US Pulls Back Curtain on Russian Cyber Operations

Scott Ferguson • April 16, 2021

While the Biden administration is betting that the latest round of sanctions aimed at Russia and its economy will help deter the country's cyber operations, several U.S. agencies used the sanctions announcement as an opportunity to pull back the curtain on the tactics of Russia's Foreign Intelligence Service.

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Biometrics

Post-Ransomware Response: Victim Says 'Do the Right Thing'

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Governance & Risk Management

Identity Management at the Core of Recent M&A Activity

Doug Olenick • April 20, 2021

Identity management was the focus of three acquisitions announced in the last several days by Mastercard, Entrust and Keyfactor.

3rd Party Risk Management

Did Huawei Eavesdrop on KPN Mobile Network?

Mathew J. Schwartz • April 20, 2021

A bombshell news report suggests that Dutch mobile network provider KPN in 2010 didn't know if one of its major equipment suppliers - China's Huawei - was spying on users. Viewed 11 years later, the report stands as a reminder to constantly review and address risks posed by suppliers.

ATM / POS Fraud

Payment Card Theft Ring Tech Leader Gets 10-Year Sentence

Scott Ferguson • April 19, 2021

A Ukrainian national who admitted to working as a system administrator and IT manager for the notorious FIN7 cybercriminal gang, which has been involved in the theft of millions of payment cards, has been sentenced to 10 years in federal prison.

Cybercrime

How to Prevent Wire Transfer Fraud

Suparna Goswami • April 19, 2021

How is wire transfer fraud evolving, and how can the risk be mitigated? Three experts provide insights in this panel discussion.

Breach Notification

Attackers Continue to Target UK Universities

Akshaya Asokan • April 17, 2021

The University of Hertfordshire has sustained a cyber incident that severely affected students' online classes and an assignment submission portal. The university, however, notes the incident did not lead to data theft.

Cybercrime as-a-service

Houston Rockets Investigate Ransomware Attack

Doug Olenick • April 16, 2021

The NBA's Houston Rockets reported on Wednesday that the organization was recently hit with a ransomware attack for which the Babuk cyber gang has taken responsibility. Babuk ransomware is known to be buggy and cannot always be decrypted - even with the proper key.

Breach Notification

ISMG Editors’ Panel: The Facebook Breach and More

Anna Delaney • April 16, 2021

Four editors at Information Security Media Group discuss important cybersecurity issues, including Facebook’s latest data leak and how adversaries continue to innovate and evolve.

3rd Party Risk Management

Attack on Codecov Affects Customers

Doug Olenick • April 16, 2021

Codecov, a company that tests software code prior to release, has notified customers that attackers had access to its network for a month and placed malware in one of its systems, which may have led to the exfiltration of customers' information.

3rd Party Risk Management

Does FBI Exchange Remediation Action Set a Precedent?

Anna Delaney • April 16, 2021

The latest edition of the ISMG Security Report features an analysis of whether the FBI removing malicious web shells from hundreds of compromised Microsoft Exchange Servers could set a precedent. Also featured is a description of an unusual fraud scam plus an update on security product development trends.

Fraud Management & Cybercrime

Ireland’s Privacy Watchdog Launches GDPR Probe of Facebook

Mathew J. Schwartz • April 16, 2021

Ireland's privacy regulator has launched an investigation into Facebook after personal information for 533 million of the social network's users appeared for sale online. It will analyze whether Facebook violated the country's data protection law or the EU's General Data Protection Regulation.

Cryptocurrency Fraud

Lazarus E-Commerce Attackers Also Targeted Cryptocurrency

Mathew J. Schwartz • April 15, 2021

Hackers with apparent ties to North Korea who hit e-commerce shops via Magecart-style attacks to steal payment card data also tested malicious tools for stealing cryptocurrency, reports cybersecurity firm Group-IB. Such functionality could trick customers into paying with cryptocurrency.

COVID-19

Phishing Campaign Targeting COVID Vaccine 'Cold Chain' Expands

Marianne Kolbasuk McGee • April 14, 2021

Cybercriminals, likely backed by nation-states, are expanding global spear-phishing campaigns targeting the COVID-19 vaccine "cold chain" in an attempt to steal credentials so they can gain "privileged insight" into sensitive information, the IBM Security X-Force says in an updated report.