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President Barack Obama's budget proposal for the 2017 fiscal year seeks $19 billion for cyber security across the U.S. government, a surge of $5 billion over this year, according to senior administration officials. The request comes as the Obama administration has struggled to address the growing risk posed by criminals and nation states in the digital world. The initiative, to be released later on Tuesday, is more than a one-third increase from the $14 billion...

Hackers used malware to infiltrate a regional Russian bank and manipulate the ruble-dollar exchange rate by more than 15 percent in minutes, according to a cybersecurity firm investigating the attack. View full story ORIGINAL SOURCE: The Hill

The DayZ development team tweeted on January 23 that its forums had suffered “an outside security breach,” and recommended that users change their passwords, “just in case.” Today it put out a more detailed and dire message, indicating that the situation is rather worse than it first appeared. “A security incident occurred on forums.dayzgame.com recently. According to our investigation all usernames, emails and passwords from forums.dayzgame.com were accessed and downloaded by hackers,” it says. “While...

Criminals may have stolen personal and tax-return information from about 8,800 customers of TaxSlayer LLC, a provider of software to individuals who prepare their own tax returns, according to the company. The data breach is the second reported by a major tax software firm this year. In January, TaxAct said information on about 450 customers had been stolen and there was suspicious activity in about 9,000 other accounts.   Original Source: Wall Street Journal View...

It's still not clear how, but a disproportionately large number of websites that run on the WordPress content management system are being hacked to deliver crypto ransomware and other malicious software to unwitting end users. In the past four days, researchers from three separate security firms have reported that a large number of legitimate WordPress sites have been hacked to silently redirect visitors to a series of malicious sites. The attack sites host code from the...

The official Five-Year Plans laid out by the government of the People's Republic of China guide Chinese hackers' attack campaigns and could be related to the recent burst of breaches at American health insurers, according to researchers at CrowdStrike. When the Community Health Systems breach of 4.5 million patients' PII was attributed to Chinese attackers in August 2014, it raised eyebrows because at the time it didn't fit the Chinese hackers' profile at all. Since...

Google has taken aim at another class of internet scumware: the deceptive download buttons that infest advertising on places like free software directories. “Your computer is out of date!” ads and the like that take the unwary either to adware and/or malware installers - or worse - are in Google's sights. Lucas Ballard, the software engineer who announced the earlier stage of the safe browsing program when the Chocolate Factory started warning users about malware...

Experts at Google’s Project Zero have once again shamed a security software company. This time Malwarebytes has become a ‘victim’. Accroding to Project Zero, Malwarebytes security solution is not as much secure, because it is vulnerable to the Man-In-The-Middle attacks. But don’t worry, the company is already working on the fix. MITM attacks are easy to initiate on the security software. The reason? Malwarebytes downloads updates without using encryption, thus allowing cyber crooks to replace...

A former employee at the Department of Energy (DoE), Charles Harvey Eccleston , has pleaded guilty of cyber espionage. The man attempted to infect al least 80 colleagues at the DOE spreading a malware with the intent to gain control of the victims’ machines. The man was operating to open the door to foreign hackers, allowing them to exfiltrate sensitive information related to nuclear weapons. According to the US Department of Justice, Eccleston attempted unauthorized...

MIT researchers and Texas Instruments have developed a new radio-frequency (RFID) chip that it calls "hack-proof." The high-security chip, if it hits mainstream adoption, could well be a game-changer that could help prevent credit card fraud (through contactless payments), for instance. That's because it sets itself apart from other RFID-chips. The chip is able to resist power-glitch attacks, which can be used to bypass limits on incorrect password entries in password-protected devices, because it comes...