Now a Ukraine bank has reported suffering a $10 million hacker heist via fraudulent SWIFT transfers. Also hear about why attackers often use legitimate IT administrator tools, and organizations' growing use of deception technologies and strategies.
The need for PCI-DSS compliance is being embraced in Southeast Asia and the Middle East, with adoption of PCI standards increasing dramatically over the last five years, says Dharshan Shanthamurthy, CEO of SISA Information Security, who shares insights about why PCI adoption is likely to continue to grow.
Ukraine's central bank has confirmed that one of the country's banks fell victim to a fraudulent SWIFT heist in April. This latest such attack revelation should spur all SWIFT-using banks to assume they've been hacked, until proven otherwise.
While malware may be used for an initial attack, hackers quickly begin using tools to move around networks that often don't raise suspicion. Here's what to look out for to detect a "low and slow" attack.
In the wake of recent SWIFT-related interbank payment heists, more banks are monitoring transactions for anomalous behavior in an attempt to catch fraud in real time, says Andrew Davies, a fraud prevention expert at core banking services provider Fiserv.
So why is Visa temporarily reducing the fraud chargeback burden on non-EMV-compliant U.S. merchants? Mark Nelsen, Visa's senior vice president, says it boils down to this: The card brand wants to give retailers a break while it takes steps to streamline the cumbersome certification of new POS devices.
Google Project Zero researcher Tavis Ormandy has once again found major vulnerabilities in Symantec's security products. Symantec has released updates, but not all will install automatically - some vulnerable products must be manually updated.
An individual claiming to be the hacker who posted four healthcare databases on the dark web reveals some of his tactics. We take a close look at the risks posed to one affected clinic, which faces a ransom demand.
Warning to parents and guardians: Beware of collecting, storing or sharing your child's biometric information - including fingerprints and DNA - even if you're creating a so-called "Child ID Kit," because the data is a natural target for identity thieves.
In a video interview, FBI supervisory special agent Dan Wierzbicki says the bureau wants to work with businesses to improve the information in its cybersecurity alerts as well as to identify threats sooner.
Bangladesh Bank has opted to not extend a contract with the incident response team that it hired to investigate the theft of $81 million via fraudulent SWIFT messages. Meanwhile, similar hack attack tactics have apparently been used to steal $10 million from an unnamed bank in Ukraine.
Britain's surprise vote to "Brexit" the European Union leads the ISMG Security Report. Also hear analysis on a cybercrime forum selling remote server access; Comodo being in hot water by saying "let's encrypt"; and why Facebook CEO Mark Zuckerberg covers his webcam with tape.
Achieving international acceptance of PCI-DSS is an ongoing challenge, says Jeremy King, international director of the PCI Security Standards Council, who's working to educate merchants about baseline security that goes far beyond cardholder data protection.
"Brexit" means that British law enforcement agencies will likely have a harder time taking a bite out of cybercrime as well-regarded intelligence-sharing relationships get severed and must be renegotiated.
Comodo made no new friends last week when it claimed that a nonprofit project, Let's Encrypt, stole its business model. Now, the digital certificate giant says it will not pursue applications aimed at securing trademarks using the phrase "Let's Encrypt."