The FBI says reported losses due to internet crime last year totaled $1.3 billion, based on nearly 300,000 complaints logged with its Internet Complaint Center. It warns that CEO fraud, ransomware, tech-support fraud and extortion are becoming increasingly prevalent.
In an in-depth interview, Guru Bhat, head of engineering at PayPal, describes how the online payments provider has used a mix of sophisticated automation, including machine learning, and human insight to maintain a fraud loss rate of just 0.32 percent.
The back story behind the ransom attack that led to the unauthorized early release of the Netflix series "Orange Is the New Black" is a cautionary tale in dealing with cyber extortionists such as The Dark Overlord.
The long-running data security dispute between cancer testing laboratory LabMD and the Federal Trade Commission is now in the hands of a panel of appellate court judges, who heard oral arguments this week. Experts weigh in on the significance of the case.
Good news: Exploits kits are in decline, thanks to concerted efforts to disrupt their efficacy. Unfortunately, criminals are diversifying their attacks, focusing more on social engineering - including tech-support scams - and malicious spam campaigns.
Microsoft has sought to get in front of a brewing controversy over whether it unfairly disables third-party anti-virus products in Windows 10. The company is seeking to dampen charges that are reminiscent of its years-long legal tangles with global antitrust regulators.
Hackers can breach air-gapped voting machines and tallying systems in an attempt to alter ballots to sway the outcome of an election, a Senate panel has learned. Also, at the hearing, DHS discloses that Russian hackers targeted 21 state election systems before the 2016 election.
The European Parliament and European Commission are pushing for mandatory end-to-end encrypted communications, and banning backdoors, as part of the EU's rebooted e-privacy regulation. But the move runs counter to anti-crypto rhetoric being spouted by government ministers in Britain and France.
A settlement between the state of New York and a company that provides support services to the healthcare sector serves as a reminder about timely breach notification, including in circumstances when law enforcement agencies are investigating an incident.
One month after the SMB-targeting WannaCry worm outbreak began spreading globally, Honda discovered fresh infections at multiple facilities, and was forced to temporarily idle one plant as a result of the ransomware.
South Korean web hosting firm Nayana has agreed to pay attackers a record-shattering $1 million to unlock 153 Linux servers crypto-locked by ransomware. Security researchers say the infection was likely exacerbated by the company running ancient versions of the Linux kernel, as well as Apache and PHP.
Concerns over Russian hacking of state election systems are mounting. In New York, Gov. Andrew Cuomo has ordered a review of security efforts related to state elections. On Capitol Hill, Sen. Mark Warner wants DHS to release additional details relating to cyberattacks targeting state election systems.
A data analytics firm aligned with the Republican Party says it accepts "full responsibility" after it exposed online a list that includes virtually all U.S. voter registration records along with extensive research that attempts to guess people's political views.
Organizations can take steps in advance to help ensure that forensic investigations into data breaches and cyberattacks are successful, says security expert John "Drew" Hamilton, a professor at Mississippi State University.