Web hosting firm XBT/Webzilla's infrastructure was used to attack the U.S. Democratic Party and for 2016 election interference, a former National Security Council official said in a court report filed as part of a since-dismissed defamation lawsuit over the Steele dossier's release.
North Korea's cybercrime capabilities have given the country the ability to flaunt international sanctions by allowing the regime to steal millions in currency not only from banks but also from cryptocurrency exchanges, according to a report from the United Nation's Security Council.
The former CEO of what was once the world's most popular bitcoin exchange, Mt. Gox, will not serve prison time. Mark Karpelès was sentenced Friday to two and a half years in prison on one charge of falsifying data, but the sentence was suspended. He was cleared of embezzlement and fraud charges.
Criminals wielding a new strain of ransomware called Cr1ptT0r are targeting network-attached storage users. The campaign was first discovered in February after owners of D-Link network storage enclosures reported that their devices were being crypto-locked.
Facebook's data deals continue to be probed. A criminal investigation of Facebook by federal prosecutors in New York has resulted in records being subpoenaed "from at least two prominent makers of smartphones and other devices," the New York Times reports.
Heading into the 2020 U.S. presidential election preseason, the FBI is squarely focused on defending against nation-state hacks or influence. Elvis Chan of the FBI talks about preparations for a cybersecure election.
Carbon Black and Optiv have released their 2019 Modern Bank Heists report, which unveils the latest cyber threats to global banking institutions. Report co-author Tom Kellermann discusses the findings and what they mean.
A variant of the long-running Ursnif banking Trojan is able to better evade security protection and has the ability to steal not only financial information but also email user accounts, the content of inboxes and digital wallets, researchers report.
As cyberattacks get more sophisticated, there is a growing need for detection and response to address these emerging threats, says Dan Schiappa of Sophos.
Machine learning can play an important role in fraud prevention at financial institutions, says Marc Trepanier of ACI Worldwide, who addresses the challenges involved.
Officials in Jackson County, Georgia, along with the FBI are investigating a ransomware attack that crippled IT systems over a two-week period and reportedly led local officials to pay a bitcoin ransom worth $400,000 to restore systems and infrastructure.
Citrix Systems is investigating a suspected hack attack, resulting in the theft of business documents, after being tipped off by the FBI. The breach alert follows Citrix recently disclosing that in late 2018, hackers breached some of its customers' accounts via credential-stuffing attacks.
Although organizations need to worry about phishing, malware and other inbound threats, they also must be aware that social media accounts pose an increasing risk - and they need to be monitored and locked down, says Otavio Freire of SafeGuard Cyber.
Small and midsize organizations are no less vulnerable to cyberattacks than large enterprises. Dan Smith of Zeguro outlines an approach for these organizations that fuses cybersecurity with insurance.
The faces of digital fraud have changed dramatically over the past decade, and so too must our strategies for fighting it. Ricardo Villadiego of Cyxtera urges anti-fraud leaders to focus and simplify.
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