Here's more evidence of how a data breach can have a major financial impact. The bill for U.K. telecom giant TalkTalk's October 2015 data breach could be as much as $94 million, and the incident resulted in the loss of 95,000 customers.
Cyber-extortion attacks, especially those involving DDoS gangs that threaten disruptions unless the targeted organization pays a bitcoin ransom, are on the rise. Experts describe how organizations should respond to - and resist - these attacks.
Security experts are warning that Chinese networking product manufacturer TP-Link has been shipping routers with a WiFi password that's based on their MAC address, thus making their passwords easy for would-be attackers to sniff.
Extortion campaigns waged by cybercriminals are expected to become more damaging in 2016, putting additional pressure on CISOs to enhance protection of internal networks and educate employees about extortionists' techniques, says iSight Partner's John Miller.
Tracing bitcoin transactions, some security experts suspect multiple gangs have each amassed more than $1 billion, making them the equivalent of "unicorns" - a term venture capitalists apply to extremely successful startup firms. In case there was any doubt, cybercrime really does pay.
European police have arrested a "main target" as part of a previously undisclosed law enforcement effort, dubbed Operation Pleiades, against the distributed denial-of-service attack gang called DD4BC, or "DDoS for Bitcoin."
While DDoS attacks were once deemed primarily a nuisance, experts now say they're becoming a routine strategy cybercriminals use as part of a campaign to commit fraud or extortion. What are the four key attack trends to watch out for in 2016?
Slamming a Ukrainian energy provider for recently falling victim to a spear-phishing email and Excel macro attack might be easy. But security experts recommend all organizations use the incident to ensure they won't fall victim to copycat attacks.
In the wake of Juniper Networks finding "unauthorized code" in its firewall firmware that could be used to remotely access devices and encrypted communications, Cisco is reviewing its own code for signs of tampering. Will other vendors follow suit?
GOP presidential hopeful Carly Fiorina proposes standing up a centralized cyber command that would be responsible for all aspects of government IT security response. But such a plan could face resistance in Congress if it gives the military authority over federal civilian cybersecurity.
Here's how police and intelligence officials in Europe and the United States are collaborating to identify and disrupt the network of people that planned, supported and launched the Nov. 13 terror attacks in Paris.
Buoyed by massive illicit profits, cybercriminals have continued to refine their ransomware attacks, including updating their crypto techniques to foil decryption tools, encrypting file names and threatening to leak stolen secrets.
The FFIEC has issued an alert calling on financial institutions to take specific risk mitigation steps in light of an increase in the frequency and severity of cyberattacks involving extortion. Fraud experts applaud the move while offering additional recommendations.