The U.S. Consumer Financial Protection Bureau is mulling over whether to reimburse consumers for online scams and fraud, but this regulatory change could lead to an increase in first-party fraud, cautioned Karen Boyer, senior vice president of financial crimes at M&T Bank.
A hacking group with apparent ties to Russia or Belarus has been using "simple yet effective attack techniques and tools" to gain access to multiple governments' email systems as part of apparent cyberespionage operations in support of Russia's invasion of Ukraine, researchers warn.
There's much national security ado about how much user data gets collected by the Chinese-owned, wildly popular video-sharing app TikTok. But as France's ban of "recreational apps" from government-issued devices highlights, a bigger-picture approach for combating surveillance is required.
Credential harvesting attackers are taking advantage of a distributed file protocol to distribute customized phishing links. Because the system, the InterPlanetary File System, is designed to be resilient against content takedowns, scammers are using it to deliver phishing emails at scale.
A U.S. federal judge sentenced a Nigerian national to four years in prison for running several cyber-enabled schemes aimed at defrauding U.S. citizens out of more than $1 million. The men were arrested four years ago and extradited to Arizona in 2022 from Malaysia and the United Kingdom.
Blue Shield of California is notifying more than 63,000 customers that their data was potentially exfiltrated in a compromise involving Fortra's GoAnywhere secure file transfer software and one of the health plan's covered mental health providers for minors.
North Korean hackers are stealing cryptocurrency to fund operations under an apparent mandate from Pyongyang to be self-sufficient, threat intel firm Mandiant says. The regime probably expected its hackers to pay their own way before 2020, but the novel coronavirus pandemic exacerbated its demands.
A hacking incident at Australian non-bank lender Latitude Financial affected a far greater number of individuals than initially disclosed, the company said Monday. It now estimates that its mid-March cybersecurity incident affected 14 million people although it has just over 2.8 million customers.
The French government imposed a ban on TikTok and other social media apps after concluding that "recreational apps" lack sufficient "levels of cybersecurity and protection of data to be deployed on administrative equipment," said Stanislas Guerini, the minister of transformation and public service.
A New York medical malpractice law firm will pay $200,000 and implement data security improvements to settle a HIPAA enforcement action by the state attorney general's office following a 2021 ransomware attack by LockBit. Law firm Heidell, Pittoni, Murphy & Bach paid the hackers $100,000 in 2021.
Twitter says its source code was leaked by an unknown user on the popular open-source code collaboration platform GitHub. The social media giant requested a subpoena from a federal court Monday to force GitHub to provide details about the person behind the partial code leak.
Silicon Valley Bank's new owner plans to double down on business with venture capital and private equity firms and the portfolio companies they serve. VC and PE-focused business accounts form the largest segment of the combined $143 billion loan portfolio of First Citizens and Silicon Valley Bank.
The U.S. government limited its use of advanced surveillance software such as Pegasus through an executive order prohibiting agencies from buying licenses for spyware used by foreign governments to spy on dissidents. The order does not outright stop the government from purchasing spyware.
Stung by the FBI's infiltration and takedown of the Hive ransomware group, other ransomware operators have been retooling their approaches to make their attacks more effective and operations tougher to disrupt, says Yelisey Bohuslavskiy, chief research officer at threat intelligence firm Red Sense.
Indian police busted six members of an alleged criminal gang that sold the personal data of 168 million Indian citizens, including defense personnel and government employees. Cyberabad Metropolitan Police Commissioner Stephen Raveendra called the operation a national security risk.
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