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Cybercrime imposing growing costs on global economy
A new report has found that the cost of cybercrime to the global community and infrastructure is not only incredibly high, but steadily rising as well. The study concluded that up to $575 billion a year — larger than some countries’ economies — is lost due to these incidents. The emergence of the largely unregulated, and unprotected, Internet of Things will make matters only worse.
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Medical devices, not only medical records, are vulnerable to hackers
Health organizations have spent millions of dollars to protect hospital computer systems and software from malware, but hospitals today are increasingly equipped with many medical devices linked to Wi-Fi, making the devices a portal to hospital room operations. Infusion pumps deliver measured doses of nutrients or medications such as insulin or other hormones, antibiotics, chemotherapy drugs, and pain relievers into a patient’s body. Although it has yet to happen, it is quite possible for a hacker to infiltrate an active infusion pump on a hospital’s Wi-Fi and change the dosage. Hackers can also use the pump’s network access to inject malware in the hospital’s network systems, giving them entry to patients’ medical records. The records can then be sold to identity thieves.
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DHS releases the wrong FOIA-requested documents, exposing infrastructure vulnerabilities
On 3 July 2014, DHS, responding to a Freedom of Information Act(FOIA) request on Operation Aurora, a malware attack on Google, instead released more than 800 pages of documents related to the Aurora Project, a 2007 research effort led by Idaho National Laboratoryto show the cyber vulnerabilities of U.S. power and water systems, including electrical generators and water pumps. The research project found that once these infrastructure systems are infiltrated, a cyberattack can remotely control key circuit breakers, thereby throwing a machine’s rotating parts out of synchronization and causing parts of the system to break down.
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Agroterrorism is a major threat to America: Experts
The economic effects of a successful attack on the U.S. food supply would be devastating, as agriculture accounts for roughly 13 percent of the country’s gross annual domestic product. An introduction of deadly pathogens into U.S. livestock, poultry, or crops would not only result in a disease outbreak, but would disrupt the global food industry and drive up food prices. Agroterrorism is not limited to the intentional introduction of harmful pathogens into U.S. farms and livestock. Terrorists can also cyberattack industrial agriculture systems responsible for operating feeding machines, maintaining milk temperatures, and processing foods.
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HarperCollins: Israel yok!
HarperCollins, which is part of Rupert Murdoch’s News Corporation, has just published the glossy Collins Middle East Atlas, which, the publisher says, was designed for use in Middle Eastern schools. The publisher describes the book as “an ideal school atlas for young primary school geographers,” which “enables students to learn about the world today by exploring clear and engaging maps.” There was only one problem: Israel was omitted from the map of the Middle East: A map of the area shows Jordan and Syria extending all the way to the Mediterranean, with Gaza and the West Bank both labeled, but Israel does not appear. “Way to go Collins!” wrote one reviewer. “While we’re at it, let’s delete Sweden from the map of Europe, Venezuela from the map of South America, and Russia entirely. In fact, let’s all design our own maps of the world and leave out all the countries we don’t particularly care for.” Retreating in the face of a wave scathing criticism, HarperCollins said it would withdraw the book from the market and pulp it.
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Bolstering cybersecurity by taking a step back in time to analog security systems
Richard Danzig, the vice chairman for the RAND Corporation and a former secretary of the navy, is saying it is timeto take a step back in time and incorporate analog security systems into cyber infrastructure. “Merge your system with something that is analog, physical, or human so that if the system is subverted digitally it has a second barrier to go through,” he said. “If I really care about something then I want something that is not just a digital input but a human or secondary consideration,” he says.
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FBI, DHS study threats against news organizations covering “The Interview” incident
Last week, the FBI and DHS issued a joint intelligence bulletin to law enforcement agencies across the country urging them to remain vigilant, citing a series of threats against movie theaters that show “The Interview” and news organizations that continue to cover the incident between Sony Entertainmentand Guardians of Peace, the hacking group allegedly backed by North Korea. A Tennessee man has since emerged saying he issued the threat against the news organizations and that he was just “messing around,” but the FBI is trying to determine whether the threat to news organizations was indeed a hoax.
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Study: Disparities seen in immigrant application results
Immigrants to the United States with job offers often apply for work authorization. But immigrants from Latin America are less likely to have those requests granted than are immigrants from other regions. A new study shows that over a recent period of more than three years, the U.S. federal government approved about 91 percent of labor certification applications from Asian immigrants and 90 percent from Canadian immigrants, but just 67 percent of applications from Latin American immigrants. The study controls for variations in the offered salaries and job titles; characteristics of the firms making the offers; and the visa histories of the immigrants in question.
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A combination ricin/anthrax vaccine shows promise
Soligenix, Inc. last month announced the publication of data demonstrating that the combination of RiVax and VeloThrax induces protective immunity to both ricin toxin and anthrax toxin exposure. RiVax is the company’s candidate vaccine for the prevention of exposure to ricin toxin using an antigen which is completely devoid of the toxic activity of ricin. VeloThrax is the company’s candidate vaccine which employs a derivative of recombinant protective antigen, termed Dominant Negative Inhibitor (DNI), which is a candidate for inclusion in a next generation anthrax vaccine.
