LulzSec: A Drop in the Ocean of Cybercrime.

The LulzSec ring leader, 28 year old Hector Xavier Monsegur has been working closely with the FBI since he was secretly arrested last June. The type of deal he struck with the FBI has not been specified however it is assumed it will have reduced his jail sentence from 124 years.

The list of arrests on Tuesday included one in the United States, two in the UK and two in Ireland.

With the huge amount of hype and press coverage following the worst year of cyber attacks in corporate history, it is no surprise that 20,000 people showed up to the RSA conference last week in San Francisco.

Talks were to highlight the current cyber security crisis and review proposed legislation. During the presentations Robery Mueller, FBI director predicted that cyber threats were set to surpass terrorism as the country’s top threat.

Gregory Roll who went to the conference for advice on security procedures for his large corporate finance employer had this to say: “It’s a constant battle, and we’re losing.”

There appeared to be an overall negative vibe at the convention as people who tipped up for advice came away feeling more nervous, as they heard various CEOs tell their data breach horror stories.

Such stories included that told by James Bidzos, CEO of core internet infrastructure company Verisign, which lost data to hackers in 2010. In addition the CEO of Symantec, Enrique Salem told the audience how the company had recently had their 2006 source code stolen.

Art Coviello, Executive Chairman of RSA said he hoped that something positive could come out of his company’s misfortune through breaches being taken more seriously.

“People have definitely talked more seriously after our breach.”

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