The U.S. Department of Justice, in one of its biggest-ever cybercrime disruptions, shuttered the Infraud Organization, an online forum prosecutors tied to $530 million in losses. Thirteen suspects - in Australia, France, Italy, Kosovo, Serbia, the U.K. and the U.S. - have been arrested.
Uber CISO John Flynn tells a U.S. Senate subcommittee that the company should have told the public sooner about its 2016 data breach. He says the company's attempt to position its $100,000 payoff to hackers as a bug bounty was not appropriate.
Concerns are already being raised about a law passed by Singapore's parliament Monday that establishes an information sharing platform by appointing a commissioner of cybersecurity to obtain confidential information from owners of critical information infrastructure about their security postures.
A hacking team dubbed "Group 123" with apparent ties to the government of North Korea has been exploiting a zero-day vulnerability in the Flash browser plug-in, likely to hack high-value targets. Adobe has released an emergency Flash update with security fixes. Or organizations could simply stop using Flash.
As banks in the U.S. and Australia grapple with how to effectively launch faster payments, more will turn to big data and machine learning to help better manage expected upticks in fraud, says cybersecurity specialist John O'Neill Jr. of DarkTower.
The Department of Justice has charged two men, arrested in Connecticut near the scene of a jackpotting attack against a drive-up ATM, with bank fraud stemming from a malware attack. Police say they recovered $9,000 in $20 bills, as well a black box and other equipment from the suspects' car.
Apple and Cisco say they've partnered with insurers Aon and Allianz to offer cyber insurance policies for organizations that meet best security practices and use products from the technology companies. The partnership follows increasing interest in cyber insurance as a hedge against hacking risks.
Russian citizen Peter Levashov, arrested last year while vacationing in Spain, appeared Friday in U.S. federal court to face charges that he owned and operated the Kelihos botnet and distributed spam, banking Trojans and ransomware for profit. Levashov has pleaded not guilty.
Lauri Love, a British man accused of 2012 and 2013 hack attacks against U.S. government computers - including systems operated by the Federal Reserve, U.S. Army and NASA - has won his legal bid to quash a U.S. extradition request. But he still faces a potential trial in England.
More organizations in the APAC region that are taking advantage of cloud-based services are demanding cloud security access brokers capabilities for better visibility and data security, says Sid Deshpande, principal analyst at Gartner.
Blockchain technology already underpins the boom in cryptocurrencies, but it is also being rigorously tested and developed for other applications, including identity and access management. Such projects could make personal data easier to secure and less vulnerable to data breaches.
Orwell got it wrong: People are less likely to surrender their privacy to a totalitarian state than to the lure of sharing holiday snaps, cat videos or the route and time they took for their latest cycling, jogging or kiteboarding outing, as captured by a wearable fitness device.
The booming interest and sometimes surging values of cryptocurrencies are drawing the interest of cybercriminals on a scale never seen before - including attacks aimed at trying to steal computing power to mine cryptocurrency.