A federal judge has ruled that an insurer providing a "business owner's insurance policy" to a company that sustained a ransomware attack and was forced to replace most of its IT infrastructure must pay for the damages the security incident caused.
The latest edition of the ISMG Security Report discusses the ramifications of the U.K's decision to allow limited use of Huawei's equipment in 5G networks. Plus: Updates on Wawa's stolen card data offered for sale and nascent security threats from social networks and drones.
The United Nations did not reveal hacks last year that compromised dozens of servers and domains and may have exposed sensitive data, including information related to human rights abuses, according to The New Humanitarian news agency.
A long-running marketplace for selling stolen payment card data claims it has 30 million stolen payment cards that experts believe are linked to the breach at Wawa convenience stores late last year. The breach is one of the largest ever involving card-related data.
Trend Micro researchers created a phony "smart factory" that lured attackers, demonstrating how they are increasingly focusing on industrial control systems and have become adept at planting malware within vulnerable infrastructure.
Bad news on the ransomware front: Victims that choose to pay attackers' ransom demands - in return for the promise of a decryption tool - last quarter paid an average of $84,116, according to Coveware. But gangs wielding Ryuk and Sodinokibi - aka REvil - often demanded much more.
A spear-phishing campaign targeted a U.S. government agency for several months last year using emails with content about North Korea geopolitics as a lure, according to an analysis from Palo Alto Networks' Unit 42.
Dave DeWalt, former CEO of FireEye and McAfee, has been appointed vice chair of the board of Onapsis, a vendor focused on securing business-critical applications. In this exclusive interview, DeWalt opens up on application vulnerabilities, the evolution of the nation-state threat and technologies to watch in 2020.
Aleksey Burkov, who was extradited from Israel to the U.S. in November, plead guilty this week to several federal charges related to his site "Cardplanet," which trafficked in stolen payment card data.
Hackers who may have ties to Iran have recently turned their attention to the European energy sector, using open source tools to target one firm's network as part of an cyberespionage operation, according to the security firm Recorded Future.
Emotet malware alert: The U.S. Cybersecurity and Infrastructure Security Agency says it's been "tracking a spike" in targeted Emotet malware attacks. It urges all organizations to immediately put in place defenses to not just avoid infection, but also detect lateral movement in their networks by hackers.
The mobile phone of Amazon CEO Jeff Bezos was hacked via a malicious file sent directly from the official WhatsApp account of Saudi Arabia's Crown Prince Mohammed Bin Salman, investigators have concluded. While the Saudis deny involvement, the United Nations has called for an immediate investigation.
FTCODE, a ransomware strain that has been active since at least 2013, has recently been revamped to include new features, including the ability to steal credentials and passwords from web browsers and email clients, according to two research reports released this week.