Ransomware, wire transfer fraud, destructive attacks: In recent months, the financial sector has seen these and other online attacks surge by 238%, as criminals continue to exploit the pandemic, warns Tom Kellermann of VMware Carbon Black, who shares findings from his firm's third "Modern Bank Heists" report.
As more organizations rely more heavily on cloud-based applications as a result of a remote workforce, they must avoid taking identity and access management shortcuts, says James Gosnold of the cloud consultancy CloudKubed, who calls for the addition of another layer of authentication.
Britain is reconsidering whether Huawei's technology will be used its national 5G rollout as a result of increased White House sanctions against the Chinese telecommunications giant, which could result in Huawei having to source semiconductors from less reliable sources.
A bipartisan group of U.S lawmakers is requesting more information from the FBI and CISA about efforts to crack down on hacking groups linked to China's government that are targeting American facilities conducting COVID-19 research.
Two years after it was last seen in February 2018, ZLoader banking malware has resurfaced, with cybercriminals wielding a new version that gets distributed via email campaigns, security firm Proofpoint warns.
Don't forget to lock down online shared code repositories, as Mercedes-Benz parent company Daimler AG learned the hard way after a researcher was able to access nearly 9 GB of software development documentation from a misconfigured GitLab repository.
Two years after it was last seen in February 2018, a new version of the ZLoader banking malware has resurfaced, with cybercriminals distributing the malware through email campaigns, according to security firm Proofpoint.
Last week, a curious data breach occurred: Almost 9 GB of software development documentation from Daimler AG, the parent company of Mercedes-Benz. In an era where software underpins vehicles, the leak could have been worse, but underscored how shared code repositories much be protected.
Britain's privacy watchdog reports it received 19% fewer data breach notifications in the first quarter than in the same period last year. While the decline may be attributed to more organizations better understanding when to report breaches, other countries have seen an increase in breach reports.
The Maze ransomware gang has started releasing payment card data from an attack that happened earlier this year at Banco BCR, which is the state-owned Bank of Costa Rica. The cybercriminal gang is now threatening to release more of customers' financial data each week.
Some fraudsters waging phishing campaigns are using fake websites hosted on Google's Firebase Storage service in an attempt to harvest credentials, according to Trustwave, which notes the phishing emails contain links to the service to make them look more credible.
Hackers tried two methods of exploiting a zero-day vulnerability in Sophos' XG firewall, but Sophos says it made a temporary fix that mitigated the risks. Attackers originally attempted to plant a Trojan, but then switched to ransomware.
Microsoft is warning Windows users about an ongoing "massive" COVID-19-themed phishing campaign that is attempting to install the NetSupport Manager on devices. Attackers can turn NetSupport into a remote access Trojan, or RAT.
As ransomware gangs continue to try and boost their illicit profits, the RagnarLocker ransomware gang has brought a new tactic to bear: installing a full virtual machine on victims' systems to hide their crypto-locking malware while it forcibly encrypts files, warns security firm Sophos.
A recent ransomware attack that targeted a law firm that serves celebrities may have been facilitated by a Pulse Secure VPN server that was not properly patched and mitigated against a well-known vulnerability, some security experts say.
The number of darknet forum ads offering full access to corporate networks jumped almost 70% during the first quarter of 2020, compared to the previous quarter, posing a significant potential risk to corporations and their now remote workforces, according to security firm Positive Technologies.
Bank of America disclosed this week that some customers' data may have been exposed during the uploading of loan applications related to the Paycheck Protection Program - a U.S. government initiative created to provide business loans during the COVID-19 pandemic.
Apple and Google have released new APIs designed to support contact-tracing apps being developed by governments to help combat the COVID-19 pandemic. Already at least three U.S. states and 22 countries have expressed interest in using the APIs to build their apps.
The Security Service of Ukraine this week arrested a hacker known as "Sanix" who allegedly sold combinations of millions of email passwords and usernames on darknet forums.
A recent phishing campaign bypassed multifactor authentication protections within Microsoft Office 365 to steal users' credentials stored in the cloud or launch other attacks, according to the security firm Cofense.
To achieve better network visibility, security practitioners must improve their knowledge of tools that support web services, containers and the evolution of development practices, says Ed Moyle, co-founder of the cybersecurity advisory firm Security Curve.
Australian shipping giant Toll Group recently suffered its second ransomware outbreak of the year, with Thomas Knudsen, the company's managing director, branding the latest attack as being "serious and regrettable." But was it preventable?
Attacks targeting cloud-based data nearly doubled in 2019 as companies shifted more of their valuable information off-premises and misconfigurations and other issues made it more vulnerable, according to the 2020 Verizon Data Breach Investigations Report. Observers expect the trend to continue this year.
