It's been nearly seven years since HSBC was fined $1.9 billion by U.S. authorities for money laundering violations involving international drug cartels. But Everett Stern, the former employee who blew the whistle on the bank, continues to tell his story because he believes similar criminal activity is ongoing.
Multiple flaws - all serious, exploitable and some already being actively exploited - came to light last week. Big names - including Cisco, Facebook, Intel and Microsoft - build the software and hardware at risk. And fixes for some of the flaws are not yet available. Is this cybersecurity's new normal?
European privacy authorities have received nearly 65,000 data breach notifications since the EU's General Data Protection Regulation went into full effect in May 2018. Privacy regulators have also imposed at least $63 million in GDPR fines.
With cyberattacks, online espionage and data breaches happening at a seemingly nonstop pace, Western intelligence agencies are bringing many of their capabilities out of the shadows to help businesses and individuals better safeguard themselves and respond. We need all the help we can get.
WikiLeaks founder Julian Assange returned to court on Thursday and told a British judge that he would not voluntarily accept extradition to the U.S. to face a charge of helping to hack into a Pentagon computer, setting up a legal fight that could take months.
Every day needs to be password security day - attackers certainly aren't dormant the other 364 days of the year. But as World Password Day rolls around again, there's cause for celebration as Microsoft finally stops recommending periodic password changes.
Health insurers and financial institutions across Australia are in the final stretch of preparing for a cybersecurity regulation that looks to put companies on a strong footing amidst an increasingly hostile hacking environment. Here's why compliance with the regulation, CPS 234, is challenging.
Canada's privacy commissioner says Facebook violated its privacy laws by failing to protect users' personal data. The commissioner plans to take Facebook to federal court for allegedly refusing to implement recommendations to strengthen its privacy framework.
Nearly one year after the EU's new privacy law came into effect, the U.K.'s National Cyber Security Agency continues to assist organizations that suffer cybersecurity attacks. Both NCSC and law enforcement agencies this week emphasized that they will never report breach victims to privacy watchdogs.
Everett Stern, the whistleblower who called attention to HSBC's international money laundering activities, which ultimately resulted in a $1.9 billion fine, says the crackdown on financial fraud still has a long way to go. He'll be the keynoter at ISMG's Fraud and Breach Summit in Chicago on May 14.
Fraud, e-hustles and social engineering attacks continues to proliferate, the FBI's latest report into the state of internet crime confirms. But over the past year, a new FBI tactic for quickly stopping fraudulent wire transfers has notched notable successes.
From blockchains and surveillance to backdoors and GDPR, a group of leading cryptographers rounded up the top cybersecurity and privacy matters of the day at the cryptographers' panel held at the recent RSA Conference 2019 in San Francisco.
WikiLeaks founder Julian Assange's hacker roots and nontraditional approach to journalism may prove damaging following his arrest on Thursday. He's been charged with one count of conspiracy, but U.S. prosecutors still have time to file more serous charges pending his extradition from the U.K.
Dark patterns are out to get you. The term describes the practice of abusing usability norms to create user interfaces that trick users into divulging their personal details or sacrificing their privacy. Bipartisan legislation proposed in the U.S. Senate, however, would make malicious design illegal.
Yahoo is hoping a revamped proposed breach-related settlement will pass muster with a federal judge who rejected the first one for myriad reasons, including high attorney fees and a lack of transparency. The settlement totals $117.5 million, just ahead of health insurer Anthem's $115 million settlement.