As the pace of technology innovation continues to quicken - including the ability to make payments via everything from Alexa to Facebook Messenger - risk-based security is imperative to maintain a frictionless customer experience, says Tim Ayling of Kaspersky Lab.
Once again, a supposedly secure service allegedly marketed to criminals has proven to have limits. Dutch police have busted a "cryptophone" operation, allowing them to decrypt more than 258,000 encrypted chat messages, leading to a drug lab bust, 14 arrests and the seizure of cash, drugs and weapons.
HSBC Bank is warning some of its U.S. customers that their personal data was compromised in a breach, although it says it's detected no signs of fraud following the "unauthorized entry." Security experts say the heist has all the hallmarks of a credential-stuffing attack campaign.
Many of the devices that go into so-called smart cities and buildings are not built to be secure, making it difficult for security operations centers to manage risk, warns Sarb Sembhi, CTO and CISO of Virtually Informed, who describes what needs to change.
Symantec has announced not one but two acquisitions of private cybersecurity firms: Javelin Networks and Appthority. Meanwhile, a private equity firm announced that it will acquire application security testing firm Veracode from Broadcom for $950 million in cash.
With the U.S. midterm elections occurring on Tuesday, the "trump" keyword remains king for spammers. "Spam campaigners understand the value of brands, and for spam as for ballots, and whether for or against, the election is all about Trump," security firm Proofpoint says.
Criminals wielding crypto-locking ransomware - especially Dharma/CrySiS, GandCrab and Global Imposter, but also SamSam - continue to attack. Insurance firm Beazley says cyber claims for ransomware have increased in recent months, with the healthcare sector hardest hit.
Australia's largest defense exporter says it hasn't responded to an extortion attempt after ship design schematics were stolen by a hacker. Austal says the material is neither sensitive nor classified.
The latest edition of the ISMG Security Report features Kevin McDonald of the Mayo Clinic discussing how to secure connected medical devices. Plus, updates on the indictments of Chinese agents for hacking and the unveiling of the Financial Services Sector Cybersecurity Profile.
Good news for anyone whose data has been crypto-locked by attackers wielding GandCrab, the year's most aggressive strain of ransomware: You may be able to get your data back, thanks to a free decryptor.
British Airways has discovered that hackers compromised payment card data and personal details for 185,000 more customers than it had originally suspected and that its systems were first breached not in August, but April. The airline now counts 429,000 data breach victims.
Australian police have charged a woman in the theft of AU$450,000 (US$318,000) worth of the virtual currency XRP, also known as Ripple, in one of the largest cryptocurrency thefts from a single victim. The case highlights how basic security messaging on protecting cryptocurrency isn't getting through.
Facebook has been slammed with the maximum possible fine under U.K. law for "a very serious data incident" that exposed an estimated 87 million Facebook users' personal details to political campaign influence firm Cambridge Analytica.
Two years after Mirai botnets first appeared, security researchers say telnet-targeting botnets are attempting to compromise internet of things devices by pummeling them with 1,065 different username/password combinations. Some of these attacks are designed to install Linux DDoS malware.
Where is the secret spying chip devised by China that Bloomberg reported had worked its way into at least 30 companies, including Amazon and Apple? The report earlier this month alleging supply chain infiltration by China's People's Liberation Army triggered skepticism from the start - and it's growing.
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