Banks need to prepare for many more massive cyberattacks along the lines of the sophisticated campaign that hit JPMorgan Chase and other financial services organizations, says Javelin Strategy & Research's Al Pascual, who offers risk management insights.
The group of hackers who recently claimed to have hacked the CIA director's personal email account now says it has breached an FBI information-sharing portal. So far, the group has released contact information for about 2,400 law enforcement users.
Distributed-denial-of-service attacks on banks are more powerful than ever, but we hear less about them than we did three years ago. How have attackers changed their tactics, and why should we be even more concerned about their strikes?
Buoyed by massive illicit profits, cybercriminals have continued to refine their ransomware attacks, including updating their crypto techniques to foil decryption tools, encrypting file names and threatening to leak stolen secrets.
In a video interview, Bob Carr of Heartland Payment Systems offers a frank assessment of missteps in the wake of the processor's landmark 2008 data breach, and he calls for widespread use of end-to-end encryption.
To avoid having their organizations exploited by teenage hackers, boards of directors worldwide need to get serious about security. Here are five lessons to be learned from the latest TalkTalk data breach.
The quantity and duration of distributed denial-of-service attacks continue to increase. The latest attacks are being launched via MySQL servers infected with Chikdos malware, as well as compromised Internet-connected CCTV systems, researchers say.
As more banks and government agencies stop providing free BlackBerries to employees, the beleaguered smartphone manufacturer is attempting to reboot with the launch of its first Android smartphone, dubbed Priv for privacy.
British police have arrested a third suspect in connection with the hack attack against telecommunications provider TalkTalk. Separately, Vodafone UK also issued an alert of a breach, which it traced to reused passwords.
While sophisticated cyberattacks and high-profile mega-breaches get most of the attention, European fraud experts say less sophisticated attacks are far more common and pose a greater fraud risk. At ISMG's Fraud Summit in London, they called for global collaboration to fight fraud.
Too many companies lack an understanding of the business ramifications of cyber threats, says Juanita Koilpillai, president of the Digital Risk Management Institute. In a video interview, she describes why business owners and insurance companies must work together to develop modern cyber risk management programs.
British police have arrested a 15-year-old boy in connection with the suspected hack of TalkTalk. Security experts say that if a teenager was responsible, it's going to be difficult for the communications firm to prove that it takes customers' data security seriously.