Attackers drained crypto assets worth nearly $200 million on Monday from cross-chain bridge Nomad, a "security-first cross-chain messaging protocol." Experts say the attack occurred after Nomad updated its smart contracts and inadvertently made it easy to spoof transactions.
Financial crimes against financial institutions have become more significant. These risks now represent one of the biggest areas of concern for the industry and one of the largest drivers of IT and compliance costs. Nick Davison of EY Australia and Paul Franks of SAS share new financial crime management strategies.
As ransomware actors continue to ply their trade, prospective victims need to get better at all three phases of an attack: Before, during and after. Andrew Stone of Pure Storage shares insights on how to improve defensed by focusing on hygiene, authentication, awareness and logging.
In the wake of President Biden's 2021 executive order, security leaders across sectors are now seeking phishing-resistant multifactor authentication. But what exactly is it, and how is it best deployed? Yubico's Derek Hanson outlines a mature approach to MFA.
Organizations, both private and public, have greater urgency to adopt multi-factor authentication. Besides the increase in cyberattacks, cyber insurers are now requiring MFA to maintain coverage and President Biden's cybersecurity executive order has sparked organizations to implement stronger controls, all driven by...
Continued supply chain costs dampened an otherwise positive Q2 earnings report for Check Point. The company is spending historic amounts on buying raw materials on the open market and shipping those materials to the production line - an expense issue expected to stretch into 2023.
Two hacking incidents involving vendors providing important IT-related and other services to dozens of covered entity clients are among the latest breaches affecting hundreds of thousands of individuals' data and show how mounting reliance on third parties creates increased risk to patient data.
As CISO of Edward-Elmhurst Health, Shefali Mookencherry consistently works at the intersection of cybersecurity and privacy. "Privacy tells us why," she says, "and security tells us how." She discusses her role and the inherent challenges it poses to her.
Hackers are turning to cryptojacking to make easy money despite the fall in cryptocurrency valuation, including ransomware cybercriminals attracted by the lower-stakes world of cryptojacking, says threat intelligence firm SonicWall. The financial industry has seen a surge in cryptojacking attacks.
Cybersecurity practitioners have gained the attention of corporate boards, but that attention must be converted into momentum, says Glen Hymers, head of data privacy and compliance at the U.K. Cabinet Office. He advises discussing risk in the context of what competitors and peers have achieved.
The US Consumer Financial Protection Bureau reportedly plans to release new guidance requiring banks to reimburse consumers for certain money-transfer service scams. Ken Palla, former director at Union Bank, says banks might look to the U.K. for examples of how to stop authorized push payment fraud.
The Australian Federal Police have charged a 24-year-old Melbourne man for allegedly creating global spyware purchased by over 14,500 individuals across 128 countries. Priced at $25, once it is installed on a victim's computer, it can be used to steal personal information or spy on individuals.
A 2020 breach of US courts' digital docketing system was done by three foreign actors, said Rep. Jerry Nadler, D-N.Y., House Judiciary Committee chairman. Sen. Ron Wyden, a Democratic member of Senate Intelligence, said the U.S, Administrative Office of the Courts is hiding the attack's gravity.
CyberArk continues to lead the privileged access management market, Gartner found, but Delinea and One Identity follow closely behind thanks to big-time acquisitions last year. Gartner once again recognized CyberArk for having the most complete vision and strongest execution ability in PAM.
Ukrainian and U.S. officials pledged closer cybersecurity collaboration, announcing a memorandum of cooperation after Ukrainian officials discussed Russian threat actors in a meeting with the FBI in New York. "Cyberthreats cross borders and oceans," said CISA head Jen Easterly.
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