The U.S. Cybersecurity and Infrastructure Security Agency is warning of an increase in targeted distributed denial-of-service attacks against financial and government organizations worldwide. And security firms also are tracking the incidents in these and other sectors.
The pandemic has accelerated the shift to e-commerce and raised new concerns about the use of paper money. Jim Cunha of the Federal Reserve Bank of Boston describes a collaborative research project with the Massachusetts Institute of Technology to determine the feasibility of a digital alternative.
When startups succeed, they typically hire more employees to handle increasingly specialized tasks. The same goes for ransomware gangs, which, as they grow, have been hiring experts with advanced hacking, encryption, negotiation and other skills to help take down larger targets, says Coveware's Bill Siegel.
Cybercriminals still prefer to use "money mules" and drug trafficking to launder money tied to their bank hacking activities rather than cryptocurrency transactions, according to a report from SWIFT, which handles intra-bank financial transactions.
The start of classroom and online instruction at Hartford Public Schools in Connecticut was canceled Tuesday as a result of a ransomware attack - the latest in a series of online attacks, including distributed denial-of-service disruptions, that have interrupted some schools' return to teaching this fall.
A federal grand jury has formally indicted a Russian national in connection with a thwarted attempt at stealing corporate data from electric vehicle manufacturer Tesla so it could be used to extort a $4 million ransom.
The U.S. Federal Communications Commission estimates the total cost for smaller and rural telecom carriers to rip and replace Huawei and ZTE gear from their networks to enhance national security will be over $1.8 billion.
A federal judge has dismissed a lawsuit filed last year against Google and the University of Chicago Medicine involving complex privacy and other issues related to the use of patients' de-identified electronic health record data. But the court left the door open to filing an amended complaint.
A flaw in how contactless cards from Visa - and potentially other issuers - have implemented the EMV protocol can be abused to bypass PIN verification for high-value transactions, ETH Zurich researchers warn. But Visa says the exploits would be "impractical for fraudsters to employ" in real-world attacks.
The secure access service edge model, or SASE, treats identity as the new perimeter, says Lee Dolsen Singapore-based chief architect for Zscaler in the Asia Pacific region, who offers implementation insights.
With apologies to Jay-Z, getting hit with ransomware might make victims feel like they have 99 problems, even if a decryptor ain't one. That's because ransomware-wielding gangs continue to find innovative new ways to extort cryptocurrency from crypto-locking malware victims.
In the three years since Equifax suffered a massive data breach, the consumer credit reporting firm says it has worked tirelessly to overhaul the security shortcomings that allowed the breach to happen. Equifax CISO Jamil Farshchi and other security experts weigh in on important lessons learned.