Here's more evidence of how a data breach can have a major financial impact. The bill for U.K. telecom giant TalkTalk's October 2015 data breach could be as much as $94 million, and the incident resulted in the loss of 95,000 customers.
Who is responsible for fraud losses resulting from business email compromise? Texas-based AFGlobal Corp. is suing its insurance firm to settle this question. Experts weigh in on the lawsuit and why cyber insurance rarely covers losses from these scams.
Sophisticated phishing campaigns, increasingly targeted because of social media, are fueling business email compromises - a growing wire fraud scheme that is attacking businesses worldwide, says Jim Hansen of PhishMe.
The Ukrainian energy sector is being targeted by fresh phishing attacks, the country's computer emergency response team warns. But it's not clear who's behind those campaigns, or a recent malware infection at Kiev's main airport.
The latest strain of Android malware called SlemBunk tries to trick mobile banking application users into sharing their banking, social network and other credentials, as security experts see the number of mobile malware attacks continuing to increase.
Attorneys general in nine states say card issuers should move to chip-and-PIN, rather than chip-and-signature, as they roll out EMV. But are other issues, such as wider use of encryption and tokenization, more worthy of attention?
As the unfolding investigation into the Paris attacks shows, just sharing threat-related data - without adding the crucial context that turns it into actionable intelligence - won't help organizations block attacks.
Discussions I recently moderated around mobile security indicate that Indian practitioners have significant doubts about the effectiveness and applicability of mobile security solutions such as MDM and others.
The massive cyberattacks that struck Chase and other leading U.S. financial services firms illustrate just how vulnerable larger institutions can be to cyber-attacks. They also show why organizations must encrypt customer data, says security and forensics expert Chuck Easttom.
Fraudsters are increasingly using global brands, including Apple, to fool consumers into providing personal and financial information that can be used to compromise financial accounts. Experts offer insights on the latest trends and how to respond.
Distributed-denial-of-service attacks on banks are more powerful than ever, but we hear less about them than we did three years ago. How have attackers changed their tactics, and why should we be even more concerned about their strikes?
The FBI estimates fraud losses linked to so-called business email compromise scams worldwide have exceeded $1.2 billion in less than a year. But some financial fraud experts say the losses from this largely overlooked threat could be even higher.
A $46.7 million fraud scheme that hit Ubiquiti Networks Inc. shows the new & improved face of wire fraud - and just how easy it is for cybercriminals to fool employees into helping to pilfer their own enterprises.