Digital newbies who began using online services during the COVID-19 pandemic are not very aware of organized crimes such as scams, and this increases the number of fraud incidents, says Charles Subrt, director of the fraud and AML practice at Aite-Novarica Group. He says financial institutions need to create a full...
Meter, a blockchain infrastructure company that provides multi-chain bridging and allows users to trade multiple cryptocurrencies across Ethereum and other public chains, has been exploited for around $4.4 million, the company acknowledged via Twitter. The hack also affected the Moonriver network.
As information security officer at MVB Financial Corp., Cara Coleman says the single biggest cybersecurity threat is just keeping up with the pace of attacks - and understanding the sophistication and trickery of the broad range of attackers. Here's how she tackles the challenge.
The ransomware operation known as Alphv - aka BlackCat - appears to be a reboot of the DarkSide group, which rebranded as BlackMatter following serious encryption and victim-selection mistakes. Amid reports that Alphv has disrupted 17 oil terminals in Western Europe, how long until the next rebrand?
A large-scale cyberattack has disrupted operations at oil terminals in Belgium, Germany and the Netherlands with ransomware affecting fuel distribution, oil storage and transport around the world, including Oiltanking in Germany, SEA-Invest in Belgium and Evos in the Netherlands.
Researchers report that because of increased use of multifactor authentication, attackers are developing phishing kits that steal tokens and bypass this trusted layer of security, enabling them to "man in the middle" a browser session and steal credentials and session cookies in real time.
Eset says it has patched a high-severity privilege escalation bug affecting its clients who use Windows-based systems. The company has released software updates for all affected versions of its product, as well as a workaround, and says no exploits have been reported.
U.S. lawmakers have introduced a bill that would bring "new transparency and oversight of software, algorithms and other automated systems" making "critical decisions" for American life. The bill - an updated version of a 2019 proposal - would also combat bias in the use of such technologies, its sponsors say.
ThycoticCentrify renames itself Delinea to grow as a "seamless" security solution. Other acquisitions focus on providing tools to developers to better secure applications and software, boost healthcare device security, fight against chargeback fraud and bring smaller organizations into compliance.
Some of the biggest cybercrime-focused darknet markets selling stolen payment card data, passwords, malware and more have retired in the past year, with administrators oftentimes boasting it's because they've gotten rich. As they exit, other players remain ready to grab their market share, experts say.
Multinational media company News Corp was the target of a cyberattack that exposed emails and employee documents - including those belonging to journalists, the company confirmed on Friday. To investigate, News Corp has hired cybersecurity firm Mandiant, which says the attack has a "China nexus."
Four ISMG editors discuss important cybersecurity issues, including misconceptions around Zero Trust implementation, lessons learned from the crippling NotPetya malware attack of 2017 that nearly sank logistics giant Maersk and how a Russian cyberwar in Ukraine could move beyond its borders.
The latest edition of the ISMG Security Report features an analysis of how Russia's escalation in Ukraine is raising cyber defense alarms. It also describes how a Dark Overlord collaborator received a three-year prison sentence and shares tips for Zero Trust implementation.
A New York federal court has recommended the dismissal of a class action lawsuit filed against medical practice management vendor Practicefirst in the aftermath of a 2020 ransomware attack that involved data exfiltration and affected the personal and health information of 1.2 million individuals.
Pharmaceutical giant Pfizer alleges in a federal lawsuit that two former executives stole documents containing trade secrets about diabetes, obesity and cancer treatments under development by the drugmaker to benefit two new biotech startups they had launched.
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