Between July 14 and 20, senators introduced a bill to address DeFi risk, Nasdaq held back crypto custody plans, DeFi hackers laundered lesser amounts of stolen funds in the first half of this year than in H1 2022, and an Australian bank blocked payments to high-risk crypto exchanges.
Kevin Mitnick, the self-described "world's most famous hacker" - thanks in no small part to his being featured on the FBI's Most Wanted list during a two-year manhunt - has died at the age of 59. After serving time in prison, Mitnick went legit, warning others about the dangers of social engineering.
Unnecessary cyber alerts are a threat that can overwhelm defenders, leading to burnout and reduced efficiency within the team. Chris Waynforth, vice president and general manager at Expel, said adopting automation solutions to filter and prioritize alerts allows for more effective incident response.
Brazil's instant payment system, PIX, is second only to India's UPI in number of transactions. As the United States prepares for the launch of FedNow, GFT's Carlos Kazuo Missao shares his experience with PIX and some important lessons U.S. banks can learn from Brazil.
While self-proclaimed Russian hacktivist groups such as KillNet, Tesla Botnet and Anonymous Russia claim they're wreaking havoc on anti-Moscow targets, a fresh analysis of their attacks finds that despite rampant self-promotion, their real-world cybersecurity impact is typically negligible.
The Biden administration on Tuesday initiated a nationwide cybersecurity certification and labeling program aimed at helping consumers choose smart devices that offer enhanced protection against hacking risks. Products will have a QR code and follow NIST standards.
Microsoft customers will gain access to expanded cloud logging capabilities at no additional cost just days after lower-level customers were unable to detect a Chinese cyberattack. CISA has identified several security logs - critical to detect and prevent threat activity - that currently cost extra.
The Ukrainian Cyber Police dismantled yet another large-scale bot farm spreading Russian propaganda over social media. Cyber police seized nearly 150,000 SIM cards of different mobile operators used in the campaign to create fake social media profiles.
The Russian Turla hacker group has targeted the Ukrainian defense sector and other Eastern European entities with a novel backdoor, dubbed DeliveryCheck, to deploy secondary payloads likely used for espionage, according to security researchers at Microsoft.
Top U.S. and Australian cybersecurity agencies strongly urged users to patch a critical zero-day flaw in Citrix ADC and Gateway appliances being exploited by unnamed threat actors in the wild. The bug, which is tracked as CVE-2023-3519, gives unauthenticated attackers RCE privileges.
The U.S. government has added two more commercial spyware vendors - Cytrox and Intellexa - to its list of organizations that face restrictions if they attempt to procure American goods or services, owing to the firms' "threatening the privacy and security of individuals and organizations worldwide."
Product security is the other half of the security picture. While IT security focuses on an internal audience, product security teams must respond quickly to issues identified by customers and researchers. Quentyn Taylor of Canon EMEA discussed the value of product security programs.
Many critical infrastructure sector organizations, especially smaller entities, will likely struggle to comply with an upcoming requirement to report cyber incidents to federal regulators within 72 hours - due to an assortment of reasons, said Stanley Mierzwa of Kean University.
China poses a growing threat to U.S. electric infrastructure and could potentially disrupt the power grid, gas and pipeline systems by exploiting compromised equipment and harnessing emerging artificial intelligence technologies for cyberattacks, experts told Congress on Tuesday.
Spanish law enforcement officers scored several recent wins against cybercriminals this month. Police nabbed a Ukrainian hacker on the run for 10 years, arrested a fraudster known to have run a smishing campaign that amassed 1.2 million euros, and broke up a phishing nexus - all in two weeks.
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