Fraud in the interactive voice response channel was growing before the pandemic. Since? IVR fraud has become "a fraudsters' playground," says Mark Horne, CMO of Pindrop. He shares a new account-centric defensive solution.
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 latest edition of the ISMG Security Report features an analysis of how cybercriminals are ditching banking Trojans in favor of ransomware attacks. Also featured: Defending against deep fakes; supporting a dispersed workforce.
Interpol, Nigerian law enforcement agencies and security firm Group-IB have collectively uncovered a massive Nigerian business email compromise gang that was active across more than 150 countries. Three suspected members have been arrested in Nigeria.
French IT services firm Sopra Steria, which was hit with Ryuk ransomware in October, now estimates that the attack could cost the company up to $60 million in recovery costs. Experts say that after going quiet in March, Ryuk reappeared in September, and has targeted numerous hospitals.
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.
Researchers have identified a fresh variant of the Grelos skimmer that has co-opted the infrastructure that MageCart uses for its own skimming attacks against e-commerce sites, according to RiskIQ. The malware has been found on several small and mid-size e-commerce sites worldwide.
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.