Flame is designed to carry out cyber espionage and steal valuable information, including but not limited to computer display contents, information about targeted systems, stored files, contact data and audio conversations.
The proliferation of botnets and malware in cyberspace threatens to undermine the efficiencies, innovation and economic growth of the Internet and diminishes the trust and confidence of online users.
Israel is being blamed - or, perhaps, taking credit - for the creation of Flame, the sophisticated cyberspyware that has targeted organizations in the Middle East, especially its mortal enemy, the government of Iran.
A former PNC Bank manager has pleaded guilty to bank theft - a charge that could lead to 10 years in prison and a $250,000 fine. What common security flaws allow such insider schemes to flourish?
One measure of an incident's impact is dollars lost of fraud. But the "soft" costs - loss of reputation and productivity - are the ones that most get the attention of Terry Austin of Guardian Analytics.
Why are socially engineered schemes causing so many headaches? Symantec's new Internet Security Threat Report shows attacks are growing. Here's a list of Symantec's recommendations to thwart risks.
More banks are considering voice biometrics, though some still question if the tech is ready for prime time. What has sparked institutions' interest in this emerging authentication technology?
The Federal Bureau of Investigation warns of a scheme involving pop-up windows through which fraudsters trick travelers into installing bogus software updates. The "updates" are really malware installations.
A $1.5 million mortgage fraud scheme in Virginia shows that these complex scams continue to thrive. Why is this type of fraud so difficult to detect, and what can be done to prevent it?
How are banking institutions addressing mobile security risks and authentication challenges? Paul Smocer of BITS says some of the proactive steps banks are taking might surprise you.
"You need to educate people, and you need to have the right control procedures in place to ensure that people are aware of insider fraud," says Larry Ponemon, offering tips to reduce insider risks.
In an interview about the insider threat, Ponemon discusses:
Key findings from this new research;
What needs to be...
Global Payments has been less than forthcoming with information about its data breach. How could this lack of transparency hurt the processor, and what's the lesson for others?
Banking regulators and law enforcement are collaborating to reduce losses linked to account takeover fraud. They say employee training at the branch level is a critical piece in the fraud fight. Why?
A U.S. District Court has sentenced the last key figure from 2009's Operation Phish Phry, a two-year international cybercrime investigation that resulted in the arrest of 100 fraudsters on two continents.
New alerts from Visa and MasterCard suggest the breach at Global Payments dates to January 2011, an exposure window significantly longer than originally reported. What are the implications for card issuers?
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