The Federal Police of Brazil arrested a lead suspect behind a December 2021 incident that temporarily disrupted access to novel coronavirus vaccination data. The suspect, arrested in the city of Feira de Santana, is an alleged member of the multinational and teenager-dominated Lapsus$ hacking group.
Fraudsters are using tried-and-true tactics such as check washing as well as Zelle scams and a host of insider threats to scam banks and their customers. Frank McKenna, chief fraud strategist at Point Predictive and author, explains why fraud is on the rise and the steps banks can take to stop it.
The latest edition of the ISMG Security Report discusses how Russian-speaking ransomware gangs have their eyes on a new target, offers the latest on Australia's data security reckoning and the government’s response, and outlines emerging trends in customer identity and access management.
Hacking capabilities once reserved for nation-states are filtering down to the level of crimeware, warns Kaspersky researcher Sergey Lozhkin. Darknet forums are filled with self-taught hackers selling advanced capabilities for a good price, he says.
A European ring of auto thieves used software branded as a diagnostic tool to perform fobless thefts of cars made by two French manufacturers. It looks as if the thieves found a vulnerability in the electronic control unit governing the authorization of new key fobs.
In the latest "Proof of Concept," Lisa Sotto of Hunton Andrews Kurth LLP and former CISO David Pollino join ISMG editors discuss the first California consumer protection fine issued against retailer Sephora, defending against new ransomware tactics, and mitigating the impact of Zelle scams.
Australian health insurer Medibank Group says it has found no evidence of data compromise following its Wednesday detection of unusual network activity. The company, which serves nearly 4 million Australians, restored access to its policy websites on Friday.
In the latest weekly update, ISMG editors discuss the trending themes from the 2022 ISMG Southeast Summit, plans by cryptocurrency exchange Binance to implement security measures to shore up cross-chain vulnerabilities, and the viability of a proposed data flow agreement between the U.S. and Europe.
The latest ISMG Security Report examines whether banks should be held liable for the rapidly increasing Zelle fraud problem, explores the latest M&A activity among IAM vendors, and discusses the implications of the new legal framework for personal data transfers between the U.S. and Europe.
Both internal and external fraud are expected to grow as economic conditions worsen. Fraud education expert Andi McNeal shares insights on what anti-fraud practitioners are expecting over the next year, the types of fraud to watch out for and how to mitigate fraud risks.
Business Email Compromise (BEC) losses are up 51% year-over-year according to the FBI Crime Report. Additionally, Ransomware is surging, with more than double the number of incidents reported. It takes a defense-in-depth approach to reduce the risk of these popular threats. By understanding the current threats and...
In the latest weekly update, ISMG editors examine the story of a Maryland couple facing charges for giving military medical records to Russia, the sentencing of a former Seattle tech worker for her massive Capital One hack, and why David Hatfield resigned as co-CEO of cloud security vendor Lacework.
Police arrested a teenager in his suburban Sydney home for allegedly attempting to extort AU$2,000 from victims of the Optus data breach. The unnamed 19-year-old allegedly threatened to conduct financial crimes using the information of 93 individuals unless he received a payout.
A cybersecurity incident at Chicago-based CommonSpirit Health, a system of 1,500 healthcare sites across 21 states and one of the nation’s largest nonprofit healthcare systems, is disrupting medical care after the healthcare system took offline some of its electronic health records systems.
Paige Thompson, the Capital One hacker known as "erratic," was sentenced to time served and five years of probation following her June conviction in U.S. federal court. The five-time felon exploited a weakness in web application firewalls on AWS accounts to steal data of 100 million individuals.