As phishing campaigns and hacker attacks spread during the COVID-19 global pandemic, it's more important than ever for organizations to promptly report fraud to authorities to help them crack down on cybercrime, says Dr. Karnika Seth cyberlaw expert and advocate at Supreme Court of India.
The State Department is offering a $5 million reward for information about North Korean-sponsored hacking campaigns, according to an advisory released this week by several U.S. agencies about the ongoing threat these campaigns pose to financial institutions and others.
The ransomware threat has scaled up to match the new remote workforce. But have backup policies and incident recovery procedures improved to keep pace? David Shaw and John Bilotti of Nasuni share tips on ransomware recovery, remote file-sharing and business continuity.
Can you "big tech" a way out of a pandemic? Many governments around the world are trying, and Australia is joining the herd with a contact tracing app. But Australia has a splotchy record of large government tech projects, including in health, that may result in low voluntary adoption of an app.
Many criminals are continuing to tap cybercrime platforms and services to make it easier to earn an illicit paycheck, sometimes by combining tools, such as Emotet, Ryuk and TrickBot. This "loader-ransomware-banker trifecta has wreaked havoc" in recent years, says security firm Intel 471.
A global health crisis. A remote workforce. Economic uncertainty. These are key ingredients to fuel the insider threat. Randy Trzeciak of the CERT Insider Threat Center at Carnegie Mellon University offers tips for monitoring risky behavior and creating positive incentives to reduce risk.
TikTok, a video-sharing service, has been delivering video and other media without TLS/SSL encryption, which means it may be possible for someone to tamper with content, researchers say. That could be especially damaging in the current pandemic environment, where misinformation and confusion abounds.
Singapore's open banking effort has expanded the attack surface, and the only effective defense is to enhance threat intelligence sharing among banks, retailers and third parties, says Tom Wills, a Singapore-based cybersecurity practitioner who is a consultant for financial institutions.
In January, hackers reportedly compromised portions of the New York state government's computer network by taking advantage of an unpatched vulnerability in Citrix enterprise software. Although state officials say no data was compromised, the attack reportedly disabled some state agency information systems.
The SEC has settled charges against two traders who were accused of profiting from the hacking of an SEC EDGAR system server in 2016. The Ukrainian man who allegedly hacked the system by bypassing its authentication control remains at large.
To ensure business continuity, companies that support India's critical infrastructure need to validate the functioning of the security controls and other tools deployed to support the remote workforce during the COVID-19 pandemic, says Mumbai-based Shivkumar Pandey, group CISO at the Bombay Stock Exchange.
As governments and organizations around the globe rethink their use of the Zoom teleconference platform as a result of ongoing privacy and security concerns, the company is making more system changes and has formed a CISO advisory board.
Travelex, a London-based foreign currency exchange that does business in 26 countries, including the U.S., paid a ransomware gang $2.3 million to regain access to its data following an attack, the Wall Street Journal reports. The incident crippled the company's customer services for weeks.