The founder and operator of Liberty Reserve - a notorious "underworld cyber-banking system" beloved by cybercriminals - has pleaded guilty in Manhattan federal court to laundering $250 million.
Retailers have been at the center of high-profile breaches and an ongoing debate with banking institutions. But Brian Engle of the Retail Cyber Intelligence Sharing Center says cross-industry collaboration is helping retailers improve cybersecurity.
A new methodology for assessing whether a medical device cybersecurity issue is likely to pose a danger to patients should be available later this year, says cybersecurity researcher Billy Rios in this in-depth interview.
As cyber threats grow in diversity and sophistication, AV-based protection offers less and less effective protection for organizations, creating a pressing need to replace existing signature-based endpoint protection software with a more advanced solution.
Download this paper to get a seasoned CISO's perspective...
The U.S. government's intrusion detection and prevention program known as Einstein has limited ability to detect breaches of federal information systems, according to a new Government Accountability Office report.
Financial losses tied to fraud against bank accounts increased about 12 percent from 2012 to 2014, but banks are not to blame. To the contrary, the ABA argues that banks are actually making significant strides in their fraud prevention efforts.
As 2016 begins, financial institutions find themselves at a fateful crossroads. They continue to see the impact of retail payments breaches, such as those that struck Target, Home Depot and other merchants.
This fresh research looks at:
Retail breach impact and emerging payments;
The latest fraud trends...
Global restaurant chain Wendy's is investigating a suspected data breach following fraud patterns tied to credit and debit cards used at some of its locations. Two card issuers confirm that they've seen signs of related fraud in some U.S. regions.
Hackers are turning over big profits by holding data hostage in return for a ransom payment. Ransomware is the fastest-growing type of malware, targeting anyone from mom-and-pop shops to large government entities. Once files are encrypted, hackers are asking victims for payments ranging from $200 to tens of thousands...
New security technologies don't keep fraudsters from stealing money; they just cause them to shift to new methods, says Jodi Selby of Bankers Trust. In this video interview, she offers a case study on how to best respond to evolving fraud schemes.
Israel has reportedly foiled a "severe cyberattack" launched against the Israeli Electricity Authority. The malware attack doesn't appear to have resulted in any disruption to the country's power grid, but many government systems remain offline.
Sophisticated phishing campaigns, increasingly targeted because of social media, are fueling business email compromises - a growing wire fraud scheme that is attacking businesses worldwide, says Jim Hansen of PhishMe.
The Ukrainian energy sector is being targeted by fresh phishing attacks, the country's computer emergency response team warns. But it's not clear who's behind those campaigns, or a recent malware infection at Kiev's main airport.
Because of the U.S. migration to EMV, 2016 is expected to be a watershed year for mobile payment adoption, says Randy Vanderhoof of the EMV Migration Forum. Now, he says, the industry should be more focused on new applications hitting the market than on the number of adopters.
Extortion campaigns waged by cybercriminals are expected to become more damaging in 2016, putting additional pressure on CISOs to enhance protection of internal networks and educate employees about extortionists' techniques, says iSight Partner's John Miller.
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