Australia is the latest country to roll out real-time payments, where funds from an account at one bank reach an account at another bank in seconds. While convenient, the system poses fresh fraud challenges and consumer protection concerns.
After suffering one of the worst data breaches in history, in which 145.5 million U.S. consumers' personal details were stolen, credit bureau Equifax has hired Jamil Farshchi to serve as its new CISO. Farshchi joins from Home Depot, which hired him after suffering a massive data breach.
Hackers crashed the Winter Olympics, apparently by using destructive malware dubbed "Olympic Destroyer." The attack resulted in the Pyeonchang 2018 website being offline for 12 hours and WiFi unavailable during the opening ceremony, but organizers say no competitions were disrupted.
More than 4,200 websites, some belonging to the U.S., U.K. and Australian governments, have been turning their visitors' computers into mining machines to harvest the virtual currency Monero. The security lapse continues the recent trend of cryptocurrency mining malware overtaking ransomware.
Illegal transactions on the internet have long been conducted in the cryptocurrency bitcoin. But underground vendors are accepting new kinds of virtual currency that may be safer to store and offer more privacy protections, according to a new study of 150 dark web markets and forums.
Google is prepping its Chrome browser to brand as "not secure" every site a user tries to visit that does not use HTTPS encryption by default. The move is meant to push more sites to use HTTPS to secure communications and help block eavesdropping and man-in-the-middle attacks.
The U.S. Department of Justice, in one of its biggest-ever cybercrime disruptions, shuttered the Infraud Organization, an online forum prosecutors tied to $530 million in losses. Thirteen suspects - in Australia, France, Italy, Kosovo, Serbia, the U.K. and the U.S. - have been arrested.
A hacking team dubbed "Group 123" with apparent ties to the government of North Korea has been exploiting a zero-day vulnerability in the Flash browser plug-in, likely to hack high-value targets. Adobe has released an emergency Flash update with security fixes. Or organizations could simply stop using Flash.
As banks in the U.S. and Australia grapple with how to effectively launch faster payments, more will turn to big data and machine learning to help better manage expected upticks in fraud, says cybersecurity specialist John O'Neill Jr. of DarkTower.
The Department of Justice has charged two men, arrested in Connecticut near the scene of a jackpotting attack against a drive-up ATM, with bank fraud stemming from a malware attack. Police say they recovered $9,000 in $20 bills, as well a black box and other equipment from the suspects' car.
Russian citizen Peter Levashov, arrested last year while vacationing in Spain, appeared Friday in U.S. federal court to face charges that he owned and operated the Kelihos botnet and distributed spam, banking Trojans and ransomware for profit. Levashov has pleaded not guilty.
Blockchain technology already underpins the boom in cryptocurrencies, but it is also being rigorously tested and developed for other applications, including identity and access management. Such projects could make personal data easier to secure and less vulnerable to data breaches.
Orwell got it wrong: People are less likely to surrender their privacy to a totalitarian state than to the lure of sharing holiday snaps, cat videos or the route and time they took for their latest cycling, jogging or kiteboarding outing, as captured by a wearable fitness device.
The booming interest and sometimes surging values of cryptocurrencies are drawing the interest of cybercriminals on a scale never seen before - including attacks aimed at trying to steal computing power to mine cryptocurrency.