The cybercrime sector involves a rapidly growing services economy that provides everything from bulletproof hosting and stresser/booter DDoS on demand, to ransomware-as-a-service and sites that offer to launder bitcoins via a process known as tumbling.
Two men have been arrested by Israeli police, at the request of the FBI, in connection with an investigation into the vDos site, which provided distributed denial-of-service - a.k.a. stresser or booter - attacks on demand.
SentinelOne, one of a batch of vendors using machine learning to conquer malware, says it will not integrate its behavioral detection engine into Google's VirusTotal service. CEO Tomer Weingarten claims the investment wouldn't provide a worthwhile return.
Two men allegedly tied to the hacking group "Crackas With Attitude" have been arrested as part of an investigation into hacks of U.S. government systems and senior government officials, including CIA Director John Brennan's personal AOL email account.
Wells Fargo will pay $185 million in fines over employees illegally subscribing customers to banking products they didn't request - creating 2 million ghost accounts in the process - in what appears to be one of the largest cases of identity theft ever recorded.
President Obama has named Gregory Touhill, a retired Air Force brigadier general, as the U.S. federal government's first CISO. But his tenure could be brief because the next president could replace him or do away with the new position.
Internet of Things alert: Many embedded systems contain hardcoded cryptographic credentials that attackers could use to seize control of the devices or crack encrypted website traffic. And the problem is only getting worse, says security firm SEC Consult.
The National Institute of Standards and Technology is moving ahead with an initiative to create standards for cryptographic algorithms for small computing devices, such as those found in automobiles, control systems, smart grids and the Internet of Things.
Hutton Hotel says it failed to spot that its point-of-sale systems were compromised by malware for over three years. Separately, Noble House is now warning that its breach investigation uncovered 10 malware-infected hotels or restaurants.
To the annals of super-bad historical mega breaches that no one knew about, add two new entries: Dropbox and Last.fm. Hackers reportedly stole tens of millions of usernames and passwords from each in 2012.
Kimpton Hotels & Restaurants is warning that all 62 of its hotels suffered a POS malware infection this year that resulted in the compromise of cardholder data. So far it's unclear if the attack relates to breaches of Oracle MICROS or other POS vendors.
Following the $81 million Bangladesh Bank hack, "persistent, adaptive and sophisticated" attackers have continued to compromise banks' local security controls to send fraudulent money-moving messages via SWIFT's interbank messaging network, and, in some cases, successfully steal money, SWIFT warns.
Brazen ATM thefts from financial institutions in Taiwan and Thailand have sent a shiver through the global banking industry. An inside look at the malware used in the attacks reveals attackers' clever, incremental improvements.