Police in the United Kingdom have arrested six suspects as part of a money laundering investigation tied to the February 2019 theft of $14 million from one of Malta's largest banks. Officials say malware-wielding attackers moved money to accounts in the U.S., U.K., Czech Republic and Hong Kong.
A federal judge has ruled that an insurer providing a "business owner's insurance policy" to a company that sustained a ransomware attack and was forced to replace most of its IT infrastructure must pay for the damages the security incident caused.
The latest edition of the ISMG Security Report discusses the ramifications of the U.K's decision to allow limited use of Huawei's equipment in 5G networks. Plus: Updates on Wawa's stolen card data offered for sale and nascent security threats from social networks and drones.
Will Britain's Huawei decision serve as a blueprint for other nations' 5G infrastructure rollouts? High-risk vendors, including Huawei, won't be allowed anywhere near that nation's most sensitive networks, British officials say. But the risks go beyond the threat of espionage.
Conferencing service provider Zoom has fixed a vulnerability that - under certain conditions - could have allowed an uninvited third party to guess a meeting ID and join a conference call. The exploitation of the flaw revolves around guessing IDs for meetings that aren't password-protected.
The U.S. Department of the Interior this week announced that it has temporarily grounded all drone operations, except for emergencies, citing concerns over national security and cybersecurity. The agency is joining the U.S. Army and Navy in raising concerns about unmanned aircraft made in China.
The United Nations did not reveal hacks last year that compromised dozens of servers and domains and may have exposed sensitive data, including information related to human rights abuses, according to The New Humanitarian news agency.
A long-running marketplace for selling stolen payment card data claims it has 30 million stolen payment cards that experts believe are linked to the breach at Wawa convenience stores late last year. The breach is one of the largest ever involving card-related data.
Trend Micro researchers created a phony "smart factory" that lured attackers, demonstrating how they are increasingly focusing on industrial control systems and have become adept at planting malware within vulnerable infrastructure.
A New York Times reporter apparently was targeted with spyware developed by the NSO Group as part of a campaign that may be linked to a Saudi Arabia group, which has previously been accused of hacking attempts against dissidents, journalists and human rights lawyers, according to the think tank Citizen Lab.
The United Kingdom will allow "limited" use of equipment from China's Huawei for the nation's emerging 5G networks. After the Tuesday announcement, the White House and some U.S. lawmakers again expressed concerns about the global security threat posed by the use of the Chinese firm's gear.
Bad news on the ransomware front: Victims that choose to pay attackers' ransom demands - in return for the promise of a decryption tool - last quarter paid an average of $84,116, according to Coveware. But gangs wielding Ryuk and Sodinokibi - aka REvil - often demanded much more.