Authorized payment scams are on the rise, and banking regulators are putting pressure on financial institutions to do more to protect customers. The biggest challenge is that the customers are driving the process, says Bradley Haacke, vice president and financial crimes director at Fifth Third Bank.
The latest edition of the ISMG Security Report analyzes why Meta has agreed to pay $725 million to settle a class-action lawsuit over users' personal data, how the median stock price dropped 40% among publicly traded security firms in 2022, and why an infrastructure change is needed in SOCs.
A member of a criminal data breach forum that tried to sell the email addresses of 400 million Twitter users to CEO Elon Musk last month has now posted the stolen data for anyone to download for free. The 63GB of data includes names, handles, creation dates, follower counts and email addresses.
Hundreds of U.S. counties continue to work with pen and paper after a cyberattack on their digital records management vendor last week disrupted methods to view, add and edit government records. The attack slowed the processing of birth certificates, marriage licenses and real estate transactions.
Acquiring Area 1 Security has allowed Cloudflare to extend its network protection capabilities from DDoS attacks to phishing emails, says co-founder and CEO Matthew Prince. Area 1's technology means customers will enjoy a better rate of detection with fewer false positives than legacy offerings.
The Irish Data Protection Commission has imposed a fine of 390 million euros against Meta Ireland for violating the General Data Protection Regulation related to user data processing. Meta confirmed it will contest the penalty, which targets ad personalization by Facebook and Instagram.
Rail and locomotive company Wabtec Corp. notified customers about a data breach that exposed some individuals' personal and sensitive information. Ransomware-as-a-service group LockBit posted the data on its leak site after the company refused to pay a $30 million ransom.
Airbus has once again expressed interest in Atos' $4.8 billion cybersecurity, big data and digital business - this time as a minority stakeholder, Les Echos reports. The Dutch aircraft manufacturer has started exploratory talks to take a noncontrolling interest in Atos' Evidian business.
Arizona has long been a leader in leveraging IT and providing digital services, but across the state and country alike, new challenges are emerging in the wake of the pandemic, and with them come new threats and risk factors, including remote work security, says Ryan Murray, deputy state CISO.
Britain's The Guardian newspaper has asked staff to continue working from home until Jan. 23 as the company continues to resolve issues with its network, which was compromised by ransomware hackers in December. The attack affected on-premises infrastructure but left cloud-based systems unscathed.
The U.S. attorney in New York has established a task force to trace and recover funds missing from FTX and manage probes related to the firm's collapse. The team comprises prosecutors with expertise in securities and commodities fraud, money laundering and asset forfeiture and cybersecurity.
Rackspace says the ransomware-wielding attackers who disrupted its hosted Microsoft Exchange Server environment last month wielded a zero-day exploit, described by CrowdStrike as being "a previously undisclosed exploit method for Exchange," to gain remote, direct access to servers it hosted.
The $1.7 trillion omnibus spending bill signed into law last week by President Joe Biden contains new cybersecurity requirements for medical devices that make it a game changer for strengthening security within the healthcare ecosystem, says Dr. Suzanne Schwartz of the FDA.
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