Jon Montroll, the former operator of a bitcoin exchange that was hacked, leading to the theft of 6,000 bitcoins, has pleaded guilty to charges that he obstructed federal investigators and deceived investors by attempting to cover up the losses.
Hacker attacks are still dominating the data breaches added to the official federal tally so far this year. But compared to the mega-breaches of past years, this year's biggest hacks have been relatively small. Some security experts offer theories for why that's the case.
A Greek court has ruled that Russian national Alexander Vinnik will be sent to France to face cybercrime charges. The U.S. has accused Vinnik of laundering $4 billion in bitcoins via the BTC-e exchange, which it said also handled stolen Mt. Gox and Silk Road bitcoins.
Cyberattacks and damages due to email breaches dramatically increased again this past year. The FBI estimates $5 billion in losses worldwide as email continues to be a primary attack vector for the initial compromise, with business email compromise accounting for $676 million in losses alone in 2017.
Attackers have stolen $23.5 million in cryptocurrency from Bancor, which is developing a decentralized exchange. The cause of the hack may have been a failure by Bancor to protect authentication keys that allowed for changes in its token smart contracts.
Aaron Sherman, who recently made the transition from serving as an FBI agent investigating cybercrime and nation-state threats to working at Braintrace on ways to improve detection and response efforts, shares insights on the career change.
It's a fair question: Can you trust the fraud advice you're given from a former fraudster? Especially one who's betrayed law enforcement before? Brett Johnson says he's abandoned crime for good, and he shares insight on the types of fraud schemes he once practiced.
The U.K. has approved a plan to build a cutting-edge court complex in London designed to handle cybercrime, fraud and economic crime. The facility is expected to be a growth driver for the country's legal industry, despite the U.K.'s pending withdrawal from the European Union.
Ransomware alone cost organizations an estimated $1 billion in 2016, up from $24 million in 2015 and there is no end in sight for 2017! Ransomware, business email compromise, and spearphishing are serious problems that can steal your data, intercept funds, and disable access to your organization's network.
As a security leader, you're faced with a tough choice. Even as you increase your budget for sophisticated security software, your exposure to cybercrime keeps going up! IT security seems to be a race between effective technology and clever attack methods. However, there's an often overlooked security layer that can...
The recent escalating ransomware attacks have shown that no organization is safe and the effects of those attacks can be devastating. By many reports, ransomware has been already responsible for causing hundreds of millions of dollars in damages, with no end in sight.
Find out how you can help to combat these attacks...
Ransomware is vicious malware that locks users out of their devices or blocks access to files until a sum of money or ransom is paid. Attacks cause downtime, data loss, possible intellectual property theft, and in certain industries an attack is considered a data breach. Phishing emails, compromised websites and free...
To have any hope of keeping up "with the exponential rise in variants in malware," organizations must reduce their attack surface, in part by using technology designed to learn what attacks look like and respond as quickly as possible, says Cylance's Anton Grashion.
Old technology never dies, but rather fades "very slowly" away, as evidenced by there being 21 million FTP servers still in use, says Rapid7's Tod Beardsley. Rapid7's scans of the internet have also revealed a worrying number of internet-exposed databases, memcached servers and poorly secured VoIP devices.
Modern enterprise mobile security provides pre-emptive threat defense, runs on predictive intelligence and crowd wisdom, and delivers a noninvasive employee experience.
As the connected world becomes more connected by the day, cyber threats have been retooled to attack ubiquitous mobile endpoints. While attack...