In financial services, there is a stark difference between defending against authorized versus unauthorized fraud incidents. James Hunt of Bottomline Technologies discusses the schemes and how to respond with a more dynamic prevention strategy.
The Lazarus Group, a North Korean hacking operation also known as Hidden Cobra, is deploying TFlower ransomware, using its MATA malware framework, security firm Sygnia reports.
A new malware loader dubbed "Gootloader" is using search engine optimization techniques to spread ransomware, Trojans and other malware, the security firm Sophos reports.
The cryptocurrency company Tether has refused to pay a ransom of 500 bitcoins ($24 million) after hackers threatened to leak sensitive data if the company failed to pay.
The mobile channel saw great user adoption in 2020 – and it saw a corresponding increase in fraud incidents. Tim Dalgleish of BioCatch discusses mobile fraud trends and the role of behavioral biometrics in enhancing user authentication.
In this interview with ISMG, Dalgleish discusses:
Mobile adoption and fraud...
Cyberattacks can cause devastating
business disruptions and lead to
financial losses reaching hundreds
of millions of dollars.
The World Economic Forum’s 2020 Global Risk Report ranked
cyberattacks causing disruption to operations and critical infrastructure
among the top five increasing global risks....
Cyber-criminals have become thoughtful about ransomware attacks; taking time to maximize your organization’s potential damage and their payoff. Protecting your network from this growing threat is more important than ever. And nobody knows this more than Roger Grimes, Data-Driven Defense Evangelist at KnowBe4.
...
Jamil Farshchi has been there. As CISO of Equifax, he knows what it’s like to be a victim of a high-profile cyberattack. And he knows breached companies have a choice: "Are they going to be a force for good by helping the rest of the industry learn from their experience?"
Prolific Ryuk ransomware has a new trick up its sleeve. "A Ryuk sample with worm-like capabilities - allowing it to spread automatically within networks it infects" was recently discovered during an incident response effort, warns CERT-FR, the French government's computer emergency response team.
A cryptomining botnet campaign is using bitcoin blockchain transactions to hide command-and-control server addresses and stay under the radar, defeating takedown attempts, according to security firm Akamai.
Ransomware continues to sting numerous organizations, and the problem only seems to be getting worse. More than ever, the onus is on potential victims to ensure they have essential defenses in place - and if possible, to proactively hunt for attackers who may already be inside their network.
Microsoft is making available the CodeQL queries it used to detect malicious implants in the massive supply chain attack that affected SolarWinds, tech firms and government agencies.
The combination of governmental financial support driven by “high unemployment, business insolvency, and disruptions in global
trade patterns” + increased online and remote banking has led to a spike in
financial fraud.
Heightened risks made it harder to comply with requirements to combat financing terrorism...
Hackers could manipulate certain digitally signed PDF documents to add malicious content, according to a study by researchers at Germany's Ruhr University of Bochum.
The Senate Intelligence Committee's hearing about the supply chain attack that affected SolarWinds and dozens of other companies and federal agencies answered some questions about what went wrong but also raised four key issues.
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