The FBI says reported losses due to internet crime last year totaled $1.3 billion, based on nearly 300,000 complaints logged with its Internet Complaint Center. It warns that CEO fraud, ransomware, tech-support fraud and extortion are becoming increasingly prevalent.
In an in-depth interview, Guru Bhat, head of engineering at PayPal, describes how the online payments provider has used a mix of sophisticated automation, including machine learning, and human insight to maintain a fraud loss rate of just 0.32 percent.
Good news: Exploits kits are in decline, thanks to concerted efforts to disrupt their efficacy. Unfortunately, criminals are diversifying their attacks, focusing more on social engineering - including tech-support scams - and malicious spam campaigns.
Ransomware is on its way to becoming a $1 billion industry, by some estimates, and possibly 50 percent of enterprises have dealt with it so far. Darius Goodall of Barracuda discusses the best way to defend against the newest strains.
Microsoft has sought to get in front of a brewing controversy over whether it unfairly disables third-party anti-virus products in Windows 10. The company is seeking to dampen charges that are reminiscent of its years-long legal tangles with global antitrust regulators.
One month after the SMB-targeting WannaCry worm outbreak began spreading globally, Honda discovered fresh infections at multiple facilities, and was forced to temporarily idle one plant as a result of the ransomware.
South Korean web hosting firm Nayana has agreed to pay attackers a record-shattering $1 million to unlock 153 Linux servers crypto-locked by ransomware. Security researchers say the infection was likely exacerbated by the company running ancient versions of the Linux kernel, as well as Apache and PHP.
Concerns over Russian hacking of state election systems are mounting. In New York, Gov. Andrew Cuomo has ordered a review of security efforts related to state elections. On Capitol Hill, Sen. Mark Warner wants DHS to release additional details relating to cyberattacks targeting state election systems.
Cybercriminals and nation-state threat actors are beginning to act alike - and that's bad news for cybersecurity leaders and their enterprises, says Eward Driehuis of SecureLink. Here are the trends to track.
Sixty-five percent of security leaders consider their organizations' security postures to be above average or superior. But only 29 percent are very confident in their security controls. Neustar's Tom Pageler analyzes results of Strategic Cybersecurity Investments Study.
Britain's security services have reportedly concluded that the WannaCry ransomware outbreak was launched by Lazarus group, a hacking team tied to North Korea. Attribution aside, security experts question how many organizations can defend themselves against Lazarus attacks.
The CEO of the company that crippled WannaCry's ransomware component explains to Congress how the worm continues to attack unpatched systems at increasing rates. Also, creating a healthcare cybersecurity framework.
Despite the efficiencies of cloud services, security remains a significant barrier of entry for many organizations. Mark Urban of Symantec offers advice to help security leaders navigate past cloud complexity and chaos.
Good news: The Neutrino exploit kit - once a major exploit kit player - appears to have disappeared from the cybercrime scene. While it's unclear if Neutrino is gone for good, rivals have already filled any gaps in the market.