Cyber Risks · Krebs on Security

White House Aims to Stoke Botnet Fight

Summary: The Obama administration is holding a White House meeting on Wednesday with the Commerce and Homeland Security departments and private-sector executives from the Industry Botnet Group, formed in February, to discuss government and industry botnet efforts. Attendees are expected to announce an information-sharing pilot between ISPs and financial institutions in the Financial Services Information Sharing and Analysis Center, built on an extension of the IODEF standard developed by the Anti-Phishing Working Group.

Bottom line: Botnets drive nearly all criminal commerce online, and Prolexic reported an almost threefold increase in DDoS attacks against its financial services clients in Q1 compared to Q4 2011 - the same period in which an army of more than 120,000 systems knocked KrebsOnSecurity.com offline for several hours.

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Topics
Data Breaches
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