Attackers have targeted a patched vulnerability to exploit more than 209,000 carrier-grade routers made by Latvian manufacturer MicroTik and infect them with two types of malware - Coinhive and Crypto-Loot - designed to mine for cryptocurrency, security researchers say.
Three Ukrainian men who were allegedly part of a hacking gang that stole more than 15 million payment card records from U.S. businesses, sold the data in underground markets and enabled at least $12.4 million in fraud have been arrested in Germany, Poland and Spain at the request of the U.S.
Russian national Mikhail Malykhin, who was illegally residing in the U.S., has received a 70-month prison sentence after admitting to hack attacks and conspiring to use fraudulent debit cards issued via a hacked healthcare benefits administrator.
Facebook has suspended eight pages and 24 accounts for "coordinated inauthentic behavior" tied to apparent political influence campaigns ahead of an event in Washington. While Facebook declined to attribute the activities to specific individuals or groups, U.S. lawmakers are blaming the Kremlin.
Facebook says it has shut down 32 pages and accounts that it claims were "engaged in coordinated inauthentic behavior" apparently designed to influence U.S. politics. But the social network stopped short of attributing the "bad actors" to Russia.
Social media platforms have emerged as the world's most popular forms of communication. They also have become popular platforms for committing fraud. David Pollino of Bank of the West outlines what institutions should do to secure their social media presence.
Recognizing that social media create fertile grounds for fraud, the American Bankers Association now shares advice for how institutions can use these channels in ways that are compliant, smart and risk-savvy. The ABA's Denyette DePierro offers some tips.
Facebook has promised to bring machine learning to bear on the problem of hate speech and information warfare via its platform. But insiders have been urging the company to pursue a major cultural change, including prioritizing not doing anything "creepy" over the quest for short-term gain.
For years, Brett Johnson dedicated his time to cooking up new ways to defraud individuals and enterprises. Now the convicted felon spends his time recounting his crime story for business and security leaders. He'll be a featured speaker at ISMG's Security Summit Aug. 14-15 in New York.
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.
Recent ransomware attacks against healthcare organizations and others demonstrate why rapid detection is critical to limiting the malware's damage, says cybersecurity expert Bill Dixon of Kroll.
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.
In the wake of so many mega-breaches, new account fraud is easier to perpetrate than account takeovers. This puts new pressure on enterprises to know their digital customers, as well as to authenticate their identities and activities, says Shaked Vax of IBM Security.
Spear phishing attacks are in the news again following the Justice Department's indictment of Russian military intelligence officers for alleged attacks against U.S. politicians and county and state election boards. Here's how to play better phishing defense.
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.
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