Uber paid hackers $100,000 to keep quiet about a 2016 breach that exposed 57 million accounts belonging to customers and drivers, Bloomberg reports. But was the payment a bug bounty, as Uber has suggested, or really an extortion payoff and hush money?
U.S. prosecutors have unsealed an indictment against an Iranian man charged with trying to extort entertainment company HBO for $6 million in bitcoins. The case marks a rare public naming of someone accused of cyber extortion, which poses an increasing risk for all organizations.
HealthcareInfoSecurity Executive Editor Marianne Kolbasuk McGee reflects on the just-concluded Healthcare Security Summit in New York in the latest edition of the ISMG Security Report. Also, PCI Security Standards Council CTO Troy Leach addresses ransomware risks.
Kaspersky Lab says it "inadvertently" scooped up classified U.S. documents and code from an NSA analyst's home computer, but suggests it wasn't the conduit by which the material ended up in Russian hands. It claims that the computer was riddled with malware.
The latest ISMG Security Reports leads with a top DHS cybersecurity leader, Jeanette Manfra, providing a case study on how information sharing helped mitigate the WannaCry attack in the U.S. Also, the SEC mulls toughening its cyber risk reporting requirements.
Rare, massive data breaches don't necessarily pose the greatest risk to organizations, according to a new study co-authored by Google researchers. Also beware of quiet pedestrian schemes - think phishing, keyloggers - and attack tactics unchanged since the mid-2000s.
All U.S. publicly traded companies should review how they internally disseminate breach information and expect to see revised cybersecurity guidance, says William Hinman, the director of corporation finance for the U.S. Securities and Exchange Commission.
Security practitioners must do a much better job of prioritizing their investments based on the most significant risks their organizations face, says Zulfikar Ramzan, chief technology officer at RSA, who offers insights on "fighting the right battle."
The former CEO of Yahoo, which has had 3 billion records exposed in a 2013 data breach, testified at a Senate hearing that it's tough for any corporation to defend against nation-state backed cyberattacks. That led senators to grill Marissa Mayer about the security steps Yahoo had taken.
Former Yahoo CEO Marissa Mayer may have envisioned spending her post-Yahoo days seeking new work or experimenting with other search engines. Instead, she gets to sit in a Senate hot seat alongside former Equifax CEO Richard Smith, defending past data breach response decisions.
The ISMG Security Report leads with a discussion about the sale of compromised remote desktop protocol credentials for as little as $3 on darknet marketplaces. Also, grading the performance of DHS in sharing cyberthreat information.
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Fraudulent SWIFT money-moving attacks continue, as one of Nepal's largest private-sector commercial banks, NIC Asia Bank, says attackers tried to steal $4.4 million after hacking its SWIFT server. Most of the funds have since been recovered.