Hackers have reportedly exploited the SS7 mobile telecommunications signaling protocol to drain money from online bank accounts used by O2 mobile phone subscribers. Despite rising security worries relating to SS7, many telcos have yet to explore related fixes.
As fraudsters continue to improve their email spoofing with better socially engineered schemes, business email compromise attacks will become more successful, says Denyette DePierro of the American Bankers Association, who discusses how banks can help customers avoid becoming victimized.
Score another one for social engineering: A phishing campaign used a bogus "Google Docs" app to trick people into surrendering full access to their Google accounts and contacts. Before Google squashed the campaign, up to 1 million of its users may have fallen victim.
Travel industry software giant Sabre has alerted hotels that its software-as-a-service SynXis Central Reservations system - used by more than 36,000 properties - was breached and payment card data and customers' personal details may have been stolen.
The figure sounds alarming, 60 percent of small companies went belly up within six months of a breach. And that stat was repeated several times by lawmakers as a House panel debated - and approved - a bill aimed at helping small businesses battle hackers. But is that number true?
IBM and Lenovo have issued a security alert, warning that they inadvertently shipped malware-infected USB flash drives to some customers who use their Storwize hardware. The malware, known as Reconyc, is designed to install additional attack code on infected endpoints.
An analysis on why small businesses are increasingly being targeted by hackers leads the latest edition of the ISMG Security Report. Also, potential medical device hacks pose risk to patients, and payment fraud evolves as the threat landscape intensifies.
So far this year, we've seen heightened tensions between the U.S. and adversaries in Russia, North Korea and Iran. How do these tensions manifest on the cyber stage? Tom Kellermann of Strategic Cyber Ventures talks about the cyberwar risks brewing below the surface.
The ISMG Security Report leads with an analysis of how tactics used by Kremlin-tied actors to target political groups in France, Germany and the U.S. to influence foreign elections could be employed to damage the reputation of businesses.
Interpol, working with countries and security vendors, says it has uncovered 270 websites - including some government portals - compromised by malware. In some instances, the websites contained personal data of citizens.