Businesses targeted by ransomware attacks are increasingly willing to negotiate with - and even pay - their extortionists. But negotiating with cyberthieves is never a good idea.
The FFIEC warns U.S. financial institutions that they're at increased risk from attacks that are designed to harvest large amounts of credentials, as well as from destructive "wiper" malware attacks.
Community banking institutions are at great risk of cyber-attack because they often don't think they're targeted, says Scott McGillivray of Pacific Continental Bank, who describes how to convey this risk to senior management.
More hackers are holding data for ransom, demanding everything from bitcoins to the shutdown of nuclear reactors, under the threat of leaking sensitive information. But it's not clear how many such attacks generate revenue for attackers.
Ransomware attacks are getting more agile, varied and widespread, and are increasingly taking aim at businesses of all sizes in all sectors, rather than consumers. That's why employee education is so critical.
As a result of the explosive growth in worldwide use of smart phones, mobile malware will play a much bigger role in fraud this year, predicts Daniel Cohen, a threat researcher for RSA, which just released its 2014 Cybercrime Roundup report.
For the third time in recent weeks, in-the-wild attacks are exploiting a newly discovered zero-day vulnerability in
Adobe's Flash plug-in for Web browsers, Trend Micro reports.
The FBI has issued an alert about a "Business E-mail Compromise" fraud scam targeting businesses that regularly make wire transfers to foreign companies. Experts offer mitigation insights.
Adobe confirms that a zero-day flaw exists in its Flash browser plug-in and promises to soon release Windows, Mac and Linux fixes for affected versions of Flash Player. The vulnerability is reportedly already being targeted by in-the-wild attacks.
The relative anonymity afforded by using the cryptocurrency known as Bitcoin appears to be in jeopardy, making it potentially less attractive for use in connection with cybercrime.
The Union Home ministry has formed a five-member panel to devise a roadmap to tackle cybercrime. But do the members have the experience necessary to fulfill the mission? Security experts express reservations.
A tiny Illinois hospital was the target of an extortion scheme in which an anonymous e-mailer threatened to make public patients' information. The incident shows why providers of all sizes need to be prepared to deal with emerging threats.
Except for the leak of celebrities' private data, the "wiper" malware attack against Sony Pictures Entertainment shares "extraordinary" similarities with previous wiper attacks in Saudi Arabia and South Korea, a security researcher finds.
Citadel financial malware has been upgraded to steal master passwords for software designed to securely store lists of usernames and passwords, according to IBM's Trusteer unit. Security experts offer insights on how to respond to the threat.
Security vendor Proofpoint warns that a "malvertising" campaign has been launching ransomware attacks against users of numerous high-profile websites, including search site Yahoo, dating site Match.com, and an AOL real estate site.
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