JPMorgan Chase CEO Jamie Dimon said Oct. 10 that he expects Chase's annual computer security budget to double from $250 million to $500 million over the next five years in the wake of its massive data breach.
Alleged Russian hacker Roman Valerevich Seleznev, arrested earlier this year, is facing 11 additional charges tied to the theft of credit card information for later sale on underground "carding" websites.
Malware known as "Mayhem" that targets Unix and Linux systems has been updated to exploit Shellshock flaws, security experts warn. But with few Unix-flavor systems running anti-virus software, how can it be stopped?
Cybersecurity Coordinator Michael Daniel says much of the Obama administration's efforts will involve getting whatever IT security policy passed on whatever vehicle is available as long as the measure is acceptable to the White House.
Leading this week's industry news roundup, Sophos acquires Mojave Networks to help strengthen its cloud-managed and appliance-based security solutions, while Corero introduces a DDoS analytics application.
Malware-wielding attackers have compromised 800,000 online banking credentials, mainly for customers of the five largest U.S. financial services firms, a new study warns. But they may also be preparing for APT attacks against financial institutions.
Citigroup, E*Trade, Regions Financial, Fidelity Investments, HSBC, Bank of the West and ADP are now believed to have been probed by the same hackers that targeted Chase, according to news reports. But so far, none of those firms believes data was compromised.
Criminals have infected at least 50 ATMs in Eastern Europe, including Russia, with malware, dispensing millions of dollars in cash directly to money mules. Interpol warns such attacks could spread worldwide.
Yahoo confirms Shellshock-targeting attackers hacked into three of its servers, but claims they didn't exploit Bash flaws. Meanwhile, Lycos denies it's been breached and WinZip isn't responding directly to a report that it was hacked.