Artificial intelligence and machine learning offer the best hope for addressing the risks posed by synthetic identities, says Justin Davis, fraud manager at Digital Federal Credit Union.
Plaintiffs in the patent infringement case Centripetal Networks v. Cisco Networks won the day thanks to clear testimony and using Cisco's own technical documents in unaltered form. By contrast, the judge slammed Cisco for offering disagreeing witnesses and attempting to focus on old, irrelevant technology.
The latest edition of the ISMG Security Report analyzes why clothing retailer H&M was hit with a hefty fine for violating the EU's General Data Protection Rule. Also featured: The coming of age of digital identities; deputy CSO at Mastercard on top priorities for 2021.
Ransomware has emerged as the No. 1 online threat targeting public and private organizations this year. Seeking maximum returns, more gangs have moved beyond opportunistic attacks to target organizations with "post-intrusion ransomware." Meanwhile, many victims fail to report such crimes to police.
Yevgeniy Nikulin, a Russian national who was found guilty of hacking LinkedIn and Dropbox and stealing millions of user credentials, has been sentenced to more than seven years in federal prison.
Australian police say they've broken up a sophisticated SMS phishing scheme designed to collect personal details and bank login credentials. It's a rare success in the fight against unsolicited text messages.
Empire is the latest darknet market to "exit scam," meaning administrators ran away with users' cryptocurrency, leaving the market to fail. Given the ongoing risk of exit scams, as well as police often targeting such markets, why do they persist?
President Donald Trump says TikTok and Oracle are close to making a deal. Don't neglect to read the fine print. While the president has demanded TikTok divest its U.S. operations - preferably to Oracle - because of national security concerns, the Chinese firm is instead offering Oracle a minority stake.
Fighting payment fraud requires protecting far more than just payment data, says Sujay Vasudevan, vice president of cyber and intelligence solutions at Mastercard, who describe key steps.
A bipartisan bill looks to take some initial steps toward creating nationwide digital identity standards that can address a range of security issues, including theft and fraud stemming from data breaches. The legislation is backed by the Better Identity Coalition.
A Russian national who is allegedly part of an ongoing disinformation campaign targeting the upcoming U.S. election faces a charge of conspiracy to commit wire fraud, according to the U.S. Justice Department.
With apologies to Jay-Z, getting hit with ransomware might make victims feel like they have 99 problems, even if a decryptor ain't one. That's because ransomware-wielding gangs continue to find innovative new ways to extort cryptocurrency from crypto-locking malware victims.
Evilnum, a hacking group that targets fintech firms mainly in the U.K. and Europe, is deploying a new remote access Trojan, according to Cybereason. The group is targeting "know your customer" procedures to start these attacks.
Blackbaud is one of a growing number of organizations that say they paid ransomware attackers primarily for their promise to delete exfiltrated data. A class action lawsuit filed against the software vendor in the wake of its breach notification questions whether attackers' promises have any merit.
About 54,000 Australian driver's licenses were exposed in an open Amazon Simple Storage Service bucket, according to a security researcher. It remains unclear what entity or agency exposed the data and whether those affected will be notified.
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