Even if China fails to live up to its promise to stop pilfering corporate trade secrets, as America's spy chief predicts, the U.S. could still benefit diplomatically from the two nations' cybersecurity agreement.
Three years after a wave of DDoS attacks hit banks, two years after the Target breach and one year after the massive JPMorgan Chase breach, Standard & Poor's for the first time has warned that it may downgrade the credit ratings of banks that have poor cybersecurity.
In addition to having a dedicated individual or team responsible for privacy matters, organizations must ensure their information security and IT staffs are knowledgeable about data privacy issues, says Trevor Hughes, CEO of the International Association of Privacy Professionals.
The commoditization of attack infrastructure and services in the cyber-criminal underground, and the low cost and ease of launching targeted attacks, are growing concerns that require new defense strategies, says Trend Micro's Raimund Genes.
The U.S. and China, as part of a cybersecurity agreement, have agreed not to conduct or knowingly support cyber-enabled theft of intellectual property with the intent of providing competitive advantages to companies or commercial sectors.
The severity of the U.S. Office of Personnel Management breach continues to grow, with investigators now reporting that hackers stolen 5.6 million people's fingerprint data. The theft may have security implications well into the future.
The number of apps infected in the first large-scale Apple App Store malware outbreak is far higher than was first believed, according to the cybersecurity firm FireEye, which reports that at least 4,000 apps were infected with XcodeGhost malware.
The attacks have evolved, breaches have multiplied, and serious security gaps have been exposed. But what most concerns FireEye President Kevin Mandia? The rise of nation-states as leading threat actors.
Responding to U.S. government criticism of China over its persistent online economic espionage campaigns, Chinese President Xi Jinping says that the Chinese government does not hack other nations, or support Chinese companies that do so, and calls for those responsible for cyberattacks to be prosecuted.
For years, information security experts have been warning users to create complex, unique passwords, and organizations to secure them properly. But an analysis of 12 million cracked Ashley Madison passwords shows how much we're still failing.
President Obama characterizes hacks of American businesses by Chinese hackers as an "act of aggression" against the United States and promises his administration will take action against the Chinese if they don't stop.
Drawn by the potential for low risk and high reward, criminals worldwide are increasingly pursuing online crime instead of conventional forms of property crime, such as burglary and robbery, warns cybersecurity expert Alan Woodward.
If the Chinese government hacked the U.S. Office of Personnel Management for espionage purposes, then the U.S. government's $133 million contract to provide ID theft monitoring services is a waste of money. Instead, the agency could have used the funds to safeguard its systems against future attacks.