Buoyed by massive illicit profits, cybercriminals have continued to refine their ransomware attacks, including updating their crypto techniques to foil decryption tools, encrypting file names and threatening to leak stolen secrets.
The FFIEC has issued an alert calling on financial institutions to take specific risk mitigation steps in light of an increase in the frequency and severity of cyberattacks involving extortion. Fraud experts applaud the move while offering additional recommendations.
The quantity and duration of distributed denial-of-service attacks continue to increase. The latest attacks are being launched via MySQL servers infected with Chikdos malware, as well as compromised Internet-connected CCTV systems, researchers say.
As more banks and government agencies stop providing free BlackBerries to employees, the beleaguered smartphone manufacturer is attempting to reboot with the launch of its first Android smartphone, dubbed Priv for privacy.
A quiet life in retirement? Not for Art Coviello, former executive chairman of RSA. He's just joined the boards of two new security ventures, Bugcrowd and Cylance, and he's got big ideas for how to influence the 2016 cybersecurity agenda.
LifeLock says it has reached a tentative agreement on a settlement with the FTC regarding alleged information security shortcomings and other issues. It says it's also reached agreement on a proposed settlement of a related consumer class action lawsuit. The stock market reacted favorably to the announcements.
While sophisticated cyberattacks and high-profile mega-breaches get most of the attention, European fraud experts say less sophisticated attacks are far more common and pose a greater fraud risk. At ISMG's Fraud Summit in London, they called for global collaboration to fight fraud.
HP has agreed to sell its intrusion detection and prevention software unit TippingPoint to security vendor Trend Micro for $300 million. But analysts say Trend Micro faces stiff breach detection and incident response competition.
Someone green-light this drama: Sony, after suffering a massive data breach that led to the leak of personal information and embarrassing corporate emails, has agreed to a data-breach settlement worth up to $8 million.
Bob Carr, CEO of Heartland Payment Systems, contends that not enough progress has been made in improving payments security in the seven years since the processor experienced a massive breach. Find out why he argues that retailers and processors still have much more to do.
European criminals combined cannibalized EMV chips from stolen cards with miniature microprocessors to build fake payment cards that defeated POS security checks, enabling them to steal as much as $680,000, French researchers say.
The size of the information security analyst workforce in the United States rose by nearly 20 percent in the past year, according to an Information Security Media Group analysis of U.S. Bureau of Labor Statistics data.
Attributing cybercrime to specific criminals is becoming increasingly critical, says Eward Driehuis of threat intelligence firm Fox-IT. Using the elusive Dridex campaign as an example, Driehuis explains in this video interview how many malware attacks are interconnected.