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.
Twitter is investigating the hacking of an account associated with Indian Prime Minister Narendra Modi for an apparent cryptocurrency scam, according to news reports. The incident appears similar to a July Twitter hack that hit well-known targets in the U.S. and Europe.
The former moderator of the now-defunct AlphaBay darknet marketplace has been sentenced to 11 years in prison after pleading guilty to a federal racketeering charge, according to the U.S. Department of Justice.
Evilnum, a hacking group that targets fintech firms mainly in the U.K. and Europe, is deploying a new remote access Trojan, according to Cybereason. The group is targeting "know your customer" procedures to start these attacks.
Some payment card fraud detection systems that rely on artificial intelligence are now less effective because of changes in consumers' habits during the COVID-19 pandemic, says Rene Perez of Jack Henry & Associates, who offers insights on needed adjustments.
Proofpoint reports that a Chinese hacking group targeted European organizations, as well as Tibetan dissidents, with a new remote access Trojan called "Sepulcher" as part of a cyberespionage campaign.
Some fraudsters are now using the encrypted instant messaging app Telegram as a fast and easy way to steal payment card data from ecommerce sites, according to an analysis from Malwarebytes.
Message to anyone who placed or fulfilled an order via the world's largest darknet market, Empire, in recent weeks: Say bye-bye to your cryptocurrency. It's increasingly clear that Empire's administrators "exit scammed," closing up shop and leaving with a horde of digital currency.
Facebook says the Russian troll group that interfered in the 2016 U.S. election is at it again, using sham accounts and a fake news site to spread disinformation in advance of the November election. Facebook says it took down the accounts involved.
Blackbaud is one of a growing number of organizations that say they paid ransomware attackers primarily for their promise to delete exfiltrated data. A class action lawsuit filed against the software vendor in the wake of its breach notification questions whether attackers' promises have any merit.
A global phishing campaign that purports to offer information about surgical masks and other personal protective equipment for use during the COVID-19 pandemic is infecting victims' devices with the AgentTesla remote access Trojan, according to researchers at Area 1 Security.
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