Scotland-based Tesco Bank has blocked all online transactions tied to customers' current accounts after money was stolen from 20,000 of those accounts and the bank detected suspicious activity involving another 20,000 accounts, according to CEO Benny Higgins.
Will the advent of faster payments in the U.S. open new doors for fraud? Business continuity and security are priorities for the Federal Reserve, says Marianne Crowe of the Boston Fed. But independent consultant Richard Party begs the question: Is the U.S. really ready?
I'm looking forward to this week in London, where Jason Tunn of the Metropolitan Police Service will walk us through a high-profile cybercrime investigation that resulted in the 2015 arrest of two British hackers with links to Russia after they attacked leading U.K. banks with the Dridex banking Trojan.
The latest ISMG Security Report features a special report on potential cyber threats that could damage the integrity of the U.S. presidential election. Also, an analysis of the harm caused by Australia's largest breach of personal information.
This year, the annual Black Hat Europe conference decamps from Amsterdam to London. What's in store? Everything from mobile ransomware and quantum-resistant crypto to "ego markets" and how to turn Belkin IoT devices into launch pads for DDoS attacks.
An evaluation of new U.S. government guidance to prevent the hacking of automotive computers and electronics leads the latest ISMG Security Report. Also, IBM takes responsibility for the impact of a DDoS attack and a preview of the ISMG Healthcare Security Summit.
Evaluating ways to thwart massive distributed denial-of-service attacks leads the latest edition of the ISMG Security Report. Also, explaining how "conspiracy theories" tied to an historic breach of Yahoo will have an impact on the internet company's future.
There are two Yahoo conspiracy theories: It was hacked by a "state-sponsored actor," and it disabled email forwarding to prevent a post-breach exodus. Although neither scenario appears to be true, that doesn't mean the badly breached search giant is in the clear.
Neutering the army of web-connected devices used in the large internet attack that hampered access to major sites - including Amazon, PayPal, Spotify and Twitter - is technically possible. But no option offers either a great or near-term fix.
Authorities say Yevgeniy Aleksandrovich Nikulin stole credentials from a LinkedIn employee and used them to breach the social networking firm in 2012, in which well over 100 million members' passwords were exposed.
Some 3.2 million Indian debit cards may have been compromised, according to the National Payments Council of India. While investigations are ongoing and several banks have reissued at-risk cards, the source of the card exposure has not been officially confirmed.
Former NSA contractor Harold T. Martin III., who is accused of pilfering mass quantities of highly classified information, will remain in jail until his trial. Martin engaged in "a course of felonious conduct that is breathtaking in its longevity and scale," prosecutors say.
Experts evaluating the likelihood of a hack to alter votes in this year's American presidential election highlights the latest edition of the ISMG Security Report. Also, U.S. federal regulators propose new cybersecurity rules for big banks.