In the wake of reports that 65 million stolen credentials from micro-blogging platform Tumblr have surfaced online, following 117 million LinkedIn credentials, it's clear that 2016 is fast becoming the year of what one security expert dubs "historical mega breaches."
As Europe counts down to implementing its General Data Protection Regulation, which will require EU-wide data breach notifications for the first time, similar efforts to enact a single federal law in the United States remain stalled.
LinkedIn failed to force all users to reset their passwords after a 2012 breach of at least 6.5 million credentials came to light. But it turns out the breach actually compromised 167 million accounts. Whoops.
Information Security Media Group is premiering the twice-weekly ISMG Security Report, a concise, on-demand audio report in which ISMG editors and other experts analyze the latest IT security news.
The Swiss government says that online attackers used a variant of "Turla" malware - previously tied to campaigns with suspected Russian intelligence ties - to steal at least 23 GB of sensitive information from state-owned defense firm RUAG.
The manufacturers of wearable health devices should incorporate key privacy and security best practices into the R&D of their products, says privacy advocate Michelle De Mooy of the Center for Democracy & Technology, who describes recommendations in a new study.
In today's rapidly changing cyber threat environment, the federal government needs to take a lead role in making sure mobile device security is adequate, says security researcher Stephen Cobb, who analyzes ongoing investigations by the FTC and FCC in this audio interview.
With hack attacks continuing against banks, SWIFT must follow in the footsteps of other vendors - notably Microsoft - and begin offering detailed, prescriptive security guidance to its users, says Doug Gourlay of Skyport Systems.
Ransomware, regulations, botnets, information sharing and policing strategies were just some of the topics that dominated the "International Conference on Big Data in Cyber Security" hosted by Edinburgh Napier University in Scotland.
Vietnam's TPBank says it successfully foiled more than $1 million in fraudulent transfer requests apparently initiated by the same hackers who targeted Bangladesh Bank and other SWIFT-using institutions with PDF reader malware.
The Commercial Bank of Ceylon has apparently been hacked, and its data has been dumped online by the Bozkurtlar hacking group that has leaked data from seven other banks in the Middle East and South Asia since April 26.
The theft of $81 million from Bangladesh Bank was "part of a wider and highly adaptive campaign targeting banks," SWIFT warns its 11,000 customers. Investigators say signs point to the same attackers having hacked Sony Pictures Entertainment in 2014.
Amidst finger-pointing over responsibility for the $81 million online theft from Bangladesh Bank, SWIFT has issued its first-ever information security guidance to banks, telling them that they're responsible for securing their own systems.
America's cyber infrastructure is under constant attack, and damage to it could have significant consequences. But the presidential candidates haven't had much to say about the issue. At ISMG's Fraud and Breach Prevention Summit, a panel of experts will address how the next president should tackle cybersecurity.
Attackers have been exploiting separate zero-day vulnerabilities in Internet Explorer and the Flash browser plug-in software. But while Microsoft has patched IE, Adobe's Flash fix remains forthcoming.
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