Agencies failing to meet cybersecurity norms
Cyber security attacks have wiped at least $52.4 billion (42 billion pounds) off the value of shares in recent years, according to a report published Wednesday. The study by cyber security consultant CGI and Oxford Economics found that a "significant connection between a severe cyber breach and a company's share price performance" meant that share prices fall 1.8% on average on a permanent basis. Investors in a typical FTSE 100 company would be worse off by an average of 120 million pounds after a breach, according to the study
.. iD crime elaborate ASIC email scam
TOP INCOME INEQUALITY IN THE 21ST CENTURY: SOME CAUTIONARY NOTES NBER
Being forced to buy digital money is the worst kind of scam. Minecraft is trying to cash in.
The recently released WikiLeaks archives of alleged CIA hacking tools have led some cybersecurity specialists to believe that a unit called Umbrage is facilitating CIA false flag operations by acquiring and repurposing techniques – either those found online, stolen from other governments, or purchased from private security firms and illicit groups acting as brokers. Whether the CIA conducts such false flag operations remains unconfirmed. Some commentators – including WikiLeaks – have alleged that that the intention of repurposing tools is to imitate other actors, rather than that the CIA is simply improving its own arsenal. This charge rests on shaky ground at best. After all, once attacks are deployed, others can copy their techniques. A thriving market for hacking techniques has appeared in recent years. It would be surprising if government spy agencies were not taking advantage of it.To add to the confusion, multiple actors sometimes use the same tools. For example, the 2012 attack against Saudi Aramco and the 2014 attack against Sony Pictures had in common a disk-wiping tool called RawDisk. Yet the Saudi Aramco attack has largely been attributed to Iran, while the Sony attack was blamed on North Korea – even resulting in U.S. imposed sanctions.If a false flag operation is to be successful, it cannot rely on a single bogus lead. Some experts question whether any false flag operation can completely deceive everyone. Some false flag gambits may be meant as warning shots. “A state might try to send a signal to another state,” says Maurer, “knowing the victim state will be capable of attributing the true source, while all or most other states will not notice.”Who can see past the false flags to fix blame for cyber attacks? The Kaspersky Lab paper argues that major signals intelligence agencies, particularly the NSA and the UK’s GCHQ, are capable of attributing attacks with certainty and confidence. The problem is, the secret agencies cannot make their cases in public. “As intelligence agencies,” the paper says, “they are blessed with the ability to see but not to publically substantiate, the gift to attribute without being believed.”
How the Government Is Turning Protesters Into Felons Esquire
Courts are ignoring the big questions in privacy cases. [Slate]
How virtual reality (VR) may give rise to tort claims [2-part Volokh Conspiracy: first, second]
This Article argues that we should not imprison people who commit crimes. This is true despite the fact that essentially all legal scholars, attorneys, judges, and laypeople see prison as the sine qua non of a criminal justice system. Without prison, most would argue, we could not punish past crimes, deter future crimes, or keep dangerous criminals safely separate from the rest of society. Scholars of law and economics have generally held the same view, treating prison as an indispensable tool for minimizing social harm. But the prevailing view is wrong. Employing the tools of economic analysis, this Article demonstrates that prison imposes enormous but well-hidden societal losses. It is therefore a deeply inefficient device for serving the utilitarian aims of the criminal law system — namely, optimally deterring bad social actors while minimizing total social costs. The Article goes on to engage in a thought experiment, asking whether an alternative system of criminal punishment could serve those goals more efficiently. It concludes that there exist economically superior alternatives to prison available right now. The alternatives are practicable. They plausibly comport with our current legal rules and more general moral principles. They could theoretically be implemented tomorrow, and, if we wished, we could bid farewell forever to our sprawling, socially-suboptimal system of imprisonment.
|John Clark a lover of all birds|