A gang of North Korean government hackers, known as APT38, has stolen more than $100 million from banks in Asia and Africa via fraudulent SWIFT transfers, cybersecurity firm FireEye warns. Separately, the U.S. government says North Korea is also behind serious ATM malware cash-out attacks.
Tesco Bank has been hit with a £16.4 million ($21.3 million) fine by the U.K.'s Financial Conduct Authority for failing to prevent and more rapidly block thousands of fraudulent transactions that drained £2.3 million ($3 million) directly from customers' bank accounts.
The U.K.'s data protection regulator has fined Bupa Insurance Services £175,000 ($228,000) for failing to stop an employee from stealing 547,000 customer records, which were later offered for sale on the dark web. The ICO found that the health insurer's CRM system lacked adequate security controls.
The recent breach at Facebook, which affects 50 million users, is likely to have a big impact on Asians who use Facebook's single sign-on feature to log into third-party apps. India is the world's largest market for the social media giant.
Several days after the Port of San Diego was hit by a crypto-locking ransomware attack, incident response efforts remain underway and many port systems remain offline. Port officials say the attacker has demanded a ransom, payable in bitcoin, for the promise of a decryption key.
An Australian man who as a teenager managed to infiltrate Apple's networks and do it again after the company expelled him - aided by a folder on his laptop storing his "Hacky Hack Hack Methods" - has been sentenced to serve eight months of probation, according to news reports.
WhatsApp has agreed to appoint a grievance officer for India who will handle complaints about fake news. The nation's government had demanded the action in the wake of recent mob violence triggered by fake news spread on the social media platform. But will the appointment have a significant impact?
In Australia, it can take as few as 15 minutes to steal someone's phone number, a type of attack known as SIM hijacking. Such attacks are rising, but mobile operators have no plans to change the authentication required around number porting, which can be set in motion online with minimal personal information.
IoT devices are increasingly becoming a way to pay for goods and services, shifting the "internet of things" to the "internet of transactions." Gord Jamieson of Visa Canada discusses steps the card network is taking to ensure these payments are secure.
Police in India have made seven arrests of suspected money mules involved in the theft of $13.5 million from Cosmos Bank. Authorities continue to investigate the heist in hopes of identifying those who led the attack.
One mystery with the recently discovered payment card sniffing attacks against such organizations as British Airways and Newegg has been how attackers might have first gained access to the victims' networks. But a number of cybercrime markets sell such access, in some cases for as little as 50 cents.
Seeking better operational efficiency and ROI, many enterprises have begun significant software automation and orchestration efforts without accounting for the inherent security risks they may bring, says Jeffery Kok of CyberArk.
Credit bureau Equifax has been hit with the maximum possible fine under U.K. law for "multiple failures" that contributed to its massive 2017 data breach, including its failure to act on a critical vulnerability alert issued by the U.S. Department of Homeland Security.
Online retailer Newegg is investigating a malware attack that may have stolen customers' payment card details for more than a month. Security firms have traced the heist to Magecart, a loose affiliation of cybercrime gangs also tied to payment card data breaches at British Airways and Ticketmaster.
Criminals operating online continue to target cryptocurrencies, leverage phishing and other social engineering attacks, as well as tweak age-old scams - including Nigerian prince emails - for the modern age. So warns Europol in its latest Internet Organized Crime Threat Assessment.
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