Microsoft’s Brad Smith should prepare for ‘ritual punishment’ before House hearing

Some experts are doubtful the Homeland Security Committee testimony and questioning of Microsoft chief Brad Smith will lead to significant change.

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Russia escalates threats against West in response to cyberattacks

Russia experts said the escalating and increasingly overheated threats are typical of how the Russians engage diplomatically and are not a cause for worry.

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As FireEye grapples with breach investigation, questions remain

FireEye’s announcement this week that hackers breached its systems has sent shockwaves through the cybersecurity community, raising new questions about how one of the most influential security firms in the U.S. grappled with an apparently state-sponsored attack. It also has triggered policy discussions about whether the U.S. government should do more to protect cyber industry titans like FireEye, one of the top cybersecurity firms in the world with customers that counts Fortune 500 companies among its clients. The hack adds FireEye to the list of cybersecurity companies that have experienced their own breaches, a roster stretching back to at least the beginning of the last decade. “This news has rocked the cybersecurity industry to our core, unlike anything since the RSA hack” from 2011, said Tom Bossert, president of Trinity Cyber and the former homeland security adviser to President Donald Trump. “It’s a pretty big deal.” FireEye revealed on Tuesday […]

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Want to reduce cybercrime? Undermine black market, watch cryptocurrency exchanges, experts say

The neverending stream of high-profile, large scale data breaches has lawmakers searching for answers on how hackers are benefiting and how to stop them. At a hearing Thursday, the House Financial Services Subcommittee on Terrorism and Illicit Finance heard from experts about how to find and crack down on cybercriminals who are swiping and trading massive amounts of individuals’ compromised private information. “The victim of a breach can become a victim repeatedly as their identity can be used to apply for credit cards, mortgages, and other financial products over and over again,” subcommittee Chairman Steve Pearce, R-N.M., said. “Unfortunately, this activity is only becoming more widespread as criminal organizations realize the low cost of entry, the ease of using hacking tools, and the difficulty law enforcement faces trying to apprehend hackers.” Lillian Ablon, an information scientist at the RAND Corporation, explained some ways law enforcement can crack down on black markets for stolen […]

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