The U.S. Commodity Futures Trading Commission has hit Philips Capital Inc., a Chicago-based brokerage firm, with a $500,000 penalty for security missteps before and after a 2018 data breach, which resulted in the theft of $1 million from client accounts.
As cybercriminals adopt new methods to steal and manipulate victims' identities, the U.S. financial services industry needs to rethink how to protect customers' information using emerging technologies, such as artificial intelligence, security experts testified at a recent U.S. House committee hearing.
As part of the U.S. government's continuing efforts to highlight the North Korean government's cyberattacks, the U.S. Treasury Department has sanctioned three alleged North Korean hacking groups that have been blamed for the WannaCry ransomware, online bank heists and destructive malware attacks.
Ahead of the release of Edward Snowden's memoirs chronicling his decision to bring illegal "big data" domestic U.S. surveillance programs to light, a former NSA intelligence specialist points out that the U.S. still lacks a whistleblowing law to protect intelligence workers who spot illegal activity.
Because banks, fintech firms, merchants and payments processors in the EU have struggled to meet the Sept. 14 deadline for compliance with the new PSD2 "strong customer authentication" requirements for electronic payments, it may take a while for European consumers to notice authentication changes.
This week's ISMG Security Report analyzes the cost of business email compromise attacks and the recent arrest of dozens of suspects. Also featured: updates on the easy availability of low-cost hacking tools and the latest payment card fraud trends.
Insider threats are difficult to counter. What happens when an employee goes rogue, and how do you catch them? Charles Carmakal of Mandiant, who says his firm is dealing with more insider threat investigations, shares tips for better defenses.
Ransomware-wielding attackers treat infecting endpoints as a business and put customer relationship management principles to work, says Bill Siegel, CEO of ransomware incident response firm Coveware. He notes criminals "go after the low-hanging fruit because it's cheap and the conversion rate is high."
Cybercriminals are "upping their game" by stealing and then auctioning off on the dark web administrative access credentials to healthcare organizations' clinician and patient portals, says Etay Maor of IntSights.
Two years after WannaCry wreaked havoc via flaws in SMB_v1 and three years after Mirai infected internet of things devices en masse via default credentials, attackers are increasingly targeting the same flaws, security experts warn.
"Cobalt Dickens," a threat group with suspected ties to Iran, is continuing its attempts to steal intellectual property from schools and universities, according to an analysis by SecureWorks. The group's work continues even though several alleged members have been indicted by the Justice Department.
Israel-based cyber-intelligence firm NSO Group, which has been accused of selling technology that enables governments to spy on citizens, is pledging to adopt human rights guidelines developed by the United Nations. But critics of the firm question whether its moves are meaningful.
As part of its September Patch Tuesday security update, Microsoft issued software fixes for two vulnerabilities in several versions of Windows that it says are being exploited by attackers in the wild. Security experts are urging IT teams to quickly patch these flaws.