cybersecurity

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…

Cybersecurity Stocks Just Got Another Huge Buy Signal

cybersecurity stocks

U.S. President Barack Obama doubled-down on his fight against cyberterrorism last week - which means he also delivered 2015's second major "buy" signal for cybersecurity stocks.

The first signal was in early February. That's when President Obama requested $14 billion in his 2016 fiscal-year budget for increased cyber defense. Roughly $5.5 billion of that is requested just for the Pentagon.

"In recent breaches, more than 100 million Americans had their personal data compromised, including, in some cases, credit card information," President Obama said.

That's why cybersecurity stocks are on our list of the most profitable opportunities for investors...

Tax Refund Fraud 2015: Five Ways to Avoid Getting Scammed

Tax refund fraud

Tax refund fraud 2015: Americans, in total, spend 6 billion hours a year doing their taxes. They do it because it's a requirement - but also because it's a lifeline. For 70% of Americans, the tax refund is the biggest paycheck they'll receive all year.

Tax refund fraud, which has tripled in the last three years, threatens to take that lifeline away now more than ever. Currently, a little over $5 billion is lost every year to tax fraud according to Government Accountability Office (GAO) estimates. From 2013 to 2014, the number of people who identified themselves as tax fraud victims jumped by 36%. Already this year, 19 states' tax authorities reported high volumes of fraudulent returns.

You can reduce your risk of getting scammed. Taxpayers can take these steps to protect themselves from tax refund fraud in 2015...

Cybersecurity News: How to Keep Your Online Tax Data Safe

cybersecurity news

Cybersecurity news: This was just what the 29 million customers of tax preparation software TurboTax feared most - a fraud alert.

On Feb. 6 TurboTax, a unit of Intuit Inc. (Nasdaq: INTU), was forced to suspend its processing of state tax returns for 24 hours. In the preceding days Intuit and 19 states had noticed a spike in fraudulent state tax returns.

It means taxpayers need to get a lot more proactive about cybersecurity.

In this video, Money Morning Chief Investment Strategist Keith Fitz-Gerald talks about what taxpayers can do to protect themselves.

What Is Net Neutrality? (Infographic)

what is net neutrality

When President Barack Obama started talking about "net neutrality" this month, it set off an instant public debate.

But what is net neutrality?

In short, net neutrality is the idea that all Internet traffic should be treated equally. In other words, traffic from one website should not get preference over another. And no website should have its traffic "throttled" - its speed cut back - for any reason.

To get a better idea of what net neutrality all about, take a look at this infographic...

There's More to the Home Depot Data Breach That Will Really Boil Your Blood

Home Depot data breach

The Home Depot data breach is huge, and yet the general public seems frustratingly unconcerned about it.

Who should worry about data breaches? Everyone. You as an individual are at risk. Your bank account is at risk. Your credit is at risk. You're at risk in ways you never thought about.

We can't afford to ignore this threat any longer...

The 3 Biggest Scams Threatening Your Money Right Now

biggest scams

The biggest scams threatening your money are on the rise - and they're getting more sophisticated.

The absolute best way to avoid risk to your wallet is simply to be informed - by quickly picking up on the warning signs your money is under attack, you can take immediate action.

That’s why we’ve compiled a list of the three biggest scams targeting your money in 2014. Get to know these criminals before they get to know you...

The 8 Biggest Data Breaches in History

target store-001

As more of our lives go digital, the threat of data breaches becomes more of a concern to everyone - consumers, businesses, and the government.

While only a fraction of cyberattacks are successful - hundreds of thousands are made every day - the few that do succeed typically cause a lot of harm. Just ask Target Corp. (NYSE: TGT), which is still suffering from weaker sales resulting from its data breach last fall.

This infographic shows the eight biggest data breaches in history...

Facebook's (Nasdaq: FB) "Experiment" Is One More Freedom Slipping Away

lost freedom

It's Independence Day tomorrow, so here's a story about your freedom to think about and act on.

News came to light this week that a Facebook (Nasdaq: FB) data scientist named Adam Kramer conducted an experiment on 689,003 users of the social network site over a seven-day stretch in January 2012.

