Leading the latest edition of the ISMG Security Report: An analysis of how distraction tactics were used during a $10 million SWIFT-related hack at Banco de Chile. Also, a wrapup of Infosecurity Europe.
Banco de Chile has become the latest victim of a SWIFT-related malware incident. Attackers first corrupted thousands of PCs' master boot records as a distraction. Then they used fraudulent SWIFT messages to steal $10 million.
South Korean cryptocurrency exchange Coinrail says hackers stole 30 percent of all of the cryptocurrency tokens it was storing, but many have been successfully frozen or recalled. Security experts say cryptocurrency exchanges remain poorly secured, so they're popular targets for hackers.
Leading the latest edition of the ISMG Security Report: Our exclusive report on an Australian criminal investigation into a company that apparently swiped cryptocurrency using a software backdoor. Also, cutting through the hype on artificial intelligence and machine learning.
While some payment companies are strongly protesting the Reserve Bank of India's mandate that they store all data locally by October 15, portraying compliance as costly and impractical, others support the move as a way to ensure data is protected.
Australian police in Queensland are pursuing a criminal investigation into what may be one of the first instances of a company swiping cryptocurrency using a software backdoor after a business deal went bad.
Experts have long warned that bitcoin is not as private as it appears. The very design of bitcoin, as well as some other virtual currencies, can lend a surprising amount of information about the groups using it to transact. In fact, it's sometimes easier to track than if criminals used the banking system.
Leading the latest edition of the ISMG Security Report: Cybersecurity expert Brian Honan provides insights on why organizations that are not yet compliant with GDPR need to focus on several key steps. Also: An assessment of the progress women are making in building careers in information security.
A group of cybercriminals known for their persistence and precision in executing attacks against banks' ATMs and card processing infrastructures has regrouped despite the arrest of their alleged leader.
Calling Grant West "a one man cybercrime wave," a British judge sentenced him to serve more than 10 years in prison after he admitted to hacking into businesses, spoofing 100 organizations via phishing campaigns and earning profits in bitcoins from the sale of stolen personal details.
Compliance with the EU's General Data Protection Regulation, which is now being enforced, will be tougher for large organizations in the payments sector because they have huge volumes of data, says Swati Sharma, a security specialist at British Telecom.
As Japan continues it push toward digital transactions, it's taking steps to ensure security, including adopting the PCI Data Security Standard, says Jeremy King, international director of the PCI Security Standards Council, who offers an update.
To secure India's growing digital payments ecosystem, it's vital to have comprehensive regulatory guidelines as well as a threat sharing platform, according to a new report by the Data Security Council of India and PayPal.
Leading the latest edition of the ISMG Security Report: Years of massive data breaches have fueled an increase in synthetic identity fraud, in which fraudsters combine real and bogus details to create more effective fake identities. Plus, has "The Dark Overlord" hacking group finally met its match?