The latest edition of the ISMG Security Report features a summary of alarming new findings about the ability of the U.S. to counter a nation-state malware attack. Plus, a discussion of "fusion centers" at banks and an update on the targeting of Webstresser subscribers.
Hundreds of suspected customers of Webstresser, a DDoS stresser/booter site that was disrupted last year, are being visited by law enforcement agents and may see jail time. The police message: Using darknet cybercrime services doesn't guarantee anonymity, even if you pay with bitcoin.
Since the EU's GDPR went into full effect, European data protection authorities have received over 59,000 data breach reports, with the Netherlands, Germany and the U.K. receiving the greatest number of notifications, according to the law firm DLA Piper.
Without improved coordination, the U.S. government and private companies could be caught flat-footed if a nation-state hit the software supply chain with malware or a worm, according to a new report that echoes conclusions made over the last decade and calls for closer industry-government ties.
Banks need to work toward improving collaboration between their cybersecurity and fraud management departments to boost efforts to mitigate cyberthreats, say Scott Walters and Eric Reddel of the consultancy Booz Allen Hamilton.
A $3.1 million proposed settlement has been reached in a data breach class action lawsuit against Community Health Systems stemming from a 2014 cyberattack that affected 4.5 million individuals. Why are settlements in data breach cases still relatively rare?
A U.K. bank says no customers lost money after cyberattackers attempted account takeovers by rerouting one-time passcodes, Motherboard reports. Such attacks involve unauthorized tampering with Signaling System #7, the protocol used to route mobile phone calls worldwide.
In 2018, the Identity Theft Resource Center counted 1,244 U.S. data breaches - involving the likes of Facebook, Marriott and Exactis - that exposed 447 million sensitive records, such as Social Security numbers, medical diagnoses and payment card data.
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...
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.
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?