Regulators are struggling to keep up with the proliferation of online trading schemes. Here's the story of an Australian woman who lost AU$63,000 on a platform called Millennium-FX. She is trying to recover her money, which ended up in an account controlled by a 30-year-old Russian man who lives in Cyprus.
A zero-day flaw in Adobe Flash, recently patched, has been targeted by a group of attackers that may have ties to North Korea as part of an apparent attempt to hack into Turkish banks, security firm McAfee warns. It notes that there are signs that financial institutions in other countries are also being targeted.
The U.S. Senate is considering a banking reform bill that would ban credit agencies' practice of charging for a credit freeze, one of the crucial steps experts say can help pre-empt identity theft. Lawmakers have been under intense pressure to create laws that better protect consumers following Equifax's data breach.
Leading the latest edition of the ISMG Security Report: America's top general says the U.S. response to Russian election interference isn't as well coordinated as it needs to be, and Pennsylvania sues Uber for failing to notify data breach victims in a timely manner.
Russian President Vladimir Putin has issued an unequivocal promise about the extradition potential for 13 Russian nationals accused of working for a Kremlin-backed troll factory: "Never." It's unclear how the U.S. might best battle Russia's influence operations.
The attorney general of Pennsylvania has filed a lawsuit against Uber for allegedly violating the state's mandatory breach notification law. It's the latest in a long string of legal and regulatory repercussions Uber is facing after waiting more than a year to disclose a serious breach.
The U.S. Securities and Exchange Commission has reportedly issued dozens of subpoenas and requests for information to technology companies, executives and advisers involved in initial coin offerings. The regulator's new cyber unit investigates ICOs, which attempt to raise funds for cryptocurrency ventures.
NSA Director Mike Rogers told senators that President Donald Trump has not ordered his agency to confront Russian election interference at its source, via network operations, and that President Putin "has clearly come to the conclusion there's little price to pay" for meddling.
A new strain of the Petya ransomware called "Bad Rabbit" is impacting business and sweeping across Russia and Ukraine, among other Eastern European countries. Like many of the other ransomware outbreaks, understanding fact from fiction is the first step in staying safe.
Criminals continue their quest for acquiring cryptocurrencies without having to buy and manage their own mining equipment. They're resorting to attacks aimed at stealing the cryptocurrencies via hacking, phishing, fake advertising and web injection attacks via repurposed banking Trojans.
Interest in deception technology is growing because it can play a valuable role in improving intrusion detection, says Anton Chuvakin of Gartner, who explains the intricacies of the emerging technology in an in-depth interview.
Attorney Steven Teppler, who recently wrote a report that addresses risks related to the internet of things, offers insights on risk management steps organizations in all sectors must take as IoT devices proliferate in the enterprise.
Arkansas developer Taylor Huddleston has been sentenced to serve more than two years in prison for developing, marketing and selling two tools designed to be used maliciously - the NanoCore remote access Trojan and Net Seal license software.
Certificate authorities continue to be tricked into issuing bogus TLS certificates. A study by Recorded Future found that at least three underground vendors can supply fraudulent TLS certificates, which pose serious risks to data security and privacy.
As banking institutions of all sizes maximize their digital channels, there is growing tension between the need to prevent fraud and the desire to maintain a frictionless customer experience. IBM Trusteer's Valerie Bradford discusses how to defuse this tension.