Scotland-based Tesco Bank has blocked all online transactions tied to customers' current accounts after money was stolen from 20,000 of those accounts and the bank detected suspicious activity involving another 20,000 accounts, according to CEO Benny Higgins.
Will the advent of faster payments in the U.S. open new doors for fraud? Business continuity and security are priorities for the Federal Reserve, says Marianne Crowe of the Boston Fed. But independent consultant Richard Party begs the question: Is the U.S. really ready?
I'm looking forward to this week in London, where Jason Tunn of the Metropolitan Police Service will walk us through a high-profile cybercrime investigation that resulted in the 2015 arrest of two British hackers with links to Russia after they attacked leading U.K. banks with the Dridex banking Trojan.
The latest ISMG Security Report features a special report on potential cyber threats that could damage the integrity of the U.S. presidential election. Also, an analysis of the harm caused by Australia's largest breach of personal information.
The ransomware-as-a-service operation known as Cerber is earning at least $200,000 per month via ransoms paid by victims, says Check Point Software Technologies' Gadi Naveh. In an audio interview, he explains that bitcoins and high levels of automation are key to the operation's success.
A potentially explosive story suggests that there were secret communications between Russia and U.S. presidential candidate Donald Trump's business. But computer security experts have dismissed the report, saying it's based on a flawed interpretation of technical information.
This year, the annual Black Hat Europe conference decamps from Amsterdam to London. What's in store? Everything from mobile ransomware and quantum-resistant crypto to "ego markets" and how to turn Belkin IoT devices into launch pads for DDoS attacks.
The Shadow Brokers - the group that released what are purported to be hacking tools tied to the NSA - returns with what it claims to be a list of exploit-staging servers used by the U.S. intelligence agency to stage its cyber-attack and surveillance operations.
After 10 days of Microsoft not issuing an advisory or fix for a zero-day flaw found by Google that's being actively exploited in the wild, Google publicly revealed details of the flaw. But Microsoft says that puts its users at further risk.
An evaluation of new U.S. government guidance to prevent the hacking of automotive computers and electronics leads the latest ISMG Security Report. Also, IBM takes responsibility for the impact of a DDoS attack and a preview of the ISMG Healthcare Security Summit.
The malware-infected IoT army that disrupted domain name server provider Dyn was composed of, at most, 100,000 devices, the company estimates in an after-action report. But claims that the attacks peaked at 1.2 Tbps remain unconfirmed.
Chinese manufacturer Xiongmai will recall up to 10,000 webcams in the wake of the IoT-powered DDoS attacks that pummeled DNS provider Dyn. But information security experts say that only a more resilient internet will blunt future attacks.
Evaluating ways to thwart massive distributed denial-of-service attacks leads the latest edition of the ISMG Security Report. Also, explaining how "conspiracy theories" tied to an historic breach of Yahoo will have an impact on the internet company's future.
Apple's security defenses have improved dramatically in recent years, but poorly written drivers in third-party applications could provide key access to critical parts of macOS.
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