In financial services, there is a stark difference between defending against authorized versus unauthorized fraud incidents. James Hunt of Bottomline Technologies discusses the schemes and how to respond with a more dynamic prevention strategy.
2020 was not a typical year. Between the onset of a global pandemic and the shift to remote life, consumers shifted their behavior dramatically — and criminals followed suit, swiftly finding ways to exploit these changes.
Throughout this unusual time, SpyCloud’s researchers have been embedded in criminal...
Cyber security has become a war of attrition where organizations, government agencies and the Department of Defense (DoD) are facing new threats every day. But years of poor IT hygiene have limited their visibility into the IT infrastructure. This is not only opening doors into the network for cyber criminals, but it...
Microsoft issued emergency software patches on Tuesday for four zero-day vulnerabilities in its Exchange email server. The alarming vulnerabilities could allow a remote attacker into Exchange and possibly enable further lateral movement.
Traditional perimeter-based IT security models aren’t well suited for today’s world of cloud services and mobile users. Savvy attackers can breach enterprise networks and fly under the radar for weeks or even months.
Threat actors always find new and innovative ways to penetrate networks, steal data, and disrupt...
Using a nearly 20-year-old file transfer product - what could go wrong? Among the many lessons to be learned from the Accellion File Transfer Appliance mess is this: Attackers will devote substantial resources to reverse-engineer hardware, software or a service if there's a financial upside.
In an eye-opening look at the cost burden of a ransomware attack, Universal Health Services reports that an incident last September had a $67 million economic impact - citing, for example, the need to divert patients to competing facilities for urgent care. But insurance may cover much of the cost.
A new malware loader dubbed "Gootloader" is using search engine optimization techniques to spread ransomware, Trojans and other malware, the security firm Sophos reports.
The cryptocurrency company Tether has refused to pay a ransom of 500 bitcoins ($24 million) after hackers threatened to leak sensitive data if the company failed to pay.
State-sponsored groups in China appear to be targeting India’s power supply by dropping malware into systems, according to online digital threat analysis company Recorded Future. The Indian government says it has taken steps to mitigate the risks.
Even employees at the world’s largest and most successful organisations use weak passwords, and frequently reuse corporate credentials as personal logins, regardless of security guidelines that prohibit such behavior. When those third-party sites are subject to data breaches, reused employee logins provide easy...
The recent manipulation of GameStop stock points to the need for public companies to carefully monitor mentions of their firm on social media channels to look for signs of emerging fraudulent practices, says Chase Cunningham, chief strategy officer at Ericom Software.
Account takeover occurs when criminals use stolen login credentials to gain access to another person’s account. Once inside, they make unauthorized transactions, siphon funds, and steal corporate data or personally identifiable information (PII) to use for other purposes, or simply to sell to other attackers on the...
The mobile channel saw great user adoption in 2020 – and it saw a corresponding increase in fraud incidents. Tim Dalgleish of BioCatch discusses mobile fraud trends and the role of behavioral biometrics in enhancing user authentication.
In this interview with ISMG, Dalgleish discusses:
Mobile adoption and fraud...
Cyberattacks can cause devastating
business disruptions and lead to
financial losses reaching hundreds
of millions of dollars.
The World Economic Forum’s 2020 Global Risk Report ranked
cyberattacks causing disruption to operations and critical infrastructure
among the top five increasing global risks....
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