Dr. Matthew Kane spent years in the Canadian Armed Forces as an intelligence officer, honing his skills in deception detection. Now, as CEO of Solaris Intelligence, he's helping organizations spot and stop fraud and malicious insiders.
The latest edition of the ISMG Security Report analyzes concerns about the use of Huawei equipment by U.S. telecommunications firms. Also featured: A Huawei executive discusses 5G security, plus an update on an Australian ransomware attack.
Threat actors that may have connections to China have been using a variety of malware in a series of information-gathering espionage campaigns across Southeast Asia since at least 2013, according to researchers at Palo Alto Networks' Unit 42 division.
A newly discovered cybercriminal gang is putting a twist on business email compromise scams by initially targeting vendors or suppliers with phishing emails and then sending realistic-looking invoices to their customers, according to the security firm Agari, which labels the approach "vendor email compromise."
A bipartisan group of lawmakers has introduced a bill to help U.S. telecommunications providers "rip and replace" any Chinese-built networking equipment. The move comes as many experts warn that using Huawei or ZTE 5G equipment poses an unacceptable national security risk.
Medical facilities and hospitals across the state of Victoria in Australia were infected by file-encrypting ransomware on Monday, causing the shutdown of patient booking systems and financial systems. At least one hospital has reverted to using paper-based systems.
British police have auctioned off bitcoins and other cryptocurrencies seized from a U.K. teenager who participated in the hack of the London-based telecommunications firm TalkTalk in 2015. The auction netted $294,000, which will be used by law enforcement to help fund crime-fighting efforts.
The U.S. imposed fresh sanctions on a close ally of Russian President Vladimir Putin and six employees of a notorious propaganda agency, who have all been accused of using social media to try and influence the 2018 midterm elections. The U.S. government hopes the sanctions will deter further attempts.
"Cyberattacks are one of the unfortunate realities of doing business today," reads gaming company Zynga's data breach notification, thus breaking the first rule of crisis management: Own your mistakes. Hacker Gnosticplayers claims the company was still storing passwords using outdated SHA1.
An unspecified malware attack against the IT systems of Rheinmetall's automotive division in Brazil, Mexico and the U.S. is costing the company an estimated $4 million a week, the company says. It's one of several attacks over the last two weeks affecting defense contractors.
Delayed enforcement of the "strong customer authentication" requirements for online transactions under the European Union's PSD2 regulation is hampering efforts to enhance security. That's why the European Banking Authority should act quickly to develop a new timeline.
The city of Baltimore's ransomware outbreak - $18 million in costs and counting - led to many crypto-locked files being lost forever, because no IT policy mandated centralized file backups. But effective IT solutions exist to help solve this challenge, provided they're deployed in advance of an attack.
More proof that when it comes to crime, there's nothing new under the sun: Federal prosecutors have charged two men with attempting to extort cryptocurrency worth more than $12 million from a startup firm planning to undertake an initial coin offering, in part via physical intimidation.
The U.S. electric grid is growing increasingly vulnerable to cyberattacks from countries such as Russia, and a well carried out attack on the grid could cause widespread power outages, according to a new GAO audit. Industrial control systems are particularly vulnerable.