Fraud incidents and losses have remained steady or increased in the past year, according to ISMG's latest Faces of Fraud Survey. And the biggest fault of banking institutions' current anti-fraud controls: They rely too much on manual processes. Mike Lopez of survey sponsor Cyxtera Technologies analyzes the results and...
Ransomware victims who opted to pay for the promise of a decryption key forked over an average of $6,733 in the fourth quarter of 2018, according to ransomware incident response firm Coveware. It says strains such as SamSam and Ryuk, which demand higher-than-average ransoms, are increasingly common.
Bangladesh Bank, supported by the New York Fed, has filed a lawsuit in U.S. federal court to try to recover $81 million stolen via one of the biggest online bank heists in history. But the Philippine bank the lawsuit targets has dismissed the case as a "political stunt" designed to shift blame.
Apple says it has engineered a server-side fix for a flaw in its FaceTime messaging app and plans to issue a patch for clients this week. The patches will resolve a situation jokingly dubbed "FacePalm" that revealed a bug-reporting gap.
California's attorney general has slapped Aetna with a substantial financial penalty in the latest enforcement action against the health insurer following a 2017 breach involving HIV information.
The notorious xDedic Marketplace Russian-language cybercrime forum and shop remains offline following an international police takedown. Security experts expect xDedic customers to shift to UAS, a rival darknet market that also specializes in stolen and hacked remote desktop protocol credentials.
The digital revolution has given healthcare organizations new tools to increase team efficiency and improve their customer experience. But it's also opened up new vectors that cybercriminals can use to attack. As your attack surface expands to infrastructure that you don't own or control, becomes increasingly...
The latest edition of the ISMG Security Report features an update on what U.S. intelligence chiefs told Congress this week about persistent nation-state cyberthreats, plus reports on evasion tactics used by cryptocurrency money launderers and what government CIOs have to say about security funding.
Apple's conflict with Facebook this week resulted in the most effective and quickest punishment the social network has ever received over a privacy issue. But should a multi-billion dollar tech company like Apple be picking up the slack for the digital privacy enforcement failures of governments?
Several U.S. states are considering new legislation to shore up consumer data privacy laws in the wake of California passing strict privacy requirements last year. What's in the pipeline?
The State Bank of India, the nation's largest bank, is investigating an apparent data leak that reportedly exposed information on millions of its customers. Security experts are calling on all banks to improve their server management practices.
Apple has revoked Facebook's enterprise certificate, leaving the social network's employees unable to access internal iOS apps, after Facebook used it to distribute an app that monitored smartphone activity, sometimes from minors, in exchange for monthly payments. Facebook says it did nothing wrong.
Airbus says it suffered a hack attack, leading to a breach of "contact and IT identification details" for at least some of its EU employees. The aerospace giant says its investigation continues and that it has notified European privacy authorities, per GDPR requirements.
Improved integration, automation and orchestration are needed to better detect and respond to evolving cyberthreats, says John Maynard, vice president and global security specialist at Cisco Systems.
Efforts to exploit U.S. election security continue, and China, Russia, Iran and North Korea's "cyber espionage, attack and influence capabilities" pose an increasing threat, Director of National Intelligence Dan Coats told the Senate Intelligence Committee.
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