Known losses due to business email compromise have exceeded $12.5 billion worldwide, the FBI's Internet Complaint Center reports, adding that fraudsters are increasingly targeting the U.S. real estate sector with such scams.
The latest edition of the ISMG Security Report features a discussion of California's groundbreaking new privacy law as well as an update on the potential impact of the hacker group responsible for the Ticketmaster breach.
Magecart, the criminal group behind the recent data breach at certain Ticketmaster websites, may have also hit the company's sites in Australia, New Zealand, Turkey and Hungary, according to RiskIQ, which says the group's digital payment card skimmers may also affect as many as 800 other e-commerce sites.
Timehop, an application that revives older social media posts, says the lack of multifactor authentication on a cloud services account led to a data breach affecting 21 million users. The breach exposed names, email addresses, phone numbers and access tokens Timehop used to read information from accounts.
Australian medical booking platform HealthEngine offered AU$25 (US$19) gift vouchers to dental patients who sent photos of their treatment invoices to the company, which it positioned to patients as "invaluable" research. Privacy experts say the company may have fallen afoul of Australian privacy guidelines.
A new initiative by the Cyber Readiness Institute aims to promote best cybersecurity and vendor risk management practices to smaller enterprises. RiskRecon founder and CEO Kelly White offers his perspective on converting standards to practices.
It's a fair question: Can you trust the fraud advice you're given from a former fraudster? Especially one who's betrayed law enforcement before? Brett Johnson says he's abandoned crime for good, and he shares insight on the types of fraud schemes he once practiced.
Leading the latest edition of the ISMG Security Report: CipherTrace CEO Dave Jevans discusses recent research on cryptocurrency money laundering and whether regulation is possible. Plus, California passes a new privacy law.
Patch management problem: Organizations must identify and fix all new vulnerabilities in their software and hardware as quickly as possible. Unfortunately, on average, attackers keep exploiting flaws faster than they're being patched, says Tenable's Gavin Millard.
With endpoint security, the fundamental concept was always to detect and prevent. Mature security strategies today are increasingly looking at response and remediation as well to complete the cycle, says Shrenik Bhayani of Kaspersky Lab.
To have any hope of keeping up "with the exponential rise in variants in malware," organizations must reduce their attack surface, in part by using technology designed to learn what attacks look like and respond as quickly as possible, says Cylance's Anton Grashion.
Businesses undertaking digital transformation - typically involving a push to the cloud, amongst other initiatives - must put security first if they want their project to achieve optimum success, says Fortinet's Patrick Grillo.
The difficulty in hiring new information security personnel and need to combat the ever-rising number of threats is driving many organizations to seek increased incident response automation, and in many cases to get it by working with managed security service providers, says AlienVault's Mike LaPeters.
As organizations move more data into the cloud, too many are treating security as an afterthought, says Outpost24's Bob Egner. Instead, as part of an agile development program, he recommends making penetration testing a constant, and using solid DevSecOps to maintain optimal cloud data security.
Much more must be done to shore up the U.K.'s national infrastructure. "It's partly austerity, and it's partly what's happening in the global economy, but we've really seen an underinvestment, specifically in the critical national infrastructure," says LogRhythm's Ross Brewer.