Officials in several nations are probing the security of the SWIFT interbank messaging system in the wake of recent hacker attacks. Can the bank-owned cooperative better police members, secure access to its network as well as spot emerging hack attacks and fraud?
Another series of SWIFT-enabled hack attacks against a bank has come to light, following the theft of $81 million from the central bank of Bangladesh and SWIFT warning that other banks are also being targeted.
Banks and regulators have begun reviewing SWIFT-related information security practices and requirements following the online heist of $81 million from Bangladesh Bank. Authorities say much of that money is still missing.
A judge has declined to share details of a flaw exploited by the FBI - either in the Firefox browser or modified Tor version - during the course of a large child pornography investigation, saying Mozilla should deal directly with the U.S. government.
Cyberattacks are increasing in frequency, complexity, nuance and stealth. But human error, business compulsions and increasingly complex environments make it difficult to maintain adequate defenses, says Juniper Network's CTO for India and SAARC
Ransomware, regulations, botnets, information sharing and policing strategies were just some of the topics that dominated the "International Conference on Big Data in Cyber Security" hosted by Edinburgh Napier University in Scotland.
The $940 billion compensation awarded to Epic Systems in its case against Indian IT major TCS is unprecedented - shaking the industry out of its complacency to information security. Cyber law expert "Naavi" takes a close look at the implications for India.
Amidst finger-pointing over responsibility for the $81 million online theft from Bangladesh Bank, SWIFT has issued its first-ever information security guidance to banks, telling them that they're responsible for securing their own systems.
Australian entrepreneur Craig Wright boasted that he was the secret bitcoin creator known only as "Satoshi Nakamoto." But his claim has been dismantled by security experts, leading one to call Wright "the world's first cryptographically provable con artist."
The emerging threats posed by cybercrime and evolving banking services, including mobile banking, will be among the focal points of a keynote address by the Information Security Forum's Steve Durbin at ISMG's Fraud & Breach Prevention Summit in Washington May 17-18.
Anonymous has unleashed a DDoS campaign against banks, commencing with an attack against the Bank of Greece's website, followed by attacks against other bank websites. But the impact of the interruptions apparently has been minimal, continuing Anonymous' track record for attacks that fail to pack much of a punch.
Close on the heels of the QNB leak, the same attackers have published data that appears to be from UAE-based InvestBank. The dump appears to contain payment card data, as well as a large number of sensitive, internal files relating to the bank's employees and systems.
Russian email service Mail.Ru says its users' credentials contained in data leaked to Hold Security are 99.982 percent invalid, leading it to slam the security firm for stoking "media hype." But Hold Security's CISO contends the leak contains valid email addresses that could be used for phishing and spam.
A security firm claims to have obtained from a young Russian hacker a data set that includes 272 million unique credentials for Hotmail, Gmail and Yahoo email addresses, among others. But there's no reason to panic, security experts say.