Australian police in Queensland are pursuing a criminal investigation into what may be one of the first instances of a company swiping cryptocurrency using a software backdoor after a business deal went bad.
When it comes to fraud, enterprise data has a story to tell, and it's up to security and fraud leaders to know how to interpret that story. Jim Apger of Splunk discusses reading and reacting to these stories.
Experts have long warned that bitcoin is not as private as it appears. The very design of bitcoin, as well as some other virtual currencies, can lend a surprising amount of information about the groups using it to transact. In fact, it's sometimes easier to track than if criminals used the banking system.
A lawsuit seeking class action status has been filed in the aftermath of a data breach impacting 150 million users of Under Armour's MyFitnessPal mobile application and website. But the apparel maker has asked the court to compel arbitration of the case.
Late last year in Australia, cybercriminals began targeting a fertile yet relatively poorly protected business sector for so-called business email compromise scams: the real estate industry. One expert says the industry, highly dependent on email, is ill-prepared for the attacks.
Hackers have reportedly demanded a ransom from Bank of Montreal and Simplii Financial in exchange for not dumping 90,000 customers' account details on a fraud forum. The FBI says online extortion and ransomware remain the top two types of cybercrime it's seeing today.
Large data breaches make headlines, trigger stock price slips and often lead to executives getting fired. But security consultant Eric Pinkerton's study of breached businesses - including Ashley Madison, Equifax and Uber - finds that many organizations not only recover from breaches, but end up thriving.
Russian software firm Kaspersky Lab has been dealt a setback in its effort to overcome the U.S. government's ban on use of the firm's anti-virus software on federal systems. A judge has dismissed the firm's two lawsuits seeking to have the ban lifted.
Two of Canada's biggest banks are investigating claims by "fraudsters" that they accessed their customers' data. At risk: 50,000 Bank of Montreal customers and 40,000 Simplii Financial customers. Both banks say they've alerted potentially affected customers and plan to cover any losses.
With the European Union's General Data Protection Regulation now in full effect, cybersecurity startups in India are facing their own set of challenges. While many have complied with the regulations as much as possible, some have put on hold plans to expand into the European market.
Canadian citizen Karim Baratov has been sentenced to serve five years in U.S. federal prison after he admitted to hacking and identity theft charges connected to his working as "hacker for hire" for alleged Russian FSB officers, who have been tied to a massive 2014 breach of Yahoo.
The European Union's new data protection enforcement is prompting a rethink about data handling in Australia, which has had a casual approach to privacy, says Brian Fletcher, Symantec's director of government affairs in Asia Pacific.
A group of cybercriminals known for their persistence and precision in executing attacks against banks' ATMs and card processing infrastructures has regrouped despite the arrest of their alleged leader.