As companies lay off employees and deal with financial challenges during the COVID-19 pandemic, they're also facing an increase in the number of insider fraud incidents, says Randy Trzeciak, director of the National Insider Threat Center at Carnegie Mellon University, who offers fraud detection tips.
The operators behind a family of Brazilian banking Trojans are expanding their operations to other parts of Latin America as well as North America and Europe, according to Kaspersky. Some of these malware variants have been re-engineered to better avoid security tools.
The latest edition of the ISMG Security Report analyzes the latest developments in banning Huawei technology from 5G networks. Also featured are discussions of how to respond better to cybercrime and whether we're on the cusp of a digital currency revolution.
While the Wednesday hijacking of several high-profile and verified Twitter accounts appears to have been confined to a cryptocurrency scam, security experts are warning that the platform's security failures could lead to bigger attacks down the road.
Government officials in the U.S., U.K. and Canada issued a joint advisory Thursday warning that a Russian hacking group is targeting various research organizations in those countries involved in COVID-19 vaccine development.
The Institute of International Finance, a global association of financial institutions, is focusing on strategies for using digital identification and machine learning to combat financial crime, says Matthew Ekberg, a senior policy adviser at the institute.
Several prominent business executives and politicians, including Joe Biden, Elon Musk and Bill Gates, had their Twitter accounts hijacked in what appears to be a cryptocurrency scam, according to news reports. Some security experts believe that two-factor authentication protections failed.
Fraudsters used phishing emails purporting to be a warning from Chase Bank about "unusual activity" on credit cards in an attempt to steal consumers' account credentials, according to Mariana Pereira of the security firm Darktrace.
Malware designed to provide backdoor access to corporate networks, gain administrative privileges and deliver additional payloads was hidden in tax software the Chinese government requires companies doing business in the nation to use, researchers at the security firm Trustwave report.
Britain's U-turn on Huawei, announcing that it will now ban the manufacturer's gear from its 5G networks, highlights this as yet unresolved problem: Years of underinvestment and policy failures have left Britain and its allies with no inexpensive, trusted alternative.
The British government has officially reversed course and will now ban Huawei's telecom gear from its 5G networks. The ban on use of the Chinese firm's equipment, based in part on U.S. sanctions against the manufacturer, goes into effect at year's end.
An Israeli court has dismissed a petition filed by Amnesty International that sought to revoke the security export license of NSO Group, a tech firm that's been accused of selling hacking tools to governments for targeting dissidents, journalists and lawyers.
It's common for security researchers to be ignored when reporting a software vulnerability. The latest example - vulnerabilities found by Independent Security Evaluators in a router made by China-based Tenda.
Data analytics can help auditors identify high-risk areas - a far better approach than relying on random samples, says forensics expert Vincent Walden.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.co.uk, you agree to our use of cookies.