Britain's Information Commissioner's Office announced this week a dramatic reduction in its fine against British Airways for violating the EU's General Data Protection Regulation. The company will pay a $26 million fine instead of $238 million in a case tied to a 2018 breach.
The Joker's Stash darknet marketplace has posted a fresh collection of 3 million credit cards that are likely related to a breach of the Dickey's Barbecue Pit chain of franchised restaurants, according to Gemini Advisory.
Criminals have been seeking innovative new ways to steal cash from ATMs. In the U.S., there has been a surge in physical attacks, while Europe has seen a sharp increase in "black box" attacks designed to make ATMs dispense cash on demand.
While digital banking has been a buzzword in Bangladesh's banking sector, only a few banks have embarked on the digital journey with proper security, says Rahel Ahmed, managing director and CEO of Prime Bank in Bangladesh, who outlines essential steps.
Singapore has launched an IoT cybersecurity labelling program intended to improve the baseline security of internet-connected consumer products. The program is voluntary, but Singapore eventually intends to make it mandatory.
The latest edition of the ISMG Security Report analyzes a new report that labels ransomware as the No. 1 cybercrime threat. Also featured: A former FBI agent offers an update on "disruptionware" attacks; how Tesla's autopilot is tricked by phantom images.
As ransomware continues to slam organizations, a lively debate has ensued about whether ransom payments should be banned in all cases. Attempting to ban ransom payments, however, likely would only make the problem worse.
A newly identified financially motivated threat group, dubbed "FIN11," is deploying Clop ransomware and exfiltrating data from its targets for extortion efforts, according to researchers at FireEye Mandiant.
Yes, a CISO must be technologist and a business risk leader. But more than ever, a CISO also must be a bit of a counselor, says Mark Eggleston, chief information security and privacy officer of Health Partners Plans, who puts mental health support atop his own list of key responsibilities.
A hacking group with suspected ties to Iran's government is again targeting universities in the U.S. and around the world, according to researchers with security firm Malwarebytes. "Silent Librarian" typically attempts to steal intellectual property.
Banking institutions are seeing a significant spike in multi-channel financial crimes. But Duncan Ash and Julio Gomez of Splunk say data and analytics can be key differentiators in the effort to protect sensitive financial data.
To help prevent merchant refund fraud, ecommerce firms must carefully track all data from the time a transaction is initiated until returned items are received at the warehouse, says Karisse Hendrick, an independent ecommerce fraud consultant.
Cybercrime wouldn't exist as we know it today without there being a multitude of technologies and services that criminals have been able to turn to their advantage, and cryptocurrency is one of the prime examples, especially when it comes to ransomware, darknet markets and money laundering.