Hackers apparently stole $31 million from accounts that banks keep at Russia's central bank in a series of cyberattacks this year, according to several news reports. The news comes as the country's security service also claims to have fought off broader attacks against the financial services industry.
Visa and MasterCard have pushed back their EMV fraud liability shift date for U.S. pay-at-the-pump gas terminals from October 2017 to October 2020. They made the right decision, given the relatively low rates of card fraud at gas pumps.
Acknowledging the urgent IT security challenges the nation faces, a cybersecurity commission named by President Barack Obama encourages the incoming administration to adopt some of its recommendations in the first 100 days of Donald Trump's presidency.
Cyber espionage and other increasingly sophisticated nation-state cyberattacks will escalate into what amounts to "cyberwar" in 2017, predicts security expert Michael Bruemmer of Experian Data Breach Resolution.
Cyberattacks waged by organized crime groups are simultaneously targeting a wider array of industries worldwide, which is why cross-industry threat information sharing is more critical than ever, says Brian Engle, executive director of the Retail Cyber Intelligence Sharing Center.
The Internet Archive, a pioneering 20-petabyte digital repository, is raising funds to replicate its data in Canada. The group's founder fears that the election of Donald Trump as the next U.S. president portends an uncertain privacy rights future.
Deutsche Telekom says 900,000 customers were unable to access the internet after their routers were infected with malware. Researchers say it's a modified version of Mirai - code for building an internet-of-things botnet.
The latest ISMG Security Report leads with a look at the ransomware attack against San Francisco's light rail agency. Also featured is an analysis of the ongoing fallout from Australia's online census project.
Score one for preparation: In the wake of a ransomware attack that infected 900 workstations, the San Francisco Municipal Transportation Agency says it's restoring affected systems, vowing to not give the attackers a single bitcoin of their ransom demand.