One of the largest fines to date for violating the EU's General Data Protection Regulation has been announced by Germany's federal privacy and data protection watchdog, the BfDI, against 1 & 1 Telecommunications, in part for inadequate authentication mechanisms. The company plans to appeal.
The U.S. Federal Trade Commission has sanctioned data analytics firm Cambridge Analytica for misusing Facebook users' personal details as part of voter-targeting campaigns. Just one problem: The firm declared bankruptcy in May 2018. Meanwhile, voter microtargeting continues unchecked.
Two Russian men have been charged with stealing more than $100 million from banks around the world using the notorious Dridex malware, according to an unsealed U.S. indictment that caps off a decade-long investigation led by American and British law enforcement agencies.
Victims of a massive 2018 Facebook data breach can continue a class-action lawsuit to try and force the social network to maintain "reasonable" information security practices, a federal judge has ruled. But he dismissed the plaintiff's attempt to receive monetary compensation for the breach.
Adobe says its e-commerce Magento Marketplace has been breached, exposing usernames, email addresses and more. The software giant has yet to detail how many users were affected or the breach duration. Unfortunately, the stolen data could be used to fuel phishing attacks.
Twitter users no longer have to supply a phone number in order to use two-step verification for authentication. The move will better protect accounts from SIM hijacking attempts and also means users don't have to sacrifice some of their privacy to enable a security feature.
Using the largest repository of breached credentials in the world, SpyCloud has analyzed breach data tied to Fortune 1000 employees to understand what information is out there and how it can be used to commit fraud. In this video, SpyCloud Head of Product Strategy Chip Witt will walk through SpyCloud's analysis of...
A Texas resident has been sentenced to 12 years in federal prison for hacking into the Los Angeles Superior Court computer system and sending out approximately 2 million phishing emails to steal hundreds of credit and payment card numbers.
A Singapore man allegedly ran a large-scale cryptocurrency mining scheme that involved using stolen identities to access Amazon and Google cloud computing resources, according to a 14-count U.S. Justice Department indictment.
Nation-state attackers have been targeting known flaws that customers have yet to patch in their Pulse Secure, Palo Alto and Fortinet VPN servers, Britain's National Cyber Security Center warns, adding that any organization that didn't immediately apply patches should review logs for signs of hacking.
A large-scale banking botnet has targeted approximately 800,000 Android devices belonging to Russian citizens since at least 2016, according to a new research report by a trio of cybersecurity researchers.
"Cyberattacks are one of the unfortunate realities of doing business today," reads gaming company Zynga's data breach notification, thus breaking the first rule of crisis management: Own your mistakes. Hacker Gnosticplayers claims the company was still storing passwords using outdated SHA1.
Delayed enforcement of the "strong customer authentication" requirements for online transactions under the European Union's PSD2 regulation is hampering efforts to enhance security. That's why the European Banking Authority should act quickly to develop a new timeline.