Mobile-only banking app Dave has suffered a data breach that exposed personal details for at least 3 million users. But the fintech startup says no account information was exposed, and there are no signs of fraud. Dave says the incident traces to credentials stolen from Waydev, a third-party service provider.
Garmin has not yet announced what caused an outage of its Garmin Connect fitness tracking service as well as its website. But some employees reportedly are attributing the outage to ransomware.
Money launderers are devising new tactics during the COVID-19 pandemic. For example, some are coming up with ways to use personal protective equipment, or PPE, as a form of currency, says Debra Geister, CEO of Section 2 Financial Intelligence Solutions.
A previously undetected botnet called "Prometei" is targeting vulnerable Microsoft Windows devices by brute-forcing SMB vulnerabilities to mine monero cryptocurrency, according to Cisco Talos.
The latest edition of the ISMG Security Report analyzes the hacking of high-profile Twitter accounts. Also featured: Addressing security when offices reopen; the role of personal protective equipment, or PPE, in money laundering during the pandemic.
Any nationally chartered bank can now serve as a custodian of the cryptographic keys for a cryptocurrency wallet, according to a letter from the Office of the Comptroller of the Currency. James Wester of IDC analyzes the implications.
If the first rule of combating attempted election interference by nation-states is to watch for when it's happening, where does that leave Britain? A scathing report from Parliament's Intelligence and Security Committee concludes that national security was likely trumped by Russian money.
Companies can use data analytics and artificial intelligence to help mitigate the risk of collusion between their employees and vendors, says Amine Antari, managing director at the consultancy Kroll.
Following Twitter's admission that cryptocurrency scammers socially engineered its employees to gain control of 45 high-profile accounts, one reaction has been: Why didn't anyone crack Twitter sooner? Unfortunately, the answer is that they have, especially if you count nation-states bribing insiders.
Which entities will be custodians of our identities? David Birch of Consult Hyperion discusses why banks could be likely candidates for this emerging role.
A group of spoofed cryptocurrency trading apps is targeting devices running macOS to install malware called Gmera, security firm ESET reports. The malware can steal users' data as well as their cryptocurrency wallets.
A malicious app called Welcome Chat has been spotted targeting Android users in Middle Eastern countries - where chat apps are illegal, according to new report by security firm ESET.
Malware designed to provide backdoor access to corporate networks, gain administrative privileges and deliver additional payloads was hidden in tax software the Chinese government requires companies doing business in the nation to use, researchers at the security firm Trustwave report.
Creating a cyber intelligence strategy involves operational and tactical measures as well as technical approaches, says Jeff Bardin, chief intelligence officer at Treadstone 71.
Britain's U-turn on Huawei, announcing that it will now ban the manufacturer's gear from its 5G networks, highlights this as yet unresolved problem: Years of underinvestment and policy failures have left Britain and its allies with no inexpensive, trusted alternative.
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