The U.S. Securities and Exchange Commission said it is probing the "compromise" of its X - formerly known as Twitter - social media accounts after a hacker broadcast a fake post claiming the agency had approved spot bitcoin exchange-traded funds, which sent the value of bitcoin rocketing.
Fallout is mounting, and new developments are emerging in several high-profile health data hacks. Data breaches reported in recent weeks and months at a medical transcription vendor, a hospital chain and a law firm are affecting a growing list of clients and individuals - and triggering lawsuits.
Alex Zeltcer, CEO and co-founder at nSure.ai, believes more companies are using AI and gen AI to create synthetic data that will be used to identify fraudulent groups who target online shoppers and gamers. He also observes social engineering at scale, perpetrated by machines, to conduct fraud.
A federally funded health center that provides services to underserved communities in New York has been fined up to $450,000 and must invest $1.2 million in improving its data security, under a settlement with state regulators involving a 2021 ransomware attack that affected about 261,000 people.
The FBI arrested Conor Fitzgerald, the admitted administrator of the notorious, now-defunct BreachForums data breach forum and marketplace, for violating the conditions of his presentencing release, after he allegedly used VPN software and evaded mandatory monitoring of his computers.
The U.S. Department of Justice announced Friday that it has wrapped up its investigation of the xDedic dark web marketplace and successfully dismantled the multinational criminal organizations, leading to charges against 19 individuals, including administrators, developers and customer service reps.
Mimecast announced the acquisition of human risk management solutions specialist Elevate Security as part of its initiative to enhance digital workplace protection. The move aims to address evolving cyberthreats by offering insights into human behaviors and risks and empowering customers.
Iranian hackers targeted the Albanian Parliament using the No-Justice Wiper and other commonly used tools. Albania had severed diplomatic ties with Iran following a July cyberattack that disrupted the country's online governmental services portal.
Machine learning systems are vulnerable to cyberattacks that could allow hackers to evade security and prompt data leaks, scientists at the National Institute of Standards and Technology warned. There is "no foolproof defense" against some of these attacks, researchers said.
A proposed settlement has been reached between Merck & Co. and several insurers that were appealing a 2023 court decision saying the insurance companies could not invoke "hostile warlike action" exclusions in refusing to pay drugmakers' claims filed after the 2017 NotPetya cyberattack.
In the latest weekly update, four ISMG editors discussed the number of ransomware victims who are paying a ransom to cybercriminals, the need for greater cyber resilience during wartime, and the critical role of human risk management in organizational cybersecurity in the era of remote work.
An upstate New York hospital group has filed a lawsuit against cybercriminal group LockBit in a legal maneuver aimed at forcing a Boston-based cloud services firm to turn over patient data LockBit had stolen from the entities last summer and allegedly stored on the tech company's servers.
Ukraine's security intelligence chief said Russian hackers had been responsible for severing internet access and mobile communications from telecom operator Kyivstar in December, after compromising the firm's network months ago. He said the "disastrous" cyberattack had wiped "almost everything."
This week, hackers took over Mandiant's X account, authorities charged a Nigerian hacker with stealing $7.5 million from charities, the DOJ fined XCast $10 million for illegal robocalls, and attackers exploited an SMTP smuggling flaw in a phishing email campaign.
This week, Orbit Chain lost $81 million in a New Year's Eve hack, Indonesian police shuttered bitcoin mining operations, dYdX named its attacker, $324,000 users fell victim to 2023 crypto phishing scams, Singapore's prime minister had a deepfake problem, and 2023 crypto losses decreased by over 50%.
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