A federal judge in California has given final approval to a $115 million settlement involving health insurer Anthem over its 2015 data breach. The settlement is the largest ever reached in a data-breach related class action suit, but most victims will see no money.
Police in India have launched a formal investigation of a malware attack on a Cosmos Bank ATM server that enabled attackers to siphon off US$13.4 million. Security experts say the incident raises many questions.
An Australian teenager was such a fan of Apple that he hacked into the technology giant's mainframe, according to media reports. The teen has pleaded guilty to stealing 90 GB of sensitive information. But Apple says no customers' personally identifiable information was exposed.
The Cobalt cybercrime group is targeting as many banks as possible, which poses risks particularly for smaller, less protected institutions, says Tim Bobak, APAC executive director for Group-IB.
Cybercrime investigators will face increasing difficulties if bad actors begin accepting more privacy-centric cryptocurrencies rather than bitcoin, says Andrei Barysevich of Recorded Future.
The FBI warns that cybercriminals are planning a large-scale operation aimed at emptying ATMs, a type of attack that has caused swift and costly losses for financial institutions. The attack may utilize data from a breach of an unknown card issuer, the FBI says.
Much of the attention around Chinese hacking is directed toward advanced threat groups suspected to have links to China's government. But a new report shows that the nation's hacking goes far deeper, and there's a thriving scene that has adapted to an internet heavily controlled by the government.
Espionage: Every nation does it. But for nation-state hacking that targets intellectual property or interference in political affairs, the U.S. has been using criminal indictments against individuals as a diplomatic way of saying: "We see what you're doing, now knock it off." But does it work?
The FIN7 cybercrime gang regularly phoned victims, posing as buyers, to trick victims into opening phishing emails and attachments with malware, federal prosecutors allege. The group's success - 15 million stolen payment cards and counting - is one measure of how difficult these types of attacks are to block.
A federal jury has convicted a hacktivist who launched DDoS attacks in 2014 on Boston Children's Hospital and another local facility to protest a controversial child custody case.
Attackers have targeted a patched vulnerability to exploit more than 209,000 carrier-grade routers made by Latvian manufacturer MicroTik and infect them with two types of malware - Coinhive and Crypto-Loot - designed to mine for cryptocurrency, security researchers say.
Three Ukrainian men who were allegedly part of a hacking gang that stole more than 15 million payment card records from U.S. businesses, sold the data in underground markets and enabled at least $12.4 million in fraud have been arrested in Germany, Poland and Spain at the request of the U.S.
Tenable Research's analysis shows that how the race begins is a key indicator of how it will end. But, security teams have the power to reclaim the advantage by developing a risk-centric mindset and more agile vulnerability management.
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As phishing, ransomware, and social engineering attacks continue to get more sophisticated, we also see they no longer discriminate. Regardless of size, every organization is now vulnerable to cyber threats, making organization-wide security awareness training your key to resiliency.
Proactive security and IT...
For years, Brett Johnson dedicated his time to cooking up new ways to defraud individuals and enterprises. Now the convicted felon spends his time recounting his crime story for business and security leaders. He'll be a featured speaker at ISMG's Security Summit Aug. 14-15 in New York.
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