Cybercriminals still prefer to use "money mules" and drug trafficking to launder money tied to their bank hacking activities rather than cryptocurrency transactions, according to a report from SWIFT, which handles intra-bank financial transactions.
A recently uncovered phishing campaign designed to harvest credentials used companies' official webpages as an overlay to hide malicious domains, according to security firm Cofense.
A federal grand jury has formally indicted a Russian national in connection with a thwarted attempt at stealing corporate data from electric vehicle manufacturer Tesla so it could be used to extort a $4 million ransom.
A federal judge has dismissed a lawsuit filed last year against Google and the University of Chicago Medicine involving complex privacy and other issues related to the use of patients' de-identified electronic health record data. But the court left the door open to filing an amended complaint.
A flaw in how contactless cards from Visa - and potentially other issuers - have implemented the EMV protocol can be abused to bypass PIN verification for high-value transactions, ETH Zurich researchers warn. But Visa says the exploits would be "impractical for fraudsters to employ" in real-world attacks.
With apologies to Jay-Z, getting hit with ransomware might make victims feel like they have 99 problems, even if a decryptor ain't one. That's because ransomware-wielding gangs continue to find innovative new ways to extort cryptocurrency from crypto-locking malware victims.
In the three years since Equifax suffered a massive data breach, the consumer credit reporting firm says it has worked tirelessly to overhaul the security shortcomings that allowed the breach to happen. Equifax CISO Jamil Farshchi and other security experts weigh in on important lessons learned.
Ransomware continues to pose a "significant" threat, and email remains one of the top attack vectors being used by both criminals and nation-states, Australia's Cyber Security Center warns in its latest "Cyber Threat Report," which urges organizations to improve their defenses.
Recent hacking incidents, including one targeting Twitter, are raising awareness of the importance of privileged access management, says David Boda, group head of information security for Camelot Group, operator of the U.K. National Lottery. He describes PAM best practices.
So-called "cybersquatting" attacks are surging, with financial and e-commerce websites - including those of PayPal, Royal Bank of Canada, Bank of America and Amazon - among the most frequent targets, according to Palo Alto Networks' Unit 42.
A recently uncovered malicious email campaign is delivering to businesses multiple types of malware, including a Trojan designed to steal banking credentials and other financial information, according to a research report from Cisco Talos.
Fraud prevention practices are not keeping up with changes in risks, says Al Pascual, COO at Breach Clarity, who offers insights on leveraging the latest tools.
European banks are not ready to meet the Dec. 31 deadline to comply with the PSD2 regulation, which requires strong customer authentication when providing API access to banking platforms, says Dr. Steven J. Murdoch, a principal research fellow at University College of London.
The number of cybersecurity incidents reported to the U.K.'s data privacy watchdog has continued to decline, recently plummeting by nearly 40%. But is the quantity of data breaches going down, or might organizations be failing to spot them or potentially even covering them up?
The latest edition of the ISMG Security Report features a discusssion with Equifax CISO, Jamil Farshchi, on the lessons learned from the credit reporting firm's massive data breach three years ago. Also featured: Australians' driver's licenses leaked; privileged access management tips.
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