With hack attacks continuing against banks, SWIFT must follow in the footsteps of other vendors - notably Microsoft - and begin offering detailed, prescriptive security guidance to its users, says Doug Gourlay of Skyport Systems.
Tavis Ormandy of Google's Project Zero found he could hack Symantec's security products with a single email. The flaw has been fixed, but the finding is a reminder that flaws in anti-virus software can leave users at serious risk from hackers.
Ransomware, regulations, botnets, information sharing and policing strategies were just some of the topics that dominated the "International Conference on Big Data in Cyber Security" hosted by Edinburgh Napier University in Scotland.
Vietnam's TPBank says it successfully foiled more than $1 million in fraudulent transfer requests apparently initiated by the same hackers who targeted Bangladesh Bank and other SWIFT-using institutions with PDF reader malware.
The FFIEC has released detailed security guidance for mobile banking and payments that its examiners will now use in their assessments of financial institutions. Banking security experts offer a critique.
Law enforcement agencies have scored some notable botnet-busting successes, disrupting malicious infrastructure and arresting botnet-using gangs. But cybercriminals are adapting, one top EU cybercrime investigator warns.
The theft of $81 million from Bangladesh Bank was "part of a wider and highly adaptive campaign targeting banks," SWIFT warns its 11,000 customers. Investigators say signs point to the same attackers having hacked Sony Pictures Entertainment in 2014.
Amidst finger-pointing over responsibility for the $81 million online theft from Bangladesh Bank, SWIFT has issued its first-ever information security guidance to banks, telling them that they're responsible for securing their own systems.
New rules set by the widely used malware database service VirusTotal will exclude security vendors for not sharing data. This move highlights ongoing tension in the multi-billion dollar anti-malware industry.
Verizon's annual Data Breach Investigations Report has triggered an avalanche of criticism that researchers made critical errors when studying and reporting on the top 10 most frequently exploited software vulnerabilities.
Israel reportedly will extradite two suspects who were indicted in connection with cyberattacks that breached JPMorgan Chase and others. Cybersecurity experts say this is the latest example of how cross-border collaboration to bring cybercriminals to justice is improving.
Australian entrepreneur Craig Wright boasted that he was the secret bitcoin creator known only as "Satoshi Nakamoto." But his claim has been dismantled by security experts, leading one to call Wright "the world's first cryptographically provable con artist."
The emerging threats posed by cybercrime and evolving banking services, including mobile banking, will be among the focal points of a keynote address by the Information Security Forum's Steve Durbin at ISMG's Fraud & Breach Prevention Summit in Washington May 17-18.
Anonymous is threatening global banks with 30 days of distributed denial-of-service attack disruptions and temporarily disrupted the Bank of Greece website as a preview. Security experts say all banks should take the DDoS threat seriously.