A group of Russian-speaking hackers over the past year-and-a-half has stolen nearly $10 million from banks, mostly in the United States, Britain and Russia, the Moscow-based, according to cybersecurity firm Group-IB.
Cybercriminals continue to rely on individuals who undertake the risky operation of moving illicit proceeds from one location to another. But these "money mules" face a multitude of risks, including imprisonment, police warn.
Bitcoin: Is it the future of cash, a legitimate speculative instrument or a Ponzi scheme in easy-to-consume digital form? Despite the outstanding questions, investors and cybercriminals alike continue to amass cryptocurrencies. Both groups face perils.
Ethiopian dissidents living overseas had their devices infected with spyware made by an Israeli defense company, Canadian researchers allege. Their findings have revived longstanding concerns over some governments' potential abuse of powerful surveillance tools.
The HITRUST Cyber Threat Xchange played a role in making U.S. healthcare organizations aware of the worldwide WannaCry ransomware campaign early enough to help them thwart the threat, says HITRUST's Elie Nasrallah.
The hacker to whom Uber paid $100,000 to destroy data and keep quiet about its big, bad breach is a 20-year-old man living in Florida, Reuters reports. But numerous questions remain about the 2016 breach, including whether the payment was a bug bounty, extortion payoff or hush money.
In the latest blow to Kaspersky Lab, the U.K. government is warning that the Russian anti-virus vendor's software should not be used on computers that handle classified information. British bank Barclays has also ceased giving away Kaspersky's AV software to its customers.
In an era where users are working simultaneously across mobile, social and cloud applications and platforms, organizations need to deploy identity and access management solutions that can scale and adapt quickly. IBM's Sean Brown describes the rise of Identity as a Service.
An international police operation has resulted in the disruption of the long-running Andromeda botnet and associated Gamarue crimeware toolkit. Andromeda has been used to distribute 80 types of malware, including backdoors, banking Trojans and ransomware, security experts say.
Denial of Service, web application layer attacks, credential abuse and IoT - these are the attack trends and vectors that will make headlines in 2018. Ryan Barnett of Akamai offers insight into how to prepare your defenses.
If you want to anticipate a prospective hacker's moves, then you'd better be able to think like one. That's the position of Terry Cutler, an ethical hacker who dedicates his time to testing organization's cybersecurity defenses - and their people.
A report on the SEC targeting a Canadian company for fraud, alleging it cheated investors by exploiting a so-called Initial Coin Offering crowdsourcing funding system, leads the ISMG Security Report. Also, an NSA analyst pleads guilty in a case involving storing classified data on his home PC.
As data breaches increase in scale and frequency, businesses must ensure an effective, swift and well-orchestrated response. To help them, ISMG on Wednesday and Thursday will host a Fraud and Breach Prevention Summit in Mumbai offering insights from 20 leading CISOs and many other experts.