A new report from Accenture highlights five key areas where cyberthreats in the financial services sector will evolve. Many of these threats could comingle, making them even more disruptive, says Valerie Abend, a managing director at Accenture who's one of the authors of the report.
License plate and traveler photos collected at the U.S. border have been compromised after a federal government subcontractor was hacked. While Customs and Border Protection officials claim the image data hasn't been seen online, security experts say it's already available for download via a darknet site.
Russian national Anton Bogdanov has been charged with stealing more than $1.5 million from the Internal Revenue Service via a tax return fraud scheme. He was arrested last November while on vacation in Thailand, at U.S. request, and subsequently extradited.
Cryptocurrency exchanges are seeing fraudsters submit doctored photos in an attempt to reset two-step verification on accounts. The ruse appears to have some degree of success, underscoring the difficulties around verifying identity on the internet.
In 2018, the Identity Theft Resource Center counted 1,244 U.S. data breaches - involving the likes of Facebook, Marriott and Exactis - that exposed 447 million sensitive records, such as Social Security numbers, medical diagnoses and payment card data.
Massive data brokers - Equifax, Experian, Illion and others - are leveraging Australia's electoral roll, which is a tightly held and valuable batch of data. While this little-known practice might sound alarming, in fact it's required under Australia's anti-money laundering and anti-terrorism rules.
The recent Black Hat Europe conference in London touched on topics ranging from combating "deep fake" videos and information security career challenges to hands-on lock-picking tutorials and the dearth of research proposals centered on deception technology.
Breach victims who sign up for free fraud-monitoring services from breached businesses that lost control of their data often sign away their right to join class-action lawsuits or pursue other legal actions, and Marriott proved to be no exception, following its mega-breach. But it now appears to be backing off.
Is there anything better than being offered one year of "free" identity theft monitoring? Regularly offered with strings attached by organizations that mishandled your personal details, the efficacy and use of such services looks set for a U.S. Government Accountability Office review.
Victims of the massive Marriott International data breach, which exposed data for 500 million customers, including some passport numbers, may be able to claim reimbursement for the cost of obtaining a replacement passport, provided they can prove it led to fraud.
Credential abuse attacks and identity theft incidents are rising, with attackers leveraging botnets to launch coordinated campaigns with high success rates, says Aseem Ahmed of Akamai Technologies, who shares best practices for mitigating the threats.
The Black Hat Europe information security conference returns to London, featuring 40 research-rich sessions covering diverse topics, including politically motivated cyberattacks, recovering passwords from keyboards thanks to thermal emanations, hacking Microsoft Edge and detecting "deep fakes."
With the U.S. midterm elections occurring on Tuesday, the "trump" keyword remains king for spammers. "Spam campaigners understand the value of brands, and for spam as for ballots, and whether for or against, the election is all about Trump," security firm Proofpoint says.
British Airways has discovered that hackers compromised payment card data and personal details for 185,000 more customers than it had originally suspected and that its systems were first breached not in August, but April. The airline now counts 429,000 data breach victims.