The Department of Labor is offering $240 million in grants to states to help fight against unemployment benefits fraud. Eva Velasquez, CEO at the Identity Theft Resource Center, offers insights on making the most of this investment with a multilayered security approach.
Despite these financial headwinds, new ways are emerging for FIs to differentiate on the quality of fraud prevention and outreach they can provide to customers.
Mastercard says that starting in 2024, banks and other institutions that issue its credit and debit cards will no longer need to include a magnetic stripe on the back, and that by 2033, m
agnetic stripes will be extinct. Given magnetic stripes' many security downsides, what's taken so long?
The Cybersecurity and Infrastructure Security Agency is warning organizations to immediately patch the ProxyShell vulnerabilities in Microsoft Exchange email servers because security researchers say ransomware gangs are exploiting these flaws.
The U.S. and Singapore have announced three agreements to expand their collaborative efforts - including shoring up information sharing, research and training - to address global cybersecurity issues.
Two large healthcare organizations - Memorial Health System in Ohio and University Medical Center of Southern Nevada - continue to mop up after recent cyberattacks apparently involving ransomware. The Ohio organization admits negotiating "a settlement" with attackers to obtain a decryptor.
Australia's data regulator says organizations hit by ransomware may be underreporting data breaches because they haven't thoroughly figured out if data was taken. But an "absence of evidence" of a data breach in a ransomware attack isn't sufficient to declare that no data was taken.
To protect manufacturing operations and data, there are some important cybersecurity gaps to address. Cybersecurity company Lookout explains how to close the five most common security gaps in manufacturing, which are created as a result of digital transformation.
Security firm Cloudflare says it detected and mitigated a 17.2 million request-per-second distributed denial-of-service attack, almost three times larger than any previously reported HTTP DDoS attack.
John "Chris" Inglis says one of his first priorities as national cyber director within the White House is focusing on issues of cyber resiliency. Battling ransomware and coordinating government responses with the private sector are also top issues he's tackling.
The Aggah APT group, believed to be of Pakistani origin, apparently was behind a recent spear-phishing campaign targeting manufacturing firms in Taiwan and South Korea, according to the Anomali Threat Research Team.
As ransomware-as-a-service operations continue to compete for affiliates, the operators behind LockBit have unveiled a new version of their crypto-locking malware boasting fresh features, some borrowed from rivals. Separately, a relatively unsophisticated newcomer called Hive has debuted.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including the evolution of fraud trends and the challenges in implementing the "zero trust" framework in the OT environment.
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