Despite these financial headwinds, new ways are emerging for FIs to differentiate on the quality of fraud prevention and outreach they can provide to customers.
Initial access brokers continue to sell easy access to networks. Given the uptake of such access by ransomware operations over the past year, one surprise is that relatively few individuals appear to be serving as brokers, which, of course, makes them an obvious target for law enforcement authorities.
Nat Smith, senior director security analyst at Gartner, describes what factors potential buyers should consider when vendors pitch artificial intelligence-enabled security solutions.
The notorious AlphaBay darknet marketplace appears to be getting rebooted by "DeSnake," who claims to have been the security administrator for the previous iteration, which law enforcement officials took down in 2017. Whether buyers and sellers will trust it, or the site will survive any takedown efforts, remains to...
A new U.K. initiative, Police CyberAlarm, is offering free monitoring software to member organizations to help law enforcement officials track suspicious activity, says Andrew Gould of the U.K’.s National Police Chiefs Council.
Microsoft's Patch Tuesday rollout addressed two additional security issues within Windows Print Spooler, including one zero-day. Microsoft's August security update covers 44 vulnerabilities, with seven rated critical. Intel and Adobe also made security fixes.
Artificial intelligence and machine learning can enhance data security by picking up threats in the network earlier, says John Lee, a managing director at the Global Resilience Federation, a nonprofit provider of threat intelligence.
More organizations are taking a "privacy by design" approach to their applications, says Barry Cook, group data protection and privacy officer at VFS Global, a Dubai-based visa outsourcing and technology services company. It's part of an effort to balance privacy and the benefits of convenience.
A hacker breached the blockchain-based Poly Network platform to steal more than $600 million in cryptocurrency, the platform announced Tuesday. But Wednesday, it appeared the hacker had returned some of the stolen assets.
NIST is updating "cyber resiliency" guidance to focus on mitigating modern cyberthreats to IT networks, especially ransomware and nation-state attacks. A draft encourages security defenders to move away from a perimeter-based defense to building resilient IT systems.
The rise of ransomware as a criminal moneymaking powerhouse parallels the services offered by initial access brokers, who continue to offer affordable access to victims' networks - often via brute-forced remote desktop protocol or VPN credentials - to help attackers hit more targets in search of larger profits.
The new BlackMatter Russian-speaking ransomware-as-a-service group, which announced its launch last month, has created a Linux version of its malware designed to target VMware's ESXi servers hosting virtual machines, according to MalwareHunterTeam.
The decision by the Russian-speaking darknet forums XSS and Exploit to ban all chatter relating to ransomware attacks has had a limited impact on cyber gangs' ability to communicate, according to the threat intelligence firm Digital Shadows.
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