Financial services firms in Africa are becoming bigger cyber targets as they expand into new mobile payment and financial inclusion products. Rob Dartnall of Security Alliance explains why these firms need to invest in information sharing, training and new cybersecurity practices to avoid breaches.
Australia's Optus telco is facing a $1 million extortion demand to prevent the release of up to 11.2 million sensitive customer records. The data appears to be legitimate. The attacker tells Information Security Media Group an unauthenticated API led to the breach.
Researchers uncovered a never-before-seen advanced threat actor dubbed Metador targeting telecommunications, internet service providers and universities in several countries in the Middle East and Africa for cyberespionage. They found two different Windows-based malware platforms.
In the latest weekly update, ISMG editors discuss the industrywide implications of a teenager hacking into Uber's internal systems, key trends in the new Gartner SD-WAN Magic Quadrant report, and how ethics and security culture are center stage due to recent CISO revelations at Uber and Twitter.
A criminal investigation is underway into a breach at Optus, Australia’s second-largest telecommunications company. Optus' CEO says the company will notify those affected. It's unknown so far who perpetrated the attack, and the data has not appeared on the dark web.
Credit card giant Capital One is moving past its 2019 hacking incident as federal regulators stop requiring quarterly updates on efforts to improve cybersecurity and a federal judge signs off on a $190 million settlement in a proposed class action lawsuit.
Australian telecommunications giant Optus is warning that current and former customers' personal details were exposed, including some driver's license and passport details, but no passwords or financial details, after it suffered a major data breach.
Uber is fingering adolescent extortion hacking group Lapsus$ for the disruption to its internal systems. A self-proclaimed 18-year-old last week spammed the company with vulgar messages and shared online screenshots of the company's cloud storage and code repositories. The FBI is investigating.
In the latest "Proof of Concept," David Pollino, former CISO of PNC Bank, and Ari Redbord, head of legal and government affairs at TRM Labs, join ISMG editors to discuss ethical concerns for CISOs, cryptocurrency regulations, and potential foreign interference in the U.S. midterm elections.
The LockBit group has paid the first payment of $50,000 as part of its bug bounty program for researchers willing to aid in cybercriminality. The group had announced that it will pay individuals who find exploitable vulnerabilities in the software it uses to maliciously encrypt files.
Password manager LastPass says the attackers behind the August security incident had access to its systems for four days. LastPass CEO Karim Toubba, sharing details about last month's breach, confirms that there is no evidence of any threat actor activity beyond the established timeline.
SandboxAQ bought French vendor Cryptosense to help organizations migrate and defend key stores and hardware security modules using post-quantum cryptography architecture. Combining SandboxAQ's network scanning capabilities with Cryptosense's visibility will help firms discard RSA-based encryption.
Four editors at Information Security Media Group analyze private-public partnerships today, preview ISMG's upcoming cybersecurity summit in Africa and discuss the increasing use of intermittent or partial encryption by ransomware gangs as a means to extort money from victims faster.
Uber is probing a hack attack after an intruder appeared to breach multiple internal systems, using the company's Slack messaging app to announce: "I am a hacker and Uber has suffered a data breach." The ride-hailing service has taken multiple systems offline while it investigates.
Dain Drake was CEO of a steel fabrication factory. In June 2019, Drake found himself standing outside a closed adult boutique in Houston at 10:00 a.m. on a Sunday. He called the owner and pleaded for him to come. He needed something inside, which might just save his business - from ransomware.