Vodafone is disputing a Bloomberg report that security vulnerabilities and backdoors within Huawei networking equipment could have allowed unauthorized access to its fixed-line carrier network in Italy. The report comes as Huawei continues to face concerns over its engineering practices and government ties.
Cybercriminals have stolen customer data from Citycomp, a German IT company whose clients include Oracle, Volkswagen, Airbus, Ericsson, Toshiba British Telecom and many others. After Citycomp didn't pay a ransom, the hackers posted the data online.
Russian national Anton Bogdanov has been charged with stealing more than $1.5 million from the Internal Revenue Service via a tax return fraud scheme. He was arrested last November while on vacation in Thailand, at U.S. request, and subsequently extradited.
The good news is: The development of new malware exploits has slowed considerably. The bad news is: That's because the old ones still continue to work so effectively. Adam Kujawa of Malwarebytes Labs talks about the evolution of ransomware and other successful exploits.
The latest edition of the ISMG Security Report describes how a Facebook Marketplace glitch created serious privacy issues. Plus: An update on the activities of the FBI's Recovery Asset Team and HSBC whistleblower Everett Stern's preview of keynote address at upcoming ISMG Fraud and Breach Summit in Chicago.
TA505, a sophisticated advanced persistent threat group, is now using legitimately signed certificates to disguise malware that can penetrate banking networks, security researchers warn in a new report.
The director of Britain's GCHQ intelligence agency said at this week's CyberUK conference that declassifying and putting "time-critical, secret information" for stopping online threats into the public's hands "in a matter of seconds" is an imperative.
For the first time, members of the secretive "Five Eyes" intelligence-sharing group will make a joint public appearance to discuss how they collaborate, sharing a stage in Glasgow, Scotland, during the CyberUK conference. The Five Eyes alliance comprises Australia, Canada, New Zealand, the U.K. and U.S.
Everett Stern, the whistleblower who called attention to HSBC's international money laundering activities, which ultimately resulted in a $1.9 billion fine, says the crackdown on financial fraud still has a long way to go. He'll be the keynoter at ISMG's Fraud and Breach Summit in Chicago on May 14.
Known for targeting banks and ATMs in Russia and other Eastern European countries, the "Silence" gang apparently is now expanding into other regions, using a combination of custom malicious tools and "living-off-the-land" techniques, researchers report.
Fraud, e-hustles and social engineering attacks continues to proliferate, the FBI's latest report into the state of internet crime confirms. But over the past year, a new FBI tactic for quickly stopping fraudulent wire transfers has notched notable successes.