The Identity Theft Resource Center's new report shows a 1,044% increase in social media account hijacking. Banking fraud is also rising, with scammers focusing on using stolen personal data to open new banking and credit card accounts in victims' names, says COO James Lee.
Four ISMG editors discuss how security leaders determine the right level of security for the business, the growing risk of business ID theft to enterprises, and the arrest of a developer suspected of working for cryptocurrency mixing service Tornado Cash, for "facilitating money laundering."
The latest edition of the ISMG Security Report discusses how ransomware groups continue to refine their shakedown tactics and monetization models, highlights from this year's Black Hat conference and why helping those below the "InfoSec poverty line" matters to businesses.
A New York-based practice management vendor has notified 28 healthcare entity clients and more than 942,000 of their patients that sensitive information was compromised in a ransomware attack in April. The incident is the latest fallout from ransomware assaults on the healthcare sector.
Attackers are attempting to reset the passwords of some DigitalOcean customers, the cloud infrastructure provider says. The email addresses of these customers were likely exposed in a data breach involving Mailchimp, which provided transactional email services for DigitalOcean.
How do you know whether your organization has invested enough money and time in security? As director of information security for Canon EMEA, Quentyn Taylor is often asked this question. "I'll be honest with you - just to set some expectations here, I don't have the correct answer," he admits.
Marketers rely on events to create brand awareness and generate demand, and physical events are coming back after the COVID-19 pandemic, says Gily Netzer of Perimeter 81. But "not everybody is traveling," she says, so hybrid events - and SaaS-driven corporate networks - are the future for companies.
Infoblox has invested in shifting left in the cybersecurity kill chain with on-premises, cloud and hybrid versions of its BloxOne Threat Defense tools, which help security practitioners find and identify threats earlier and mitigate risks, says President and CEO Jesper Andersen.
Thoma Bravo is eyeing its third take-private security deal of 2022, initiating talks with Darktrace months after agreeing to buy SailPoint and Ping Identity. The cybersecurity AI firm says it's in early discussions with private equity giant Thoma Bravo on a possible cash offer for the business.
Research by Dun & Bradstreet says business identity fraud jumped 254% in 2020. Tools can help prevent this fraud but may create greater friction, say Andrew La Marca, senior director at Dun & Bradstreet, and Ralph Gagliardi, agent in charge, High Tech Crimes Unit, Colorado Bureau of Investigation.
Signal says 1,900 of its customers have been affected by the recent phishing attack on its third-party vendor Twilio. Signal says phone numbers and SMS verification codes of 1,900 customers are compromised, potentially transferring access of these accounts to the attackers.
The Cl0p ransomware group has been attempting to extort Thames Water, a public utility in England. Just one problem: the group attacked an entirely different water provider. Through ineptitude or outright lying, this isn't the first time that a ransomware group has claimed the wrong victim.
ENISA’s new "Threat Landscape for Ransomware Attacks" report analyzes 623 ransomware incidents in the EU, U.K. and U.S. from 2021 to 2022. ENISA cybersecurity officer Ifigeneia Lella shares how attacks have evolved and how 95% of reported incidents lack key data about how the breaches occurred.
Hybrid war includes cyberattacks, critical infrastructure attacks and efforts to get information. Victoria Beckman, director of Microsoft's Digital Crimes Unit in the Americas, says Ukraine used a national cybersecurity strategy to withstand such attacks from Russia and so can other countries.
Ransomware-wielding attackers continue to seek new ways to maximize profits with minimal effort. Top tactics spotted recently by experts include continuing to partner with initial access brokers and botnet operators and testing new monetization models, such as "mediation as a service."
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