The latest edition of the ISMG Security Report analyzes a new report that labels ransomware as the No. 1 cybercrime threat. Also featured: A former FBI agent offers an update on "disruptionware" attacks; how Tesla's autopilot is tricked by phantom images.
A newly identified financially motivated threat group, dubbed "FIN11," is deploying Clop ransomware and exfiltrating data from its targets for extortion efforts, according to researchers at FireEye Mandiant.
As new payment trends emerge, such as the surge in ecommerce during the COVID-19 pandemic, payment card standards also must change, says Jeremy King of the PCI Security Standards Council, who will be a featured speaker at ISMG's Virtual Cybersecurity and Fraud Summit: London on Oct. 20.
Yes, a CISO must be technologist and a business risk leader. But more than ever, a CISO also must be a bit of a counselor, says Mark Eggleston, chief information security and privacy officer of Health Partners Plans, who puts mental health support atop his own list of key responsibilities.
A hacking group with suspected ties to Iran's government is again targeting universities in the U.S. and around the world, according to researchers with security firm Malwarebytes. "Silent Librarian" typically attempts to steal intellectual property.
Banking institutions are seeing a significant spike in multi-channel financial crimes. But Duncan Ash and Julio Gomez of Splunk say data and analytics can be key differentiators in the effort to protect sensitive financial data.
To help prevent merchant refund fraud, ecommerce firms must carefully track all data from the time a transaction is initiated until returned items are received at the warehouse, says Karisse Hendrick, an independent ecommerce fraud consultant.
Cybercrime wouldn't exist as we know it today without there being a multitude of technologies and services that criminals have been able to turn to their advantage, and cryptocurrency is one of the prime examples, especially when it comes to ransomware, darknet markets and money laundering.
Business email compromise scams continue to proliferate around the globe, with the U.S. now second only to Nigeria as a home base for the cybercriminal organizations waging the campaigns, according to a study by the security firm Agari.
Organizations worldwide need to be "ruthless in their prioritization" of scarce resources for data security in 2021 and beyond, says Bobby Ford, global CISO of consumer brands giant Unilever, who will be a featured speaker at ISMG's Virtual Cybersecurity and Fraud Summit: London on Oct. 20.
Norway this week accused Russia of hacking the email system of the country's parliament, known as the Storting, in September. Russia calls the accusation "unacceptable."
He's been a police officer, a special agent, a CIO and a CISO. Don Cox has some ideas about cybersecurity leadership and what the CISO reporting relationship should be, and he shares them in this interview.
Despite the takedown of the Trickbot botnet by Microsoft and others Monday, the malware is still functioning, and its operators retain the tools needed to rebuild their malicious network, some cybsersecurity experts say. So the impact, while significant, could prove to be temporary.
Ransomware attacks remain the top cyber-enabled threat seen by law enforcement. But phishing, business email compromises and other types of fraud - many now using a COVID-19 theme - also loom large, Europol warns in its latest Internet Organized Crime Threat Assessment.
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