What's the best way to spring your citizens from foreign jail if they've been detained on U.S. hacking charges? That's a question that continues to plague Russia, including in the ongoing case against Aleksey Burkov, who's been charged with being part of a $20 million payment fraud scheme.
Business email compromise scams continue to proliferate. Last week, Japanese media company Nikkei revealed that an employee made a $29 million fraudulent transfer as a result of a scam. And in a separate scam, the city of Ocala, Florida, suffered losses of over $742,000.
Many businesses don't seem to be able to block the ongoing scourge of sophisticated business email compromise schemes. "Incidents are just increasing; there's a huge volume of business email compromise," says David Stubley, CEO at 7 Elements, a security testing firm and consultancy.
Martin Overton has worked both in cybersecurity and insurance, so he has a unique perspective on cyber insurance - the genuine benefits as well as the potential pitfalls. He shares tips on what to seek in an effective policy.
The Sophos 2020 Threat Report is out, and among the key findings: Ransomware attackers continue to leverage automated active attacks that can evade security controls and disable backups to do maximum damage in minimal time. John Shier of Sophos analyzes the trends that are most likely to shape the 2020 cybersecurity...
Many ransomware-wielding attackers continue to hack into organizations via remote desktop protocol. But some Sodinokibi ransomware-as-a-service affiliates have shifted instead to targeting victims via botnets, saying hackers' use of RDP exploits has grown too common.
So far, Norwegian aluminum company Norsk Hydro has received just $3.6 million from its cyber insurer to cover expenses related to the LockerGoga ransomware attack it suffered in March that led to losses of $50 million to $71 million, the company revealed in its third quarter report.
The Chinese advanced threat group APT41 is using a new espionage tool to intercept SMS messages from specific phone numbers by infecting mobile telecommunication networks, according to the security firm FireEye Mandiant.
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...
Ransomware continues to be a highly profitable cybercrime. Ransomware incident response firm Coveware reports that for the third quarter of this year, the average ransom amount paid was $41,198, a six-fold increase from the same period last year, driven by strains such as Ryuk and Sodinokibi.
For Russian-speaking hackers, ransomware used to be taboo. But GandCrab killed all such ethical qualms, democratizing ransomware-as-a-service, paving the way for new profit-sharing schemes such as Sodinokibi and driving a new generation of attackers to master advanced hacking skills, a new report finds.
A trio of domain name registrars are mandating a password reset after a breach affecting about 22 million accounts occurred in late August. Web.com and two of its brands, Network Solutions and Register.com are contacting victims via email.
Senior government officials in at least 20 countries, including the U.S. and India, were targeted earlier this year with hacking software that used Facebook's WhatsApp to take over users' phones, Reuters reports, citing sources familiar with the messaging company's investigation.
Bulletproof proxies have taken the concepts of anonymity and availability and embedded them in automated bot attacks. How can organizations identify and stop these attacks? Ameya Talwalkar of Cequence Security shares insights.