An attack spoofed internet routing information, resulting in anyone who visited MyEtherWallet.com - a free, open source web app for storing and sending ether-based tokens - instead being routed to an attacker-controlled site, leading to an estimated $320,000 in losses.
The city of Atlanta's ransomware outbreak cleanup and response tab has hit $2.6 million after a March attack froze corporate servers, employees' PCs and resident-facing portals. Some security experts say the breach response funds would have been put to better use preventing the outbreak in the first place.
Attackers rarely bother with technical sophistication when easy social engineering schemes, such as "hacking" a victim's social network and using it against them, can give them what they want, says Markus Jakobsson, chief scientist at the cybersecurity firm Agari.
Corporate espionage appears to be the motive behind cyberattacks targeting a variety of medical-related equipment and systems, researcher Jon DiMaggio of Symantec says in an in-depth interview about the activities of a hacker group the company has dubbed "Orangeworm."
Great news: "SunTrust to offer free identity protection ... at no cost on an ongoing basis." Of course, nothing comes for free, at least for 1.5 million customers of the Atlanta bank, whose personal details may have been sold to criminals by a former employee.
British teenager Kane Gamble has been sentenced to serve two years in a youth detention center after he admitted to targeting U.S. officials - including hacking former CIA Director John Brennan's personal AOL email account - as well as dumping personal details for 20,000 FBI employees.
It's not just that threat actors are multiplying - it's that they have evolved to unleash a fifth generation of cyberattacks, says Peter Alexander of Check Point Software Technologies. And most enterprises are ill prepared to detect or respond to these attacks.
Incident response is a critical pillar of an effective endpoint security program, one that will gain importance as GDPR enforcement comes into play on May 25. Organizations must be ready to react if and when an incident occurs in order to meet the stringent requirements that apply during an incident.
Thirty-four companies have signed on to the Microsoft-led Cybersecurity Tech Accord, which is aimed at protecting civilians from cybercriminal and state-sponsored attacks. The agreement crucially includes a pledge not to help governments with cyberattacks
Stung by signs of Russian influencing of the 2016 presidential election, the FBI is working with social media companies to bolster cybersecurity in advance of the 2018 mid-term election. Elvis Chan of the FBI describes these efforts.
Rob Rendell spent more than a decade in financial services. Now he has joined IBM Trusteer to help financial institutions fight fraud. How will his experience help his customers get their arms around the total cost of fraud?
Department of Homeland Security Secretary Kirstjen M. Nielsen warns that the U.S. will more aggressively move to punish those who conduct cyberattacks. Plus, the department plans to soon unveil a new cybersecurity strategy. Complacency, she says, "is being replaced by consequences."