Industry News


1.E-Hijacking new threat to trucking”, Sean Kilcarr, 11/3/2005

The growing use of telematics for both gathering truck performance data and for sending and receiving shipping documents also exposes trucking to a new form of crime called "e-hijacking"… Stephen Spoonamore, CEO of data security consulting firm Cybrinth, gave examples of recent e-hijacking events…

He pointed to the supposed loss of 3.9-million banking records stored on computer backup tapes that were being shipped by UPS from New York-based Citigroup to an Experian credit bureau in Texas. These tapes were not lost they were stolen, Spoonamore said. “Not only were they stolen, the theft occurred by altering the electronic manifest in transit so it would be delivered right to the thieves.” He added that UPS, Citigroup, and Experian spent four days blaming each other for losing the shipment before realizing it had actually been stolen. ....



2. “SSL Trojans getting ever nastier”, Roger A. Grimes. 3/10/2006
Based on increases in Trojan technology, frequency, Roger predicts a major bank heist is on the horizon
“…The E-gold Trojan waits for the victim to successfully authenticate to E-gold's Web site, creates a second hidden browser session, and uses various spoofing tricks until it drains the victim's account. Because the stealing and spoofing is started after the authentication is completed, no amount of fancy log-on authentication would prevent the heist. All too telling is LURHQ's prediction that “other banking institutions are sure to be attacked in this manner in the future.”…



3. “E-commerce in crisis: When SSL isn't safe”, Roger A. Grimes, 5/01/2006
A secure connection between browser and back end underlies Internet commerce. But what if it's already compromised?
The Great Train Robbery of 1963 netted $69 million in today's dollars. The largest bank heists have scored more than $80 million. But “stick-'em-up” bank robberies offer high risks and low rewards: According to the FBI, the average U.S. bank heist yields just $4,200 -- and between 50 and 75 percent of perpetrators get caught.
Robbing a brick-and-mortar bank seems like petty theft compared with a new breed of cybercrime that, according to a growing number of security experts, is siphoning untold millions of dollars from banks and their customers using SSL-evading Trojans and ever more refined phishing techniques…



4. Unisys Press Release, May 4, 2006

Unisys CEO Urges New Definition of Security to Meet Changing Privacy, Identity and Risk Management Concerns

In Keynote at World Congress on IT, Joe McGrath Emphasizes Importance of Visibility to Secure Business Operations.

The term “security” must be redefined and expanded to encompass the new global realities of colliding economic, political and consumer forces that demand more accountability from businesses and governments, said Joseph W. McGrath, president and CEO of Unisys Corporation, in his keynote address at the 15th World Congress on Information Technology (WCIT 2006).



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