In the latest weekly update, Joe Sullivan, CEO of Ukraine Friends, joins three editors at ISMG to discuss the challenges of being a CISO in 2024, growing threats from disinformation, vulnerabilities in MFA, AI's role in cybersecurity, and the obstacles to public-private information sharing.
Entrust, a pioneer payment, identity and data security software and services provider, is in talks to acquire Onfido, a pioneer in cloud-based, AI-powered identity verification technology, for a reported $400 million. The combined solution will help customers fight identity fraud.
The novel variant of the banking Trojan Mispadu is targeting Latin American countries, especially Mexico, by exploiting a flaw in Windows SmartScreen. In this latest distribution method, the attackers send spam emails that deliver deceptive URL files that circumvent the SmartScreen banner warning.
While ransomware groups rightly have a reputation for being morally and ethically bankrupt, many do play things straight with their victims. But RansomedVC is a notable exception. In some ways, it is "more dangerous" because of its expert ability to lie, according to researcher Jon DiMaggio.
Rumors are swirling about how the Department of Health and Human Services lost about $7.5 million in grant payments through a series of cyberattacks last year, including speculation over whether the incidents involved sophisticated AI-augmented spear-phishing or more commonplace fraud schemes.
It wasn't a sophisticated hack on Jan. 9 that allowed hackers to briefly take control of an official U.S. Securities and Exchange Commission social media account, the agency said Monday. The hackers simply scammed the account's mobile phone provider in a SIM swap attack.
Hackers have reportedly stolen about $7.5 million from a Department of Health and Human Services grant payment system in a series of cyberattacks last year. The news comes in the midst of HHS and other authorities warnings about rising threats involving social engineering and payment scams.
Hackers aligned with the Iranian state are masquerading as journalists to target Middle East experts and deploy a new custom backdoor that supports the Iranian government's spying agenda. Tehran may be harvesting perspectives on the Israel-Hamas conflict, according to Microsoft.
The American Hospital Association is warning of increasingly sophisticated social engineering scams targeting hospital IT help desks with schemes involving the stolen credentials of revenue cycle and other finance employees to commit payment fraud against the institutions.
A Russian domestic intelligence agency hacking group known for long-lasting logon credential phishing campaigns against Western targets is now deploying malware embedded into PDFs, say security researchers from Google. "Coldriver" is using a family of backdoors Google dubs Spica.
Fraudsters have long relied on mule accounts to deposit proceeds from a variety of scams, but financial crimes investigators are seeing a shift to dropped accounts, which can be opened and quickly discarded to evade detection by law enforcement, said M&T Bank's Karen Boyer.
Alex Zeltcer, CEO and co-founder at nSure.ai, believes more companies are using AI and gen AI to create synthetic data that will be used to identify fraudulent groups who target online shoppers and gamers. He also observes social engineering at scale, perpetrated by machines, to conduct fraud.
Mimecast announced the acquisition of human risk management solutions specialist Elevate Security as part of its initiative to enhance digital workplace protection. The move aims to address evolving cyberthreats by offering insights into human behaviors and risks and empowering customers.
This week, hackers took over Mandiant's X account, authorities charged a Nigerian hacker with stealing $7.5 million from charities, the DOJ fined XCast $10 million for illegal robocalls, and attackers exploited an SMTP smuggling flaw in a phishing email campaign.
This week, Orbit Chain lost $81 million in a New Year's Eve hack, Indonesian police shuttered bitcoin mining operations, dYdX named its attacker, $324,000 users fell victim to 2023 crypto phishing scams, Singapore's prime minister had a deepfake problem, and 2023 crypto losses decreased by over 50%.
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