Four ISMG editors discuss how security leaders determine the right level of security for the business, the growing risk of business ID theft to enterprises, and the arrest of a developer suspected of working for cryptocurrency mixing service Tornado Cash, for "facilitating money laundering."
Attackers are attempting to reset the passwords of some DigitalOcean customers, the cloud infrastructure provider says. The email addresses of these customers were likely exposed in a data breach involving Mailchimp, which provided transactional email services for DigitalOcean.
Marketers rely on events to create brand awareness and generate demand, and physical events are coming back after the COVID-19 pandemic, says Gily Netzer of Perimeter 81. But "not everybody is traveling," she says, so hybrid events - and SaaS-driven corporate networks - are the future for companies.
Fifty bucks gets cybercriminals access to a phishing-as-a-service platform for campaigns impersonating major brands in the United States and other English-speaking countries. Researchers from IronNet say the prices offered on "Robin Banks" are substantially less than comparable service providers.
U.S. Cyber Command and Security Service of Ukraine revealed malware indicators recently detected in Ukraine, which is resisting invasion by Russia. Cybersecurity firm Mandiant, which has ties to the U.S. military, published a detailed analysis of phishing campaigns with links to Belarus and Russia.
Threat actors carried out smishing attacks on nearly 10,000 Australian students enrolled at Deakin University and downloaded PII of about 47,000 students. Hackers compromised an employee's credentials to access the university's third-party SMS solutions provider to execute the attack.
The "deliberate actions" of a now-fired senior engineer at Customer.io put at risk email addresses of six client companies, including NFT marketplace OpenSea. The email delivery vendor did not specify how many individuals are now at elevated risk of phishing attacks.
Emails shared with NFT marketplace OpenSea were disclosed to an unauthorized external party, the company is warning patrons. Anyone who shared an email address should be on guard for phishing attacks. The cause was a rogue employee at a third-party email delivery vendor.
For the seventh year in a row, business email compromise produced the largest losses of any type of cybercrime, according to Steve Dougherty of the U.S. Secret Service. He says organizations need to build and maintain relationships with law enforcement agencies before an attack happens.
"Credential phishing is off the charts," says Tonia Dudley of Cofense. She discusses the challenge for organizations to strike a balance between having the right controls in place to block malicious emails and stopping the business from receiving legitimate emails.
Abnormal Security is out with new financial crimes research, and it shows that traditional business email compromise is evolving into new forms of financial supply chain compromise. Crane Hassold shares insights on the crimes and how best to detect, deter and respond to them.
The FBI says in an alert that scammers have been posing as Ukrainian entities to fraudulently seek donations and other financial assistance for the war-torn country. The agency says scammers in the past have also used crises as opportunities to cash in with fraudulent donation schemes.
Material Security has closed a $100 million funding round on a $1.1 billion valuation to extend its protection of sensitive content at rest beyond email. The startup will take patents for defending content in old emails and apply them to SaaS applications such as Dropbox, Google Drive and Slack.
Abnormal Security has closed a $210 million funding round on a $4 billion valuation to apply its account takeover prevention technology to areas other than email. The company wants to use its AI to protect accounts across systems and SaaS platforms and in environments such as Workday and Salesforce.
The recent drop in stock prices has presented private equity firms with a golden opportunity to acquire fast-growing public cybersecurity companies without breaking the bank. Financial buyers have taken advantage, scooping up five of the less than 30 public pure-play cybersecurity vendors.
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