A cryptocurrency investor is suing AT&T for $240 million, alleging he lost $24 million in virtual currency after the carrier failed to stop two separate attacks where his phone number was commandeered by attackers. The incident highlights the dangers of using a phone number as an authentication channel.
Ransomware has been used against government agencies at the state and federal level throughout 2017. Attacks like WannaCry
which targeted government agencies in May 2017 show the serious implications of when they succeed.
Clearly ransomware is a direct risk for the public sector.
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The FBI warns that cybercriminals are planning a large-scale operation aimed at emptying ATMs, a type of attack that has caused swift and costly losses for financial institutions. The attack may utilize data from a breach of an unknown card issuer, the FBI says.
The bad guys are getting very creative, impersonating an executive in your organization and asking for financial reports or they ask employees in payroll to make changes to bank accounts. According to the FBI, their efforts have earned them an estimated $12 billion through Business Email Compromise also know as CEO...
For those who operate downstream from a business's main security architecture, the effect of bots on the most pernicious types of fraud they face is clear. Employing technology to combat bots should be a vital part of any e-commerce merchant's layered defense against fraud.
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An analysis of the privacy issues Amazon will face as it dives deeper into the healthcare business leads the latest edition of the ISMG Security Report. Also featured: A preview of ISMG's Security Summit in New York Aug. 14-15.
Check Point says it has found three ways to falsify messages in WhatsApp, which it claims could be employed by scammers and used to spread fake news. WhatsApp acknowledges the findings, but it will not engineer patches.
Much of the attention around Chinese hacking is directed toward advanced threat groups suspected to have links to China's government. But a new report shows that the nation's hacking goes far deeper, and there's a thriving scene that has adapted to an internet heavily controlled by the government.
Espionage: Every nation does it. But for nation-state hacking that targets intellectual property or interference in political affairs, the U.S. has been using criminal indictments against individuals as a diplomatic way of saying: "We see what you're doing, now knock it off." But does it work?
The FIN7 cybercrime gang regularly phoned victims, posing as buyers, to trick victims into opening phishing emails and attachments with malware, federal prosecutors allege. The group's success - 15 million stolen payment cards and counting - is one measure of how difficult these types of attacks are to block.
A WannaCry outbreak has hit unpatched Windows 7 systems at Taiwan Semiconductor Manufacturing Co., crippling its factories. The world's largest chipmaker, which traced the infection to a new software tool that it failed to scan for malware before installation, says the outbreak could cost it $170 million.
Bot technology is becoming increasingly sophisticated and bot traffic right now makes up more than 50% of all internet traffic - more than human. It's a complex problem. The difference between bot and human activity is hard to differentiate and we all operate in a system where bots solve many of our business problems....