The latest edition of the ISMG Security Report analyzes the hacking of high-profile Twitter accounts. Also featured: Addressing security when offices reopen; the role of personal protective equipment, or PPE, in money laundering during the pandemic.
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.
The latest edition of the ISMG Security Report analyzes the latest developments in banning Huawei technology from 5G networks. Also featured are discussions of how to respond better to cybercrime and whether we're on the cusp of a digital currency revolution.
The U.S. Secret Service is combining its electronic and financial crime units into a single task force that will focus on investigating cyber-related financial crimes, such as BEC schemes and ransomware attacks. The move comes as lawmakers push for the Secret Service to take a more active role in fighting cybercrime.
Ransomware-wielding attackers continue to pummel organizations. But labeling these as being just ransomware attacks often misses how much these incidents involve serious network intrusions, exfiltration of extensive amounts of data, data leaks and, as a result, reportable data breaches.
Hackers with apparent ties to North Korea have extended their bag of online attack tricks beyond cryptocurrency mining, online bank heists and ransomware. Now, they're also hitting e-commerce merchants in the U.S. and Europe with Magecart attacks to steal payment card data, security firm Sansec reports.
Aleksey Burkov, who operated a site called "Cardplanet" that trafficked in stolen payment card data used to make millions of dollars in fraudulent purchases, has been sentenced to nine years in federal prison. His case also involved high-level negotiations between the U.S., Russia and Israel.
If you've managed to equip your home with smart devices and appliances that work properly, you probably think you're all set. But there are no regulations around how long manufacturers must provide security updates, which could mean a smart device could become a risk.
The latest edition of the ISMG Security Report discusses Europol's launch of the European Financial and Economic Crime Center, and also details the London Met's perspective on recent cybercrime trends, and to need to maintain a paper audit trail for mobile voting.
The FBI is warning that cybercriminals and fraudsters are increasingly targeting mobile banking apps with malware in order to steal credentials and conduct account takeover attacks. The shift to mobile banking has increased since the COVID-19 pandemic.
Europe is targeting financial and economic crime, including fraud and money laundering, via the new European Financial and Economic Crime Center, hosted by the EU's law enforcement intelligence agency Europol. Officials say the launch of such a center during the COVID-19 pandemic is no accident.
Payment fraud continues to evolve during the COVID-19 pandemic, exploiting changing habits and behaviors of consumers. Melissa Gaddis of TransUnion, who has been tracking these changes, says one of the surprising changes concerns millennials: They're now fraudsters' top target.
In honor of World Password Day, here's a task for every organization that uses remote desktop protocol: Ensure that all of your organization's internet-facing RDP ports have a password - and that it's complex and unique.
In the age of COVID-19 - when staying as close to home as possible and trying to avoid touching anything in public that might spread coronavirus is the new normal - cash is out, and "contactless" payments are in, if you're lucky enough to be able to use them.
The latest edition of the ISMG Security Report offers a discussion of the potential insider threats posed by the remote workforce during the COVID-19 crisis. Also featured: An update on payment fraud shifts and the long-term outlook for the cybersecurity market.
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