This Valentine's Day, authorities are once again warning individuals to watch out for anyone perpetrating romance scams. The FTC says Americans lost $143 million to romance scams in 2017, while in the U.K., Action Fraud says reported romance scam losses in 2018 topped $64 million.
In 2018, the Identity Theft Resource Center counted 1,244 U.S. data breaches - involving the likes of Facebook, Marriott and Exactis - that exposed 447 million sensitive records, such as Social Security numbers, medical diagnoses and payment card data.
The latest edition of the ISMG Security Report features an update on what U.S. intelligence chiefs told Congress this week about persistent nation-state cyberthreats, plus reports on evasion tactics used by cryptocurrency money launderers and what government CIOs have to say about security funding.
Airbus says it suffered a hack attack, leading to a breach of "contact and IT identification details" for at least some of its EU employees. The aerospace giant says its investigation continues and that it has notified European privacy authorities, per GDPR requirements.
The U.S. Department of Homeland Security says executive branch agencies are being targeted by attacks aimed at modifying Domain Name System records, which are critical for locating websites and services. The warning comes as security companies have noticed a rise in DNS attacks.
Cybercrime outfits appeared to take a vacation around the December holidays. But attacks involving Emotet, Hancitor and Trickbot have resurged following their December slowdown, as has the Fallout exploit kit, lately serving GandCrab ransomware.
In a case of business email compromise, Chinese hackers stole $18.6 million from the Indian arm of Tecnimont SpA, an Italian engineering company, through an elaborate cyber fraud scheme that included impersonating the firm's chief executive.
The Trump administration has launched a public awareness campaign, spearheaded by the National Counterintelligence and Security Center, urging the U.S. private sector to better defend itself against nation-state hackers and others who may be trying to steal their sensitive data or wage supply chain attacks.
Personal information for 1,000 North Korean defectors, including their names and addresses, has been stolen via a malware attack, officials in South Korea warn. They've traced the leak to a malware infection at a refugee resettlement center, and say police continue to investigate.
In the wake of Equifax and other major breaches, sophisticated fraudsters are finding success as never before. Al Pascual of Javelin Strategy and Research discusses how identity impersonation is manifesting.
Leading the latest edition of the ISMG Security Report: Microsoft's Joram Borenstein highlights his top three areas of focus for 2019. Plus, Randy Vanderhoof of the US Payments Forum on securing card transactions in the coming year.
For the past three years, hackers have been intercepting sensitive diplomatic cables sent between EU member states after stealing passwords for accessing the EU network via a phishing attack against diplomats in Cyprus, The New York Times reports.
Thousands of emails from four senior aides within the National Republican Congressional Committee were exposed after their accounts were compromised for several months earlier this year, Politico reports. Few details have been released about the incident, which was investigated by Crowdstrike.
Because phishing attacks are so pervasive, aggressive staff educational efforts are essential, says Richard Conti of The Children's Hospital of Philadelphia, who also discusses other risk mitigation steps.