Card Not Present Fraud , Fraud Management & Cybercrime , ISMG Security Report

Ukraine Sees Bank Heist, Organizations Crave Deception

Audio Report: ISMG Editors Analyze Cybersecurity Developments
Ukraine Sees Bank Heist, Organizations Crave Deception

Yet another bank has reported being the victim of hackers making fraudulent SWIFT transfers. This edition of the ISMG Security Report includes an analysis of a $10 million SWIFT heist from a Ukrainian bank, and the information security implications for all SWIFT-using banks.

You'll also hear (click on player beneath image to listen):

  • A report by Jeremy Kirk, ISMG managing editor for security and technology, about how hackers often use legitimate administrative tools to steal data while disguising their attack, and how information security professionals must respond.
  • A discussion with Varun Haran, ISMG associate editor, about the growing use of honeypot-inspired deception technologies and strategies to help organizations better spot when they've suffered a hack attack.
  • Why Microsoft was forced to pay $10,000 in compensation to a small business owner over a Windows 10 update.

The ISMG Security Report appears on this and other ISMG websites on Tuesdays and Fridays. Be sure to check out our June 28 and July 1 reports, which respectively analyze the cybersecurity, cybercrime intelligence-sharing and privacy repercussions of Britain's "Brexit" from the European Union, and a hacker who calls himself "The Dark Overlord" has been stealing healthcare databases and then attempting to ransom them back to victim organizations in exchange for bitcoins. The next ISMG Security Report will be posted Friday, July 8.

Theme music for the ISMG Security Report by Ithaca Audio under Creative Commons license.

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