International law enforcement agencies are warning banking institutions and businesses about extortion attacks being waged by an entity known as DD4BC, or DDoS for Bitcoin. They're advising organizations not pay any ransom and to notify their ISPs and law enforcement officials of any threats.
Lizard Squad, which markets the Lizard Stresser distributed denial-of-service attack tool, appears to have targeted the public-facing website of the U.K.'s National Crime Agency in retaliation for its recent DDoS-tool crackdown.
When it comes to healthcare payments, fraud tends to come in two flavors: Organized and opportunistic. What are the biggest gaps in detecting and preventing these schemes? IBM's Robert McGinley shares insight.
If malware infections and data breaches are inevitable, then why should organizations even try to be proactive? Isn't a reactive stance more appropriate? Not so, says Marcin Kleczynski, CEO of Malwarebytes.
The FBI estimates fraud losses linked to so-called business email compromise scams worldwide have exceeded $1.2 billion in less than a year. But some financial fraud experts say the losses from this largely overlooked threat could be even higher.
Underground cybercrime forums continue to evolve, offering services ranging from cybercrime toolkits and money laundering to bulletproof hosting and a service that reviews exfiltrated data for corporate secrets, says cybersecurity analyst Tom Kellermann of Trend Micro.
The departure of Noel Biderman as CEO of Avid Life Media, parent company of the infidelity website Ashley Madison, represents a growing recognition of corporate executives' responsibility for data security.
CISOs who want to keep more cyber-attacks from succeeding should focus on decreasing the half-life of vulnerabilities, which refers to the amount of time it takes half of all systems affected by a vulnerability to get patched. That's the advice from Qualys' Wolfgang Kandek.
Is a hackable car defective? The auto industry likens hack attacks to troublemaking. But legislators and regulators are taking a closer look at connected cars and the safety risks posed by software bugs.
An appellate court has upheld the Federal Trade Commission's authority to play a key regulatory role in cybersecurity as it relates to the protection of consumer data against breaches. Legal experts evaluate the long-term implications.
Breached dating site Ashley Madison is offering a $500,000 reward for information relating to the attack. The FBI, which is leading the investigation, is treating the breach as a national-security matter.
The Ashley Madison hackers have released a third data dump, and security experts warn that spam campaigns and extortion attacks now target supposed users of the dating site, sometimes demanding bitcoins - or else.
To help mitigate the risk that blackmail and extortion campaigns might target employees, employers' security teams must regularly review post-breach data dumps as well ramp up enforcement of their corporate security policies, says Stephen Coty of Alert Logic.