A new report from Accenture highlights five key areas where cyberthreats in the financial services sector will evolve. Many of these threats could comingle, making them even more disruptive, says Valerie Abend, a managing director at Accenture who's one of the authors of the report.
Xenotime, the group suspected of launching the Trisis malware attack in Saudi Arabia during 2017, has over the past few months shifted its focus beyond the oil and gas industry to target electrical plants and utilities, security firm Dragos reports.
Not all that crashes has been hacked. To wit, this past weekend there were multiple major outages, including much of Argentina and Uruguay going dark, as well as U.S. retailer Target's system problems leaving customers unable to pay for goods. But none of these outages were due to cyberattacks.
The White House budget chief is seeking to delay a ban on the U.S. government using products manufactured by Huawei. In a letter to Vice President Mike Pence, Russell T. Vought, the acting director of the Office of Management and Budget, says organizations need more time to switch suppliers.
Anyone looking for clarity on whether Special Counsel Robert Mueller believes President Trump is innocent of committing any crimes came away empty-handed from Mueller's press conference Wednesday, when he declined to exonerate the president. But Mueller again accused Russia of attempted election interference.
Financial services firms write off a certain level of online fraud as a cost of doing business, but these losses directly fund organized crime and help legitimize cybercrime as a career path, says Trusted Knight's Trevor Reschke, who stresses the sector must do more to combat fraud.
The latest edition of the ISMG Security Report assesses the legacy of WannaCry ransomware two years on. Also featured: the evolving role of healthcare CISOs; threat mitigation recommendations based on the 2019 Verizon Data Breach Investigations Report.
The U.S. Commerce Department will offer a 90-day reprieve to a handful of companies that conduct business with Huawei before the Trump administration's ban on the use of the Chinese company's technologies fully kicks in, the Wall Street Journal reports. Meanwhile, Google announces it will continue to work with Huawei.
The Department of Homeland Security is warning that Chinese-made drones could be sending sensitive data back to their manufacturers, where it can be accessed by the government, according to news reports.
After the Trump administration last week blacklisted Huawei amid rising trade tensions, Google says it has canceled the Chinese smartphone giant's Android license. Many chipmakers and other technology firms have also said they will cease or at least pause the sharing of software, hardware and services.
A House panel has approved a measure designed to make sure Congress is informed when U.S. companies sell offensive cyber technologies to other nations' governments. The measure was introduced after a U.S. firm sold technologies to the United Arab Emirates that were used to target activists and journalists.
U.S. President Donald Trump on Wednesday signed a long-expected executive order that bans the purchase of telecommunication equipment from nations deemed to pose a spying risk. Also, Huawei was banned by the Commerce Department from buying U.S. components without obtaining a license first.
Facebook is warning users of its WhatsApp messaging app to update immediately to fix a flaw that is being used to remotely install Pegasus surveillance software from Israel's NSO Group. WhatsApp says a "select number" of targets were hit by the attacks, which it has blamed on "an advanced cyber actor."
Attackers exploiting a buffer overflow in WhatsApp's signaling software to automatically infect devices with malware - without users even having to answer their phone - and then alter call logs to hide attack traces is "a bit of a nightmare scenario," says cybersecurity expert Alan Woodward.
The indictment of two Chinese men for a 2014 cyberattack on health insurer Anthem that compromised information on nearly 80 million individuals contains extensive details about the incident that security professionals can use to help with their breach prevention strategies.