The U.S. Secret Service is combining its electronic and financial crime units into a single task force that will focus on investigating cyber-related financial crimes, such as BEC schemes and ransomware attacks. The move comes as lawmakers push for the Secret Service to take a more active role in fighting cybercrime.
The latest edition of the ISMG Security Report analyzes why cyberattacks against banks have surged in recent weeks. Plus: The increasingly ruthless tactics of ransomware gangs; cybersecurity strategies for small businesses.
Ransomware, wire transfer fraud, destructive attacks: In recent months, the financial sector has seen these and other online attacks surge by 238% as criminals continue to exploit the pandemic, warns Tom Kellermann of VMware Carbon Black, who shares findings from his firm's third "Modern Bank Heists" report.
A recently uncovered spear-phishing campaign is using fears of the COVID-19 pandemic to spread an information stealer called LokiBot. FortiGuard Labs researchers find that cybercriminals are once again using World Health Organization images as a lure.
Data breaches expose a wealth of personal information that can enable cybercriminals to bypass security measures, take over accounts, and compromise enterprise networks. To provide a snapshot of the breach exposure affecting major enterprises, we examined SpyCloud's database and found:
412 million breach assets tied...
With the declaration of COVID-19 as a pandemic, and the global shift to work from home, Tom Kellermann of VMware Carbon Black sees a corresponding increase in hacking and espionage attempts against U.S. agencies, businesses and citizens. He says add "digital distancing" to your precautions.
As cybercriminals and nation-states take advantage of the COVID-19 pandemic to further their own aims, authorities are calling on victims to report online attacks as quickly as possible to help them better disrupt such activity.
The 2016 U.S. presidential election served as a wake-up call for lawmakers and the public about the threat that cyberattackers can pose to the country's democracy, CISA Director Christopher Krebs said at the RSA 2020 conference. Election security and ransomware remain his agency's two biggest concerns.
Emotet malware alert: The U.S. Cybersecurity and Infrastructure Security Agency says it's been "tracking a spike" in targeted Emotet malware attacks. It urges all organizations to immediately put in place defenses to not just avoid infection, but also detect lateral movement in their networks by hackers.
Attackers are hitting unpatched Pulse Secure VPN servers with Sodinokibi - aka REvil - ransomware, British security researcher Kevin Beaumont warns. Pulse Secure says that although many organizations have installed the critical April 2019 patch, holdouts persist.
Tom Kellermann, former cybersecurity adviser to the Obama administration, doesn't mince words when he describes the nation-state threat to the U.S. as the "axis of evil in cyberspace." Nor does he hold back about the threat from destructive attacks, 5G deployment and other trends to watch in 2020.
While run-of-the-mill ransomware attacks continue, some crypto-locking malware gangs are bringing more advanced hacking skills to bear against targets, seeking the maximum possible payout, says cybersecurity expert Jake Williams of Rendition Infosec, who dubs the trend "ransomware 2.0."
A hacker group called Tortoiseshell has been hitting targets in the Middle East since at least July 2018, apparently targeting IT service providers to gain access to many potential targets at once. The campaign is fresh proof that criminals and nation-state attackers alike continue to favor supply chain attacks.
As part of the U.S. government's continuing efforts to highlight the North Korean government's cyberattacks, the U.S. Treasury Department has sanctioned three alleged North Korean hacking groups that have been blamed for the WannaCry ransomware, online bank heists and destructive malware attacks.
As a fraud management leader, are you aware that social engineering is a widespread and increasingly common tactic used to takeover customer accounts? Learn more about why social engineering is one of the most dangerous and difficult to stop online crimes.