It's been nearly seven years since HSBC was fined $1.9 billion by U.S. authorities for money laundering violations involving international drug cartels. But Everett Stern, the former employee who blew the whistle on the bank, continues to tell his story because he believes similar criminal activity is ongoing.
The Department of Homeland Security is warning that Chinese-made drones could be sending sensitive data back to their manufacturers, where it can be accessed by the government, according to news reports.
After the Trump administration last week blacklisted Huawei amid rising trade tensions, Google says it has canceled the Chinese smartphone giant's Android license. Many chipmakers and other technology firms have also said they will cease or at least pause the sharing of software, hardware and services.
Two years after WannaCry tore a path of destruction through the world, the ransomware remains a danger, with many systems still vulnerable to the EternalBlue or EternalRomance exploits that started it all.
Law enforcement agencies in the U.S. and Europe have disrupted a malware attack platform called GozNym. Six suspects have been arrested in four countries and face local prosecution on fraud, money laundering or malware-writing charges. Five Russian suspects remain at large.
A House panel has approved a measure designed to make sure Congress is informed when U.S. companies sell offensive cyber technologies to other nations' governments. The measure was introduced after a U.S. firm sold technologies to the United Arab Emirates that were used to target activists and journalists.
U.S. President Donald Trump on Wednesday signed a long-expected executive order that bans the purchase of telecommunication equipment from nations deemed to pose a spying risk. Also, Huawei was banned by the Commerce Department from buying U.S. components without obtaining a license first.
Fast Retailing, the parent company of several of Japan's biggest retail clothing chains, is warning customers of an attack that exposed email addresses and partial credit card information of more than 460,000 of the company's customers. The attackers apparently used credential stuffing techniques.
ScarCruft, a Korean-speaking APT group that has been targeting organizations mainly in Southeast Asia over the past three years, is developing new malware that targets Bluetooth-enabled devices, according to Kaspersky Lab.
Facebook is warning users of its WhatsApp messaging app to update immediately to fix a flaw that is being used to remotely install Pegasus surveillance software from Israel's NSO Group. WhatsApp says a "select number" of targets were hit by the attacks, which it has blamed on "an advanced cyber actor."
Over the past two years, the number of ransomware attacks against state and local government agencies has increased. But at the same time, these victims are paying less to attackers. A new analysis by threat intelligence firm Recorded Future asks: Why the discrepancy?
Attackers exploiting a buffer overflow in WhatsApp's signaling software to automatically infect devices with malware - without users even having to answer their phone - and then alter call logs to hide attack traces is "a bit of a nightmare scenario," says cybersecurity expert Alan Woodward.