Police in India have launched a formal investigation of a malware attack on a Cosmos Bank ATM server that enabled attackers to siphon off US$13.4 million. Security experts say the incident raises many questions.
An Australian teenager was such a fan of Apple that he hacked into the technology giant's mainframe, according to media reports. The teen has pleaded guilty to stealing 90 GB of sensitive information. But Apple says no customers' personally identifiable information was exposed.
U.S. President Donald Trump signed a presidential order on Wednesday that revokes a set of Obama-era guidelines for offensive cyber operations, The Wall Street Journal reports. The policy change may satisfy critics who contend the U.S. should be able to move faster, but it raises risks of escalating cyber conflict.
Malware detection needs to shift to detecting anomalous behavior, rather than depending on signature-based detection technologies to deal with such threats as sandbox-evading malware, says Verizon's Ashish Thapar.
A phishing attack on Wednesday fueled by the Necurs botnet targeted at least 2,700 banking institutions of various sizes in the U.S. and around the world, explains Aaron Higbee of Cofense, which detected the attack.
When taking steps to guard against fraudulent transactions through contactless payments, organizations must carefully balance the level of security versus customer convenience, says Sriram Natarajan, COO at Quatrro.
A cryptocurrency investor is suing AT&T for $240 million, alleging he lost $24 million in virtual currency after the carrier failed to stop two separate attacks where his phone number was commandeered by attackers. The incident highlights the dangers of using a phone number as an authentication channel.
The FBI warns that cybercriminals are planning a large-scale operation aimed at emptying ATMs, a type of attack that has caused swift and costly losses for financial institutions. The attack may utilize data from a breach of an unknown card issuer, the FBI says.
Reports of incidents related to fake SMS purportedly from income tax department have surfaced forcing cyber cops as well as CERT-In to issue advisory. This comes at a time when the income tax filing season is on.
Cybercriminals in Brazil have capitalized on older vulnerabilities in D-Link routers for financially motivated phishing attacks. The attackers changed DNS settings to use their own malicious DNS server, allowing for seamless shifts to phishing sites.
Many medical device makers appear to building better cybersecurity into their products, but some manufacturers are still avoiding fixing vulnerabilities in legacy devices that pose potential safety risks, says security researcher Billy Rios, who discusses the latest flaws in some Medtronic cardiac devices.