Hackers have reportedly demanded a ransom from Bank of Montreal and Simplii Financial in exchange for not dumping 90,000 customers' account details on a fraud forum. The FBI says online extortion and ransomware remain the top two types of cybercrime it's seeing today.
Large data breaches make headlines, trigger stock price slips and often lead to executives getting fired. But security consultant Eric Pinkerton's study of breached businesses - including Ashley Madison, Equifax and Uber - finds that many organizations not only recover from breaches, but end up thriving.
Russian software firm Kaspersky Lab has been dealt a setback in its effort to overcome the U.S. government's ban on use of the firm's anti-virus software on federal systems. A judge has dismissed the firm's two lawsuits seeking to have the ban lifted.
Two of Canada's biggest banks are investigating claims by "fraudsters" that they accessed their customers' data. At risk: 50,000 Bank of Montreal customers and 40,000 Simplii Financial customers. Both banks say they've alerted potentially affected customers and plan to cover any losses.
Canadian citizen Karim Baratov has been sentenced to serve five years in U.S. federal prison after he admitted to hacking and identity theft charges connected to his working as "hacker for hire" for alleged Russian FSB officers, who have been tied to a massive 2014 breach of Yahoo.
A mental healthcare practice's decision to pay a ransom to have sensitive patient data unlocked illustrates the difficult choices that organizations can face when attempting to recover from a ransomware attack.
The European Union's new data protection enforcement is prompting a rethink about data handling in Australia, which has had a casual approach to privacy, says Brian Fletcher, Symantec's director of government affairs in Asia Pacific.
A group of cybercriminals known for their persistence and precision in executing attacks against banks' ATMs and card processing infrastructures has regrouped despite the arrest of their alleged leader.
Calling Grant West "a one man cybercrime wave," a British judge sentenced him to serve more than 10 years in prison after he admitted to hacking into businesses, spoofing 100 organizations via phishing campaigns and earning profits in bitcoins from the sale of stolen personal details.
The EU's General Data Protection Regulation has gone into full effect as of May 25, 2018. After a two-year grace period following the passage of the legislation, member states' data privacy watchdogs are now enforcing the strong privacy rules, which offer worldwide protection for Europeans.
A swift FBI sinkhole blunted an apparently imminent attack against Ukraine via "VPN Filter" malware, which has infected more than 500,000 routers. But mass router compromises will continue so long as manufacturers fail to build in easy or automated patching and updating, security experts warn.
At least 500,000 routers, mostly located in Ukraine, have been infected with "VPN Filter" malware that experts believe is a prelude to a massive cyberattack. But the FBI has sinkholed the control domain for the router botnet, which should help contain the potential damage.
The American Civil Liberties Union has launched a broadside against Amazon, warning that Amazon Rekognition - mixing big data, machine learning and facial recognition - could be abused by authoritarian regimes. Amazon has countered by saying that all users must "comply with the law."