French film production and distribution company Pathe fired the two senior managers overseeing its Dutch operations after they fell victim to a business email compromise scam and approved $21 million in transfers to fraudsters. Many organizations remain at high risk from such scams.
Manufacturers need to change their approach to securing internet of things devices, says Aloysius Cheang, executive vice president for Asia Pacific at the Center for Strategic Cyberspace + Security Science, a U.K.-based think tank, who describes what needs to be done.
Rather than creating a new commission to take the lead role on data security, the government of India is giving the Telecom Commission that role and renaming it the Digital Communications Commission, making it a primary custodian of citizens' data.
As the pace of technology innovation continues to quicken - including the ability to make payments via everything from Alexa to Facebook Messenger - risk-based security is imperative to maintain a frictionless customer experience, says Tim Ayling of Kaspersky Lab.
Singapore's Integrated Health Information Systems, or IHiS, has announced a slew of measures to help strengthen cybersecurity across the nation's public healthcare system. But security experts say it will be critical for the agency to monitor whether its steps are actually proving to be effective.
An analysis of a crackdown on criminals' use of encrypted communications leads the latest edition of the ISMG Security Report. Also: a preview of ISMG's Healthcare Security and Legal & Compliance summits, including expert insights on vendor risk management.
Once again, a supposedly secure service allegedly marketed to criminals has proven to have limits. Dutch police have busted a "cryptophone" operation, allowing them to decrypt more than 258,000 encrypted chat messages, leading to a drug lab bust, 14 arrests and the seizure of cash, drugs and weapons.
HSBC Bank is warning some of its U.S. customers that their personal data was compromised in a breach, although it says it's detected no signs of fraud following the "unauthorized entry." Security experts say the heist has all the hallmarks of a credential-stuffing attack campaign.
Pakistan says the nation's banks have not been hacked, but adds that they are taking defensive steps after nearly 20,000 payment card details appeared for sale online. The State Bank of Pakistan says banks are implementing restrictions on international transactions.
Many of the devices that go into so-called smart cities and buildings are not built to be secure, making it difficult for security operations centers to manage risk, warns Sarb Sembhi, CTO and CISO of Virtually Informed, who describes what needs to change.
Symantec has announced not one but two acquisitions of private cybersecurity firms: Javelin Networks and Appthority. Meanwhile, a private equity firm announced that it will acquire application security testing firm Veracode from Broadcom for $950 million in cash.
Georgia quietly fixed two flaws in its voter registration website that could have exposed personal information. How the secretary of state's office discovered the flaws and reacted suggests it may have erred when making a sensational accusation against the Democrats on the eve of the U.S. midterm elections.
With the U.S. midterm elections occurring on Tuesday, the "trump" keyword remains king for spammers. "Spam campaigners understand the value of brands, and for spam as for ballots, and whether for or against, the election is all about Trump," security firm Proofpoint says.
Criminals wielding crypto-locking ransomware - especially Dharma/CrySiS, GandCrab and Global Imposter, but also SamSam - continue to attack. Insurance firm Beazley says cyber claims for ransomware have increased in recent months, with the healthcare sector hardest hit.
Georgia's Republican gubernatorial candidate has accused the state's Democratic Party of attempting to hack the state's voter registration database. The accusation, from Brian S. Kemp, is complicated by his also being the state's current secretary of state, supervising election infrastructure and security.
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