Facebook wants us to believe it's all a big kerfuffle over nothing. But it's news for a few reasons...

Obamacare Cybersecurity Bill Not Enough to Protect Personal Info

H

Today (Friday), the U.S. House of Representatives passed an "Obamacare cybersecurity bill" that helps protect people from the gaping security hole that is the Obamacare website.

The Health Exchange Security and Transparency Act, H.R. 3811, is a one-sentence bill that simply requires customers to be notified of any Obamacare website security breach no later than two business days after its discovery. It was passed in a 291-122 vote, with 67 Democrats breaking ranks in support.

Prior to this bill, there was no legal requirement for the Department of Health and Human Services to notify an individual if his or her personal information had been breached.

To continue reading click here...

Best Investments 2014: Turn Our Greatest Threat Into Your Biggest Profit

H

The FBI says cyber-attacks have replaced domestic terrorism as the top threat to the U.S. homeland. That means government and business spending on cybersecurity is about to take off - and will keep going up for years to come.

It also means that cybersecurity companies are going to reap epic profits...

How to Spot the Best Stocks to Buy in Tech's Fastest-Growing Sector

woman with magnifying glass This week saw San Jose, California networking giant Cisco Systems Inc. (Nasdaq:CSCO) purchase Columbia, Maryland-based cybersecurity company Sourcefire, Inc. (Nasdaq:FIRE).

The purchase price was a rather steep $2.7 billion. That's $76 per share - a handsome 29% premium to the around $49 share price early Monday, before the deal was announced. Shares of FIRE are now trading at just under $76 a share.

If you're looking for stocks to buy, these shares have probably had enough fun for one night, but they may have found a decent support level.

Sourcefire has spurned suitors before, and dallied with its fair share of M&A activity - turning down a buy offer from Barracuda Networks, while acquiring antivirus companies Immunet and Clam AntiVirus in the last decade

An Ever More Urgent Need

Attacks on computer networks are, without exaggeration, ceaseless. There is at least one ongoing attack somewhere in the world at any given time. Sourcefire is one of many network security firms filling an increasingly vital niche.

Sourcefire's flagship product, FirePOWER, which is based on the open-source Snort intrusion detection system, is acknowledged to be among the best in the industry.

Snort itself is said to be the most widely deployed IDP technology on earth. One of the more interesting products is their Advanced Malware Protection, which analyzes malware attacks and works to predict and prevent even the very worst attacks.

It's this kind of killer, boutique technology that makes companies like Sourcefire so attractive to the big boys.

Read More...

Cybersecurity: See Who's On This Latest Hacker Hit List

Tech laptop small

A group of mostly Middle East and North Africa based criminal hackers launched a cyber-attack campaign Tuesday that tested the cybersecurity of U.S. government agencies, financial institutions and commercial businesses.

Dubbed OpUSA, the effort is the latest in a string of cyber-attacks on crucial U.S. entities aimed at slowing down or blocking these heavily trafficked sites.

"We see this as a widening in the cyber war front and organizations may require new tactics or technical defenses to defend," Carl Herberger, VP of security solutions at Radware Ltd. (Nasdaq: RDWR) told FOX Business Network.

"We anticipate that today's [Tuesday] attacks will be against high impact targets, including government websites, law enforcement organizations, brand-name entities, financial services organizations and critical infrastructure providers," he added.

The Department of Homeland Security and the FBI warned of the attacks weeks ago.

"The attacks will likely result in limited disruptions and mostly consistent of nuisance level attacks against publicly accessible web pages and possible data exploitation," read an unclassified memo from Homeland Security, first obtained by cybersecurity blog KrebsOnSecurity.com.

"Independent of the success of the attacks, the criminal hackers likely will leverage press coverage and social media to propagate an anti-US message," the alert said.

Indeed, the story made its rounds in the media, while cybersecurity personnel were on high alert.

To continue reading, please click here...

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.

To continue reading, please click here...

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, […]

Read More…

© 2015 Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201, Email: customerservice@MoneyMorning.com