Attackers have stolen $23.5 million in cryptocurrency from Bancor, which is developing a decentralized exchange. The cause of the hack may have been a failure by Bancor to protect authentication keys that allowed for changes in its token smart contracts.
Aaron Sherman, who recently made the transition from serving as an FBI agent investigating cybercrime and nation-state threats to working at Braintrace on ways to improve detection and response efforts, shares insights on the career change.
A new kind of cyberattack that targeted financial institutions in Europe and Russia to steal nearly $100 million illustrates how threats are evolving, says Brian Hussey of Trustwave, who discusses mitigation steps.
It's a fair question: Can you trust the fraud advice you're given from a former fraudster? Especially one who's betrayed law enforcement before? Brett Johnson says he's abandoned crime for good, and he shares insight on the types of fraud schemes he once practiced.
The U.K. has approved a plan to build a cutting-edge court complex in London designed to handle cybercrime, fraud and economic crime. The facility is expected to be a growth driver for the country's legal industry, despite the U.K.'s pending withdrawal from the European Union.
To have any hope of keeping up "with the exponential rise in variants in malware," organizations must reduce their attack surface, in part by using technology designed to learn what attacks look like and respond as quickly as possible, says Cylance's Anton Grashion.
Old technology never dies, but rather fades "very slowly" away, as evidenced by there being 21 million FTP servers still in use, says Rapid7's Tod Beardsley. Rapid7's scans of the internet have also revealed a worrying number of internet-exposed databases, memcached servers and poorly secured VoIP devices.
What are hot cybersecurity topics in Scotland? The "International Conference on Big Data in Cyber Security" in Edinburgh focused on everything from securing the internet of things the rise of CEO fraud to the origins of "cyber" and how to conduct digital forensic investigations on cloud servers.
"This is not a crazy state; this is a rational state pursuing rational objectives." So said Robert Hannigan, former head of Britain's GCHQ intelligence service, when describing North Korea in a wide-ranging talk at the Infosecurity Europe conference that also touched on Russian hacking and cybercrime.
Attackers continue to shift their tactics to help evade improvements in defenses, says Rick McElroy, security strategist for Carbon Black. Recent trends include fileless attacks, shifting from PowerShell to WMI, plus cryptojacking and credential harvesting.
Never underestimate the human factor in attacks. Indeed, many of today's top attacks - from malware to phishing - require some level of interaction from victims. "They're targeting people - they're targeting the users within our businesses," says Proofpoint's Adenike Cosgrove.
In the past 12 months, there's been a blistering series of high-impact attacks that increasingly blur the lines "between statecraft and criminal organizations," says CrowdStrike's Zeki Turedi. How much of this blurring is intentional?
Government regulation is key to minimizing the misuse of cryptocurrencies for cybercrime, says Brett Johnson, a former cybercriminal who now consults on crime prevention. But regulating cryptocurrencies is no easy task, he acknowledges. Johnson will keynote ISMG's Fraud and Breach Prevention Summit in Chicago.
The U.S. Department of Justice has charged a former CIA officer, 29-year-old Joshua A. Schulte, with providing 8,000 documents that describe the agency's offensive malware tools and practices to WikiLeaks, which published them in 2017 as the "Vault 7" archive.
As bitcoin continues its massive price fluctuations, a new report says criminals have continued their push to get extortion and ransom payments in more stable cryptocurrencies. But bitcoins remain a top target for hackers, who most often choose to directly target cryptocurrency exchanges.