Attackers have targeted a patched vulnerability to exploit more than 209,000 carrier-grade routers made by Latvian manufacturer MicroTik and infect them with two types of malware - Coinhive and Crypto-Loot - designed to mine for cryptocurrency, security researchers say.
One measure of why it's so difficult for organizations to keep their software patched and better secured: Of the nearly 20,000 unique vulnerabilities in 2,000 products cataloged last year, only half involved Microsoft, Adobe, Java, Chrome or Firefox software, says Flexera's Alejandro Lavie.
Reddit suffered a data breach in June after attackers managed to bypass its SMS-based two-factor authentication system. User data from 2007 and before was compromised. Security experts say the breach should serve as a reminder that using any two-factor authentication is better than none.
Facebook has suspended eight pages and 24 accounts for "coordinated inauthentic behavior" tied to apparent political influence campaigns ahead of an event in Washington. While Facebook declined to attribute the activities to specific individuals or groups, U.S. lawmakers are blaming the Kremlin.
Facebook says it has shut down 32 pages and accounts that it claims were "engaged in coordinated inauthentic behavior" apparently designed to influence U.S. politics. But the social network stopped short of attributing the "bad actors" to Russia.
Social media platforms have emerged as the world's most popular forms of communication. They also have become popular platforms for committing fraud. David Pollino of Bank of the West outlines what institutions should do to secure their social media presence.
Recognizing that social media create fertile grounds for fraud, the American Bankers Association now shares advice for how institutions can use these channels in ways that are compliant, smart and risk-savvy. The ABA's Denyette DePierro offers some tips.
Data science is playing a fundamental role in a more dynamic approach to cybersecurity, says Jim Routh, CISO of Aetna, who stresses the importance of applying machine learning to front-line data security controls. Routh will be a featured speaker at the ISMG Security Summit in New York Aug. 14-15.
A move to a "more autonomous" security operations center is helping Encompass Health cope with a shortage of skilled cybersecurity workers while improving its response to cyber threats, says Mitch Thomas, chief security officer.
A family care clinic in Missouri says those investigating and mitigating a recent ransomware attack discovered that its systems were "loaded with a variety of malware programs." Experts say such post-breach discoveries are common.
This edition of the ISMG Security Report features Elvis Chan, a supervisory special agent at the FBI, discussing ongoing efforts to thwart Russian interference in the U.S. midterm election this fall, and Alberto Yepez of ForgePoint Capital addressing cryptocurrency security issues.
Facebook has promised to bring machine learning to bear on the problem of hate speech and information warfare via its platform. But insiders have been urging the company to pursue a major cultural change, including prioritizing not doing anything "creepy" over the quest for short-term gain.