U.S. Cyber Command to Split Off from NSA

CircleID CircleID: The Unites States is finalizing plans to revamp the nation’s military command for defensive and offensive cyber operations in hopes of intensifying America’s ability to wage cyberwar against the Islamic State group and other foes, according to U.S. officials. Lolita Baldor reporting today in PBS: "Under the plans, U.S. Cyber Command would eventually be split off from the intelligence-focused National Security Agency. ... The officials weren’t authorized to speak publicly on the matter so requested anonymity. The goal, they said, is to give U.S. Cyber Command more autonomy, freeing it from any constraints that stem from working alongside the NSA."
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ICANN gives the nod to Donuts-Rightside merger

DomainIncite DomainIncite: ICANN has given its consent to the acquisition of Rightside by rival new gTLD registry Donuts, according to the companies. The nod means that one barrier to the $213 million deal has been lifted. Rightside, which is listed on Nasdaq, still needs the majority of its shareholders to agree to the deal and to satisfy […]

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Junk drop cuts .xyz in half, .top claims volume crown

DomainIncite DomainIncite: The .xyz gTLD has seen its zone file halve in size, as millions of free and cheap domains were not renewed. The former volume leader among new gTLDs started this month with a tad over 5.2 million domains in its zone. But its July 17 zone contained 2.5 million, much less than half as many, […]

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Extreme Cyberattack Could Cost as Much as Superstorm Sandy, Says Insurer Lloyd’s of London

CircleID CircleID: A global cyberattack has the potential to cost $120bn in economic losses, roughly the equivalent of a catastrophic natural disaster like 2012’s Superstorm Sandy, a scenario described in new research by Lloyd’s of London and Cyence, a cyber-risk analytics modeling firm. Findings also reveal that despite the increase in cyber-insurance demand, majority of losses are not currently insured, leaving an insurance gap of tens of billions of dollars.

— "For the cloud service disruption scenario in the report, average economic losses range from US$4.6 billion from a large event to $53 billion for an extreme event. This is the average in the scenario, because of the uncertainty around aggregating cyber losses this figure could be as high as $121 billion or as low as $15 billion."

— "In the mass software vulnerability scenario, the average losses range from US$9.7 billion for a large event to US$28.7 billion for an extreme event. And the average insured losses range from US$762 million to US$2.1 billion."
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Silicon Valley’s Overstuffed Startups; How to Build Your Business Like Facebook

The Frager Factor The Frager Factor: Branson: I’m ‘Excited’ To Be Backing Blockchain Wallet; The Next iPhone May Not Start At $1,200, But It Will Be Very Expensive; Keeping Track Of All These Voice Assistants Is Becoming A Problem; Hedge Your Investment Gains Now Before The Tax Reform Debate; 9 of the best Elon Musk secrets for success; Why Adidas Is Going Beyond Fitness With Its New “All Day” Lifestyle App; Snapchat launches new

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