The online heist of $81 million from Bangladesh Bank involved custom malware that hacked the database used by the bank's SWIFT software, allowing attackers to transfer money and hide their tracks, according to BAE Systems Applied Intelligence. SWIFT will issue software updates and security guidance to all customers.
Prosecutors have expanded a complex case, involving an alleged pump-and-dump stock scheme, hacking into U.S. banks and operating an unlicensed bitcoin exchange, to include money-laundering charges related to processing bitcoin ransoms paid by ransomware victims.
A previously unknown cybercrime group has hacked into numerous organizations in the retail and hospitality sectors to steal an estimated 20 million payment cards, collectively worth an estimated $400 million via underground cybercrime forum sales, FireEye reports.
For the second time in two years, federal regulators have slapped New York Presbyterian Hospital with a multi-million dollar penalty as part of a HIPAA settlement. The latest incident involved filming of patients without their permission.
Two of the hacker masterminds behind the notorious SpyEye malware have each received lengthy prison sentences after pleading guilty to related charges in U.S. federal court. But alleged Zeus creator and accomplice Evginy Bogachev remains at large.
A North Carolina orthopedic clinic will pay a $750,000 penalty as part of a breach-related federal settlement involving the release of 17,300 X-ray films containing patient information to a vendor without having a business associate agreement in place, as required under HIPAA.
Does a federal appellate court's decision allowing a breach-related class-action lawsuit against restaurant chain P.F Chang's to move forward - and a similar, earlier decision in a case against Neiman Marcus - signal a change in tide for post-breach lawsuits? Legal experts offer widely varying opinions.
A former pharmaceutical company manager faces sentencing in July after pleading guilty to criminal HIPAA violations for his part in a complex fraud scheme involving drug maker Warner Chilcott. Why are criminal HIPAA cases so rare?
A jury's decision to award $940 million in damages to electronic health records software vendor Epic Systems, which had sued India's Tata Consultancy Services alleging theft of trade secrets, serves up lessons about the importance of restricting access to all sensitive data, including intellectual property.
Attackers have been exploiting JBoss application servers to install remote-control web shells as part of a campaign that targets enterprises with network-hopping SamSam (a.k.a. Samas) ransomware, researchers at Cisco Talos warn.
A cybercrime gang has been using new malware to target business customers of banks in the United States and Canada and steal millions of dollars, primarily from business accounts, researchers at the IBM X-Force security group warn.
Russian authorities have reportedly sentenced Dmitry "Paunch" Fedotov, the developer of the notorious Blackhole exploit kit that's been linked to large amounts of fraud, to seven years in prison - an unusually severe sentence for online crime in that nation.
A data security incident at the American College of Cardiology, which potentially affected nearly 98,000 patients at 1,400 medical institutions, points to the need to refrain from using real patient data in test environments as well as the importance of properly securing those environments.