Losses to fraud reported by Britain's financial services sector exceeded $1.5 billion in 2022, declining by 8% from 2021, says trade association UK Finance. About 40% of losses tied to authorized push payment fraud, in which victims get tricked into transferring funds to attackers.
Online sports retailer Sports Warehouse has agreed overhaul its security program and pay a $300,000 fine to New York State after hackers stole 20 years' worth of payment card data and customer information the company was storing in plaintext on its e-commerce server.
The U.S. government sanctioned four entities and one individual involved in helping to funnel payments from malicious activities to support the Democratic People's Republic of Korea government's illicit activities such as unlawful weapons of mass destruction and ballistic missile programs.
The BlueNoroff hacker group, which is associated with the North Korean military's Reconnaissance General Bureau, is using RustBucket malware to target macOS systems of users primarily in the United States and Asia - a tactic observed for the first time since the group began its operations.
Yigal Unna, former DG, National Cyber Directorate, Israel, emphasized the importance of continued collaboration between defenders and the formation of a Global Cyber Cabinet consisting of more than 20 national CISOs from leading countries working to dismantle cybercrime syndicates.
In the latest weekly update, Venable's Grant Schneider joins ISMG editors to discuss takeaways from the RSA Conference 2023, the state of software supply chain security post-SolarWinds, safeguards to prevent unintended adverse impacts of AI, and whether AI could be used to write and digest SBOMs.
White House cybersecurity priorities: The Biden administration continues to have a "relentless focus" on improving critical infrastructure security, disrupting ransomware and combating the illicit use of cryptocurrency, said Deputy National Security Adviser Anne Neuberger.
Pre-RSA social media gaming predicted it. Many predicted they would loath it. And it happened: Discussions at this year's RSA conference again and again came back to generative artificial intelligence - but with a twist. Even some of the skeptics professed their conversion to the temple of AI.
Changes to FedRAMP regulations will have a major impact on cloud services providers, compliance and cybersecurity controls, said Tony Bai, director, federal practice lead, at A-LIGN. Bai offers insight on navigating the U.S government authorization requirements as well as the StateRAMP program.
Every organization has a role in securing the nation and economy. Enterprises should invest in the right controls, partner with public agencies and prioritize security at the board level, advised Eric Goldstein, executive assistant director for cybersecurity of CISA.
Cyber threat intelligence (CTI) has been widely acknowledged as an essential component of cyber risk management and cyber defence programs. Numerous organizations rely on open-source and commercial threat feeds to improve incident response and threat hunting operations, and inform resource allocation. Yet, the value...
ISMG editors are live at RSA Conference 2023 in San Francisco with an overview of opening-day speakers and hot topics including the emergence of AI, the latest intel on nation-state threats, security product innovation and deals, and ransomware trends. Join us for daily updates from RSA.
The dark web is an ideal platform for planning dangerous crimes, which is why India's state of Kerala has coordinated cybersecurity experts and law enforcement officials, said Manoj Abraham, additional director general of police for the Government of Kerala.
What is the role of payment intermediaries when fraud takes place? How much are they working with banks to reduce risks from payment fraud? Anuj Bhansali, head of trust and safety at PhonePe, discusses the payment fraud landscape in India and steps to reduce authorized push payment fraud.
Over a five-year span, reported BEC incidents cost global enterprises more than $43 billion in losses. This trend has the attention of the U.S. Secret Service. Agents Kevin Cooke and Abigail Tyrrell discuss why law enforcement partnerships and speed of response are more critical than ever.