Hackers apparently stole $31 million from accounts that banks keep at Russia's central bank in a series of cyberattacks this year, according to several news reports. The news comes as the country's security service also claims to have fought off broader attacks against the financial services industry.
Today's ISMG Security Report leads off with House Homeland Security Committee Chairman Michael McCaul and DHS Secretary Jeh Johnson lamenting about the congressional bureaucracy that hinders passage of needed cybersecurity legislation.
Cyber espionage and other increasingly sophisticated nation-state cyberattacks will escalate into what amounts to "cyberwar" in 2017, predicts security expert Michael Bruemmer of Experian Data Breach Resolution.
Many members of Britain's Parliament regularly use technology - and tech firms - as a scapegoat for intractable social issues or failed government policies. Does the country's new mass surveillance law now enshrine technology scapegoating into law?
Encrypting healthcare data is a no-brainer, right? It keeps your organization off the Wall of Shame in the event of a breach, and it's just the right thing to do. So, why are so many healthcare entities still failing to encrypt?
Cyberattacks waged by organized crime groups are simultaneously targeting a wider array of industries worldwide, which is why cross-industry threat information sharing is more critical than ever, says Brian Engle, executive director of the Retail Cyber Intelligence Sharing Center.
The Internet Archive, a pioneering 20-petabyte digital repository, is raising funds to replicate its data in Canada. The group's founder fears that the election of Donald Trump as the next U.S. president portends an uncertain privacy rights future.
Facebook says it hasn't seen ransomware spreading through its Messenger instant messaging platform despite recent reports from researchers saying that the file-encrypting Locky may have slipped through.
The latest ISMG Security Report leads with a look at the ransomware attack against San Francisco's light rail agency. Also featured is an analysis of the ongoing fallout from Australia's online census project.
Score one for preparation: In the wake of a ransomware attack that infected 900 workstations, the San Francisco Municipal Transportation Agency says it's restoring affected systems, vowing to not give the attackers a single bitcoin of their ransom demand.