A Hollywood hospital acknowledges paying ransom to unlock data seized by attackers. But while experts generally caution against paying extortionists, some organizations do indeed fold under the pressure to get their critical data back quickly.
Kevin Haley, a researcher at Symantec, says the moneymakers behind Dridex are successfully infecting thousands of users worldwide on a monthly basis, purely through spam - making Dridex the most dangerous banking Trojan on the market today.
The United States and Israel hacked into Iran's military and civilian infrastructure as part of a secret program code-named "Nitro Zeus" that was designed to disable the country's critical infrastructure on demand, claims the new documentary film "Zero Days."
Multiple hospitals from Hollywood to Germany have been hit recently by ransomware attacks. It's a reminder that no organization is immune to outbreaks of malware that's designed to forcibly encrypt all data stored on PCs and servers.
The formation of a new U.K. taskforce that aims to curb financial fraud is getting mixed reviews from industry experts. Is this just a government PR move, or can the taskforce truly be effective? And could such a group have an impact in the U.S.?
Warning: Too many voice over IP devices being used in enterprise environments have well-known default passwords or no security at all, thus leaving organizations at risk from covert surveillance and toll-fraud scammers, experts say.
Federal regulators have issued new guidance to clarify scenarios where HIPAA privacy and security regulation might apply, including for mobile health applications and electronic data exchange. Why are some organizations still so confused?
With the U.S. accelerating its adoption of the EMV chip, encryption and tokenization, life is going to get tougher for fraudsters, and card-not-present fraud will rise, says PCI Council Director Jeremy King. Regions with poor data security must beware.
Hong Kong toymaker VTech has revised its end-user license agreement to make clear that it can't be held legally responsible for any data breaches. Many security experts have reacted with fury. But is VTech's move unusual?
Over a three-month period in 2015, a single cybercrime gang managed to earn at least $330,000 in bitcoins thanks to an estimated 670 victims paying attackers to decrypt ransomware-infected systems. Should police be doing more to stop these attacks?
Here's more evidence of how a data breach can have a major financial impact. The bill for U.K. telecom giant TalkTalk's October 2015 data breach could be as much as $94 million, and the incident resulted in the loss of 95,000 customers.
The banking malware known as Carbanak continues to evolve, and cybercriminals are now using it to wage APT-style attacks against banks as well as companies in other sectors, according to security researchers at Kaspersky Lab.
Have Russian authorities collared the cybercrime gang responsible for the notorious Dyre malware? Related attacks ceased after authorities raided a Moscow-based production company developing a movie called "Botnet," Reuters reports.
Who is responsible for fraud losses resulting from business email compromise? Texas-based AFGlobal Corp. is suing its insurance firm to settle this question. Experts weigh in on the lawsuit and why cyber insurance rarely covers losses from these scams.
The rise in RFID-based contactless payment cards has led to increased concerns that fraudsters could wirelessly crack cards' secret cryptographic keys. But a team of MIT researchers has debuted defenses against such hack attacks.