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Security News Update for the Week Ending April 19, 2024

Feds Give Another Chip Maker Subsidy to Build in US Last week the feds announced a subsidy to Taiwan Semi to build multiple chip plants (fabs) in Arizona. This week the feds announced, based on last year’s CHIPS Act, a subsidy to Samsung to build multiple plants in Texas. This creates a lot of construction […]

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Security News for the Week Ending March 15, 2024

No Honor Among Crooks – Darknet Site Extorts Vendors, Buyers I guess we should not be surprised, but darknet narcotics bazaar Incognito Market has posted a threat on its homepage that if its vendors and buyers don’t pay an extortion of between $100 and $20,000, they will publish all of their transaction and chat records. […]

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Insider Threat Problem is a Growing Issue

A US government worker has been arrested and charged with spying for Ethiopia. The problem is so bad that companies with government contracts have to create an insider threat program, provide annual training for all employees and designate an officer to be the Insider Threat Program Senior Official (ITPSO) – the person who will get […]

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Fired IT Admin Cripples Former Employer’s Network

This is actually not a unique story; it happens from time to time. Luckily, it doesn’t happen that often, but when it does, OH BOY! Casey Umetso, age 40, was a network administrator for a “prominent Hawaii-based financial services company”, the name of which, for some reason, the DoJ is trying to shield. After being […]

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Are You Prepared for the Insider Threat?

Security tool provider Proofpoint released a report to identify the costs and trends associated with insider threats. While the stereotype for insider threat is the malicious insider, that is only one part of the insider threat. Other insider threats include the negligent insider and the compromised insider. The report, conducted by Larry Ponemon’s group, said […]

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