Check fraud, first-party fraud and AI-related fraud will increase on a massive scale in 2023, thanks in large part to growing insider threats and the global economic slowdown. Frank McKenna, chief fraud strategist at Point Predictive, explains how banks can prepare to tackle these types of scams.
Cybercrime on a global scale is spiraling out of control, and one industry above all seems to be in the crosshairs often: healthcare. Javvad Malik of KnowBe4 discusses how to improve a healthcare organization's security culture and the security awareness of its employees.
The Hive ransomware-as-a-service group claimed responsibility for a data breach involving patients of a U.S. nursing home chain with a checkered past. The chain, Consulate Health Care, posted a notice saying the leak originated at an unnamed vendor.
The United Nations will commence a hearing for its first-ever global treaty on cybercrime this week to focus on state response to cybercrime and coordinated intelligence sharing. The proposed treaty seeks to legally categorize various cybercrimes and develop a unified international response.
U.S. authorities in New York arrested a 24-year-old French national residing in the United Arab Emirates and charged him with defrauding buyers of Mutant Ape Planet NFTs, a type of digital asset, saying he defrauded investors out of more than $2.9 million.
A financially motivated threat actor called Blind Eagle returned from its hiatus and is conducting an ongoing campaign directed at Spanish-speaking targets in the banking industry in Colombia and Ecuador. The hacking group appears to have updated its tools and infection chain.
Pennsylvania-based nonprofit Maternal and Family Health Services this week revealed a ransomware attack in April 2022 that compromised patient medical and financial data. Information accessed in the breach includes names, addresses and Social Security numbers.
Potential regulatory policy moves by the federal government could help healthcare entities dedicate more resources to bolstering their cybersecurity efforts, says Greg Garcia, executive director of cybersecurity at the Health Sector Coordinating Council.
A municipal ambulance services provider that serves 15 cities in a Texas county has reported to federal regulators a ransomware breach potentially affecting 612,000 individuals, which is equivalent to nearly 30% of the county's 2.1 million population.
In the latest weekly update, ISMG editors discuss how collaboration platform Zoom has strengthened its security features, the implications of a new law on medical device security for patient safety, and details on how a zero-day exploit enabled the ransomware hit on cloud computing firm Rackspace.
Hosting giant Rackspace says the recent ransomware attack resulted in Microsoft Exchange data for 27 customer organizations being accessed by attackers. But it says a digital forensic investigation has found "no evidence" that attackers "viewed, obtained, misused or disseminated emails or data."
Seattle police have charged an online retailer's "shopping experience" software programmer with engineering a fraud scheme based on the movie "Office Space," in which malicious software was used to transfer a fraction of every transaction into an outside account.
Expect the recently leaked database containing over 200 million Twitter records to be an ongoing resource for hackers, fraudsters and other criminals operating online, experts warn. Though 98% of the email addresses have appeared in prior breaches, bad actors can merge databases and do more damage.
Cybercriminals are becoming bolder in their attacks on healthcare entities and in how they're compromising patient data - and that's a very worrisome trend, says Nicholas Heesters of the Department of Health and Human Services' Office for Civil Rights.
Coinbase agreed to a $100 million settlement with the New York financial regulator on Wednesday over cybersecurity lapses and failure to comply with anti-money laundering guidelines that allowed criminals to use the platform for fraud, money laundering and other illicit activities.
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