Despite the takedown of the Trickbot botnet by Microsoft and others Monday, the malware is still functioning, and its operators retain the tools needed to rebuild their malicious network, some cybsersecurity experts say. So the impact, while significant, could prove to be temporary.
Ransomware attacks remain the top cyber-enabled threat seen by law enforcement. But phishing, business email compromises and other types of fraud - many now using a COVID-19 theme - also loom large, Europol warns in its latest Internet Organized Crime Threat Assessment.
The Treasury Department's Office of the Comptroller of the Currency has hit Citibank with a $400 million fine for deficiencies in enterprisewide risk management, compliance risk management, data governance and internal controls. Meanwhile, the Federal Reserve is requiring the bank's board to take action.
Those selling "network access" on underground forums are adjusting their business models to take advantage of the huge influx of ransomware gangs that are looking for easier and more efficient ways to gain access to their targets, Accenture reports.
The Xplora 4 kids smartwatch was shipped with a backdoor that could be activated remotely by an encrypted SMS to take secret screenshots. The manufacturer says the code was mistakenly left in the firmware, and it has issued a patch to remove it.
Stop me if you think that you've heard this one before: The U.S., U.K. and some allied governments are continuing to pretend that criminals will get a free pass - and police won't be able to crack cases - so long as individuals and businesses have access to products and services that use strong encryption.
The Office of the Comptroller of the Currency has fined Morgan Stanley $60 million for the investment bank's failure to properly oversee the decommissioning of several data centers, putting customer data at risk of exposure.
Microsoft collaborated with cybersecurity companies and government agencies to take down the million-device Trickbot botnet in an effort to help protect the Nov. 3 U.S. election and stop the global spread of ransomware and other malware.
Two types of autopilot systems can be tricked into reacting after seeing split-second images, according to new research into autonomous vehicles. Although this could pose a risk, deep-learning software could keep the systems from being tricked.
Plaintiffs in the patent infringement case Centripetal Networks v. Cisco Networks won the day thanks to clear testimony and using Cisco's own technical documents in unaltered form. By contrast, the judge slammed Cisco for offering disagreeing witnesses and attempting to focus on old, irrelevant technology.
CISA is warning that sophisticated hacking groups are chaining together vulnerabilities, such as the recent Zerologon bug and other flaws, to target state and local government networks. In some cases, attackers gained access to election support systems.
Why did Cisco, one of the world's largest and most successful networking companies, have to pay more than $2.6 billion in damages? A judge found that it infringed on four patents held by network security firm Centripetal Networks.