Bangladesh Bank, supported by the New York Fed, has filed a lawsuit in U.S. federal court to try to recover $81 million stolen via one of the biggest online bank heists in history. But the Philippine bank the lawsuit targets has dismissed the case as a "political stunt" designed to shift blame.
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.
Despite early indications that India would not use technology from Chinese telecom giant Huawei in its program to build a 5G network, because of security concerns, many security experts now predict the government likely will reverse itself and allow the use of that technology to help hold down costs.
Efforts to exploit U.S. election security continue, and China, Russia, Iran and North Korea's "cyber espionage, attack and influence capabilities" pose an increasing threat, Director of National Intelligence Dan Coats told the Senate Intelligence Committee.
Special Counsel Robert Mueller's investigation into Russian interference in the 2016 U.S. presidential elections has led to 199 criminal charges, 37 indictments or guilty pleas and four prison sentences so far. But some key questions remain unanswered.
FBI agents say the government shutdown is impeding their investigations, including cybersecurity probes, with the lack of funding compromising their ability to pay confidential informants and obtain warrants or subpoenas.
Facebook has removed hundreds of accounts, alleging that the account creators misrepresented their identity. The social network alleges that some of the accounts were surreptitiously created by employees of the state-owned Sputnik news agency in Moscow, which Sputnik disputes.
The U.S. government shutdown is impacting agencies integral to the nation's cybersecurity readiness, and experts fear its long-term impact on the country's cyberattack response capabilities, as well as the risk that it will drive away desperately needed new cybersecurity talent from entering public service.
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.
Hundreds of members of the German parliament, Chancellor Angela Merkel as well as numerous local celebrities have had their personal details and communications stolen and leaked online as part of what authorities are calling an attack on the country's democracy and institutions.
Production of newspapers owned by Chicago-based Tribune Publishing was disrupted after malware began infecting the company's publishing and printing systems. Tribune newspapers report that they appear to have been hit by crypto-locking Ryuk ransomware.
Don't rush to blame the printing outage at newspapers owned by Tribune Publishing on anything more than an organization failing to block a malware outbreak. And even if it does prove to be a Ryuk ransomware attack, there's no proof yet that any particular nation-state is behind the campaign, experts warn.
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.
President Donald Trump is reportedly continuing to weigh an executive order that would ban all U.S. organizations from using telecommunications hardware built by China's Huawei and ZTE. Australia and New Zealand have blocked the firms from their 5G rollouts, while other nations weigh similar moves.
The U.S. Department of Justice on Thursday unsealed an indictment charging two Chinese nationals in connection with APT10 or Cloud Hopper, a cyber espionage campaign, alleging they acted in association with a government agency.