Three Ukrainian men who were allegedly part of a hacking gang that stole more than 15 million payment card records from U.S. businesses, sold the data in underground markets and enabled at least $12.4 million in fraud have been arrested in Germany, Poland and Spain at the request of the U.S.
Reddit suffered a data breach in June after attackers managed to bypass its SMS-based two-factor authentication system. User data from 2007 and before was compromised. Security experts say the breach should serve as a reminder that using any two-factor authentication is better than none.
With Australia's data breach reporting law now in effect, its healthcare sector has recently reported the highest number of data breaches - a finding that is sure to intensify the already intense scrutiny of the country's controversial e-health records project.
Struggling European electronics giant Dixons Carphone says its investigation into a 2017 data breach has found that 10 million customers' personal details - up from its previous estimate of 1.2 million - were compromised. It previously reported that 5.9 million payment cards were also compromised.
A large Midwestern health network says a successful phishing campaign exposed a raft of personal and medical data stored in its email systems. The count of affected victims numbers 1.4 million, although investigators believe stealing personal data was not the attackers' goal.
The fundamentals of governance, risk and compliance are sorely lacking in too many organizations that are striving to improve cybersecurity, says Malcolm Palmore, an assistant special agent at the FBI.
Data science is playing a fundamental role in a more dynamic approach to cybersecurity, says Jim Routh, CISO of Aetna, who stresses the importance of applying machine learning to front-line data security controls. Routh will be a featured speaker at the ISMG Security Summit in New York Aug. 14-15.
This edition of the ISMG Security Report features Elvis Chan, a supervisory special agent at the FBI, discussing ongoing efforts to thwart Russian interference in the U.S. midterm election this fall, and Alberto Yepez of ForgePoint Capital addressing cryptocurrency security issues.
Under the EU's General Data Protection Regulation, within 72 hours of an organization learning about the data breach, it must report the breach to relevant authorities or face fines. The U.K.'s data privacy watchdog says it's already seen the volume of self-reported breaches quadruple.
Early experiments are demonstrating how blockchain, the distributed and immutable ledger behind virtual currencies, potentially could play an important role in identity management, says Avivah Litan, a Gartner Research analyst who will be a featured speaker at ISMG's Security Summit Aug. 14-15 in New York.
Alberto Yepez of ForgePoint Capital says cryptocurrency poses new challenges for accommodating the "know your customer" process of confirming that you're "doing business with the people that you want to be doing business with."
Breach defense is a strategic business issue for most enterprises, but too many cybersecurity solutions rely more on flash than substance, says Lastline CEO Chris Kruegel. It's time to start talking about true breach defense.