The section chief of the FBI's Cyber Division says "the FBI does not condone payment of ransom," in part because it enables criminals to victimize others. Instead, the bureau continues to urge all potential victims to get their IT house in order.
Following the theft of $81 million from Bangladesh Bank, is it time for banks to make SWIFT money transfers less automated and better supervised and thus secure? An alleged scam from the days of telex machines and code books offers useful perspective.
Despite continued efforts to shore up security to protect payment card data and other financial information, the U.S. financial services and retail sectors had more data breaches in 2015 than any other business sectors worldwide, according to Verizon's latest Data Breach Investigations report.
In an alert to banks, SWIFT warns that it's seen repeat attempts by hackers to subvert its messaging system, which banks around the world use to move money. It's released a "mandatory" software update to help customers identify signs of attack.
The online heist of $81 million from Bangladesh Bank involved custom malware that hacked the database used by the bank's SWIFT software, allowing attackers to transfer money and hide their tracks, according to BAE Systems Applied Intelligence. SWIFT will issue software updates and security guidance to all customers.
Like last year's breach of the online dating site Ashley Madison - tagline: "Life is Short. Have an Affair." - this year's release of the "Panama Papers" is holding individuals accountable for actions which, if not always illegal, in many cases appear to have at least been unethical.
Epic Systems' successful lawsuit against India's Tata Consultancy Services raises many security questions. For example, why did Epic find out about the allegedly inappropriate downloading of trade secrets from an external whistleblower, rather than as a result of internal detection efforts?
What could be worse than a ransomware infection? How about getting infected by "torture ransomware" that uses a sadistic puppet to taunt you, slowly deleting your encrypted files while increasing the ransom demand until you pay?
Attackers have been exploiting JBoss application servers to install remote-control web shells as part of a campaign that targets enterprises with network-hopping SamSam (a.k.a. Samas) ransomware, researchers at Cisco Talos warn.
Apple's QuickTime media player and web browser plug-in should be immediately expunged from all Windows systems, security experts warn, in a reminder of the dangers of using outdated software - especially web browser plug-ins.
Enacting legislation to compel tech companies to help law enforcement decrypt data on mobile devices would diminish America's standing as a moral leader in the world, a nation looked up to by billions of people, even with our many flaws.
The scant - if not conflicting - details and sourcing attached to a recent news report on how the FBI cracked an iPhone 5c have left information security experts questioning both technical details and related agendas.
The massive 'Panama Papers' leak demonstrates how law firms are at risk from internal and external attackers seeking to access confidential information. Experts offer insights on how these firms, and others, can better defend their clients' secrets.
Today's distributed enterprise faces two key challenges: Provide top-notch cybersecurity and ensure a seamless user experience. Paul Martini, CEO and co-founder of iboss Cybersecurity, discusses a new strategy designed to meet both goals.