While sophisticated cyberattacks and high-profile mega-breaches get most of the attention, European fraud experts say less sophisticated attacks are far more common and pose a greater fraud risk. At ISMG's Fraud Summit in London, they called for global collaboration to fight fraud.
Someone green-light this drama: Sony, after suffering a massive data breach that led to the leak of personal information and embarrassing corporate emails, has agreed to a data-breach settlement worth up to $8 million.
FBI Director James Comey's declaration that the Obama administration will not pursue legislation to require vendors to create a backdoor that would permit law enforcement to circumvent encryption on mobile devices isn't the end of the matter.
Security on the endpoint took a long time to move away from mere patching, hardening and anti-virus technologies. To fight advanced threats, experts say visibility on endpoints is being transformed by the advent of endpoint detection and response tools.
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.
As a result of Experian's data breach, 15 million T-Mobile subscribers are at risk from phishing attacks and fraud. But it's not clear what more T-Mobile can do to protect breach victims, says security specialist Mark James.
The severity of the U.S. Office of Personnel Management breach continues to grow, with investigators now reporting that hackers stolen 5.6 million people's fingerprint data. The theft may have security implications well into the future.
If the Chinese government hacked the U.S. Office of Personnel Management for espionage purposes, then the U.S. government's $133 million contract to provide ID theft monitoring services is a waste of money. Instead, the agency could have used the funds to safeguard its systems against future attacks.
BlackBerry plans to buy mobile device management rival Good Technology for $425 million. BlackBerry must prep for a future in which it no longer manufactures hardware - and that's why this deal makes sense.
Mozilla, which maintains the Firefox browser, says an attacker infiltrated its bug-tracking tools, stole information on an unpatched flaw, and exploited users for at least three weeks, before the flaw was patched.
Sony Pictures Entertainment has reached a tentative deal to settle a class-action lawsuit filed against it, stemming from its 2014 data breach, which resulted in the leak of personal information for up to 50,000 employees.
Information security experts offer two timely Apple iOS device reminders: First, never jailbreak the devices. Second, enterprise security managers must ensure that they ruthlessly block any jailbroken devices from accessing corporate networks because they pose a security risk.
The bad news is that the new KeyRaider malware has so far compromised more than 225,000 Apple accounts worldwide. The good news, according to Ryan Olson of Palo Alto Networks, is that only modified, or "jailbroken," ioS devices are at risk.