Credit reporting giant Equifax has negotiated a proposed settlement that could reach $700 million to resolve federal and state probes into its massive 2017 data breach, as well as a nationwide class action lawsuit. The company's total post-breach tab is likely to exceed $2 billion.
Ireland's Data Protection Commission says it is "assessing" a report concerning minors who have business profiles on Instagram that may expose email addresses and phone numbers. As many as 5 million kids worldwide have business accounts, but often they have no discernible link to a real business.
Misconfigured file storage technologies and a lack of basic security controls are the root causes for the inadvertent online exposure of 2.3 billion files worldwide that contain personal information, including sensitive medical data, says Harrison Van Riper, a security researcher at Digital Shadows.
A powerful parliamentary committee has called on Britain's new prime minister - be it Boris Johnson or Jeremy Hunt - to make a decision "as a matter of priority" about the extent to which telecommunications gear built by Huawei should be used in the nation's 5G network.
Weeks after Microsoft issued a patch for the BlueKeep vulnerability, which threatens devices running older versions of Windows, many organizations worldwide have yet to install patches despite alerts from the software giant, government agencies and cybersecurity companies, according to researchers at BitSight.
With the GandCrab ransomware-as-service gang promising to retire - and free decryptors now aiding victims - rival Sodinokibi has already stepped into the void, security experts warn. Driven also by attackers wielding Ryuk, Dharma and Phobos, ransom payments by victims have been surging.
At a Senate committee hearing on Tuesday, lawmakers grilled a Facebook executive about the company's plans to launch a cryptocurrency. One Democratic senator said Facebook "does not respect the power of the technologies they are playing with - like a toddler who has gotten his hands on a book of matches."
Software vulnerabilities sometimes have an uncanny knack of revealing themselves, even when a bug hunter is looking someplace else. Sam Curry's probing eventually revealed a cross-site scripting flaw in a Tesla service, which netted him a $10,000 bounty.
Fraudsters continue to get new tricks up their sleeves. Criminals are increasingly using Apple Pay, setting up mobile call centers to socially engineer victims as well as tricking consumers via fake e-commerce sites that never fulfill orders, fraud-fighting experts warn.
When it comes to supply chain risk, many organizations overlook how dependent they are on those critical relationships, says Matt Kraning of Expanse. As a result, they are minimizing serious security vulnerabilities. Kraning offers insights on re-thinking that dynamic.
After a long privacy investigation, the U.S. Federal Trade Commission voted to levy a $5 billion fine against Facebook, according to the Washington Post and the Wall Street Journal.
The latest edition of the ISMG Security Report analyzes the significance of fines against British Airways and Marriott for violations of the EU's GDPR. Also featured are discussions of California's privacy law as a model for other states and the next generation of deception technologies.
George Orwell's "1984" posited a world in which Big Brother monitored us constantly via "telescreens." But thanks to our "smart" AI home assistants - from Google, Amazon and others - we're increasingly installing the monitoring equipment ourselves, and it may "hear" much more than we realize.
A cybercriminal gang associated with the umbrella organization known as Magecart has been inserting malicious JavaScript into unsecured Amazon Web Service S3 buckets to skim payment card data, according to research published by RiskIQ. So far, 17,000 infected domains have been identified.
As more organizations rely on third parties for various services, managing the security risks involved is becoming a bigger challenge. Three CISOs offer insights on their real-world strategies for success.
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