Banks using behavioral-based controls are detecting malicious accounts in 92% of cases before traditional AML and transaction monitoring systems alert the bank.
After the collapse of the FTX cryptocurrency exchange, I received a small postcard from Japan. The sender was Mt. Gox. Here's how I bought a bitcoin for $12 and had a painful front-row seat for the first big cryptocurrency exchange collapse, plus some thoughts about cryptocurrency.
The stark consequences of ransomware became painfully clear in Australia this week as attackers began releasing data from health insurer Medibank, one of the country's largest health insurers. Also, leaked chat logs reveal how the attackers accessed Medibank's systems.
Who is attempting to extort Australian health insurer Medibank? Why did Medibank tell its attackers it wouldn't pay a ransom? Will this deter future cyber extortionists? Here are a few thoughts on the high cybercrime drama playing out.
Should Australia's Medibank health insurer pay extortionists to prevent the release of sensitive medical documents related to millions of Australians? There's no easy answer to remedying what is the most severe cybercriminal incident in Australian history.
Many ransomware-wielding attackers - including big-name groups - have been collectively shooting themselves in the foot by resorting to "amateur" tactics, including decryptors that fail to decrypt as well as gangs re-extorting the same victims. Cue fewer victims opting to pay a ransom.
Is Australia's data breach wave a coincidence, bad luck or intentional targeting? Maybe all three. But the security weaknesses that have led to the incidents are not exotic. And the people behind these attacks are most likely workaday cybercriminals, not top-level nation-state attackers.
More Russian-speaking, ransomware-wielding attackers are gunning for Russian businesses and government agencies, researchers report. The unwritten rule of Russian cybercrime has historically been to never attack inside Russia or neighboring allies.
Should the now-former CSO of Uber have reported a security incident to authorities after discovering signs of unusual behavior? That's one of the big questions now being asked in the closely watched trial of Joe Sullivan, who's been charged with covering up a data breach and paying off hackers.
Who's been disrupting ransomware operations' data leak sites by targeting them with distributed denial-of-service attacks? No one has yet claimed credit for the ongoing disruptions and slowdowns, but one likely theory is that rival operations are attempting to cause each other pain.
With the increase in remote workers and proliferation of uncontrolled devices, your IT team has been migrating applications to the cloud along with building cloud-native applications to support the speed needed by the business.
They’re necessary contributors to the business ecosystem, but there’s risk associated with third-party remote access, including bad actors lurking around every access point.
Calling all Apple users: It's time to once again patch your devices to protect them against two zero-day vulnerabilities that attackers are actively exploiting in the wild to take complete control of devices. While there's no need to panic, security experts advise moving quickly.
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