Losses to fraud reported by Britain's financial services sector exceeded $1.5 billion in 2022, declining by 8% from 2021, says trade association UK Finance. About 40% of losses tied to authorized push payment fraud, in which victims get tricked into transferring funds to attackers.
Online sports retailer Sports Warehouse has agreed overhaul its security program and pay a $300,000 fine to New York State after hackers stole 20 years' worth of payment card data and customer information the company was storing in plaintext on its e-commerce server.
Check fraud is back although, technically, it never went away. Today, cybercrime groups are openly hawking fraudulent check schemes on the Telegram messaging app. Check fraud is easier and more accessible, and it’s back in the headlines. Experts say banks need to adopt new solutions to curb losses.
An insurance provider that services many state Medicaid agencies and the Children's Health Insurance Program told regulators that hackers compromised the personal and protected health information of nearly 9 million patients in an incident discovered in March.
Australian consumer lender Latitude Financial Services anticipates its spring cybersecurity incident will cost it up to AU$105 million, which includes a five-week period during which debt collection systems were severely affected by the attack.
Expel, CrowdStrike and Red Canary held steady atop Forrester's MDR rankings, while Secureworks and Binary Defense tumbled from the leaders category. Providers have turned their attention from maximizing their efficacy at detecting ransomware to finding faster and better ways to respond to attacks.
Digital rights organizations detected Pegasus spyware on the devices of members of Armenian civil society during the outbreak of armed conflict over a disputed region in the South Caucasus region. Access Now called the infections the first known instance of Pegasus spyware use during war.
An upstate New York medical specialty practice has reported to regulators that the information of nearly 224,500 employees and patients was compromised in a hacking incident discovered in March. Ransomware group RansomHouse claims to have downloaded 2 terabytes of the entity's data.
ChatGPT will continue to operate inside the European Union despite warnings from OpenAI CEO Sam Altman that he's prepared to pull out from the bloc if he doesn't like regulations being prepared in Brussels. European lawmakers earlier this month proposed new obligations for AI models such as GPT.
Britain's privacy watchdog has seen a surge in data breach reports from outsourcing giant Capita's customers tied to two incidents: a March hack attack by a ransomware group against Capita and one of the company's Amazon Web Service buckets being left unsecured for six years.
In the latest weekly update, ISMG editors discuss top takeaways from Ukraine's cyber defense success, how a European regulator suspended Facebook data transfers to the United States, and the state of the EU General Data Protection Regulation on its five-year anniversary.
Security researchers discovered an Iran-linked APT group carrying out a new chain of ransomware attacks against Israeli organizations. Check Point said attackers surprisingly carried out most of the activity manually over RDP but warned they are growing better at coding malware and using tools.
German prosecutors on Monday indicted four executives of insolvent commercial spyware firm FinFisher for illegally exporting their hacking tool to Turkey. The indictment comes as a European Parliament committee concluded an investigation of bloc members' use of commercial spyware.
The American Hospital Association is urging federal regulators to back off from recent guidance that treats patient IP addresses as protected health information, saying that the new rules would "reduce public access to credible health information" and create hardships for doctors and hospitals.
A new OAuth-related vulnerability in an open-source application development framework could expose Facebook, Google, Apple and Twitter users to account takeover, personal data leakage, identity theft, financial fraud and unauthorized actions on other online platforms, security researchers said.