Much of the attention around Chinese hacking is directed toward advanced threat groups suspected to have links to China's government. But a new report shows that the nation's hacking goes far deeper, and there's a thriving scene that has adapted to an internet heavily controlled by the government.
The FIN7 cybercrime gang regularly phoned victims, posing as buyers, to trick victims into opening phishing emails and attachments with malware, federal prosecutors allege. The group's success - 15 million stolen payment cards and counting - is one measure of how difficult these types of attacks are to block.
A WannaCry outbreak has hit unpatched Windows 7 systems at Taiwan Semiconductor Manufacturing Co., crippling its factories. The world's largest chipmaker, which traced the infection to a new software tool that it failed to scan for malware before installation, says the outbreak could cost it $170 million.
The cost of the city of Atlanta's mitigation and subsequent IT overhaul following a massive SamSam ransomware infection in March could reach $17 million, of which $6 million has already been budgeted for new devices, security enhancements as well as upgrades, according to news reports.
The chief security officer for the U.S. Democratic Party is recommending that all party officials avoid using mobile devices made by Chinese manufacturers ZTE and Huawei. Bob Lord says that even if devices from those manufacturers are free or low cost, no one wants to be the next "patient zero."
Cloud-based CRM giant Salesforce.com is warning some of its Marketing Cloud users that any data they stored may have been accessed by third parties or inadvertently corrupted because of an API error that persisted for six weeks.
Attackers have targeted a patched vulnerability to exploit more than 209,000 carrier-grade routers made by Latvian manufacturer MicroTik and infect them with two types of malware - Coinhive and Crypto-Loot - designed to mine for cryptocurrency, security researchers say.
One measure of why it's so difficult for organizations to keep their software patched and better secured: Of the nearly 20,000 unique vulnerabilities in 2,000 products cataloged last year, only half involved Microsoft, Adobe, Java, Chrome or Firefox software, says Flexera's Alejandro Lavie.
Three Ukrainian men who were allegedly part of a hacking gang that stole more than 15 million payment card records from U.S. businesses, sold the data in underground markets and enabled at least $12.4 million in fraud have been arrested in Germany, Poland and Spain at the request of the U.S.
Reddit suffered a data breach in June after attackers managed to bypass its SMS-based two-factor authentication system. User data from 2007 and before was compromised. Security experts say the breach should serve as a reminder that using any two-factor authentication is better than none.
Russian national Mikhail Malykhin, who was illegally residing in the U.S., has received a 70-month prison sentence after admitting to hack attacks and conspiring to use fraudulent debit cards issued via a hacked healthcare benefits administrator.
With Australia's data breach reporting law now in effect, its healthcare sector has recently reported the highest number of data breaches - a finding that is sure to intensify the already intense scrutiny of the country's controversial e-health records project.