Banks need to work toward improving collaboration between their cybersecurity and fraud management departments to boost efforts to mitigate cyberthreats, say Scott Walters and Eric Reddel of the consultancy Booz Allen Hamilton.
A U.K. bank says no customers lost money after cyberattackers attempted account takeovers by rerouting one-time passcodes, Motherboard reports. Such attacks involve unauthorized tampering with Signaling System #7, the protocol used to route mobile phone calls worldwide.
In 2018, the Identity Theft Resource Center counted 1,244 U.S. data breaches - involving the likes of Facebook, Marriott and Exactis - that exposed 447 million sensitive records, such as Social Security numbers, medical diagnoses and payment card data.
Ransomware victims who opted to pay for the promise of a decryption key forked over an average of $6,733 in the fourth quarter of 2018, according to ransomware incident response firm Coveware. It says strains such as SamSam and Ryuk, which demand higher-than-average ransoms, are increasingly common.
Bangladesh Bank, supported by the New York Fed, has filed a lawsuit in U.S. federal court to try to recover $81 million stolen via one of the biggest online bank heists in history. But the Philippine bank the lawsuit targets has dismissed the case as a "political stunt" designed to shift blame.
Apple says it has engineered a server-side fix for a flaw in its FaceTime messaging app and plans to issue a patch for clients this week. The patches will resolve a situation jokingly dubbed "FacePalm" that revealed a bug-reporting gap.
As the U.K. teeters on the edge of a "no deal" Brexit, the country's information commissioner has warned businesses to prepare, saying that any organization that handles Europeans' personal data must ensure they have a legal transfer arrangement in place for continuing to do so.
The notorious xDedic Marketplace Russian-language cybercrime forum and shop remains offline following an international police takedown. Security experts expect xDedic customers to shift to UAS, a rival darknet market that also specializes in stolen and hacked remote desktop protocol credentials.
The digital revolution has given healthcare organizations new tools to increase team efficiency and improve their customer experience. But it's also opened up new vectors that cybercriminals can use to attack. As your attack surface expands to infrastructure that you don't own or control, becomes increasingly...
The latest edition of the ISMG Security Report features an update on what U.S. intelligence chiefs told Congress this week about persistent nation-state cyberthreats, plus reports on evasion tactics used by cryptocurrency money launderers and what government CIOs have to say about security funding.
Apple's conflict with Facebook this week resulted in the most effective and quickest punishment the social network has ever received over a privacy issue. But should a multi-billion dollar tech company like Apple be picking up the slack for the digital privacy enforcement failures of governments?
Apple has revoked Facebook's enterprise certificate, leaving the social network's employees unable to access internal iOS apps, after Facebook used it to distribute an app that monitored smartphone activity, sometimes from minors, in exchange for monthly payments. Facebook says it did nothing wrong.
Airbus says it suffered a hack attack, leading to a breach of "contact and IT identification details" for at least some of its EU employees. The aerospace giant says its investigation continues and that it has notified European privacy authorities, per GDPR requirements.