French film production and distribution company Pathe fired the two senior managers overseeing its Dutch operations after they fell victim to a business email compromise scam and approved $21 million in transfers to fraudsters. Many organizations remain at high risk from such scams.
Once again, a supposedly secure service allegedly marketed to criminals has proven to have limits. Dutch police have busted a "cryptophone" operation, allowing them to decrypt more than 258,000 encrypted chat messages, leading to a drug lab bust, 14 arrests and the seizure of cash, drugs and weapons.
With the U.S. midterm elections occurring on Tuesday, the "trump" keyword remains king for spammers. "Spam campaigners understand the value of brands, and for spam as for ballots, and whether for or against, the election is all about Trump," security firm Proofpoint says.
Radisson Hotel Group has suffered a data breach that resulted in the theft of data for its global loyalty program members. The company, which operates 1,400 hotels, says the breach touched data for "less than 10 percent" of all Radisson Rewards members, but it hasn't released a victim count.
Scammers behind an ongoing "sextortion" campaign have been emailing a legitimate password - likely from a publicly leaked list - to victims with a threat to release a compromising video of the recipient unless they pay up in bitcoins, Barracuda Networks warns.
With at least 20 billion new consumer devices set to be internet-connected by 2020, initiatives in the U.K. and California are trying to ensure that as many IoT devices as possible will be out-of-the-box secure, for starters by not shipping with default passwords.
Memo to hackers: Boasting about your exploits on social media channels is a good way to get caught. Indeed, Italian police say they busted a suspected hacker after he bragged not only about defacing the NASA home page but also about being part of a group calling itself "Master Italian Hackers Team."
Step away from the social media single sign-on services, cybersecurity experts say, citing numerous privacy and security risks. Instead, they recommend that everyone use password managers to create unique and complex passwords for every site, service or app they use.
Warning: Attackers behind the recently revealed Facebook mega-breach may still be able to access victims' accounts at some third-party web services and mobile apps, and Facebook has offered no timeline for when a full lockdown might occur - although there are no signs of third-party account takeovers.
While Facebook has invalidated 90 million users' single sign-on access tokens following a mega-breach, researchers warn that most access token hijacking victims still lack any reliable "single sign-off" capabilities that will revoke attackers' access to hyper-connected web services and mobile apps.
Facebook says that whoever hacked 50 million user accounts, putting the privacy of those users' personal data at risk, did so by abusing its "View As" privacy feature. Facebook says the attack successfully targeted three separate bugs in its video-uploading functionality.
Massive, well-resourced companies are still using live customer data - including their plaintext passwords - in testing environments, violating not just good development practices but also privacy laws. That's yet another security failure takeaway from last year's massive Equifax breach.
More evidence that running cybercrime schemes remains inexpensive and accessible to anyone with criminal intent: To send spam emails, admitted botnet herder Peter Levashov quoted customers $500 for 1 million emails. And that was just his 2016 pricing.
It's less than 10 weeks until your country's elections; do you know where your government's information warfare defenses and election security strategy are? The FBI says it's moving to counter information operations, while DHS is bolstering election security. But will it be enough?
With less than three months to go until the U.S. midterm elections, Alex Stamos, until recently Facebook's CSO, says there isn't time to properly safeguard this year's elections. But here's what he says can be done in time for 2020.