This edition of the ISMG Security Report features Global Cyber Alliance CEO Phil Reitinger previewing his keynote address at ISMG's New York Fraud and Breach Prevention Summit. He explains why he believes today's approach to cyber risk management is stuck in the "Bronze Age."
The breach of an offshore account owned by Union Bank of India is raising new questions about the security of interbank payments, which often rely on antiquated backend verification processes that fraudsters seem to be compromising with relative ease.
The Democratic Party platform calls for balancing privacy and security concerns, and vice presidential nominee Tim Kaine endorses the formation of a commission to advise Congress on developing digital security and encryption laws.
Ransomware gangs are employing "customer service" agents to field victims' queries in an attempt to maximize their illicit profits, according to security firm F-Secure, which describes the encounters of someone posing as a victim.
Scuffles between anti-virus software vendors have stepped up a notch, with startups and industry stalwarts slinging mud at each other. Cylance now says it plans to make its product available for tests used to benchmark security software.
The new "No More Ransom" portal is designed to emphasize that police and security firms are doing whatever they can to disrupt ransomware gangs, as well as to help more victims get their data back for free, says Intel Security's Raj Samani.
The Global Cyber Alliance is taking on small projects to come up with solutions to big cyber risk problems. "It's essentially using a startup approach to a much bigger problem," CEO Phil Reitinger, who will keynote the upcoming ISMG New York Fraud and Breach Summit, says in this interview.
CEO fraud campaigns are becoming far more common. A recent attack against our company was deflected because of the alertness of a staff member who received a fraudulent wire transfer request, illustrating why well-informed employees truly are the best lines of defense against these schemes.
SentinelOne is taking a marketing gamble by offering to reimburse customers who suffer a ransomware infection if the security firm can't remediate affected systems. But let's take a close look at what's actually on offer.
Security firm ThreatConnect says Guccifer 2.0, who claims to be the lone hacker of the Democratic National Committee, may have close ties to Russia. But after reviewing related technical evidence, not all security experts agree.
The Petya ransomware gang says it released 3,500 crypto keys that it stole - along with source code - from rival Chimera ransomware developers. If the keys are legitimate, security firms say they can build decryption tools for Chimera victims.
Fallout from the leaked Democratic National Committee emails continues, with a new finding that suggests cyberattackers compromised a staffer's personal email account. The FBI also has confirmed its ongoing investigation into the breach.
Leading the latest ISMG Security Report, some security experts expect the United States government to retaliate against Moscow for interfering in the American presidential election if the Obama administration determines the Russian government was behind the hack of Democratic Party computers.
A new portal - NoMoreRansom.org - aims to help ransomware victims avoid having to pay ransoms to get their data back. Backed by Dutch and EU law enforcement agencies, plus security firms Kaspersky Lab and Intel Security, the site includes the first decryptor for Shade ransomware.
An investigative report from Reuters paints a disturbing picture of the Federal Reserve Bank of New York using antiquated security practices to safeguard interbank SWIFT payments. Here's how security experts say interbank transaction security must be improved.