In yet another instance that shows just how targeted Government agencies are, the U.S. Dept. of Energy has been attacked by hackers over 150 times between 2010 and 2014.
The U.S. Department of Energy (DOE) has had its computers breached by attackers nearly 160 times during a 48-month span up to 2014, according to documents obtained by USA Today.
The federal records gathered by the publication show a relentless barrage of cyber attacks as attempts to breach the Department of Energy’s security that safeguards critical information systems. These important and crucial systems contain sensitive data about energy labs, the country’s power grid and significantly, the nuclear weapons stockpile.
Other startling facts as revealed by records obtained by USA Today via the Freedom of Information Act are as follows:
- DOE computers were targeted a total of 1,131 times via cyber attacks over 2010-14.
- Of the 1,131 cyberattacks, 159 successfully breached the DOE’s computers and systems.
- 53 of the 159 successful intrusions were ‘root compromises’ or intrusions where attackers gained administrator-level privileges to the DOE’s computer systems.
“The potential for an adversary to disrupt, shut down (power systems), or worse … is real here,” said Scott White, Professor of Homeland Security and Security Management and Director of the Computing Security and Technology program at Drexel University, speaking to USA Today.
It’s absolutely real.
“(In) 2013, DOE experienced two significant intrusions that led to the potential loss of Personally Identifiable Information (PII) of former and current DOE employees and contractors.”
Additionally, the DEO Office of Science, the lead federal agency striving for fundamental scientific for energy was also at the receiving end of many cyber attacks. The agency, which is also responsible for 10 of the 17 DOE laboratories incurred:
- 255 attempts of cyber attacks.
- 90 out of the total attempts were successful breaches.
- 28 of the 90 intrusions were root compromises.
Computer systems at DOE’s headquarters were also targeted continually, where:
- A total of 432 attempts of cyber attacks were made.
- 13 out of the total were successful intrusions.
- 5 of the 13 breaches were root compromises.
Predictably, computers in the National Nuclear Security Administration whose goal includes the responsibility “for enhancing national security through the military application of nuclear science” incurred:
- 113 attempted cyber-attacks in total.
- 19 were successful breaches, and
- 6 of the 19 intrusions were root compromises.
DOE officials refused to say if any sensitive data relating to the country’s power grid or the nuclear weapons stockpile was breached or stolen in any of the attacks. The same refusal applied for speculation of any state-sponsored hackers operating for foreign governments.
“DOE does not comment on ongoing investigations or possible attributions of malicious activity,” confirmed spokesman Andrew Gumbiner.
Images from Pixabay and HGenergy.
Uber Is Paying Hackers to Keep Quiet
Uber Technologies Inc. has reportedly paid hackers to delete scores of private data stolen from the company in a security breach that was concealed for over a year. The revelation provides further confirmation that, when it comes to cyber security, crime does pay.
Massive Data Breach
According to Bloomberg Technology, hackers retrieved the personal data of 57 million Uber customers and drivers at some point last year. Nobody heard about it because the rideshare company paid the hackers $100,000 to keep quiet. A purge at the front office of Uber also ensured that the massive cyber breach was kept under wraps.
The compromised data was from October 2016 and included the names, phone numbers and addressed of 50 million Uber riders globally. About seven million drivers had their personal information accessed as well.
At the time of the cyber attack, Uber was inundated with a slew of legal issues stemming from alleged privacy violations. Rather than shine even more negative spotlight on the company, Uber executives decided to pay hackers to stay quiet.
“None of this should have happened, and I will not make excuses for it,” Dara Khosrowshahi, who took over as CEO in September, said in a statement that was published by Bloomberg. “We are changing the way we do business.”
Hackers have done a masterful job infiltrating companies and governments in recent years. As a reminder, recent cyber attacks levied against Yahoo!, Target Corp and Equifax Inc. dwarf Uber’s 57 million compromised accounts.
Various reports indicate that cyber attacks are bleeding the global economy dry. One report, issued by the World Economic Forum, suggests that cyber crime cost the world economy $445 billion in 2016. If cyber crime were its own market cap, it would exceed Microsoft Inc., Facebook Inc. and ExxonMobil Corp
The Fall of Uber?
Uber revolutionized the ride-hailing business over the span of seven years by giving more power to the consumer. Several missteps later, the company finds itself in legal hot water, with its future appearing less certain than it did just one year ago.
The rideshare company faces at least five U.S. probes ranging from bribes to illicit software and right up to unethical pricing schemes. According to another Bloomberg report, Uber is under investigation for violating price transparency regulations, not to mention the alleged theft of documents for Google’s autonomous cars.
Some governments are sensing weakness in the ride-hailing service, and are moving toward banning the Uber app entirely. London is the most prominent example of a city that has taken definitive steps to outlaw the service over a “lack of corporate responsibility.”
Even with its legal troubles, Uber is a revolutionary technology that has influenced a bevy of other innovations aimed at improving the human experience.
Featured image courtesy of Shutterstock.
Ethereum Notches Two-Month High as Bitcoin Offspring Triggers Volatility
Digital currency Ethereum climbed to a two-month high on Monday, taking some of the heat off Bitcoin and Bitcoin Cash, which have slumped since the weekend.
Ethereum Forges Higher Path
Concerns over Bitcoin created a favourable tailwind for Ethereum (ETH/USD), which is the world’s No. 2 digital currency by total assets. Ether’s price topped $340.00 on Monday and later settled at $323.54. That was the highest since June 20.
At its peak, ether was up 10% on the day and 70% for the month of August.
The ETH/USD was last down 2.2% at $315.02, according to Bitfinex. Prices are due for a brisk recovery, based on the daily momentum indicators.
