Hackers apparently stole $31 million from accounts that banks keep at Russia's central bank in a series of cyberattacks this year, according to several news reports. The news comes as the country's security service also claims to have fought off broader attacks against the financial services industry.
Acknowledging the urgent IT security challenges the nation faces, a cybersecurity commission named by President Barack Obama encourages the incoming administration to adopt some of its recommendations in the first 100 days of Donald Trump's presidency.
Today's ISMG Security Report leads off with House Homeland Security Committee Chairman Michael McCaul and DHS Secretary Jeh Johnson lamenting about the congressional bureaucracy that hinders passage of needed cybersecurity legislation.
Cyber espionage and other increasingly sophisticated nation-state cyberattacks will escalate into what amounts to "cyberwar" in 2017, predicts security expert Michael Bruemmer of Experian Data Breach Resolution.
Many members of Britain's Parliament regularly use technology - and tech firms - as a scapegoat for intractable social issues or failed government policies. Does the country's new mass surveillance law now enshrine technology scapegoating into law?
Cyberattacks waged by organized crime groups are simultaneously targeting a wider array of industries worldwide, which is why cross-industry threat information sharing is more critical than ever, says Brian Engle, executive director of the Retail Cyber Intelligence Sharing Center.
The Internet Archive, a pioneering 20-petabyte digital repository, is raising funds to replicate its data in Canada. The group's founder fears that the election of Donald Trump as the next U.S. president portends an uncertain privacy rights future.
ISMG's upcoming Breach Prevention Summit in New Delhi shares steps for creating a cybersecure environment, as experts will discuss new approaches to tackle breaches and issues related to national critical infrastructure.
Score one for preparation: In the wake of a ransomware attack that infected 900 workstations, the San Francisco Municipal Transportation Agency says it's restoring affected systems, vowing to not give the attackers a single bitcoin of their ransom demand.
A ransomware attack against San Francisco's Muni public transportation network attack over the busy Thanksgiving holiday - and Black Friday shopping - weekend left more than 2,000 fare-handling systems locked, leading officials to let people ride for free.
Healthcare entities must perform security due diligence when they consider introducing emerging technologies - including "internet of things" devices - into their environments, says attorney Stephen Wu, author of a new book on HIPAA compliance.
After the recent compromise of 3.2 million debit cards details in India, Ravi Shankar Prasad, minister of IT and law, is calling for more organizations to have a third-party security audit and hire a CISO.
IBM will pay an unspecified amount to the Australian government for the vendor's role in the technical problems related to the recent online census, which dented public confidence in large-scale IT projects.
Organizations in all sectors need to be aware of newly emerging insider threats, including those tied to the dark web, Michael Theis of Carnegie Mellon's CERT Insider Threat Center explains in this video interview.