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2014: The year of security breach awareness
2014 will be seen as the “Year of the Breach,” or at the least, the “Year of Raised Awareness of Breaches,” according to observers of IT security trends over the course of the year. The legal repercussions for hackers are small, and usually non-existent, but the cost in damage to the victims of hacking can be huge. A survey by the Ponemon Institute revealed that in 2014, the average cost of a cyberattack was $20.8 million for a company in the financial services sector, and $8.6 million for a retail store — costs which ultimately affect the public at large.
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U.S. seen losing its share of world’s highly skilled migrants
The United States has always been known as a nation of immigrants and a top destination for scientists and other highly skilled professionals. That ability to attract the world’s most educated and innovative people to its shores has often been credited with powering the U.S. economy. Strikingly, a new study of worldwide migration patterns suggests the United States is losing its reputation as a mecca for professionals as its global share of the most highly educated migrants declines. The result raises the question of whether the country can remain competitive in attracting top talent in an increasingly globalized economy.
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Miami Beach pushing beachfront development -- collecting storm-water fees to fight sea-level rise
City planners and real estate developers in Miami Beach are fight the threat of climate change by continuing to encourage the development of new beachfront properties, including hotels and residential condos. Revenue from real estate taxes and fees will fund a $300 million storm-water project. Florida has no income tax, and much of South Florida’s public infrastructure projects are supported by property taxes. By 2020, Miami Beach will have built eighty new storm pumps which will collect and remove up to 14,000 gallons of seawater per minute back into Biscayne Bay.
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United States must seize opportunity to build sustainable energy system: IEA
The United States is in a strong position to deliver a reliable, affordable, and environmentally sustainable energy system, the International Energy Agency (IEA) said, as it released a review of U.S. energy policy. To do so, however, the country must establish a more stable and coordinated strategic approach for the energy sector than has been the case in the past.
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Insurance firms, developers face uncertainty now that TRIA has expired
Insurance firms and commercial property developers are uncertain about how the commercial real estate industry will react now that the Terrorism Risk Insurance Act (TRIA) has expired. Many commercial property developers relied on TRIA to fulfill their loan requirements. Analysts predict real estate projects and construction jobs in Maryland, for example, will be affected by the failure to extend TRIA.
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Project cuts phosphorus levels in river
A 7-year pilot project in the 12,000-acre Pleasant Valley subwatershed of the Pecatonica River in southwestern Wisconsin has helped to reduce the amount of phosphorus and sediment entering the river after major storms by more than a third. The project involved changing practices on just ten of the valley’s sixty-one farms. Certain practices, such as reducing tillage and planting crops that leave more residue to protect the soil, caused the estimated annual amounts of phosphorus and sediment entering the river to drop by 4,400 pounds and 1,300 tons, respectively.
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The long view
U.S. contemplates responses to a cyber-Pearl Harbor attack on critical infrastructure
Cybersecurity experts often contemplate how U.S. security agencies would react to a cyber-9/11 or a digital Pearl Harbor, in which a computer attack would unplug the power grid, disable communications lines, empty bank accounts, and result in loss of life. “Ultimately, it absolutely could happen,” says one expert. “Yeah, that thought keeps me up at night, in terms of what portion of our critical infrastructure could be really brought to its knees.”
To bolster the world’s inadequate cyber governance framework, a “Cyber WHO” is needed
A new report on cyber governance commissioned by Zurich Insurance Group highlights challenges to digital security and identifies new opportunities for business. It calls for the establishment of guiding principles to build resilience and the establishment of supranational governance bodies such as a Cyber Stability Board and a “Cyber WHO.”
More money, different approach offer opportunities to border security tech companies
The number of border agents has reached roughly 21,000, up from 5,000 two decades ago. In fiscal year 2012, spending for border and immigration enforcement totaled almost $18 billion — 24 percent more than the combined budgets of the FBI, the DEA, the Secret Service, the U.S. Marshals, and the Bureau of Alcohol, Tobacco, Firearms and Explosives (total: $14.4 billion). One major trend driving the border security industry is the government’s shift from large-scale border security infrastructure projects to small unit security systems.
Coastal communities can lower flood insurance rates by addressing sea-level rise
City leaders and property developers in Tampa Bay are urging coastal communities to prepare today for sea-level rise and future floods in order to keep flood insurance rates low in the future. FEMA, which administers the National Flood Insurance Program(NFIP), is increasing flood insurance premiums across the country, partly to offset losses from recent disasters such as hurricanes Katrina and Sandy. Cities can reduce insurance premiums for nearly all residents who carry flood coverage by improving storm-water drainage, updating building codes to reflect projected rise in sea-levels, moving homes out of potentially hazardous areas, and effectively informing residents about storm danger and evacuation routes.
Changing human behavior key to tackling California drought: Expert
California is experiencing a drought that has gone far beyond a “dry spell,” and the state has imposed the first water restriction in state history, aiming to cut back on water consumption by 25 percent. One expert says that strict water conservation measures are long overdue, and that “what is happening is a realization that you can’t simply transplant another ecosystem onto a California desert system or arid southwestern system. In a sense, California and much of the U.S. southwest are living beyond their ecological means. Certain lifestyles have been adopted and crops are being grown that are not endemic or sustainable for this particular bioregion.” He adds: “This is a moment for not just cutting off personal water use and turning the tap off when you’re brushing your teeth, as important as that is. This is a moment of reflection, invitation and, I hope, legislation that will cause people to think about water use in the industrial sector too. This is for the long-term prosperity of the state and sustainability of the ecosystem.”