As banks in the U.S. and Australia grapple with how to effectively launch faster payments, more will turn to big data and machine learning to help better manage expected upticks in fraud, says cybersecurity specialist John O'Neill Jr. of DarkTower.
The Department of Justice has charged two men, arrested in Connecticut near the scene of a jackpotting attack against a drive-up ATM, with bank fraud stemming from a malware attack. Police say they recovered $9,000 in $20 bills, as well a black box and other equipment from the suspects' car.
Russian citizen Peter Levashov, arrested last year while vacationing in Spain, appeared Friday in U.S. federal court to face charges that he owned and operated the Kelihos botnet and distributed spam, banking Trojans and ransomware for profit. Levashov has pleaded not guilty.
Blockchain technology already underpins the boom in cryptocurrencies, but it is also being rigorously tested and developed for other applications, including identity and access management. Such projects could make personal data easier to secure and less vulnerable to data breaches.
Orwell got it wrong: People are less likely to surrender their privacy to a totalitarian state than to the lure of sharing holiday snaps, cat videos or the route and time they took for their latest cycling, jogging or kiteboarding outing, as captured by a wearable fitness device.
The booming interest and sometimes surging values of cryptocurrencies are drawing the interest of cybercriminals on a scale never seen before - including attacks aimed at trying to steal computing power to mine cryptocurrency.
Leading the latest edition of the ISMG Security Report: Inside the darknet marketplaces that serve cybercrime-as-a-service buyers and sellers. Also, why the healthcare sector remains so bad at detecting data breaches and blocking ransomware.
On cybercrime forums and darknet marketplaces, there's an abundant supply of cybercrime products and services and lots of demand, plus prices remain low, says Flashpoint's Liv Rowley. All that's needed to leverage the products and services to make a profit, she says, is a bit of knowledge.
The White House, fearing China is spying on phone calls, has suggested that the U.S. government take a primary role in marshaling the development of secure 5G networks. But would nationalizing 5G networks make them more secure?
Coincheck, a Tokyo-based exchange, says it suffered a hack attack that led to the theft of $530 million worth of XEM cryptocurrency from its hot wallet. But the developers of XEM say they are tagging all accounts that receive the stolen funds to stop it from being converted to cash.
Many Malwarebytes users had a busy weekend after a software update led their Windows systems to experience "out of memory" errors, loss of internet access and, in some cases, crashing. The security firm has apologized and issued detailed instructions for reversing the problems and installing its fix.
U.S. Secret Service alert: For the first time, malware-using fraudsters have been draining U.S. ATMs of their cash via what's known as a jackpotting or cash-out attack. Two older models of ATMs made by Diebold Nixdorf appear to have been targeted.
In the wake of a ransomware attack that disrupted patient care services for hundreds of Allscripts' customers, a class action lawsuit has been filed against the cloud-based electronic health records vendor for allegedly "failing to secure its systems and data from cyberattacks."
How much does it cost to buy cybercrime-enabling products or services? Just $5 and up, security researchers say. Law enforcement agencies warn that small-time players as well as "serious and organized" crime rings are using cybercrime as a service to make illicit profits.