The latest edition of the ISMG Security Report analyzes whether a leaked database compiled by a Chinese company should be a cause for serious concern. Also featured are discussions on vulnerability disclosure challenges and risks posed by using social media apps for payments.
Two Russian nationals have been charged with using phishing techniques and spoofed domains to steal over $16 million from three cryptocurrency exchanges in 2017 and 2018, according to the U.S. Justice Department.
Federal prosecutors have unsealed indictments charging five Chinese suspects - alleged members of the China-linked APT41 hacking group - with breaching more than 100 companies, government agencies and other organizations around the world.
The Justice Department has unsealed an indictment of two alleged hackers for defacing over 50 U.S. websites in what federal prosecutors call a campaign of retaliation following the death of Iranian Major General Qasem Soleimani earlier this year.
The IRS is offering grants of up to $625,000 to tech companies that devise ways to help the tax agency trace cryptocurrency transactions as part of its investigations into money laundering and other types of cybercrimes.
Potentially capping a fraught political showdown, China's TikTok, which is owned by Beijing-based ByteDance, has chosen Oracle to be its U.S. "technology partner," rejecting a bid by Microsoft. But Chinese state media suggests reports of a deal might be premature.
Independent bug hunters who find flaws in products and services often struggle to hand off their vulnerability report to someone in a position to get it fixed, says longtime security researcher Daniel Cuthbert. He describes steps organizations must take to be able to receive - and act on - bug reports.
A recently uncovered Linux malware variant dubbed "CDRThief" is targeting VoIP networks to steal phone metadata, such as caller IP addresses, ESET reports. The malware appears to be designed for cyberespionage or fraud.
TeamTNT, a recently uncovered hacking group, is weaponizing Weave Scope, a legitimate cloud monitoring tool, to help install cryptominers in cloud environments, according to reports from Intezer and Microsoft.
The U.S. Cybersecurity and Infrastructure Security Agency is warning of an increase in targeted distributed denial-of-service attacks against financial and government organizations worldwide. And security firms also are tracking the incidents in these and other sectors.
Cybercriminals still prefer to use "money mules" and drug trafficking to launder money tied to their bank hacking activities rather than cryptocurrency transactions, according to a report from SWIFT, which handles intra-bank financial transactions.
A federal grand jury has formally indicted a Russian national in connection with a thwarted attempt at stealing corporate data from electric vehicle manufacturer Tesla so it could be used to extort a $4 million ransom.
A federal judge has dismissed a lawsuit filed last year against Google and the University of Chicago Medicine involving complex privacy and other issues related to the use of patients' de-identified electronic health record data. But the court left the door open to filing an amended complaint.