South Korean cryptocurrency exchange Upbit says hackers have stolen $49 million worth of ethereum, in what is the year's seventh major cryptocurrency heist. Much of the $158 million stolen so far this year is likely fueling the North Korean regime's appetite for luxury goods and weapons of mass destruction.
Instead of proving a flash in the pan, enthusiasm for cryptocurrency has grown - and with it the associated fraud. Cyber criminals were quick to develop malware with the aim of stealing cryptocurrencies, with attackers finding ways to exploit the anonymity offered.
In June, I wrote an in-depth story about how millions of Instagram users worldwide under 18 years old were exposing their email addresses, phone numbers or both. Instagram has finally made a change to address the issue - but it doesn't go far enough.
Despite organizations enduring decades of security policies, programs, plans, metrics and awareness training, CISOs still complain that too many employees are failing at the cybersecurity basics, says Virtually Informed's Sarb Sembhi.
What's the best way to spring your citizens from foreign jail if they've been detained on U.S. hacking charges? That's a question that continues to plague Russia, including in the ongoing case against Aleksey Burkov, who's been charged with being part of a $20 million payment fraud scheme.
According to Ricardo Villadiego, Lumu Technologies' Founder and CEO, organizations are "sitting on a gold mine: their own data". Under the single premise that organizations should assume they are compromised and prove otherwise, Lumu seeks to empower enterprises to answer the most basic question: Is your organization...
The U.S. National Security Agency is the latest intelligence agency to warn that unpatched flaws in three vendors' VPN servers are being actively exploited by nation-state attackers. Security experts say such alerts, which are rare, are a clear sign that serious damage is being caused.
Code reuse kills - software quality, that is, according to a new study of C++ code snippets shared on Stack Overflow that were reused in more than 2,800 GitHub projects. But there's help for organizations that want to support their developers' urge to cut and paste prewritten code snippets.
"Cyberattacks are one of the unfortunate realities of doing business today," reads gaming company Zynga's data breach notification, thus breaking the first rule of crisis management: Own your mistakes. Hacker Gnosticplayers claims the company was still storing passwords using outdated SHA1.
The city of Baltimore's ransomware outbreak - $18 million in costs and counting - led to many crypto-locked files being lost forever, because no IT policy mandated centralized file backups. But effective IT solutions exist to help solve this challenge, provided they're deployed in advance of an attack.
Ahead of the release of Edward Snowden's memoirs chronicling his decision to bring illegal "big data" domestic U.S. surveillance programs to light, a former NSA intelligence specialist points out that the U.S. still lacks a whistleblowing law to protect intelligence workers who spot illegal activity.
This week's ISMG Security Report takes a close look at whether an iPhone hacking campaign may be linked to Android spying campaigns by China. Plus: Do ransomware gangs target organizations that have cyber insurance?