Machine learning can play a significant role in mitigating money laundering risks, says Andy Gandhi, managing director, data risk and compliance at the consultancy Alvarez and Marsal.
The latest edition of the ISMG Security Report analyzes the hijacking of a virtual court hearing in the Twitter hacking case. Also featured: Why network segmentation is more important than ever; update on Windows print spooler vulnerability.
Cybercriminals have shifted their focus from individuals and smaller businesses to target governments, critical health infrastructure and major corporations to maximize their profits and disruption during the COVID-19 pandemic, a new Interpol report warns.
Adobe Flash Player, which has been patched hundreds of times during its lifetime to address vulnerabilities, will no longer be supported after Dec. 31, leaving an attack vector that can be exploited by malicious actors unless it's removed. That's why eliminating all instances of Flash Player is so urgent.
Christopher Leone, assistant special agent in charge, United States Secret Service, offers advice to organizations on forging relationships with law enforcement as part of their cybersecurity incident preparedness plans.
The hackers who hijacked 130 high-profile Twitter accounts as part of a cryptocurrency scam earlier this month used a telephone-based spear-phishing attack to obtain employee credentials, the social media company says.
Security experts say that ransomware victims too often treat the malware infection as an isolated event, when they should instead assume that attackers remain in their network until proven otherwise. Here are eight tips for dealing with ransomware and other intrusions and making a full recovery.
Mobile banking startup Dave is just the latest victim of criminal data brokers. Extensive evidence now points to Dave having been hit by a ShinyHunters, which has been tied to the sale of millions of stolen records to fraudsters - either via a phishing attack or hack of a third-party service provider.
Mobile-only banking app Dave has suffered a data breach that exposed personal details for at least 3 million users. But the fintech startup says no account information was exposed, and there are no signs of fraud. Dave says the incident traces to credentials stolen from Waydev, a third-party service provider.
Money launderers are devising new tactics during the COVID-19 pandemic. For example, some are coming up with ways to use personal protective equipment, or PPE, as a form of currency, says Debra Geister, CEO of Section 2 Financial Intelligence Solutions.
The latest edition of the ISMG Security Report analyzes the hacking of high-profile Twitter accounts. Also featured: Addressing security when offices reopen; the role of personal protective equipment, or PPE, in money laundering during the pandemic.
Any nationally chartered bank can now serve as a custodian of the cryptographic keys for a cryptocurrency wallet, according to a letter from the Office of the Comptroller of the Currency. James Wester of IDC analyzes the implications.
Which entities will be custodians of our identities? David Birch of Consult Hyperion discusses why banks could be likely candidates for this emerging role.
A group of spoofed cryptocurrency trading apps is targeting devices running macOS to install malware called Gmera, security firm ESET reports. The malware can steal users' data as well as their cryptocurrency wallets.
In this new era, every enterprise is suddenly "cloud first." But there are significant data security gaps to avoid before putting critical data in the cloud. Imperva's Terry Ray shares strategies to maximize simplicity and regulatory compliance.
In this Ebook on cloud security Ray discusses:
Biggest cloud security...
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