Attackers have stolen $23.5 million in cryptocurrency from Bancor, which is developing a decentralized exchange. The cause of the hack may have been a failure by Bancor to protect authentication keys that allowed for changes in its token smart contracts.
Aaron Sherman, who recently made the transition from serving as an FBI agent investigating cybercrime and nation-state threats to working at Braintrace on ways to improve detection and response efforts, shares insights on the career change.
A new kind of cyberattack that targeted financial institutions in Europe and Russia to steal nearly $100 million illustrates how threats are evolving, says Brian Hussey of Trustwave, who discusses mitigation steps.
As businesses change their key strategies, they must ensure they mitigate new risks that emerge, says Chris Testa of Cybereason. This must go beyond a defense-in-depth approach to include a plan for what to do when an inevitable intrusion occurs, he says.
Timehop, an application that revives older social media posts, says the lack of multifactor authentication on a cloud services account led to a data breach affecting 21 million users. The breach exposed names, email addresses, phone numbers and access tokens Timehop used to read information from accounts.
Stolen data is one thing - the consequences are obvious. But what if data is not stolen or leaked, but rather altered? What could be the damage? Diana Kelley of Microsoft discusses the emerging topic of data integrity and how to preserve it.
Australian medical booking platform HealthEngine offered AU$25 (US$19) gift vouchers to dental patients who sent photos of their treatment invoices to the company, which it positioned to patients as "invaluable" research. Privacy experts say the company may have fallen afoul of Australian privacy guidelines.
At the advent of real-time payments, it's more critical than ever for organizations to quickly authenticate users and transactions. And David Vergara of OneSpan says emerging tools build upon legacy technologies to ensure trusted identity with minimal friction.
It's a fair question: Can you trust the fraud advice you're given from a former fraudster? Especially one who's betrayed law enforcement before? Brett Johnson says he's abandoned crime for good, and he shares insight on the types of fraud schemes he once practiced.
Aite's Julie Conroy calls it a "perfect storm." In the post-EMV U.S., and in the wake of massive data breaches and the move to mobility, financial institutions are besieged by a new flood of new account fraud. How can data analytics help them improve fraud prevention?