Fake Office 365 login page that installs malicious OAuth-based app (Source: KnowBe4)

Phishing Emails Target Coinbase Exchange Users

Chinmay Rautmare • October 21, 2020

Fraudsters are sending phishing emails with messages about the Coinbase cryptocurrency exchange to Microsoft Office 365 users in an attempt to take over their inboxes and gain access to data, according to the security firm KnowBe4.

Anti-Money Laundering (AML)

Norway Alleges Russia Orchestrated Parliament Email Hack

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Cyberwarfare / Nation-State Attacks

Elite Russian Sandworm Hackers' OPSEC Problem

Mathew J. Schwartz • October 22, 2020

Although Russia's elite nation-state hackers are capable of waging destructive attacks, the GRU military intelligence Sandworm operators have not been able to remain in the shadows, a U.S. federal grand jury indictment suggests,

Cyberwarfare / Nation-State Attacks

Analysis: Can Russia's Cyber Destruction Appetite Be Curbed?

Mathew J. Schwartz • October 21, 2020

The U.S. indictment charging that six Russian GRU military intelligence officers were responsible for numerous cyberattacks highlights Moscow's seemingly unending appetite for online destruction. Experts say more than indictments will be required to curb such activity.

Finance & Banking

Home Loan Trading Platform Exposes Mortgage Documentation

Jeremy Kirk • October 21, 2020

MAXEX, a company that develops a digital trading platform for the secondary mortgage market in the U.S., leaked 9 GB of internal documentation as well as full mortgage applications for 23 individuals. The data was released by a Swiss-based developer who apparently was unaware it was sensitive.

Cyberwarfare / Nation-State Attacks

6 Takeaways: Russian Spies Accused of Destructive Hacking

Mathew J. Schwartz • October 20, 2020

U.S. officials have accused the Russian government of behaving "maliciously or irresponsibly" by taking steps such as crashing Ukraine power grids in the dead of winter and causing more than $10 billion in damages via NotPetya malware. But why make the accusations now? And how might Moscow respond?

Cyberwarfare / Nation-State Attacks

Cybersecurity's Inconvenient Truth: The Nation-State Threat

Tom Field • October 20, 2020

Has the nation-state threat become like the weather - something everyone talks about, but no one can do anything about? It's time for a strategic change. A panel of experts offers a frank discussion of nation-state actors, their ongoing intrusions and what "taking off the gloves" might look like.

Cyberwarfare / Nation-State Attacks

6 Russians Indicted for Destructive NotPeyta Attacks

Scott Ferguson , Doug Olenick • October 19, 2020

The U.S. Justice Department unsealed indictments against six Russian military officers on Monday, alleging that they carried out a series of major hacking operations, including deploying destructive NotPetya malware - tied to more than $10 billion in damages - and attacking the 2018 Olympics.

Governance & Risk Management

Sensitive Voicemail Transcripts Exposed

Marianne Kolbasuk McGee • October 19, 2020

A security researcher recently discovered an unsecure Elasticsearch database cluster exposed on the internet that contained transcripts of sensitive voicemail messages, including some for medical clinics and financial service companies.

Fraud Management & Cybercrime

Payment Card Security: Are More Open Standards Needed?

Nick Holland • October 19, 2020

Douglas Kantor, counsel to the Secure Payments Partnership, a coalition of retail groups and payment networks, argues that U.S. card payments need more open standards to build in better security.

Cybercrime

'Active Threat' Warning: Patch Serious SharePoint Flaw Now

Mathew J. Schwartz • October 19, 2020

Security experts are urging organizations to patch a newly revealed serious flaw in Microsoft SharePoint as quickly as possible because proof-of-concept exploit code is already available. The U.K.'s National Cyber Security Center warns that hackers frequently target fresh SharePoint flaws.

Big Data Security Analytics

Fighting Bank Fraud: The Critical Technologies

Suparna Goswami • October 19, 2020

To help prevent fraud, banks must leverage technologies such as behavioral analytics, device biometrics and one-time passcodes, says Nancy Guglielmo, senior vice president at the Bank Policy Institute.

Anti-Money Laundering (AML)

20 Arrested in Money-Laundering Crackdown

Prajeet Nair • October 16, 2020

A international law enforcement operation involving 16 countries has resulted in the arrest of 20 individuals suspected of belonging to the QQAAZZ criminal network, which helped launder cash and cryptocurrency for other cybercriminals.

Cybercrime as-a-service

Analysis: Ransomware Dominates the Cybercrime Landscape

Anna Delaney • October 16, 2020

The latest edition of the ISMG Security Report analyzes a new report that labels ransomware as the No. 1 cybercrime threat. Also featured: A former FBI agent offers an update on "disruptionware" attacks; how Tesla's autopilot is tricked by phantom images.