Police in India have launched a formal investigation of a malware attack on a Cosmos Bank ATM server that enabled attackers to siphon off US$13.4 million. Security experts say the incident raises many questions.
An Australian teenager was such a fan of Apple that he hacked into the technology giant's mainframe, according to media reports. The teen has pleaded guilty to stealing 90 GB of sensitive information. But Apple says no customers' personally identifiable information was exposed.
U.S. President Donald Trump signed a presidential order on Wednesday that revokes a set of Obama-era guidelines for offensive cyber operations, The Wall Street Journal reports. The policy change may satisfy critics who contend the U.S. should be able to move faster, but it raises risks of escalating cyber conflict.
Malware detection needs to shift to detecting anomalous behavior, rather than depending on signature-based detection technologies to deal with such threats as sandbox-evading malware, says Verizon's Ashish Thapar.
A phishing attack on Wednesday fueled by the Necurs botnet targeted at least 2,700 banking institutions of various sizes in the U.S. and around the world, explains Aaron Higbee of Cofense, which detected the attack.
The 2018 State of the Phish Report presents analysis of data that can help CISO's and their teams identify opportunities to manage end-user risk. The report delivers the types of data infosec professionals are seeking as they develop their own security awareness training programs.
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A cryptocurrency investor is suing AT&T for $240 million, alleging he lost $24 million in virtual currency after the carrier failed to stop two separate attacks where his phone number was commandeered by attackers. The incident highlights the dangers of using a phone number as an authentication channel.
The Cobalt cybercrime group is targeting as many banks as possible, which poses risks particularly for smaller, less protected institutions, says Tim Bobak, APAC executive director for Group-IB.
Cybercrime investigators will face increasing difficulties if bad actors begin accepting more privacy-centric cryptocurrencies rather than bitcoin, says Andrei Barysevich of Recorded Future.
Deterring nation-states such as Russia and North Korea from executing cyberattacks will require sanctions and other pressure, says Fergus Hanson of the Australian Strategic Policy Institute.
Ransomware has been used against government agencies at the state and federal level throughout 2017. Attacks like WannaCry
which targeted government agencies in May 2017 show the serious implications of when they succeed.
Clearly ransomware is a direct risk for the public sector.
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In the wake of digital transformation and several large, high-profile data breaches - and at a time where all the personal information is shared in the social network - traditional forms of digital identity verification are no longer valid. Customers have zero patience for extra steps, and yet they expect their...
The FBI warns that cybercriminals are planning a large-scale operation aimed at emptying ATMs, a type of attack that has caused swift and costly losses for financial institutions. The attack may utilize data from a breach of an unknown card issuer, the FBI says.
The bad guys are getting very creative, impersonating an executive in your organization and asking for financial reports or they ask employees in payroll to make changes to bank accounts. According to the FBI, their efforts have earned them an estimated $12 billion through Business Email Compromise also know as CEO...
For those who operate downstream from a business's main security architecture, the effect of bots on the most pernicious types of fraud they face is clear. Employing technology to combat bots should be a vital part of any e-commerce merchant's layered defense against fraud.
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