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Fraud Management & Cybercrime

Roger Stone Found Guilty on All 7 Counts

Scott Ferguson  •  November 15, 2019

Roger J. Stone, Jr., a long-time associate of President Donald Trump, was found guilty Friday of lying to Congress, obstruction and witness tampering related to his efforts to feed the Trump campaign inside information about WikiLeaks in 2016. He'll be sentenced in February.

Cybercrime

7 Takeaways: Insider Breach at Twitter

Mathew J. Schwartz  •  November 15, 2019

Why try to hack Silicon Valley firms if you can buy off their employees instead? Such allegations are at the heart of a criminal complaint unsealed last week by the Justice Department, charging former Twitter employees with being Saudi agents. Experts say tech firms must hunt for employees gone rogue.

Anti-Phishing, DMARC

Phishing Campaigns Spoof Government Agencies: Report

Akshaya Asokan  •  November 15, 2019

A newly discovered hacking group is using an array of sophisticated spoofing and social engineering techniques to imitate government agencies, including the U.S. Postal Service, in an effort to plant malware in victims' devices and networks via phishing campaigns, according to new research from Proofpoint.

Cyberwarfare / Nation-State Attacks

Risky Dialing: Trump Call Raises Security Worries

Jeremy Kirk  •  November 15, 2019

A House impeachment hearing has revealed that President Donald Trump spoke by phone with a key ambassador - who was sitting in a Kiev restaurant - about "investigations." If that mobile phone call was unsecured, security experts say, foreign intelligence agencies could have intercepted it.

Fraud Management & Cybercrime

Analysis: Instagram's Major Problem With Minors' Data

Nick Holland  •  November 15, 2019

The latest edition of the ISMG Security Report offers an in-depth analysis of whether Instagram is doing enough to protect the contact information of minors. Plus: Compliance updates on GDPR and PCI DSS.

Business Continuity Management / Disaster Recovery

Ransomware: Mexican Oil Firm Reportedly Refuses to Pay Up

Akshaya Asokan  •  November 14, 2019

Pemex, Mexico's state-run oil company, is refusing to pay attackers a $5 million ransom after a ransomware attack against the firm's administrative offices, according to news reports. The company is still attempting to recover.

Cybercrime

The Dark Web's Automobile Hacking Forums

Jeremy Kirk  •  November 14, 2019

There are robust and detailed discussions in cybercriminal forums on how to attack modern vehicles, seeking clandestine methods to steal cars, says Etay Maor of IntSights. Luckily, hackers aren't aiming to remotely trigger an accident, but there are broader concerns as vehicles become increasingly computerized.

Governance

Researchers Describe Significant Flaw in Intel's PMx Driver

Jeffrey Burt  •  November 13, 2019

Researchers at Eclypsium have revealed new details concerning a significant flaw in Intel's PMx driver, which they say could give attackers "near-omnipotent" control over devices. Intel has released an updated version of the driver, a key step in mitigating risks.

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Fraud Management & Cybercrime

Multilayered Security Gets Personal

Tom Field  •  November 13, 2019

When large-scale data breaches started to proliferate more than a decade ago, security leaders called for end-to-end data encryption. But that approach no longer suffices, says First Data's Tim Horton, who calls for a new multilayered defense.

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Governance

'Devaluing' Data to Protect It

Scott Ferguson  •  November 13, 2019

In today's digital environment, protecting sensitive information and sales transaction data is of critical importance. Tim Horton of First Data explains the concept of "devaluing" data so it's worthless in the event of a breach.

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Fraud Management & Cybercrime

EMV 3D Secure: Upcoming Milestones

Tom Field  •  November 13, 2019

The EMV 3D Secure specification faces some milestone dates in Europe and the U.S. What are these milestones, and how does the standard fit into fundamental fraud defenses? Jackie Hersch of Fiserv shares insight.

Governance

Microsoft Will Apply California's Privacy Law Nationwide

Jeremy Kirk  •  November 12, 2019

Microsoft will apply the core rights of the California Consumer Privacy Act across all its customers in the U.S., which could nudge other technology companies in the same direction as online privacy becomes an increasing concern. The move is significant in that the technology industry has lobbied against parts of the...