Hackers were using a Facebook page as a how-to site for financial crime and to sell banking Trojans. One RSA security expert says this public promotion signifies the mainstreaming of "fraud-as-a-service."
A 143-point drop in the Dow Jones Industrial Average proves the power of social media and the havoc it can cause when an account gets hacked. It's time for social media companies to tighten the authentication process.
Attacks against Facebook, Twitter and other organizations over the past few months should send a message to business owners that they need to better fund cybersecurity, IT security expert Mischel Kwon says.
Even the brightest technologists aren't immune from cyber-attacks. Just ask Facebook. The social-media company says it fell victim to a sophisticated attack in which an exploit allowed malware to be installed on employees' laptops.
The FFIEC has issued proposed risk management guidance for the use of social media. Find out about the key recommendations, and why experts say the guidance could prove valuable to banking institutions.
Cyber spies in China are suspected of launching an attack against a NATO senior military commander, U.S. Admiral James Stavridis, using a Facebook scam to gather information about Stavridis from his friends and colleagues, according to U.K. newspaper reports.