Always highly profitable but generally opportunistic in reaching its individual victims, digital hostage-taking, especially of the cryptographic variety, is now rapidly developing into a favorite technique of the more strategic, enterprise-focused attacker. You can have your business back, but for a fee in this new...
As information security threats intensify, organizations risk becoming disoriented as they grapple with complex technology, an explosion of data, increased regulation, and a debilitating skills shortage. Prompt action is required to interpret an increasingly complex threat horizon which could place organizations and...
The 2015 ABA Deposit Account Fraud Survey is the eleventh biennial industry study conducted by the American Bankers Association on the topic of deposit account fraud. For over two decades, this ABA survey series has collected detailed DDA fraud information across traditional and emerging banking channels. With...
Amidst finger-pointing over responsibility for the $81 million online theft from Bangladesh Bank, SWIFT has issued its first-ever information security guidance to banks, telling them that they're responsible for securing their own systems.
The SWIFT messaging platform, which was hacked during the Bangladesh Bank heist, is used widely by most Indian banks for international financial transactions. Institutions that rely on the platform must be more vigilant, experts warn.
New rules set by the widely used malware database service VirusTotal will exclude security vendors for not sharing data. This move highlights ongoing tension in the multi-billion dollar anti-malware industry.
Verizon's annual Data Breach Investigations Report has triggered an avalanche of criticism that researchers made critical errors when studying and reporting on the top 10 most frequently exploited software vulnerabilities.
Attackers have been exploiting separate zero-day vulnerabilities in Internet Explorer and the Flash browser plug-in software. But while Microsoft has patched IE, Adobe's Flash fix remains forthcoming.
Israel reportedly will extradite two suspects who were indicted in connection with cyberattacks that breached JPMorgan Chase and others. Cybersecurity experts say this is the latest example of how cross-border collaboration to bring cybercriminals to justice is improving.
Australian entrepreneur Craig Wright boasted that he was the secret bitcoin creator known only as "Satoshi Nakamoto." But his claim has been dismantled by security experts, leading one to call Wright "the world's first cryptographically provable con artist."
The emerging threats posed by cybercrime and evolving banking services, including mobile banking, will be among the focal points of a keynote address by the Information Security Forum's Steve Durbin at ISMG's Fraud & Breach Prevention Summit in Washington May 17-18.
Anonymous is threatening global banks with 30 days of distributed denial-of-service attack disruptions and temporarily disrupted the Bank of Greece website as a preview. Security experts say all banks should take the DDoS threat seriously.
Some employees at organizations that use outsourced payroll provider ADP have been hit with tax return fraud. ADP blames customers for failing to secure the unique portal registration codes it issues.
Following a massive data leak, Qatar National Bank has confirmed that its systems may have been hacked. A group with Turkish ties has claimed credit for the attack and reportedly threatened to release information from a second bank hack.
Because of his "substantial assistance" to federal prosecutors, the mastermind behind the Gozi banking Trojan will serve no additional prison time, but will pay nearly $7 million for forfeiture and restitution linked to the tens of thousands of bank accounts compromised by Gozi.
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