This edition of the ISMG Security Report analyzes what prosecutors say is the biggest cryptocurrency seizure in U.S. history as well as the biggest financial seizure. It also details how a school district CISO resigned over the district's handling of a severe data breach and busts Zero Trust myths.
Jeff Williams, co-founder and CTO of Contrast Security, says people have a right to know if the products they use are secure. It's difficult to tell if software is secure, he says, so companies need incentives to build good security programs, improve their software and disclose any flaws they find.
Technology giant Microsoft has released patches for 51 vulnerabilities as part of its Patch Tuesday announcement. Of the total, none of the fixes are for critical bugs, and three are rereleased patches. Separately, the company says it will block internet macros by default in its Office applications.
Equifax has agreed to a settlement for the 2017 data breach that exposed the personal information of 147 million people. The settlement with the U.S. Federal Trade Commission, the Consumer Financial Protection Bureau and 50 U.S. states and territories includes up to $425 million to help victims.
The European Central Bank, the central bank of the 19 EU countries using the euro, has reportedly warned against potential Russian cyberattacks, and EU banking institutions are reportedly conducting cyber war games to test resiliency against a potential cyber offensive, according to Reuters.
A "deliberate and malicious" cyberattack struck Vodafone Portugal, including its 4G/5G network, fixed voice, TV, SMS and voice/digital answering services. ATM networks of large banks connected to its 4G network were also disrupted. The company says its 4G network has now been partially restored.
The arrest of a married New Yorker couple, charged with laundering bitcoins worth $3.6 billion that were stolen from a currency exchange in 2016, highlights the risk facing anyone who wants to launder large amounts of cryptocurrency and stay free long enough to enjoy their alleged rap career.
The FBI has seized $3.6 billion in cryptocurrency that it says traces to the 2016 theft of 119,754 bitcoins from the Bitfinex virtual currency exchange. A married New York couple who styled themselves as technology entrepreneurs has been charged with laundering the stolen friends.
In a U.S. Senate hearing on Tuesday, the Apache Software Foundation and leaders from Cisco, Palo Alto Networks and The Atlantic Council discussed open-source software security, urging both government and private sector entities to recognize the breadth of the free-to-use software and adversaries' willingness to...
The modus operandi of fraudsters for synthetic ID fraud changed drastically between 2020 and 2021, says Al Pascual, senior vice president, data breach solutions at Sontiq, a TransUnion company. He discusses how the industry can collaborate better to reduce fraud.
As a CISO in financial services, Bradley Schaufenbuel of Paychex enjoys the velocity of change - no two days are alike. But with that pace comes a corresponding uptick in supply chain risk, which adds a new degree of difficulty to an already challenging leadership role.
Israeli officials announced they will set up a commission of inquiry to investigate reports that the nation's police force used the flagship spyware of Israeli firm NSO Group, called Pegasus, to hack the phones of Israeli public officials, journalists and activists.
Jameeka Green Aaron, CISO of Auth0, says, "We're not protecting technology; we are protecting people." Because of that, she is a strong proponent of "privacy by design" in security controls, and she strongly advocates for viewing fraud and privacy together - not separately.
The CISO for a Dallas-based school district quit his job over the district's handling of a severe data breach that occurred in August 2021. A TV broadcaster has revealed that two students in the district were responsible even though the district claimed the intruder was a "third party."
German officials are warning about an ongoing cyberespionage campaign by Chinese-backed hacking group APT27 or Emissary Panda using the malware variant HyperBro against German commercial companies.
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