Wells Fargo will pay $185 million in fines over employees illegally subscribing customers to banking products they didn't request - creating 2 million ghost accounts in the process - in what appears to be one of the largest cases of identity theft ever recorded.
President Obama has named Gregory Touhill, a retired Air Force brigadier general, as the U.S. federal government's first CISO. But his tenure could be brief because the next president could replace him or do away with the new position.
Internet of Things alert: Many embedded systems contain hardcoded cryptographic credentials that attackers could use to seize control of the devices or crack encrypted website traffic. And the problem is only getting worse, says security firm SEC Consult.
A lawsuit filed by St. Jude Medical claims that a recent report alleging dangerous cybersecurity vulnerabilities in its implantable cardiac devices was financially motivated and contained false statements and "market-bombshell scare tactics."
As the Office of Personnel Management purged a hacker, another intruder who secretly infiltrated the system stole 20.5 million records containing personal information of government workers and contractors, a new GOP report says. Democrats dispute many of the report's key findings about security shortcomings.
The National Institute of Standards and Technology is moving ahead with an initiative to create standards for cryptographic algorithms for small computing devices, such as those found in automobiles, control systems, smart grids and the Internet of Things.
A former administrative worker at a Florida pediatric practice has been indicted in federal court along with two others for alleged identity theft and fraud crimes involving stolen patient information. But why didn't prosecutors file HIPAA-related criminal charges?
Hutton Hotel says it failed to spot that its point-of-sale systems were compromised by malware for over three years. Separately, Noble House is now warning that its breach investigation uncovered 10 malware-infected hotels or restaurants.
As it prepares to file an appeal in federal court, LabMD is seeking a "stay" in implementing the Federal Trade Commission's final ruling in a longstanding dispute over the lab's information security practices.
To the annals of super-bad historical mega breaches that no one knew about, add two new entries: Dropbox and Last.fm. Hackers reportedly stole tens of millions of usernames and passwords from each in 2012.
Kimpton Hotels & Restaurants is warning that all 62 of its hotels suffered a POS malware infection this year that resulted in the compromise of cardholder data. So far it's unclear if the attack relates to breaches of Oracle MICROS or other POS vendors.
Following the $81 million Bangladesh Bank hack, "persistent, adaptive and sophisticated" attackers have continued to compromise banks' local security controls to send fraudulent money-moving messages via SWIFT's interbank messaging network, and, in some cases, successfully steal money, SWIFT warns.
Brazen ATM thefts from financial institutions in Taiwan and Thailand have sent a shiver through the global banking industry. An inside look at the malware used in the attacks reveals attackers' clever, incremental improvements.