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cybersecurity companies

15 of the Biggest Cyberattacks Launched on U.S. Sites This Year

cyber secutiry attacks

One of the biggest cyberattacks ever happened to the State Dept. recently. And it made national news.

But not every cyberattack breaks headlines. Do you know how vulnerable you are to a cyberattack?

Turns out many cyberattacks have happened already in 2015, but not much of a deal was made about them…

The Best Type of Cybersecurity Companies to Invest in Now

cybersecurity companies

Cybersecurity companies have become one of the most promising new industries to invest in today.

Cybersecurity companies create products like firewalls, network safeguards, malware protection, and web security software that protect people, corporations, and governments from cyber attacks.

Research from MarketsandMarkets indicates that more than $95 billion will be spent on cybersecurity efforts this year. That figure will hit $155.74 billion by 2019.

And while all types of cybersecurity companies are cashing in, one section of the market is offering the best profit opportunity now. Its technology is a step ahead of the competition...

4 Stocks to Buy in the Exploding Cybersecurity Market

Tech laptop small

There's a story out of England I heard recently that's one of the most ironic tales of how developments in technology - cybersecurity, in particular - need to be taken more seriously.

The story started in 2009, when 18-year-old Nicholas Webber was arrested for using fraudulent credit card details to pay for a penthouse suite at the Hilton Hotel in Park Lane, Central London.

When police examined Webber's laptop, they found details of 100,000 stolen credit cards linked to losses totaling 16.2 million pounds ($24.6 million)

Turns out Webber ran the Internet crime forum GhostMarket. The site allowed hackers to meet up virtually, create computer viruses and share stolen IDs and private credit card data.

In 2011 Webber was sentenced to five years in prison. Once in prison Webber was allowed to participate in a computer class.

And earlier this year, he hacked the prison computer system.

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The Cybersecurity Investment Opportunity Everyone Is Missing

Internet security With cyber-attacks on U.S. corporations hitting more and more frequently, many investors have already realized that cybersecurity companies have a bright future. But cybersecurity isn't the only business experiencing growth as a result of the rise in cyber-attacks. As the attacks have increased, so have losses, creating an opportunity for insurance companies. The Betterly Report, […]

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China's Cyber Attacks on the United States Will Only Get Worse

Sometimes the truth is scarier than fiction, like in the case of China's cyber attacks on the United States.

In what reads more like a crime novel than a true story, a report released today (Tuesday) from Virginia-based cybersecurity firm Mandiant, a specific Chinese military unit is likely behind one of the largest cyber attacks aimed at American corporations and infrastructure.

China's Unit 61398, housed in a 12-story building in Shanghai with a headcount in the hundreds, is being accused of stealing "hundreds of terabytes of data from at least 141 organizations" since 2006. Some 115 targets in 20 different industrial sectors from energy and aerospace to transportation to financial institutions are said to have been violated.

The investigation tracked, for the first time, individual members of the savviest Chinese hacking group, dubbed "Comment Crew" and "Shanghai Group," directly to the military unit's headquarters. While Mandiant couldn't pinpoint the hackers' exact whereabouts inside the high-rise, the firm very convincingly makes the case that the building is where the attacks originated.

"Once [Unit 61398] has established access [to a target network], they periodically revisit the victim's network over several months or years and steal broad categories of intellectual property, including technology blueprints, proprietary manufacturing processes, test results, business plans, pricing documents, partnership agreements, and emails and contacts lists from victim organizations' leadership," the detailed 74-page report reads.

American officials also confirmed that digital forensic evidence presented by Mandiant leads to the Shanghai building as the prime source of the attacks, according to The New York Times, which first reported on Mandiant's findings Monday. Mandiant is the same firm The Times secured to investigate the cyber attacks that infiltrated their own systems in China last month.

The Chinese government adamantly denies the allegations. Chinese Foreign Ministry spokesperson Hong Lei said at a press conference the claims in the Mandiant report were unsupported.

"To make groundless accusations based on some rough material is neither responsible nor professional. Cyberattacks are anonymous and transnational, and it is hard to trace the origin of attacks, so I don't know how the findings of the report are credible," The Wall Street Journal reported.

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Cybersecurity Companies Gear Up for Huge Role in 2013

Cyber threats from hacktivists, criminal enterprises, and others will only grow worse in 2013 and beyond - increasing the importance of cybersecurity companies.

This has led the Obama administration to continually warn about cyber threats that are capable of causing widespread damage.

In a recent speech, Defense Secretary Leon Panetta said computer assaults from rogue countries or terrorists could be as destructive as the Sept. 11 attacks. At the Pentagon, plans have been in place since 2010 to combat this threat.

But it's not just the nation's security that is at risk. Most global corporations are also vulnerable to cyberattacks.

An August cyberattack on Saudi Arabia's state oil company, Saudi Aramco, incapacitated about 30,000 computers. It was probably the most destructive attack ever launched against a non-government entity.

The risk of an attack is particularly high in the corporate sector because of the complacency of its executives. According to a recent study by the consultancy firm PwC, entitled PwC's 2013 Global State of Information Security Survey, most executives are too optimistic about their companies' ability to handle cyberattacks.

The study warned that the rise in the number and sophistication of security incidents globally, along with scrimped corporate budgets, are leaving many firms open to attack. The survey found that, in reality, only 8% of companies truly qualify as information security leaders, with many faults detected.

For example, one of the most common faults found was the lack of a security strategy (protection against malware, etc.) to address personal devices used for work purposes in the workplace.

Mark Lobel, a principal in PwC's Advisory practice, told the Financial Times, "Security models of the past decade are no longer effective. Companies...should prepare to play a new game - one that requires advanced skills and strategy to win against emerging threats."

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Cybersecurity Stocks: The 100% Gain That's Yours For the Taking

If you read the Money Morning special report Five Ways to Profit from Cybersecurity Stocks back on Sept. 26 – and followed our recommendations – you've fared pretty well. But if you were also a Private Briefing charter subscriber, and invested in the one cybersecurity stock that we held back for that premium service … […]

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