Britain's privacy watchdog has proposed a record-breaking $230 million fine against British Airways for violating the EU's General Data Protection Regulation due to "poor security arrangements" that attackers exploited to steal 500,000 individuals' payment card data and other personal details.
HSBC paid a record $1.92 billion fine for money laundering violations in 2012. But no one ever went to jail for the crimes. Whistleblower Everett Stern discusses lessons learned from the case and the concept of "too big to jail."
Déjà vu basic cybersecurity challenge all over again: With the U.S. government warning that geopolitical tensions could trigger wiper-attack reprisals, security experts review the basic anti-wiper - and anti-ransomware - defenses organizations should already have in place.
A distributed denial-of-service attacker who crashed a popular gaming service at Christmas has been sentenced to serve 27 months in prison. Austin Thompson has also been ordered to pay $95,000 in damages to Daybreak Games.
A recent $3 million bank heist in Bangladesh is likely the handiwork of "Silence," a Russian-speaking gang known for its slow and methodical attacks against banks and ATMs, according to an analysis by security firm Group-IB.
The U.S. Cyber Command has issued a warning that attackers are attempting to exploit an older vulnerability in Microsoft Outlook to plant remote access Trojans or other types of malware within government networks. Some researchers say the exploits could be tied to an Iranian-backed threat group.
Malicious actors are increasingly using social media platforms to spread malware to unsuspecting victims. In the latest incident, Facebook removed more than 30 pages from its platform after security analysts with Check Point Research found that a hacker had loaded them with malware.
The cyberattack earlier this year against Indian outsourcer Wipro, as well as several of its customers, is part of a much larger, multiyear phishing campaign that involves many more companies used as jumping off points, according to RiskIQ, which says the attackers apparently are manipulating gift cards.
Six major cloud services providers apparently were victims of Cloud Hopper, an umbrella name for deep cyber intrusions suspected to originate in China, Reuters reports. The report also alleges Cloud Hopper-affected companies withheld information from their clients for reasons of liability and bad publicity.
Six suspects have been arrested as part of a 14-month international police probe into the theft of at least $28 million worth of bitcoin cryptocurrency from more than 4,000 victims in at least 12 countries. Investigators say attackers appear to have "typosquatted" legitimate bitcoin exchange sites.
The early days of email attacks - so much noise in the form of malware, spam and links - have given way to attacks that often rely on little more than words, and email gateways often struggle to arrest social engineering ploys, says Michael Flouton of Barracuda Networks.
Bad news for anyone who might have hoped that the data breach problem was getting better. "Anecdotally, it just feels like we're seeing a massive increase recently," says Troy Hunt, the creator of the free "Have I Been Pwned?" breach-notification service. Unfortunately, he says, the problem is likely to worsen.
A new report from Accenture highlights five key areas where cyberthreats in the financial services sector will evolve. Many of these threats could comingle, making them even more disruptive, says Valerie Abend, a managing director at Accenture who's one of the authors of the report.