How the Grinch Stole IoT — Level 3 Threat Research Labs reports on the Mirai malware, which has spawned numerous botnets, including the one responsible for the distributed denial-of-service attack that took down the popular KrebsOnSecurity blog (previously).
A paper from Justin M. Rao and David H. Reiley in the Journal of Economic Perspectives (full-text pdf) about spam economics. [more inside]
50 million computers are after your passwords, your money, and your processor time (single PDF link). No wonder William Gibson's new novel is set in the present: the world is fully caught up with any future we could make up. The business of spamming, carding and phishing supports and runs off a peculiar distributed platform: a market-allocated collection of ad-hoc peer-to-peer content delivery networks running on hijacked browsing appliances' stolen processor cycles. [via BoingBoing comment, previously on Metafilter].