Following Twitter's admission that cryptocurrency scammers socially engineered its employees to gain control of 45 high-profile accounts, one reaction has been: Why didn't anyone crack Twitter sooner? Unfortunately, the answer is that they have, especially if you count nation-states bribing insiders.
Twitter says attackers who hijacked more than 130 high-profile Twitter accounts used social engineering to bypass its defenses, including two-factor authentication on accounts. Experts say companies must have defenses in place against such schemes, which have long been employed by fraudsters.
As companies lay off employees and deal with financial challenges during the COVID-19 pandemic, they're also facing an increase in the number of insider fraud incidents, says Randy Trzeciak, director of the National Insider Threat Center at Carnegie Mellon University, who offers fraud detection tips.
The latest edition of the ISMG Security Report analyzes the surge in the use of employee monitoring tools for the increasingly remote workforce. Also featured: Discussions about IoT security guidelines and CCPA compliance requirements.
With so many employees working from home during the COVID-19 pandemic, vendors of time-tracking and productivity-monitoring software report surging interest in their wares. Regardless of whether organizations deploy light-touch or more Big Brother types of approaches, beware potential privacy repercussions.
The latest edition of the ISMG Security Report discusses global progress on adopting standard digital identifiers. Plus, a former cybercriminal discusses emerging fraud trends, and an update on the evolution of e-signatures.
Organizations deploying deception technology must make sure to integrate it with other technologies to reap the full benefits of intrusion alerts, says Anuj Tewari, global CISO at IT Services HCL Technologies.
An internal CIA report from 2017 - just released in heavily redacted form - found that the agency's failure to secure its own systems facilitated the massive "Vault 7" data breach that enabled classified information, including details of 35 CIA hacking tools, to be leaked to WikiLeaks.
A radiology technician allegedly inappropriately accessed thousands of patient records for more than eight years, according to a newly filed breach report from Kaiser Permanente Health Plan of the Mid-Atlantic States. The incident is yet another example of the challenges of dealing with insider threats.
A former administrative employee of a medical marijuana clinic and several other clinics was recently sentenced to serve time in federal prison after pleading guilty to identity theft and wire fraud. The case illustrates the potential risks posed by employees inappropriately using personal devices.
A former IT administrator for an Atlanta-based building products distribution company has been sentenced to 18 months in federal prison after he sabotaged the firm by changing router passwords and damaging a critical command server. Overall, Charles E. Taylor caused more than $800,000 in damages.
Three recent incidents involving inappropriate use of patient information by insiders illustrate how difficult it is for healthcare organizations to deal with the insider threat. Security experts offer risk mitigation advice.
Even in the best of economic circumstances, enterprises face risks of insiders stealing data or selling access to systems. But Joseph Blankenship of Forrester says the possibility of layoffs due to the COVID-19 pandemic puts enterprises at more risk of insider threats.
Forget "whitelists" and "blacklists" in cybersecurity. So recommends Britain's National Cyber Security Center, in a bid to move beyond the racial connotations inherent to the terminology. Henceforth, NCSC - part of intelligence agency GCHQ - will use the terms "allow list" and "deny list." Will others follow?