Hackers apparently stole $31 million from accounts that banks keep at Russia's central bank in a series of cyberattacks this year, according to several news reports. The news comes as the country's security service also claims to have fought off broader attacks against the financial services industry.
Today's ISMG Security Report leads off with House Homeland Security Committee Chairman Michael McCaul and DHS Secretary Jeh Johnson lamenting about the congressional bureaucracy that hinders passage of needed cybersecurity legislation.
Cyber espionage and other increasingly sophisticated nation-state cyberattacks will escalate into what amounts to "cyberwar" in 2017, predicts security expert Michael Bruemmer of Experian Data Breach Resolution.
Many members of Britain's Parliament regularly use technology - and tech firms - as a scapegoat for intractable social issues or failed government policies. Does the country's new mass surveillance law now enshrine technology scapegoating into law?
Cyberattacks waged by organized crime groups are simultaneously targeting a wider array of industries worldwide, which is why cross-industry threat information sharing is more critical than ever, says Brian Engle, executive director of the Retail Cyber Intelligence Sharing Center.
The Internet Archive, a pioneering 20-petabyte digital repository, is raising funds to replicate its data in Canada. The group's founder fears that the election of Donald Trump as the next U.S. president portends an uncertain privacy rights future.
Score one for preparation: In the wake of a ransomware attack that infected 900 workstations, the San Francisco Municipal Transportation Agency says it's restoring affected systems, vowing to not give the attackers a single bitcoin of their ransom demand.
A ransomware attack against San Francisco's Muni public transportation network attack over the busy Thanksgiving holiday - and Black Friday shopping - weekend left more than 2,000 fare-handling systems locked, leading officials to let people ride for free.
Organizations in all sectors need to be aware of newly emerging insider threats, including those tied to the dark web, Michael Theis of Carnegie Mellon's CERT Insider Threat Center explains in this video interview.
In September, the annual G20 summit - the gathering of leaders from 20 major global economies- was held in China. NSFOCUS was selected to provide security protection. Guy Rosefelt discusses that mission and its unique challenges.
The latest ISMG Security Report leads with a look at how to protect patient data should President-elect Donald Trump and the Republican-led Congress follow through with their promise to dismantle Obamacare. Also featured is a discussion of whether IoT security should be regulated.
Vulnerable firmware has been highlighted again in a range of low-cost Android phones, raising concerns over their security. This latest incident comes 11 months after security analysts first raised flags.
Cloud-based services can be both a "blessing and curse" when it comes to dealing with security, says John Houston, CISO and associate counsel for the University of Pittsburgh Medical Center, who explains why in this video interview.