Lawsuits sparked by massive data breaches at Yahoo - and the company's failure to report those breaches to investors in a timely manner - could soon be resolved. Plaintiffs and defendants say they have committed to a $47 million deal that they expect to submit for court approval within 45 days.
More evidence that running cybercrime schemes remains inexpensive and accessible to anyone with criminal intent: To send spam emails, admitted botnet herder Peter Levashov quoted customers $500 for 1 million emails. And that was just his 2016 pricing.
Coordinated police raids in Germany and Sweden have resulted in the arrest of two Syrian nationals suspected of running a cyber fraud operation that purchased stolen card data to book hundreds of airline and train tickets to help smuggle people from the Middle East into Europe.
Attack code known as EternalBlue, designed to exploit a Windows SMB flaw, continues to work for attackers despite Microsoft having issued patches more than a year ago. One major U.S. business was a recent victim as part of a cryptocurrency-mining malware campaign, a researcher reports.
Intel has had a challenging time lately on the vulnerability front. It has issued yet another patch for its Management Engine after a researcher was able to extract two types of encryption keys. The problem was a repeat of one that Intel patched just last year.
Less than four months after GDPR enforcement began, Europe has arguably entered the modern data breach notification era. Reports of data breaches continue to increase, and breached organizations now face the specter of class-action lawsuits over material as well as non-material damages.
The latest edition of the ISMG Security Report features an analysis of a new Government Accountability Office report on the causes of last year's massive Equifax breach. Also: An update on the role of tokenization in protecting payments.
A Romanian court has ruled that the notorious hacker "Guccifer," who discovered the existence of Hillary's Clinton's private email server, will be extradited to the U.S. to serve a 52-month prison sentence after he finishes serving a seven-year sentence in his home country.
Russian national Peter Levashov, who was arrested in Spain last year and extradited to the U.S., has admitted to a two-decade crime spree that included running multiple botnets that harvested online credentials while also pumping out spam, banking Trojans and ransomware.
A web browser startup, Brave, has filed complaints in Europe alleging Google and other behavioral advertising companies are violating Europe's GDPR. Brave's complaints could set up one of the biggest battles so far over how personal data gets used - or abused - for targeted advertising.
Should Europe's "right to be forgotten" apply worldwide? That's the focus of a case before the EU's highest court, which has pitted proponents - including Austria and France - against Google, Microsoft and the European Commission, who argue that the EU law provision should only apply in Europe.
CISOs and CIOs must ensure their organizations plan for worst-case scenarios, conducting frequent "dry runs" of disaster recovery plans, says Tonguc Yaman, CIO of SOMOS, a New York Community Care Network, who formerly served as deputy CIO of Bellevue Hospital.
Effective "SecOps" involves revamping security processes that are inconsistent and ad hoc to make them targeted and consistent, says Rapid7 CEO Corey Thomas, who describes the roles of automation and orchestration.