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...
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.
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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Tracing bitcoin transactions, some security experts suspect multiple gangs have each amassed more than $1 billion, making them the equivalent of "unicorns" - a term venture capitalists apply to extremely successful startup firms. In case there was any doubt, cybercrime really does pay.
European police have arrested a "main target" as part of a previously undisclosed law enforcement effort, dubbed Operation Pleiades, against the distributed denial-of-service attack gang called DD4BC, or "DDoS for Bitcoin."
Adobe is warning Flash users to update their software immediately in the wake of zero-day attacks that can enable attackers to take full control of vulnerable systems. This year, Adobe has patched 316 bugs in Flash. Is it time for the plug-in to die?
The latest strain of Android malware called SlemBunk tries to trick mobile banking application users into sharing their banking, social network and other credentials, as security experts see the number of mobile malware attacks continuing to increase.
In terms of malware, 2015 will go down as the year that ransomware got big, and the organized criminals behind it got bolder. IBM's Limor Kessem discusses what to expect from advanced malware variants in 2016.
The FBI has arrested three men on charges that they participated in a hacking and identity theft scheme designed to fuel spam campaigns, including the insider-enabled theft of account details for 24.5 million Comcast customers.
Two new malware reports - one from security researchers at technology giant Cisco, another from cybersecurity firm FireEye - demonstrate how developers continue to refine malicious code to maximize information-stealing and extortion potential.
A former U.S. State Department employee has pleaded guilty to running a "sextortion" scheme from the U.S. Embassy in London that was designed to compel young women to share sexually explicit photographs, according to the FBI.
Australian police have raided the Sydney home of cryptographer and entrepreneur Craig Wright, who's been named as being the suspected creator of the bitcoin cryptocurrency. Has the real "Satoshi Nakamoto" finally been unmasked?