US power grid the target of ‘numerous and daily’ cyber-attacks

Report finds utilities vulnerable, threatened

The US electricity grid is under near constant attack from malware and cyber-criminals, yet most utility companies implement only the barest minimum of security standards, according to a new report released by Congressmen Ed Markey (D-MA) and Henry Waxman (D-CA).…

The Register – Security

Report: China IP theft now equal in value to US exports to Asia

Stricter security testing, sanctions and legal counterhacking needed

China is responsible up to 80 per cent of US intellectual property theft, which a government report has estimated accounts for $ 300bn in lost exports, roughly the equivalent of the current American trade balance with Asia.…

The Register – Security

INSIDE GCHQ: Welcome to Cheltenham’s cottage industry

‘If this nerve centre didn’t exist, neither would I’ says Reg man

Geek’s Guide to Britain  For staff at the Government Communications Headquarters (GCHQ) in Cheltenham, there’s an air of Fight Club about the place. The first rule about GCHQ is you don’t talk about GCHQ.…

The Register – Security

Experts: Network security deteriorating, privacy a lost cause

One suggestion: ‘Don’t armor the sheep, hunt the wolves’

Ethernet Summit  Internet and network security is bad, and it’s going to get worse before it gets better. To make it better, CIOs and IT admins need to rethink the way that they approach protecting their networks from hackers and other miscreants.…

The Register – Security