The European agency responsible for overseeing consistent application of privacy law on the continent says it has reservations about the legal framework underpinning commercial trans-Atlantic data flows as the framework moves toward formal acceptance by the European Commission.
The Federal Trade Commission is warning Amazon and One Medical to abide by their promises to protect consumers' data privacy. The statement comes in the wake of Amazon's $3.9 billion purchase of the primary healthcare on-site and virtual services provider.
Security researchers uncovered an investment scam network that draws on an online infrastructure of hundreds of hosts and thousands of domains to target primarily Indian victims by impersonating Fortune 100 companies. Most payment amounts defaulted to Indian rupees.
As U.S. prosecutors continue to probe collapsed cryptocurrency exchange FTX, Nishad Singh, the former head of engineering, has pleaded guilty to multiple criminal charges and agreed to assist prosecutors with their case against founder Sam Bankman-Fried, accused of orchestrating billions in fraud.
Faster payment technology has been around for years, but fraud continues to dominate the conversation, says Reed Luhtanen of the U.S. Faster Payments Council. Luhtanen says all payment systems have a fraud problem, and firms will be able to curb faster payment fraud with more experience and data.
The situation at LastPass keeps getting worse: The company says hackers implanted keylogger software on a DevOps employee's home computer to obtain access to the corporate vault. Customer vault data can be decrypted only with the end user master password, which LastPass doesn't store.
With signs pointing to a global economic downturn, cybersecurity organizations are already thinking about managing budgets and doing more than less. Four CISOs share a wide range of belt-tightening tips, from putting the squeeze on your vendors and suppliers to training and hiring from within.
For the first time in its 17-year history, application security vendor Checkmarx will have a new leader. The company has tapped Sandeep Johri, the longtime chief executive at software testing vendor Tricentis, to serve as its new CEO less than two years after being acquired by Hellman & Friedman.
Hackers maliciously encrypted a system belonging to the U.S. Marshals Service, compromising and exfiltrating sensitive data law enforcement data. "The system was disconnected shortly and the Department of Justice initiated a forensic investigation," said an agency spokesman.
A case before the U.S. Supreme Court may limit federal prosecutors' ability to bring charges of aggravated identity theft. A Texas man convicted of overbilling Medicaid argued Monday he's not also guilty of identity theft since he had a patient's permission to submit the bill.
A leader of an international crime network that attempted to launder more than $25 million in fraudulently obtained funds, including through business email compromise, received a sentence of more than a decade in prison. Valentine Iro, 34, pleaded guilty to conspiracy to engage in money laundering.
CyberMaxx has landed the former CEO of cloud security vendor Threat Stack to bring offensive and defensive cybersecurity services together on one platform. The Nashville-based firm has tasked Brian Ahern with creating managed detection and response bundles with offensive and defensive capabilities.
A Chinese law requiring mandatory disclosure to the government of vulnerability reports appears to be paying dividends for state-connected hacking. "The Chinese government is up-leveling their capabilities," says Adam Meyers, senior vice president of intelligence at CrowdStrike.
The Australian government says it will centralize its approach to securing federal agencies by appointing a coordinator to head the new National Office for Cyber Security within the Department of Home Affairs. The appointment comes after back-to-back major data breaches.
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