A WannaCry outbreak has hit unpatched Windows 7 systems at Taiwan Semiconductor Manufacturing Co., crippling its factories. The world's largest chipmaker, which traced the infection to a new software tool that it failed to scan for malware before installation, says the outbreak could cost it $170 million.
The chief security officer for the U.S. Democratic Party is recommending that all party officials avoid using mobile devices made by Chinese manufacturers ZTE and Huawei. Bob Lord says that even if devices from those manufacturers are free or low cost, no one wants to be the next "patient zero."
Retired Brigadier General Gregory Touhill, the first CISO of the federal government, spells out what he sees as the essential steps for fighting against Russian meddling in this year's midterm elections. He'll be a featured speaker at ISMG's Security Summit in New York Aug. 14-15.
Attackers have targeted a patched vulnerability to exploit more than 209,000 carrier-grade routers made by Latvian manufacturer MicroTik and infect them with two types of malware - Coinhive and Crypto-Loot - designed to mine for cryptocurrency, security researchers say.
Reddit suffered a data breach in June after attackers managed to bypass its SMS-based two-factor authentication system. User data from 2007 and before was compromised. Security experts say the breach should serve as a reminder that using any two-factor authentication is better than none.
This edition of the ISMG Security Report features Elvis Chan, a supervisory special agent at the FBI, discussing ongoing efforts to thwart Russian interference in the U.S. midterm election this fall, and Alberto Yepez of ForgePoint Capital addressing cryptocurrency security issues.
Medical testing laboratory firm LabCorp is still working to fully recover systems functionality nearly a week after a cyberattack that the company now claims involved "a new variant" of ransomware. What can other organizations do to avoid becoming the next victim?
Hackers stole at least $920,000 from Russia's PIR Bank after they successfully compromised an outdated, unsupported Cisco router at a bank branch office and used it to tunnel into the bank's local network, reports incident response firm Group-IB.
RoboCent, a company that specializes in robocalling voters, left nearly 3,000 files containing detailed data about Virginia voters online by mistake. The data has been secured, but the incident points again to ongoing problems of security misconfigurations in repositories and lack of end-to-end encryption.
Why are attacks so successful? Legacy endpoint security products are creating more problems than they solve. There is too much cost and complexity, defenses aren't keeping up, and security staff is stretched thin.
The hacking of an email account of a medical clinic employee during travels overseas demonstrates the risks posed to data when workers travel. Security experts offer insights on mitigating those risks.
Timehop, the social media app that resurfaces older social media posts for entertainment, says its ongoing investigation has revealed that an attacker may have compromised more personal information than it previously suspected over the course of a breach that lasted at least seven months.
To stop fraudsters, iovation's John Marsden wants organizations not just to ask customers to verify their personal details. He also wants organizations to take a good, hard look at the devices that alleged customers are using.
Patch management problem: Organizations must identify and fix all new vulnerabilities in their software and hardware as quickly as possible. Unfortunately, on average, attackers keep exploiting flaws faster than they're being patched, says Tenable's Gavin Millard.