In this week's roundup: an incident affecting News Corp and ransomware at Dish Network, Washington's Pierce Transit and the U.S. Marshals Service. Also: a DDoS attack on Danish hospitals from a threat actor that isn't what it claims and a bit of good news about a ransomware decryptor.
The Biden administration has unveiled its new national cybersecurity strategy, detailing top challenges facing the U.S. and plans for addressing them. Goals include minimum security requirements for critical infrastructure sector organizations and liability for poor software development practices.
Security researchers uncovered an investment scam network that draws on an online infrastructure of hundreds of hosts and thousands of domains to target primarily Indian victims by impersonating Fortune 100 companies. Most payment amounts defaulted to Indian rupees.
As U.S. prosecutors continue to probe collapsed cryptocurrency exchange FTX, Nishad Singh, the former head of engineering, has pleaded guilty to multiple criminal charges and agreed to assist prosecutors with their case against founder Sam Bankman-Fried, accused of orchestrating billions in fraud.
Faster payment technology has been around for years, but fraud continues to dominate the conversation, says Reed Luhtanen of the U.S. Faster Payments Council. Luhtanen says all payment systems have a fraud problem, and firms will be able to curb faster payment fraud with more experience and data.
With signs pointing to a global economic downturn, cybersecurity organizations are already thinking about managing budgets and doing more than less. Four CISOs share a wide range of belt-tightening tips, from putting the squeeze on your vendors and suppliers to training and hiring from within.
For the first time in its 17-year history, application security vendor Checkmarx will have a new leader. The company has tapped Sandeep Johri, the longtime chief executive at software testing vendor Tricentis, to serve as its new CEO less than two years after being acquired by Hellman & Friedman.
Hackers maliciously encrypted a system belonging to the U.S. Marshals Service, compromising and exfiltrating sensitive data law enforcement data. "The system was disconnected shortly and the Department of Justice initiated a forensic investigation," said an agency spokesman.
A case before the U.S. Supreme Court may limit federal prosecutors' ability to bring charges of aggravated identity theft. A Texas man convicted of overbilling Medicaid argued Monday he's not also guilty of identity theft since he had a patient's permission to submit the bill.
A leader of an international crime network that attempted to launder more than $25 million in fraudulently obtained funds, including through business email compromise, received a sentence of more than a decade in prison. Valentine Iro, 34, pleaded guilty to conspiracy to engage in money laundering.
A Chinese law requiring mandatory disclosure to the government of vulnerability reports appears to be paying dividends for state-connected hacking. "The Chinese government is up-leveling their capabilities," says Adam Meyers, senior vice president of intelligence at CrowdStrike.
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.