Chinese advanced persistent threat groups are targeting cancer research organizations across the globe with the goal of stealing their work and using it to help the country address growing cancer rates among its population, according to researchers at cybersecurity company FireEye.
The latest edition of the ISMG Security Report analyzes the ransomware attack on Texas municipalities as part of a broader trend. Also featured: An initiative designed to safeguard the 2020 presidential elections and a CIO's third-party risk management efforts.
Cybercrime marketplaces Genesis and Richlogs are helping fraudsters to better impersonate legitimate users of banks, eBay, Amazon, Netflix and more by providing them with victims' legitimate "digital fingerprints" and replay tools designed to fool anti-fraud defenses.
"Silence," a Russian-speaking criminal group that has stolen $4.2 million from ATMs and financial institutions since 2016, has become more active this year, using new tools and tactics in its attacks and expanding its reach globally, according to the security firm Group-IB.
A cyber espionage campaign, which may have ties to North Korea, is suspected of targeting foreign ministries, academic institutions and think thanks that are studying or writing reports about the nation's regime, according to an analysis by the security firm Anomali.
Account takeover continues to be a lucrative path for fraudsters across all industry sectors. But Scott Olson of iovation says there are different levels of defense that can be deployed, based on the risk of specific types of transactions.
Federal government agencies experienced 12 percent fewer cyber incidents in 2018, when there were no "major" data breaches, according to a new White House report. But the report notes there's still plenty of risk mitigation work to be done.
Researchers at the security firm Doctor Web have uncovered a fake website for a VPN provider that's designed to spread a Trojan that can steal credentials to bank accounts.
Ransomware-wielding attackers continue to target not just big businesses and large government agencies, but increasingly their smaller counterparts too. In Texas, officials say a campaign tied to a "single threat actor" infected 22 local government agencies on Friday.
Progressive companies seeking to improve their security are increasingly adopting bug bounty programs. The theory is that rewarding outside researchers improves security outcomes. But in practice, bug bounty programs can be messy and actually create perverse incentives, says bug-hunting expert Katie Moussouris.
The ransomware attack that crippled Eurofins, one of the largest forensics labs in the U.K., continues to delay police investigations in Britain while authorities await test results.
Facebook and Twitter have suspended a number of accounts and pages that they have tied to information operations being run by the Chinese government. Disinformation has targeted pro-democracy demonstrators in Hong Kong - likening them to cockroaches - while dismissing anti-Beijing sentiment as "fake news."
The World Economic Forum recently identified "cyberattacks and data integrity concerns crippling large parts of the internet" as one of the top 10 global risks. Jaime Chanaga of NTT talks about the significance of that announcement and the concerns global security leaders face headed into 2020.
The FBI has arrested a Nigerian businessman for allegedly carrying out an $11 million business email compromise scheme that targeted a U.K. affiliate of U.S. heavy equipment manufacturer Caterpillar.
State officials in Texas say that at least 23 local government entities have fallen victim to a coordinated ransomware attack unleashed on Friday morning. Security experts say attackers continue to pummel local governments, and illicit profits have been rising.
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