Bangladesh Bank has opted to not extend a contract with the incident response team that it hired to investigate the theft of $81 million via fraudulent SWIFT messages. Meanwhile, similar hack attack tactics have apparently been used to steal $10 million from an unnamed bank in Ukraine.
In this edition of the ISMG Security Report, you'll hear reports on the U.S. government nabbing healthcare fraudsters; federal agencies at risk of exposing highly sensitive data; and the hacking of brokerage accounts.
A Senate bill proposes removing Social Security numbers of U.S. veterans from all Department of Veterans Affairs' information systems within the next five years to help reduce identity theft and fraud. How difficult would it be to make the change?
The U.S. Securities and Exchange Commission has obtained an emergency court order to freeze the assets of U.K. citizen Idris Dayo Mustapha, who it accuses of hacking into individuals' brokerage accounts to engineer and profit from stock price fluctuations.
In what's being dubbed as the largest coordinated takedown to date, federal authorities have arrested 301 individuals for participating in Medicare and Medicaid fraud schemes involving $900 million in false billings.
Following the SWIFT-focused hack attacks, a U.S. government watchdog agency is auditing the Federal Reserve's effectiveness when it comes to ensuring that U.S. banks have robust information security and data breach prevention programs in place.
In this edition of the ISMG Security Report, you'll hear our editors explore how hackers use Java script for ransomware, the latest digital currency security issue and privacy threats posed by virtual reality.
As the PCI Security Standards Council celebrates its 10th anniversary, Troy Leach, the council's chief technology offer, offers his assessment of how its Payment Card Industry Data Security Standard could evolve in the next 10 years.
The FBI is warning U.S. businesses to beware of business email compromise scams focused not just on creating fraudulent wire transfers, but also stealing personally identifiable information. Experts, however, are criticizing the FBI's alert as being too little, too late.
Russia's arrest of 50 suspected hackers earlier this month seems to have spooked the developers of the Angler exploit kit, an attack tool responsible for spreading ransomware and malware. But is Angler gone for good, or simply retrenching?
As we prepare to mark the tenth anniversary of the PCI Security Standards Council, it's time to assess the impact PCI-DSS has had on payments security and consider whether it will remain a viable standard 10 years from now. A series of upcoming reports will address these topics.
Yet another organization has acknowledged it opted to pay cyberattackers after its systems were infected with ransomware, the file-encrypting malware that has become one of the most dreaded menaces across the internet.
Researchers at RiskAnalytics have watched a botnet of compromised computers in the Ukraine and Russia become a growing hive of criminal activity, playing a role in everything from ransomware and click fraud to spam bots and stolen payment card marketplaces.
Cybercrime alert: In March, 93 percent of all phishing emails studied contained ransomware designed to forcibly encrypt PCs, says PhishMe chief operating officer Jim Hansen. In an interview, he offers insights on how to respond.