A California man has pleaded guilty to his role in a scheme to commit a $50 million wire and securities fraud that involved the creation of fake websites to solicit funds from investors, the Department of Justice announced Wednesday.
A senior executive at a Russian cybersecurity services firm has been denied bail after being extradited from Switzerland to the U.S. to face charges that he participated in a hacking scheme that stole pre-public earnings information for publicly traded companies to make $82.5 million via insider trading.
In the latest update, four ISMG editors discuss key cybersecurity issues, including myth busting from the founder of Zero Trust, the reason behind the surge in high-profile cryptocurrency scams in India and how ransomware attackers routinely lie about their inclinations, motivations and tactics.
The latest edition of the ISMG Security Report features an analysis of the recent surge in Russian cyber interference in Ukrainian government and civilian networks, the impact of China's privacy law, and the battle against cryptocurrency cybercrime.
Arbix Finance, a yield-farming protocol that runs on Binance Smart Chain, has reportedly siphoned user funds in what blockchain security firm CertiK labeled a "rug pull." This follows a Library of Congress report indicating that the number of nations banning cryptocurrency has doubled since 2018.
Bernalillo County, the largest county in New Mexico, shut down its IT systems after reportedly suffering a ransomware attack on Wednesday. County officials say they are working with third-party vendors to remediate the incident. County staff are working remotely as systems are restored.
A proposed class action lawsuit has been filed against a practice management and electronic health records vendor in the wake of a 2021 cyberattack affecting nearly 320,000 individuals. Among other demands, the lawsuit seeks a long list of security improvements by the company.
The Apache Log4j vulnerability capped the end of a long year for CISOs and incident responders, and it left them with a mitigation project that carries them well into the New Year. CISOs John Bassett and Martin Dinel discuss how their teams have tackled Log4j - and significant lessons learned.
Paul Haywood, executive CISO of Bupa Global, knows exactly how much business risk ransomware poses to his enterprise - and that truly it could be "a matter of if, not when." Here is how he has partnered with Vectra AI to improve ransomware defenses.
Where are security practitioners in their zero trust journeys, and what approach to zero trust have they taken? Three experts - Netskope's David Fairman, Exceture's Mario Demarillas, and Petronas' Soumo Mukherjee - share their thoughts in a panel discussion.
Alphabet's Google has purchased stand-alone security orchestration, automation and response vendor Siemplify for about $500 million in cash, to bolster the threat detection and response capabilities built into Google's Chronicle security analytics platform.
Amid the current ransomware surge, it's time for the principle of least privilege to meet endpoint security and be a new foundational security control, says David Higgins of CyberArk. He outlines the cybersecurity use cases and potential business benefits.
Ten U.S. senators this week wrote to the secretaries of both the Department of Homeland Security and the Department of Transportation inquiring about specific measures they plan to pursue to prevent and respond to cyberattacks on the nation's critical infrastructure.
New York State Attorney General Leticia James detailed a credential stuffing investigation that showed the compromise of 1.1 million user accounts linked to "well-known" retail operations. The 17 companies involved reportedly agreed to put new measures in place to mitigate cyber risks.
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