The U.S. Department of Justice, in one of its biggest-ever cybercrime disruptions, shuttered the Infraud Organization, an online forum prosecutors tied to $530 million in losses. Thirteen suspects - in Australia, France, Italy, Kosovo, Serbia, the U.K. and the U.S. - have been arrested.
A hacking team dubbed "Group 123" with apparent ties to the government of North Korea has been exploiting a zero-day vulnerability in the Flash browser plug-in, likely to hack high-value targets. Adobe has released an emergency Flash update with security fixes. Or organizations could simply stop using Flash.
As banks in the U.S. and Australia grapple with how to effectively launch faster payments, more will turn to big data and machine learning to help better manage expected upticks in fraud, says cybersecurity specialist John O'Neill Jr. of DarkTower.
The Department of Justice has charged two men, arrested in Connecticut near the scene of a jackpotting attack against a drive-up ATM, with bank fraud stemming from a malware attack. Police say they recovered $9,000 in $20 bills, as well a black box and other equipment from the suspects' car.
Russian citizen Peter Levashov, arrested last year while vacationing in Spain, appeared Friday in U.S. federal court to face charges that he owned and operated the Kelihos botnet and distributed spam, banking Trojans and ransomware for profit. Levashov has pleaded not guilty.
Blockchain technology already underpins the boom in cryptocurrencies, but it is also being rigorously tested and developed for other applications, including identity and access management. Such projects could make personal data easier to secure and less vulnerable to data breaches.
Orwell got it wrong: People are less likely to surrender their privacy to a totalitarian state than to the lure of sharing holiday snaps, cat videos or the route and time they took for their latest cycling, jogging or kiteboarding outing, as captured by a wearable fitness device.
The booming interest and sometimes surging values of cryptocurrencies are drawing the interest of cybercriminals on a scale never seen before - including attacks aimed at trying to steal computing power to mine cryptocurrency.
Leading the latest edition of the ISMG Security Report: Inside the darknet marketplaces that serve cybercrime-as-a-service buyers and sellers. Also, why the healthcare sector remains so bad at detecting data breaches and blocking ransomware.
On cybercrime forums and darknet marketplaces, there's an abundant supply of cybercrime products and services and lots of demand, plus prices remain low, says Flashpoint's Liv Rowley. All that's needed to leverage the products and services to make a profit, she says, is a bit of knowledge.
As RBI reports an increase in transactional fraud in India, the government is reviewing the financial sector's security posture in light of the nation's move toward a cashless economy. Security experts discuss the methods for effective fraud control.
The news that "jackpotting" or "cashout" attacks have now spread to the United States is renewing concerns about ATM security in India as well. Local security experts offer insights on what ATM security steps are most essential.
The White House, fearing China is spying on phone calls, has suggested that the U.S. government take a primary role in marshaling the development of secure 5G networks. But would nationalizing 5G networks make them more secure?