Fractured Bitcoin Community
Bitcoin and its offshoot, Bitcoin Cash, retreated on Monday following a volatile weekend. The BTC/USD slumped at the start of the week and was down more than 3% on Tuesday, with prices falling below $3,900.00. Just last week, Bitcoin was trading at new records near $4,500.00.
Bitcoin Cash, which emerged after the Aug. 1 hard fork, climbed to new records on Saturday, but has been in free-fall ever since. The BTH was down another 20% on Tuesday to $594.49, according to CoinMarketCap. Its total market value has dropped by several billion over the past two days.
Analysts say that a “fractured” Bitcoin community has made Ethereum a more attractive bet this week. The ether token has shown remarkable poise over the past seven days, despite trading well shy of a new record.
Other drivers behind Ethereum’s advance are steady demand from South Korean investors and growing confidence in a smooth upgrade for the the ETH network. The upgrade, which has been dubbed “Metropolis,” is expected in the next several weeks. Its key benefits include tighter transaction privacy and greater efficiency.
Ethereum Prices Unaffected by ICO Heist
Fin-tech developer Enigma was on the receiving end of a cyber-heist on Monday after hackers took over the company’s website, mailing list and instant messaging platforms. The hack occurred three weeks before Enigma’s planned Initial Coin Offering (ICO) for September 11.
In addition to defacing the company’s website, the hackers pushed a special “pre-sale” ahead of the ICO. While many users realized it was a scam, 1,492 ether tokens – valued at $495,000 – were directed into the hackers’ cryptocurrency wallet by unsuspecting backers.
The irony in all this is that Engima is a cryptography company that prides itself on top-notch security protocols. The company issued a statement that its servers had not been compromised.
Ethereum Prices on Track for 35% Monthly Drop
It has been a difficult month for ethereum. The world’s No. 2 digital currency has lost a third of its value over the past 30 days following a series of cyber breaches targeting vulnerable wallets and ICOs.
Ethereum Struggles to Regain Momentum
Ethereum (ETH/USD) was trading near $197.00 Sunday at 6:30 BST, according to Bitfinex. That represents a decline of around 5%. At current values, ethereum’s market cap was $18.4 billion.
The ETH/USD exchange rate has struggled throughout July, with prices briefly falling below $160.00. The decline, which amounted to a 60-day low, lured bargain-hunters back into the market. After surging back toward $250.00, the ETH/USD has consolidated below the $220-mark, which continues to offer strong resistance. On the opposite side of the spectrum, major support is located at $180.00.
A price recovery may prove elusive in the short-term, with the Relative Strength Index (RSI) and Stochastic indicator signalling weak underlying momentum.
Despite its recent decline, ethereum’s value has surged more than 2,200% this year.
Cyber Attacks, SEC Weigh on Market
The ethereum network suffered a large-scale cyber breach earlier this month resulting in the loss of tens of millions of dollars. A community of ethical hackers quickly banded together to “rescue” hundreds of millions of dollars worth of tokens.
Blockchain-based trading platform Coindash was also hijacked during an initial coin offering (ICO). The breach exposed Coindash’s ether wallet address, resulting in the loss of $7 million worth of ether.
The Securities and Exchange Commission (SEC) has also taken an interest in the ethereum-based ICO market. Last week, the regulator concluded that a certain multi-million dollar token sale last year violated securities law. Although ICOs have been compared to crowd-sourcing, the SEC maintained that some tokens were in fact securities.
Analysts say the SEC ruling could impact the future of ICOs, although it remains unclear how the regulator is pursuing this market. The SEC’s July 25 press release cautions investors about ICOs in general.
- Trade Recommendation: Buy EVHC and EQT on Selling Exhaustion on
- Trade Recommendation: Bitcoin Cash on
- Asian Market Update – Tuesday: Litecoin price skyrockets despite creator’s warning; Asian stocks down on
- Trade Recommendation: Bitcoin Cash on
- Technical Analysis: Litecoin Continues Surge as Bitcoin Tests Highs on
- Asian Market Update – Tuesday: Litecoin price skyr...
- Technical Analysis: Litecoin Continues Surge as Bi...
- Trade Recommendation: Bitcoin Cash
- Ethereum Flirts With Record Highs as Buterin Compa...
- Monero Forges Ahead as Prices Cross $290
- Is Bitcoin Driving Gold Prices Lower?
- Trade Recommendation: Stellar
- Trade Recommendation: Siacoin December 12, 2017
- Trade Recommendation: Buy EVHC and EQT on Selling Exhaustion December 12, 2017
- Will CME and CBOE Change the Course of Bitcoin Trading? December 12, 2017
- Trade Recommendation: Bitcoin Cash December 12, 2017
- Is Bitcoin Stealing Gold’s Luster? December 12, 2017
- Asian Market Update – Tuesday: Litecoin price skyrockets despite creator’s warning; Asian stocks down December 12, 2017
- Is Bitcoin Driving Gold Prices Lower? December 12, 2017
- Monero Forges Ahead as Prices Cross $290 December 12, 2017
- Ethereum Flirts With Record Highs as Buterin Compares Crypto Surge to Salvator Mundi Auction December 12, 2017
- Altcoin Investing Strategy as Futures Hit the Market December 12, 2017
A part of CCN
Altcoins1 week ago
IOTA Doing Big Things as Microsoft Partnership Announced
Analysis3 days ago
Long-Term Cryptocurrency Analysis: Look Out Below?
Recommendations4 days ago
Trade Recommendation: Litecoin
Analysis1 week ago
$100 Litecoin Looks Poised for Greater Upside
Cryptocurrencies1 week ago
Trade Recommendation: Neo
Cryptocurrencies4 days ago
Trade Recommendation: Stellar
Cryptocurrencies2 days ago
Trade Recommendation: Zcash
Cryptocurrencies6 days ago
Trade Recommendation: Siacoin