Former Microsoft Employee Arrested for Leaking Code

A former Microsoft employee has been arrested for allegedly stealing trade secrets related to Windows 8, according to the Seattle Post-Intelligencer. Alex Kibkalo, a former senior architect at Microsoft, is accused of stealing Windows-related trade secrets while working for the company, according to a complaint filed on March 17 in the U.S. District Court for…

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Rumors Swirl that Twitter Shelved Encryption Project

Considering that many vendors and online services are rushing to encrypt their user communications and other network traffic in the wake of the Edward Snowden revelations, it’s surprising that Twitter may have shelved its own encryption project. Anonymous sources told The Verge that Twitter has stopped a project to encrypt direct messages sent between users.…

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Cyber Attacks Underway in Ukraine-Russia Conflict

While Ukraine gears up for a military offensive in response to the referendum in Crimea voting to secede and join Russia, attackers on both sides of the border have already begun lobbing attacks in the cyber realm. Attackers operating under the name “Cyber Berkut” launched a series of distributed denial-of-service attacks against a number of…

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Pingbacks from 162,000 WordPress Sites Used in DDoS Attack

Attackers don’t need special tools or malware to launch distributed denial-of-service attacks. A recent DDoS attack that brought down a site involved 162,000 WordPress sites and a documented feature. A popular WordPress site was hit by a large HTTP-based (Layer 7) distributed flood attack, sending hundreds of requests per second, said Daniel Cid, CTO of…

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Vietnamese National Pleads Guilty to Selling Access to Experian-Owned Database

The Vietnamese national who sold criminals access to the Experian-owned database containing information on 200 million US Consumers pleaded guilty to running an identity theft service, according to a report by security writer Brian Krebs. Vietnamese national Hieu Minh Ngo admitted at a March 3 federal court hearing to letting criminals search the Court Ventures database…

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Ireland Seeks to Attract Multinational Security Companies

Ireland is hoping US-based security companies will try their luck by establishing their European hubs in the island nation. Calling itself the “Silicon Valley of Europe” with security companies such as McAfee, Symantec and FireEye already hosting European operations there, Ireland’s governmental Industrial Development Agency (IDA), is promoting additional foreign direct investment in the security…

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Global Cybersecurity Market to Hit $120.1 Billion by 2017

The global cybersecurity market will reach $120.1 billion by 2017, according to a new forecast from market research firm Markets and Markets. The firm’s report focuses on a wide array of technology and solutions used to defend against cyber-attacks, and includes the following: identity and access management, risk and compliance management, data encryption, data leakage prevention,…

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Numerous Companies Compete for Position in Evolving Network Security Space

Both early stage and longstanding security vendors jockeyed for position in the evolving network security space at the RSA 2014 security conference. Companies including Narus, FireEye, Cyphort and Securonix, along with Fortune 500 companies such as Hewlett-Packard, demonstrated and discussed their newest security solutions. Network security vendors were eager to persuade potential customers that their…

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Verizon’s New Cyber Intelligence Center Offers Advanced Incident Response, Detection

Verizon Communications Enterprise Solutions last week launched a new Verizon Cyber Intelligence Center (VCIC) to offer organizations advanced incident response and detection capabilities. The VCIC will offer global organizations advanced warning of potential cyber-attacks as well as provide information necessary to assess and respond to cyber-threats, said Chris Porter, leader of the Verizon RISK team…

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