Seattle police have charged an online retailer's "shopping experience" software programmer with engineering a fraud scheme based on the movie "Office Space," in which malicious software was used to transfer a fraction of every transaction into an outside account.
Belgian banking giant Degroof Petercam is warning hundreds of clients that their employees are at risk of fraud after personal details tied to their stock option plans were accessed, potentially by an ex-employee. The bank has reported the data breach to the Belgian Data Protection Authority.
The latest edition of the ISMG Security Report discusses how investigators saw the collapse of cryptocurrency exchange FTX as "one of the biggest financial frauds in American history," how CISOs can guard against their own liability, and major security and privacy shifts and the outlook for 2023.
Ransomware groups are turning up the pressure on their victims to make sure organizations pay – and are demanding higher ransoms.
According to the Unit 42 Ransomware Threat Report, in 2021, the average ransom demand in cases we handled increased 144% over 2020. On top of that, there was an 85% increase in the...
As cybercriminals evolve their attack techniques, they pose greater risks to the government, businesses and individuals. It’s more critical than ever to improve your security strategy and proactively prepare for the next wave of cyberthreats.
The first step is to understand the latest attack trends and major...
Too often when software developers change jobs, they take source code they've written with them, feeling the code belongs to them even if it belongs to an employer. Code42's Joe Payne shares the challenges of detecting source code theft and ways to protect intellectual property wherever it resides.
The latest edition of the ISMG Security Report discusses the appearance at a Senate hearing this week by the former head of security for Twitter; the top-performing web application and API protection vendors, according to Gartner's Magic Quadrant 2022; and threat trends to watch for in 2023.
The U.S. Department of Justice obtained its first ever guilty plea in a cryptocurrency insider trading case after Nikhil Wahi, 26, admitted to a scheme to buy crypto assets ahead of their listing on Coinbase. Wahi is one of a trio facing charges that includes his brother, a former Coinbase employee.
Twitter security exec-turned-whistleblower Peiter Zatko today listed alleged security and privacy shortcomings of the social media company for a Senate panel. "It's not farfetched to say that an employee inside the company could take over the accounts of all of the senators in this room," he said.
InfoSec, IT risk and digital supply chain management professionals know the key to minimizing the risk of third-party breaches is to implement a comprehensive and efficient third-party security risk management (TPRSM) process.
Join this webinar where Dov Goldman discusses the increasing challenges surrounding...
Post-pandemic, in the new era of hybrid work, Mastercard CSO Ron Green says the unintentional insider threat is one of his top concerns for member institutions and their customers. He shares insight on threats, partnerships and how the public and private sectors can address workforce development.
Would you trust an accused hacker? Specifically, one Nickolas Sharp, a software developer charged with extorting former employer Ubiquiti, after allegedly engineering a data breach and posing as an anonymous whistleblower in media interviews.
Fintech company Block faces a putative class action demanding damages for customers affected by a 2021 data breach that affected 8.2 million individuals. The company, formerly known as Square and co-founded by former-Twitter CEO Jack Dorsey, disclosed the breach in April.
Over the last two years alone, insider security incidents have jumped 47%, with the average cost per incident up by 31%. That risk is only increasing in an era of remote working and distributed teams. Today, anyone with insider access—outside contractors, consultants and vendors—can pose an insider threat. Many...
External attackers aren’t the only threats modern organizations need to consider in their cybersecurity planning. Malicious, negligent and compromised users are a serious and growing risk. As the 2022 Cost of Insider Threats: Global Report reveals, insider threat incidents have risen 44% over the past two years,...
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