresswoman said Thursday. A discussion draft of the House version of the Internet of Things Cybersecurity Improvement Act of 2017 is out, Democratic Rep. Robin Kelly of Illinois told the Dell Technologies Digital Transformation Summit produced by FedScoop. “We want the stakeholders at the table,” as the bill is tweaked, she told CyberScoop in a brief interview after her keynote address, referring to tech companies, security experts and business lobbyists. “We want to get [those views] so it can be developed in a broad bipartisan way,” she said. Kelly, who is the ranking member of the IT Subcommittee of the House Oversight panel, said the bill is intended as a companion measure to the similar bill introduced in August in the Senate. “It tracks […]

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Everything You Need to Know About DDoS Attacks

Since the first Denial-of-Service (DoS) attack was launched in 1974, Distributed Denial-of-Service (DDoS) attacks have remained among the most persistent and damaging cyber-attacks. Let’s examine how these attacks have evolved and how your company can mitigate them: DDoS in Review A Denial-of-Service (DoS) attack is an attack targeting the availability of network resources and applications. […]

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