German police have disrupted Wall Street Market and arrested its alleged administrators, who apparently "exit scammed" with $13 million in bitcoins, while U.S. authorities detained two of the site's alleged top narcotics vendors. Separately, Finnish police disrupted Silkkitie, aka Valhalla Marketplace.
The latest edition of the ISMG Security Report describes a discussion among "Five Eyes" intelligence agencies at the recent CyberUK conference. Plus, an update on a Huawei 'backdoor' allegation and new research on managing third-party risk.
WikiLeaks founder Julian Assange returned to court on Thursday and told a British judge that he would not voluntarily accept extradition to the U.S. to face a charge of helping to hack into a Pentagon computer, setting up a legal fight that could take months.
An Australian security researcher who pleaded guilty to several charges related to probing the network of popular car-sharing service GoGet has avoided jail time. Nik Cubrilovic was sentenced to 400 hours of community service and must pay restitution to GoGet.
Every day needs to be password security day - attackers certainly aren't dormant the other 364 days of the year. But as World Password Day rolls around again, there's cause for celebration as Microsoft finally stops recommending periodic password changes.
On Wednesday, a British judge sentenced WikiLeaks founder Julian Assange to 50 weeks in prison for violating the terms of his bail after he sought political asylum in Ecuador's U.K. embassy in 2012. Now he faces possible extradition to the U.S. to face a charge of "conspiracy to commit computer intrusion."
Vodafone is disputing a Bloomberg report that security vulnerabilities and backdoors within Huawei networking equipment could have allowed unauthorized access to its fixed-line carrier network in Italy. The report comes as Huawei continues to face concerns over its engineering practices and government ties.
Cybercriminals have stolen customer data from Citycomp, a German IT company whose clients include Oracle, Volkswagen, Airbus, Ericsson, Toshiba British Telecom and many others. After Citycomp didn't pay a ransom, the hackers posted the data online.
Russian national Anton Bogdanov has been charged with stealing more than $1.5 million from the Internal Revenue Service via a tax return fraud scheme. He was arrested last November while on vacation in Thailand, at U.S. request, and subsequently extradited.
The good news is: The development of new malware exploits has slowed considerably. The bad news is: That's because the old ones still continue to work so effectively. Adam Kujawa of Malwarebytes Labs talks about the evolution of ransomware and other successful exploits.
The Reserve Bank of India is proposing that financial technology firms be allowed to test new products and services that might require the relaxation of certain compliance regulations in what's called a "regulatory sandbox" approach.
To fight against fake news that can influence elections, the government of India should adopt new legislation that creates specific requirements for action by social media companies, says cyber lawyer Karnika Seth.
The latest edition of the ISMG Security Report describes how a Facebook Marketplace glitch created serious privacy issues. Plus: An update on the activities of the FBI's Recovery Asset Team and HSBC whistleblower Everett Stern's preview of keynote address at upcoming ISMG Fraud and Breach Summit in Chicago.
TA505, a sophisticated advanced persistent threat group, is now using legitimately signed certificates to disguise malware that can penetrate banking networks, security researchers warn in a new report.