Citi, Equifax, Capital One - the list of financial institutions that have suffered high-profile cyber incidents is long, and the penalties they've incurred have been steep. To Scott Kannry, CEO of Axio, it all comes down to cyber risk - and he has new ideas for redefining it.
Based on the threats and tactics unleashed in 2020, cybersecurity promises to be a top-of-mind business risk for the next president to manage. Bill Swearingen of IronNet Cybersecurity reflects on a virtual roundtable discussion about what to expect over the next four years.
CISA is warning about a possible password leak that could affect vulnerable Fortinet VPNs and lead to further exploitation. The latest agency notice comes just days after hackers began publishing what they claim are leaked passwords on underground forums, according to researchers.
Europol, along with the other law enforcement agencies in Europe, prevented payment fraud losses of $47.5 million by targeting fraudsters who were selling stolen card data on darknet websites known as card shops.
Criminals continue to rely on automated bots for phishing attacks, web scraping, credential stuffing and more. But while gangs previously needed to amass large, powerful botnets to be effective, now they need relatively few devices, says Group-IB CTO Dmitry Volkov.
The Home Depot reached a $17.5 million settlement of a multistate lawsuit stemming from a 2014 data breach that compromised the payment card data of 40 million customers. The company will also implement new security procedures as part of the agreement.
A recently uncovered vulnerability in a class of Amazon Web Service APIs can be exploited to leak AWS identity and access management user and arbitrary accounts, according to Palo Alto Networks' Unit 42.
Although the global financial industry has made strides in protecting its data from malware, including Trojans, cyberthreats such as network intrusion, ransomware and criminal gang cooperation are presenting fresh challenges, according to the Carnegie Endowment for International Peace.
"Has anyone witnessed any examples of criminals abusing artificial intelligence?" That's a question security firms have been raising. A new report has identified likely ways in which such attacks might occur and offers examples of threats already emerging
A recently uncovered point-of-sale malware called "ModPipe" is targeting Oracle software used by thousands of restaurants and other businesses in the hospitality industry, according to researchers at ESET. This backdoor can then steal sensitive data, such as cardholder names.
The latest edition of the ISMG Security Report features an analysis of how President-elect Joe Biden is expected to renew international relationships needed in the fight against cyberattacks. Also featured: the pandemic's impact on cybercrime; analysis of Europol's annual cybercrime report.
Darkside is the latest ransomware operation to announce an affiliate program in which a ransomware operator maintains crypto-locking malware and a ransom payment infrastructure while crowdsourced and vetted affiliates find and infect targets. When a victim pays, the operator and affiliate share the loot.
Inadequate database and privileged account monitoring, incomplete multifactor authentication and insufficient use of encryption: Britain's privacy regulator has cited a raft of failures that contributed to the four-year breach of the Starwood guest reservation system discovered by Marriott in 2018.
The operators behind a botnet dubbed "Gitpaste-12" are abusing legitimate services such as GitHub and Pastebin to help hide the malware's malicious infrastructure, according to Juniper Threat Labs. This botnet mainly targets Linux apps and IoT devices and can mine cryptocurrency.
The latest edition of the ISMG Security Report features an analysis of the EU General Data Protection Regulation fines that have finally been imposed on Marriott and BA over serious data breaches each suffered. Also featured: Regional digital fraud trends, and a look at the CISO role and its responsibilities.
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