Correspondent, Boston
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May 16, 2014

U.S. industry too complacent about cyber risks, say experts

WASHINGTON (Reuters) – After warning for years that the U.S. electric grid and other critical infrastructure are dangerously vulnerable to hacking, security experts fear it may take a major destructive attack to jolt CEOs out of their complacency.

While awareness about cybersecurity has increased in recent years, infrastructure consultants say the industry remains reluctant to spend the money needed to upgrade their aging equipment – especially in the absence of much pressure from the U.S. government, regulators or shareholders.

May 15, 2014
May 14, 2014

FBI plans cyber crime crackdown, arrests coming in weeks

WASHINGTON, May 14 (Reuters) – The FBI is getting more
aggressive in pursuing cyber criminals and expects to announce
searches, indictments and multiple arrests over the next several
weeks, the agency’s official in charge of combating cyber crime
said on Wednesday.

“There is a philosophy change. If you are going to attack
Americans, we are going to hold you accountable,” the FBI’s
Robert Anderson told the Reuters Cybersecurity Summit in
Washington. “If we can reach out and touch you, we are going to
reach out and touch you.”

May 14, 2014
May 14, 2014
May 13, 2014
May 13, 2014
May 13, 2014
May 13, 2014

Cyber experts warn Iranian hackers becoming more aggressive

WASHINGTON (Reuters) – Iranian hackers have become increasingly aggressive and sophisticated, moving from disrupting and defacing U.S. websites to engaging in cyber espionage, security experts say.

According to Silicon Valley-based cybersecurity company FireEye Inc (FEYE.O: Quote, Profile, Research, Stock Buzz), a group called the Ajax Security Team has become the first Iranian hacking group known to use custom-built malicious software to launch espionage campaigns.

May 12, 2014
    • About Jim

      "Jim works in the Reuters Boston bureau covering cyber security, hacking and technology privacy issues. He’s been with Reuters since 2005. He previously covered technology, media and biotechnology for Broadcasting & Cable, the Orange County Register and Bloomberg News out Tokyo, Taipei, San Francisco, Los Angeles and Santa Ana, California."
      Joined Reuters:
      English, Mandarin
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