David Coffey, senior vice president of engineering at Forcepoint

Designing a Behavior-Centric Security Plan

Suparna Goswami • August 20, 2019

Organizations looking to implement behavior-centric security must set clear goals for the business outcomes, says David Coffey, senior vice president of engineering at Forcepoint, who offers tips.

3rd Party Risk Management

Singapore Sets Cybersecurity Requirements for Banks

Latest

Cybercrime

For Sale on Cybercrime Markets: Real 'Digital Fingerprints'

Mathew J. Schwartz • August 22, 2019

Cybercrime marketplaces Genesis and Richlogs are helping fraudsters to better impersonate legitimate users of banks, eBay, Amazon, Netflix and more by providing them with victims' legitimate "digital fingerprints" and replay tools designed to fool anti-fraud defenses.

ATM Fraud

'Silence' Gang Ramps Up Bank Assaults

Jeffrey Burt • August 22, 2019

"Silence," a Russian-speaking criminal group that has stolen $4.2 million from ATMs and financial institutions since 2016, has become more active this year, using new tools and tactics in its attacks and expanding its reach globally, according to the security firm Group-IB.

3rd Party Risk Management

Cloud Security: Mess It Up and It's on You

Jeremy Kirk • August 22, 2019

The transition to cloud-based software and infrastructure has revolutionized development and services. It's also created a bevy of new security challenges. Jay Heiser of Gartner says if organizations don't get cloud security right, it's their own fault. Here's why.

Account Takeover

Fake VPN Website Delivers Banking Trojan

Akshaya Asokan • August 21, 2019

Researchers at the security firm Doctor Web have uncovered a fake website for a VPN provider that's designed to spread a Trojan that can steal credentials to bank accounts.

Governance

Is Apple's Top $1 Million Bug Bounty Too Much?

Jeremy Kirk • August 21, 2019

Progressive companies seeking to improve their security are increasingly adopting bug bounty programs. The theory is that rewarding outside researchers improves security outcomes. But in practice, bug bounty programs can be messy and actually create perverse incentives, says bug-hunting expert Katie Moussouris.

Biometrics

Use of Facial Recognition Stirs Controversy

Apurva Venkat • August 20, 2019

A developer's use of facial recognition technology to scan the faces of pedestrians in London has sparked concerns from residents, the mayor and Britain's privacy watchdog. Meanwhile, the use of the technology is raising privacy concerns worldwide and is even becoming an issue in the U.S. presidential race.

Cyberwarfare / Nation-State Attacks

Facebook and Twitter Scuttle Hong Kong Disinformation

Mathew J. Schwartz • August 20, 2019

Facebook and Twitter have suspended a number of accounts and pages that they have tied to information operations being run by the Chinese government. Disinformation has targeted pro-democracy demonstrators in Hong Kong - likening them to cockroaches - while dismissing anti-Beijing sentiment as "fake news."

Cybercrime

Threat Intel for a Global Economy

Tom Field • August 20, 2019

The World Economic Forum recently identified "cyberattacks and data integrity concerns crippling large parts of the internet" as one of the top 10 global risks. Jaime Chanaga of NTT talks about the significance of that announcement and the concerns global security leaders face headed into 2020.

Business Email Compromise (BEC)

FBI Arrests Nigerian Suspect in $11 Million BEC Scheme

Scott Ferguson • August 19, 2019

The FBI has arrested a Nigerian businessman for allegedly carrying out an $11 million business email compromise scheme that targeted a U.K. affiliate of U.S. heavy equipment manufacturer Caterpillar.

Breach Notification

Texas Pummeled by Coordinated Ransomware Attack

Mathew J. Schwartz • August 19, 2019

State officials in Texas say that at least 23 local government entities have fallen victim to a coordinated ransomware attack unleashed on Friday morning. Security experts say attackers continue to pummel local governments, and illicit profits have been rising.

3rd Party Risk Management