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Mac botnet generated $10,000 a day for Flashback gang

Security researchers at Symantec are estimating that the cyber-crimibals behind the Flashback Mac OS X botnet may have raked in about $10,000 a day.

In a new blog post that discusses the business model of the botnet, Symantec found that Flashback was robbing Google of advertising dollars by redirecting clicks from infected Mac OS X machines and stealing the ad revenue.

At its height, Flashback contained more than 700,000 Mac machines and Symantec calculates that a botnet of that size could easily generate about $10,000 a day in click-fraud. More...

05-01-2012 17:28

Breach Hits Card Processor Global Payments

Global Payments Inc., GPN -9.06% which processes credit cards and debit cards for banks and merchants, has been hit by a security breach that has put some 50,000 cardholders at risk, according to people with knowledge of the situation.

The full extent of the breach couldn't be determined, one of the people said. It wasn't immediately clear if cardholders have been hit by fraudulent transactions.

Representatives of Atlanta-based Global Payments, a so-called third-party processors of payment cards, including debit cards, credit cards, and gift cards, couldn't be reached for comment. More...

03-30-2012 18:06

Foreign spies 'penetrate' US military networks

Foreign spies should be assumed to have penetrated the computer networks of the US military, American politicians have been told.

Security experts testifying to the Senate Armed Services Subcommittee said the penetration was likely so complete that attempts to curb it should stop.

Instead, cyberdefence should be about protecting data not controlling access.

The experts said the US should look into ways to retaliate against nations that had access to its networks.

In an open session, experts from the US National Security Agency and government labs said America had to change the way it thought about protecting Department of Defense (DoD) computer networks.

"We've got the wrong mental model here," said Dr James Peery, head of the Information Systems Analysis Centre at the Sandia National Laboratories. "I think we have to go to a model where we assume that the adversary is in our networks." More...

03-23-2012 17:34