HSBC paid a record $1.92 billion fine for money laundering violations in 2012. But no one ever went to jail for the crimes. Whistleblower Everett Stern discusses lessons learned from the case and the concept of "too big to jail."
Britain's biggest provider of forensic services, Eurofins, has paid a ransom to attackers who crypto-locked its systems with ransomware, the BBC reports. Experts say it's part of an alarming trend that seems sure to further embolden ransomware-wielding criminals.
Déjà vu basic cybersecurity challenge all over again: With the U.S. government warning that geopolitical tensions could trigger wiper-attack reprisals, security experts review the basic anti-wiper - and anti-ransomware - defenses organizations should already have in place.
Hackers appear to have accessed a new mobile payment app for 7-Eleven customers in Japan, taking about $500,000 from 900 customers over several days. Poor passwords and authentication designs by the company are likely to blame, according to media reports.
Healthcare information is a prime target for malicious attackers because it has a high value on the black market, says Amanda Rogerson of Duo Security, who calls for adoption of a "zero trust" model to boost security.
A distributed denial-of-service attacker who crashed a popular gaming service at Christmas has been sentenced to serve 27 months in prison. Austin Thompson has also been ordered to pay $95,000 in damages to Daybreak Games.
A recent $3 million bank heist in Bangladesh is likely the handiwork of "Silence," a Russian-speaking gang known for its slow and methodical attacks against banks and ATMs, according to an analysis by security firm Group-IB.
The U.S. Cyber Command has issued a warning that attackers are attempting to exploit an older vulnerability in Microsoft Outlook to plant remote access Trojans or other types of malware within government networks. Some researchers say the exploits could be tied to an Iranian-backed threat group.
D-Link has reached a proposed settlement with the U.S. Federal Trade Commission, which alleged the IoT device developer left consumers vulnerable to hackers through inadequate security practices. The terms of the settlement may serve as a warning to IoT makers to get their security checks in order.
Malicious actors are increasingly using social media platforms to spread malware to unsuspecting victims. In the latest incident, Facebook removed more than 30 pages from its platform after security analysts with Check Point Research found that a hacker had loaded them with malware.
The debate over whether the U.S. government should have the right to force weak crypto on Americans has returned. Here's what hasn't changed since the last time: mathematics and the choice between strong crypto protecting us or weak encryption - aka backdoors - imperiling us all.
The firmware of more than 500 Huawei networking products is riddled with security weaknesses that make the vendor risky to use for 5G networks, a new report contends. The study analyzed more than 9,000 firmware images in 558 enterprise products from the Chinese company.
The cyberattack earlier this year against Indian outsourcer Wipro, as well as several of its customers, is part of a much larger, multiyear phishing campaign that involves many more companies used as jumping off points, according to RiskIQ, which says the attackers apparently are manipulating gift cards.
Six major cloud services providers apparently were victims of Cloud Hopper, an umbrella name for deep cyber intrusions suspected to originate in China, Reuters reports. The report also alleges Cloud Hopper-affected companies withheld information from their clients for reasons of liability and bad publicity.