Mastercard says that starting in 2024, banks and other institutions that issue its credit and debit cards will no longer need to include a magnetic stripe on the back, and that by 2033, m
agnetic stripes will be extinct. Given magnetic stripes' many security downsides, what's taken so long?
As ransomware-as-a-service operations continue to compete for affiliates, the operators behind LockBit have unveiled a new version of their crypto-locking malware boasting fresh features, some borrowed from rivals. Separately, a relatively unsophisticated newcomer called Hive has debuted.
The latest edition of the ISMG Security Report features an analysis of the cybercrime-as-a-service model and how law enforcement could potentially disrupt it. Also featured: T-Mobile probes a massive data breach; tackling abuse in the workplace.
T-Mobile USA says its massive data breach is worse than it first reported: The count of prepaid and postpaid customers whose information was stolen has risen to 14 million. Also revised upward: its count of 40 million exposed credit applications from former customers and prospects.
T-Mobile USA has confirmed that its systems were breached and that details for 7.8 million current T-Mobile postpaid customers and 850,000 prepaid customers as well as records for 40 million individuals who applied for credit were stolen.
A Massachusetts man who used SIM swapping and other account takeover techniques to target business executives and steal more than $530,000 worth of cryptocurrency has pleaded guilty to several federal charges.
T-Mobile USA has confirmed that attackers accessed its computer systems, but the mobile communications provider is still investigating whether customers' personal data was exposed. Cybercrime experts say the attackers apparently involved have been tied to previous crimes targeting telecommunications since at least...
T-Mobile USA says it is investigating a claim that as many as 100 million accounts may have been compromised in a data breach. The person who claims responsibility for the alleged breach says T-Mobile misconfigured a Gateway GPRS Support Node.
Ukrainian police have shuttered several allegedly illegal cryptocurrency exchanges throughout the country that were processing about $1.1 million in virtual currencies each month. Officials say the exchange allegedly appeared to facilitate money laundering and had connections to Russia.
The hacker behind the $612 million breach of the blockchain-based Poly Network system has reportedly returned all stolen assets. Security experts have highlighted a critical vulnerability and a need for further DeFi security regulations.
Cybercriminals have developed a blockchain analytics tool on the darknet that could help a gang launder illegally obtained bitcoin, and they are actively marketing it, according to the cryptocurrency analytics firm Elliptic. The tool, however, is rated as not entirely effective.
This edition of the ISMG Security Report offers an analysis of how tractors manufactured by John Deere are at risk of being hacked. Also featured: a description of the infrastructure bill passed by the Senate that would boost cybersecurity funding and an update on the reboot of the AlphaBay darknet market.
The notorious AlphaBay darknet marketplace appears to be getting rebooted by "DeSnake," who claims to have been the security administrator for the previous iteration, which law enforcement officials took down in 2017. Whether buyers and sellers will trust it, or the site will survive any takedown efforts, remains to...