The online heist of $81 million from Bangladesh Bank involved custom malware that hacked the database used by the bank's SWIFT software, allowing attackers to transfer money and hide their tracks, according to BAE Systems Applied Intelligence. SWIFT will issue software updates and security guidance to all customers.
Prosecutors have expanded a complex case, involving an alleged pump-and-dump stock scheme, hacking into U.S. banks and operating an unlicensed bitcoin exchange, to include money-laundering charges related to processing bitcoin ransoms paid by ransomware victims.
A previously unknown cybercrime group has hacked into numerous organizations in the retail and hospitality sectors to steal an estimated 20 million payment cards, collectively worth an estimated $400 million via underground cybercrime forum sales, FireEye reports.
Two of the hacker masterminds behind the notorious SpyEye malware have each received lengthy prison sentences after pleading guilty to related charges in U.S. federal court. But alleged Zeus creator and accomplice Evginy Bogachev remains at large.
A jury's decision to award $940 million in damages to electronic health records software vendor Epic Systems, which had sued India's Tata Consultancy Services alleging theft of trade secrets, serves up lessons about the importance of restricting access to all sensitive data, including intellectual property.
Attackers have been exploiting JBoss application servers to install remote-control web shells as part of a campaign that targets enterprises with network-hopping SamSam (a.k.a. Samas) ransomware, researchers at Cisco Talos warn.
Telangana State recently unveiled ICT policy 2016, with information security as a key focus area. Experts say a practical execution plan is critical to establish a cybersecure ecosystem, with greater emphasis on public-private partnership.
Russian authorities have reportedly sentenced Dmitry "Paunch" Fedotov, the developer of the notorious Blackhole exploit kit that's been linked to large amounts of fraud, to seven years in prison - an unusually severe sentence for online crime in that nation.
Two public sector banks recently were victims of data breaches. Experts shed more light on the possible vulnerabilities that banks and their customers have left unaddressed, and make recommendations to prevent future attacks.
A new study says India needs $4 billion via public-private partnership to address cybercrime challenges. Security and law enforcement experts emphasize the need for a pragmatic approach to tackle new age cybercrime.
Is it ever acceptable for ransomware victims to pay a ransom to obtain the decryption key required to restore access to their data? Due to poor preparation, many organizations continue to face that question.
Backed by its own logo, Badlock refers to a set of critical Samba vulnerabilities in Windows and most Unix/Linux operating systems, which attackers could exploit to launch man-in-the-middle attacks against corporate networks.
A British man who pleaded guilty to selling homemade distributed denial-of-service attack tools reportedly used to carry out more than 600,000 attacks has escaped jail time, with a judge calling him "young and naïve."
Security experts are once again warning all Flash users to either update or uninstall the browser plug-in software to protect themselves against active exploit kit attacks that are targeting a zero-day Flash flaw to install ransomware.
A court has approved settlement of a class-action lawsuit filed by employees of Sony Pictures in the wake of its massive 2014 breach. But some legal experts say the consumer protections provided in the settlement do not go much beyond what the company should have routinely provided to victims in the wake of a breach.