Fraudsters are now using numerous spoofed website templates with COVID-19 themes as part of phishing attacks designed to steal login credentials and banking data, according to Proofpoint.
The U.S. Treasury's Financial Crimes Enforcement Network is alerting financial institutions about surging COVID-19 themed scams and other illicit activities, ranging from medical-related fraud involving the sale of fake cures, tests and vaccines to price gouging and hoarding of supplies in shortages.
Business and security leaders accept that a hybrid workforce is the new norm - some staff members based in a central office and many others permanently working at home. But what new cybersecurity demands does this strategy present short-term and into 2021? Our expert panel shares insights.
Although FBI technicians were able to gain access to data in two iPhones belonging to a Saudi national who killed three U.S. sailors at a military base in Pensacola, Florida, the Justice Department continues to criticize Apple's refusal to offer law enforcement a backdoor to its encrypted devices.
European budget airline EasyJet says it suffered a data breach that exposed 9 million customers' personal details. While no passport details were exposed, the company's ongoing investigation has also found that attackers "accessed" a small number - just 2,208 - of customers' payment card details.
U.S. facilities that produce, use or store hazardous chemicals are vulnerable to cyberattacks, in part because cybersecurity guidelines from the Department of Homeland Security are outdated, according to a recent GAO audit.
Cryptocurrency-mining hackers appear to be behind a recent spate of supercomputer and high-performance computing system intrusions. But it's unclear if attackers might also have had data-stealing or espionage intentions.
Covve Visual Network Ltd., a Cyprus-based app developer, acknowledges that it's the owner of 90GB of data - including tens of millions of records - that apparently was left exposed on an open Elasticsearch database. A portion of the data was posted on a darknet forum.
The operators of the REvil ransomware strain are attempting to ratchet up pressure on a New York law firm to pay a $42 million ransom before releasing more data on the firm's roster of celebrity clients. So far, cybercriminals released about 2 GB of legal information related to Lady Gaga.
As COVID-19 rages and technology firms race to develop contact-tracing apps and other digital tools to help contain the spread, congressional Democrats have followed Republicans in introducing privacy legislation aimed at protecting consumer data collected during public health emergencies.
A sophisticated cyber-espionage campaign using spyware called Mandrake has been targeting Android users for at least four years, according to security firm Bitdefender. The malware has the ability steal a range of data, including SMS authentication messages from banks.
ARCHER, a British high-performance computing system for academic and theoretical research, has been offline since May 11, when a "security incident" forced the University of Edinburgh to take down the supercomputer. The security incident also affected supercomputers in other parts of Europe, university officials say.
What if you could not only identify your organization's current security gaps but ALSO understand and communicate the financial risk of potential cyberattacks and the financial gains of proposed security measures?
The answer is clear: you would be able to make decisions that optimize both your company's security and your bottom line with an always on risk assessment solution.
Attend this webinar to discover how you can quantify both risk and mitigation in economic terms to prioritize where to mitigate risk for the greatest impact.
Security experts and law enforcement officials have long argued that paying ransoms doesn't pay. For starters, it directly funds the cybercrime ecosystem and makes it attractive for criminals to keep launching ransomware attacks.
In honor of World Password Day, here's a task for every organization that uses remote desktop protocol: Ensure that all of your organization's internet-facing RDP ports have a password - and that it's complex and unique.
Despite the need to battle COVID-19, several nations' in-development digital contact-tracing apps are already dogged by security and privacy concerns. Whether enough users will ever trust these apps to make them effective remains a major question. Is it too late to get more projects back on track?
Forget "whitelists" and "blacklists" in cybersecurity. So recommends Britain's National Cyber Security Center, in a bid to move beyond the racial connotations inherent to the terminology. Henceforth, NCSC - part of intelligence agency GCHQ - will use the terms "allow list" and "deny list." Will others follow?
Fraudsters have conned Norfund, a private equity investment firm based in Oslo, Norway, out of more than $10 million in what the company calls an "advanced data breach." But the incident bears the hallmarks of a business email compromise scam.
More ransomware-wielding gangs are not just crypto-locking victims' systems, but also stealing and threatening to leak data unless they get their demanded bitcoin ransom payoff. A growing number of security experts believe the strategy is leading more victims to pay.
Australia's Parliament passed a new law on Thursday to deal with a range of legal and privacy concerns arising from its quickly developed contact-tracing app, COVIDSafe. Misusing data and other offenses could garner a five-year prison sentence.
Organizations must carefully re-examine their security procedures to make sure they're adequate for the new work-from-home environment during the COVID-19 crisis, says Shelton Newsham, a British law enforcement official who specializes in cybersecurity. He reviews key questions to ask.