Coordinated police raids in Germany and Sweden have resulted in the arrest of two Syrian nationals suspected of running a cyber fraud operation that purchased stolen card data to book hundreds of airline and train tickets to help smuggle people from the Middle East into Europe.
The latest edition of the ISMG Security Report features an analysis of a new Government Accountability Office report on the causes of last year's massive Equifax breach. Also: An update on the role of tokenization in protecting payments.
A Romanian court has ruled that the notorious hacker "Guccifer," who discovered the existence of Hillary's Clinton's private email server, will be extradited to the U.S. to serve a 52-month prison sentence after he finishes serving a seven-year sentence in his home country.
Russian national Peter Levashov, who was arrested in Spain last year and extradited to the U.S., has admitted to a two-decade crime spree that included running multiple botnets that harvested online credentials while also pumping out spam, banking Trojans and ransomware.
The issue of access management and vulnerable software applications has come back to haunt the Unique Identification Authority of India which manages the Aadhaar database containing biometrics and personal information of over 1 billion Indians.
The recent case in which Singapore's OCBC bank suffered a few hours of outage because of an apparent lack of proper monitoring could lead to bigger security issues unless the management and security team of the bank take appropriate steps.
The British Airways breach, in which up to 380,000 website and mobile users' payment card details were stolen, traces to card-scraping code injected into a script on the airline's website by the cybercrime group called Magecart, says security firm RiskIQ.
Russian national Andrei Tyurin, who's been accused of hacking into JPMorgan Chase's network in 2014 and stealing personal information on more than 83 million customers, has been extradited to the U.S. He was allegedly part of a group that hacked into brokerages, news firms, a risk intelligence company and others.
British Airways has been threatened with a class-action lawsuit in U.K. court after warning that a hacker stole payment card data associated with 380,000 transactions. A law firm says that under GDPR, the airline should compensate victims for "inconvenience, distress and misuse of their private information."
U.S. prosecutors have accused a 34-year-old North Korean man of involvement in some of the most destructive and profitable cyberattacks ever seen, including the WannaCry ransomware outbreak, the Sony Pictures Entertainment breach and the theft of $81 million from Bangladesh Bank.
To transparently identify legitimate users in digital channels, organizations need strong digital identity risk assessment capabilities that examine each user's digital patterns and can more accurately detect potential bad actors, says IBM's Matt Konwiser.
Organizations should be on guard for attacks involving an apparent variant of Hermes ransomware - dubbed Ryuk - that attempts to encrypt network resources. It has already victimized several global organizations in the U.S. and elsewhere, according to a federal alert, which offers mitigation advice.
The latest edition of the ISMG Security Report features Barbara Simons, co-author of the book "Broken Ballots," discussing why she believes it's a "national disgrace" that some states are relying on computer voting with no provision for recounts. Also: Update on breach lawsuit against Premera Blue Cross.
Canada, which has a head start on the adoption of digital payments, has learned some valuable security lessons that could be beneficial to the U.S., says Gord Jamieson of Visa. He'll be a featured speaker at ISMG's Fraud & Breach Prevention Summit: Toronto, to be held Sept. 11-12.
The new India Post Payments Bank will take banking to the doorstep by using India's mammoth network of post offices. Postmen will perform digital transactions on their phones. That's raising concern among security leaders, who recommend adopting defense-in-depth security.