The latest ISMG Security Report leads off with a look at the growing industry of mobile spyware designed exclusively for governments, but often misused to track citizens and activists. Also, Australia's push to get allies to adopt tools to counter encryption.
The business of crimeware is evolving - and so are the exploits that take advantage of unprotected systems. How do security leaders focus on managing their most critical vulnerabilities? Gidi Cohen, CEO of Skybox Security, shares insights.
The FBI says reported losses due to internet crime last year totaled $1.3 billion, based on nearly 300,000 complaints logged with its Internet Complaint Center. It warns that CEO fraud, ransomware, tech-support fraud and extortion are becoming increasingly prevalent.
In an in-depth interview, Guru Bhat, head of engineering at PayPal, describes how the online payments provider has used a mix of sophisticated automation, including machine learning, and human insight to maintain a fraud loss rate of just 0.32 percent.
Good news: Exploits kits are in decline, thanks to concerted efforts to disrupt their efficacy. Unfortunately, criminals are diversifying their attacks, focusing more on social engineering - including tech-support scams - and malicious spam campaigns.
Microsoft has sought to get in front of a brewing controversy over whether it unfairly disables third-party anti-virus products in Windows 10. The company is seeking to dampen charges that are reminiscent of its years-long legal tangles with global antitrust regulators.
One month after the SMB-targeting WannaCry worm outbreak began spreading globally, Honda discovered fresh infections at multiple facilities, and was forced to temporarily idle one plant as a result of the ransomware.
South Korean web hosting firm Nayana has agreed to pay attackers a record-shattering $1 million to unlock 153 Linux servers crypto-locked by ransomware. Security researchers say the infection was likely exacerbated by the company running ancient versions of the Linux kernel, as well as Apache and PHP.
Writing the obituary for the lifeless Neutrino exploit kit leads the latest edition of the ISMG Security Report. Also, judging the value of the Department of Health and Human Services' wall-of-shame website of healthcare sector breaches.
Clothing retailer Buckle says malware installed on its point-of-sale systems apparently stole customers' payment card details for nearly six months. Buckle's warning, which follows a breach alert from Kmart, shows the fight against payment card fraud is far from over.
Britain's security services have reportedly concluded that the WannaCry ransomware outbreak was launched by Lazarus group, a hacking team tied to North Korea. Attribution aside, security experts question how many organizations can defend themselves against Lazarus attacks.
The CEO of the company that crippled WannaCry's ransomware component explains to Congress how the worm continues to attack unpatched systems at increasing rates. Also, creating a healthcare cybersecurity framework.
Good news: The Neutrino exploit kit - once a major exploit kit player - appears to have disappeared from the cybercrime scene. While it's unclear if Neutrino is gone for good, rivals have already filled any gaps in the market.