Prosecutors recommended that twin brothers Muneeb and Sohaib Akhter serve a six-year and a two-year sentence, respectively, after pleading guilty to hacking-related charges. But one of the men received a much lighter sentence.
A penny saved is a penny earned, as Benjamin Franklin made familiar in Poor Richard's Almanac in 1737 - and every penny of fraud loss recovered (or better yet, avoided) goes straight to the organization's bottom line.
Present-day examples span the gamut of industries. The losses are in the billions and growing -...
Former U.S. Secret Service agent Shaun W. Bridges has pleaded guilty to stealing $820,000 worth of bitcoins during the U.S. government's investigation into the underground narcotics marketplace known as "Silk Road."
The FBI has arrested a former manager at Machine Zone, which makes the multiplayer "Game of War: Fire Age," over allegations that he attempted to bargain sensitive corporate information for a better severance package.
Extortionists and "free agent" rogue insiders have emerged as the top two most malicious cybercrime threats to banking institutions, says Gartner's Avivah Litan. How should institutions bolster their defenses?
See the startling results of meticulous analysis of hundreds of real-life insider attacks from the team at Carnegie Mellon University, where the CERT (Computer Emergency Response Team) function was created. The analysis results clearly indicate that, contrary to the majority of headlines, stealthy insiders pose a huge...
The U.S. Department of Justice has announced charges against nine people suspected of running an international insider-trading and hacking scheme predicated on stealing confidential press releases before publication.
See the startling results of meticulous analysis of hundreds of real-life insider attacks from the team at Carnegie Mellon University, where the CERT (Computer Emergency Response Team) function was created. The analysis results clearly indicate that, contrary to the majority of headlines, stealthy insiders pose a huge...
Chris Feeney, recently named president of BITS, the technology and policy division of the Financial Services Roundtable, describes his top cybersecurity priorities, including helping members deal with insider threats.
Wipro has developed a fraud detection model for improved risk management using big data analytics. Can CISOs leverage it to reduce risk, enhance process efficiency and refine fraud detection algorithms?
Federal authorities have arrested a Chinese professor, accusing him of pilfering trade secrets from the computer systems of American high-tech companies where he and a co-conspirator once worked.
See the startling results of meticulous analysis of hundreds of real-life insider attacks from the team at Carnegie Mellon University, where the CERT (Computer Emergency Response Team) function was created. The analysis results clearly indicate that, contrary to the majority of headlines, stealthy insiders pose a huge...
AT&T, in a settlement with the FCC, agrees to pay a $25 million fine because call center employees in Mexico, Colombia and the Philippines accessed private information from some 278,000 customer accounts without authorization.
Financial services company Morgan Stanley has fired an employee who it claims stole account data for hundreds of thousands of clients and posted a small subset of it online. Find out how many clients were affected.
See the startling results of meticulous analysis of hundreds of real-life insider attacks from the team at Carnegie Mellon University, where the CERT (Computer Emergency Response Team) function was created. The analysis results clearly indicate that, contrary to the majority of headlines, stealthy insiders pose a huge...
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