The British Airways breach, in which up to 380,000 website and mobile users' payment card details were stolen, traces to card-scraping code injected into a script on the airline's website by the cybercrime group called Magecart, says security firm RiskIQ.
The threat landscape is changing as the industrial internet of things radically broadens the attack surface for critical infrastructure, says Kenneth Carnes, CISO for the New York Power Authority, who discusses how to address the shift.
The Monetary Authority of Singapore is proposing to require financial institutions to implement six security measures to better guard against cyberattacks. But some security experts say the tricky part will be making sure banks actually take the required steps.
Russian national Andrei Tyurin, who's been accused of hacking into JPMorgan Chase's network in 2014 and stealing personal information on more than 83 million customers, has been extradited to the U.S. He was allegedly part of a group that hacked into brokerages, news firms, a risk intelligence company and others.
British Airways has been threatened with a class-action lawsuit in U.K. court after warning that a hacker stole payment card data associated with 380,000 transactions. A law firm says that under GDPR, the airline should compensate victims for "inconvenience, distress and misuse of their private information."
U.S. prosecutors have accused a 34-year-old North Korean man of involvement in some of the most destructive and profitable cyberattacks ever seen, including the WannaCry ransomware outbreak, the Sony Pictures Entertainment breach and the theft of $81 million from Bangladesh Bank.
British Airways is warning customers that it suffered a hack attack that compromised up to 380,000 customers' payment cards as well as personal data over a 15-day period. The airline says it was alerted to the breach by a business partner that monitors its websites.
To transparently identify legitimate users in digital channels, organizations need strong digital identity risk assessment capabilities that examine each user's digital patterns and can more accurately detect potential bad actors, says IBM's Matt Konwiser.
All organizations should ensure that they are using the most appropriate tools, technologies, practices and procedures to safeguard their information against today's top threats, says Check Point's Avi Rembaum.
Intelligence adaptive authentication represents the latest advance in authentication and risk analysis - with a dose of machine learning - to help organizations authenticate users and battle fraud in real time, says OneSpan's Will LaSala.
Organizations should be on guard for attacks involving an apparent variant of Hermes ransomware - dubbed Ryuk - that attempts to encrypt network resources. It has already victimized several global organizations in the U.S. and elsewhere, according to a federal alert, which offers mitigation advice.
The new India Post Payments Bank will take banking to the doorstep by using India's mammoth network of post offices. Postmen will perform digital transactions on their phones. That's raising concern among security leaders, who recommend adopting defense-in-depth security.
Officials from Facebook and Twitter appeared before a Senate committee Wednesday to defend their efforts to combat influence operations. Meanwhile, the Trump administration launched a broadside against social media, with President Trump accusing them of meddling in the 2018 midterm elections.
Unknown attackers are intercepting every piece of data handled by more than 7,500 routers made by MikroTik, while also using another 239,000 compromised routers to serve as proxies, researchers say. It's a continuation of a wave of attacks that exploit a vulnerability patched by MikroTik in April.
The Reserve Bank of India, the nation's central bank, is launching a number of efforts to help bolster the cybersecurity of banks. Those include encouraging banks to use access control management and install security operations centers. But critics say the measures aren't bold enough and offer other suggestions.