The March SamSam ransomware attack in Atlanta is reported to have cost the city $17 million to resolve. The attackers had asked for a $51,000 bitcoin ransom, which the city refused to pay. But Gartner Research analyst Avivah Litan stresses that paying ransoms has more cons than pros.
With less than three months to go until the U.S. midterm elections, Alex Stamos, until recently Facebook's CSO, says there isn't time to properly safeguard this year's elections. But here's what he says can be done in time for 2020.
Kaspersky Lab has discovered a new form of malware it calls Dark Tequila that has been targeting users in Mexico and stealing bank credentials and other personal and corporate data. The malware can move laterally through a computer while it's offline, says Dmitry Bestuzhev, a Kasperksy researcher.
U.K. health and beauty retailer Superdrug Stores is warning customers that attackers may have compromised some of their personal information, apparently because they'd reused their credentials on other sites that were hacked. While Superdrug quickly notified victims, it stumbled in three notable ways.
Cybercrime is a business and, like any business, it's driven by profit. But how can organizations make credential theft less profitable at every stage of the criminal value chain, and, in doing so, lower their risk?
A federal judge in California has given final approval to a $115 million settlement involving health insurer Anthem over its 2015 data breach. The settlement is the largest ever reached in a data-breach related class action suit, but most victims will see no money.
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.
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.
Much of the attention around Chinese hacking is directed toward advanced threat groups suspected to have links to China's government. But a new report shows that the nation's hacking goes far deeper, and there's a thriving scene that has adapted to an internet heavily controlled by the government.
Espionage: Every nation does it. But for nation-state hacking that targets intellectual property or interference in political affairs, the U.S. has been using criminal indictments against individuals as a diplomatic way of saying: "We see what you're doing, now knock it off." But does it work?