French film production and distribution company Pathe fired the two senior managers overseeing its Dutch operations after they fell victim to a business email compromise scam and approved $21 million in transfers to fraudsters. Many organizations remain at high risk from such scams.
An analysis of a crackdown on criminals' use of encrypted communications leads the latest edition of the ISMG Security Report. Also: a preview of ISMG's Healthcare Security and Legal & Compliance summits, including expert insights on vendor risk management.
Once again, a supposedly secure service allegedly marketed to criminals has proven to have limits. Dutch police have busted a "cryptophone" operation, allowing them to decrypt more than 258,000 encrypted chat messages, leading to a drug lab bust, 14 arrests and the seizure of cash, drugs and weapons.
HSBC Bank is warning some of its U.S. customers that their personal data was compromised in a breach, although it says it's detected no signs of fraud following the "unauthorized entry." Security experts say the heist has all the hallmarks of a credential-stuffing attack campaign.
Pakistan says the nation's banks have not been hacked, but adds that they are taking defensive steps after nearly 20,000 payment card details appeared for sale online. The State Bank of Pakistan says banks are implementing restrictions on international transactions.
Georgia quietly fixed two flaws in its voter registration website that could have exposed personal information. How the secretary of state's office discovered the flaws and reacted suggests it may have erred when making a sensational accusation against the Democrats on the eve of the U.S. midterm elections.
As we approach 2019, is it realistic to think the end of our dependency on traditional user names and passwords is in sight? Shane Weeden, and authentication expert with IBM Security, discusses the future of authentication and why he's encouraged by the FIDO2 initiative.
Georgia's Republican gubernatorial candidate has accused the state's Democratic Party of attempting to hack the state's voter registration database. The accusation, from Brian S. Kemp, is complicated by his also being the state's current secretary of state, supervising election infrastructure and security.
Identity and access management is not about compliance anymore - It's really about security, says Gartner's Felix Gaehtgens. With cloud, virtualization, DevOps and other IT trends, IAM has evolved from being a one-off project to an ongoing initiative.
Want to better block business email compromise - CEO fraud - attacks outright, as well as be able to spot and respond more quickly to any BEC attacks that get through? Incident responder David Stubley details essential defenses all businesses should put in place now.
Australia's largest defense exporter says it hasn't responded to an extortion attempt after ship design schematics were stolen by a hacker. Austal says the material is neither sensitive nor classified.
The latest edition of the ISMG Security Report features Kevin McDonald of the Mayo Clinic discussing how to secure connected medical devices. Plus, updates on the indictments of Chinese agents for hacking and the unveiling of the Financial Services Sector Cybersecurity Profile.
Malicious bots and botnets are becoming increasingly common and sophisticated, and enterprises need to address them in their risk assessments and security frameworks, says Akamai's Aseem Ahmed.
Radisson Hotel Group has suffered a data breach that resulted in the theft of data for its global loyalty program members. The company, which operates 1,400 hotels, says the breach touched data for "less than 10 percent" of all Radisson Rewards members, but it hasn't released a victim count.
Private sector organizations in Canada must now report all serious data breaches to the country's privacy watchdog as a result of new provisions in Canada's PIPEDA privacy law. Violators face fines of up to $100,000 for every breach victim they fail to notify or breach they attempt to hide.
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