Banks are facing unprecedented challenges in securing their digital ecosystems while maintaining cost efficiency. With cybercriminals increasingly targeting the financial industry, banks face risks to their reputation as trustworthy partners. With data breach costs averaging nearly $6 million per incident, banks...
An IT security analyst has confessed to trying to blackmail his employer by altering ransom notes sent from a hacker to a board member and changing the cryptocurrency payment address to one he controlled. After his employer detected the unusual activity, U.K. police traced it back to the worker.
Nickolas Sharp, a one-time employee of Ubiquity who pleaded guilty to insider hacking received Wednesday a six year prison sentence. He admitted guilt on Feb. 2 to three criminal counts including transmitting a program to a protected computer that intentionally caused damage.
The definition of insider threat seems to have evolved since the hybrid workforce became the norm. More organizations are now talking about the "compromised insider." Randall Trzeciak of Software Engineering Institute said that in the last three years, insider threats have changed to insider risks.
2022 Threat Landscape has shown a lot of uniqueness compared to previous years. With increase in Nation State Attacks we are seeing the emergence of a new class of e-criminals who have access to new and sophisticated ways of creating revenues.
Download this E-Book and learn, the recent trends that have occurred...
The arrest of a low-level U.S. military IT specialist, Jack Teixeira, on suspicion of leaking highly classified documents begs the question of why he had access to them in the first place. The national guard airman has been charged with inappropriately retaining and sharing intelligence.
A member of the Massachusetts Air National Guard has been arrested for leaking highly classified military and intelligence documents. The U.S. Department of Justice announced that Jack Teixeira, 21, was taken into custody by FBI agents following the leaking of more than 100 documents.
Spoiler alert: In 2022, audits found open source in 100% of our customer engagements.
Since open source usages are now so pervasive, companies are increasingly concerned about the security of applications built on the foundation of open source components. Consequently, open source security and license compliance...
Insider threats are a growing concern for every organization — one that is increasingly difficult to manage using conventional security technologies. According to Ponemon’s 2022 Cost of Insider Threats Global Report:
Insider threats have increased in both frequency and cost over the past two years
Credential...
Accenture has bought Morphus to get more intelligence around fraud and other cybercrimes Brazilian criminals are perpetuating in the digital world. The Morphus acquisition will help Accenture customers take on financially motivated cyber fraud and insider threats that are pervasive in Brazil.
Security director Ian Keller, rants about the insider threat and the massive role leadership plays in changing people's behavior so they don't become one. As Keller says, "The way you treat people is directly reflected in how they treat you and your business."
Seattle police have charged an online retailer's "shopping experience" software programmer with engineering a fraud scheme based on the movie "Office Space," in which malicious software was used to transfer a fraction of every transaction into an outside account.
Belgian banking giant Degroof Petercam is warning hundreds of clients that their employees are at risk of fraud after personal details tied to their stock option plans were accessed, potentially by an ex-employee. The bank has reported the data breach to the Belgian Data Protection Authority.
The latest edition of the ISMG Security Report discusses how investigators saw the collapse of cryptocurrency exchange FTX as "one of the biggest financial frauds in American history," how CISOs can guard against their own liability, and major security and privacy shifts and the outlook for 2023.
What is an Endpoint Detection & Response (EDR) solution and why do organizations need it?
Security teams should be cautioned against the false sense of security that comes with legacy protection methods like Antiviruses, as such solutions only offer protection against known threats, but stand vulnerable to zero-day...
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