The U.S. Securities and Exchange Commission has charged seven individuals and two organizations with being part of an international scheme that hacked the SEC's EDGAR document system, stole nonpublic corporate information and used it to illegally earn $4.1 million via insider trading.
Organizations in all sectors struggle with mitigating the insider threat, but it's an acute concern in healthcare, where patients' lives are at stake. Pete Nourse of Veriato outlines specific threats to this sector.
As the threat landscape evolves, it becomes a game of survival of the fittest. Only the best attacks and attackers remain standing, and the result is a series of targeted ransomware attacks that now cost global enterprises millions of dollars per year. This is among the important findings of the Sophos 2019 Threat...
Once again, a supposedly secure service allegedly marketed to criminals has proven to have limits. Dutch police have busted a "cryptophone" operation, allowing them to decrypt more than 258,000 encrypted chat messages, leading to a drug lab bust, 14 arrests and the seizure of cash, drugs and weapons.
The U.K.'s data protection regulator has fined Bupa Insurance Services £175,000 ($228,000) for failing to stop an employee from stealing 547,000 customer records, which were later offered for sale on the dark web. The ICO found that the health insurer's CRM system lacked adequate security controls.
Education plays a critical role in any program designed to combat insider threats, says Christopher Greany, head of group investigations at Barclays. He'll discuss how to start an insider threat program in a presentation at Information Security Media Group's Security Summit: London, to be held Oct. 23.
Massive, well-resourced companies are still using live customer data - including their plaintext passwords - in testing environments, violating not just good development practices but also privacy laws. That's yet another security failure takeaway from last year's massive Equifax breach.
The EU's General Data Protection Regulation, which has tough breach notification requirements, is spurring global interest in technologies to help prevent insider breaches, says Tony Pepper of Egress Software Technologies.
Forty-eight percent of customers drop the products and services of organizations that have had a publicly-disclosed data breach. This is but one of the findings of the new 2018 Global State of Online Digital Trust study commissioned by CA Technologies. CA's David Duncan analyzes the results.
Randy Trzeciak, director of the CERT Insider Threat Center at CMU, says he's frequently asked: "Haven't we solved the insider threat problem?" Far from it, he responds. In fact, he's helping many organizations start insider threat defense programs. He'll be a speaker at ISMG's New York Security Summit.
An Equifax software engineer has settled an insider trading charge with the U.S. Securities and Exchange Commission after he allegedly earned $77,000 after he made a securities transaction based on his suspicion that the credit bureau had suffered a data breach.
Behavioral analytics have taken the fast lane from emerging tech to mature practice. And Mark McGovern of CA Technologies says the technology is being deployed in innovative ways to help detect insider threats.
Electric car manufacturer Tesla has sued a former employee for sabotage, alleging that he "unlawfully hacked the company's confidential and trade secret information" and gave it to third parties while leaving a trail designed to implicate other employees. The ex-employee, however, claims he's a whistleblower.