Many financial institutions have deployed fraud fusion centers as a way to help mitigate risks. But as fraudsters revamp their techniques, banks need to revamp these centers to keep up, says Jeff Dant of BMO Financial Group, who will speak at ISMG's Virtual Cybersecurity and Fraud Summit: Toronto.
Two Iranian nationals have been charged with participating in a years-long hacking campaign that targeted vulnerable networks in the U.S., Europe and the Middle East to steal "hundreds of terabytes" of data, according to the U.S. Department of Justice.
An Instagram post by one of Australia's former prime ministers led to a security researcher finding his passport and phone number due to a coding error in a widely used airline ticketing system. The bug has been fixed, but it's another warning to avoid posting photos of boarding passes.
Federal prosecutors have unsealed indictments charging five Chinese suspects - alleged members of the China-linked APT41 hacking group - with breaching more than 100 companies, government agencies and other organizations around the world.
A Russian national who is allegedly part of an ongoing disinformation campaign targeting the upcoming U.S. election faces a charge of conspiracy to commit wire fraud, according to the U.S. Justice Department.
Independent bug hunters who find flaws in products and services often struggle to hand off their vulnerability report to someone in a position to get it fixed, says longtime security researcher Daniel Cuthbert. He describes steps organizations must take to be able to receive - and act on - bug reports.
A recently uncovered Linux malware variant dubbed "CDRThief" is targeting VoIP networks to steal phone metadata, such as caller IP addresses, ESET reports. The malware appears to be designed for cyberespionage or fraud.
Since March, the operators behind ProLocker ransomware have focused on targeting large enterprise networks with ransomware demands sometimes exceeding $1 million, the security firm Group-IB reports. The gang has recently started to use the Qbot banking Trojan.
Disruption, distortion and deterioration - these cybersecurity threats are amplified by the ongoing pandemic. Which poses the greatest threat and why? We asked this exclusive panel of CEOs and CISOs, and their responses might surprise you.
TeamTNT, a recently uncovered hacking group, is weaponizing Weave Scope, a legitimate cloud monitoring tool, to help install cryptominers in cloud environments, according to reports from Intezer and Microsoft.
When startups succeed, they typically hire more employees to handle increasingly specialized tasks. The same goes for ransomware gangs, which, as they grow, have been hiring experts with advanced hacking, encryption, negotiation and other skills to help take down larger targets, says Coveware's Bill Siegel.
Cybercriminals still prefer to use "money mules" and drug trafficking to launder money tied to their bank hacking activities rather than cryptocurrency transactions, according to a report from SWIFT, which handles intra-bank financial transactions.