French film production and distribution company Pathe fired the two senior managers overseeing its Dutch operations after they fell victim to a business email compromise scam and approved $21 million in transfers to fraudsters. Many organizations remain at high risk from such scams.
Hackers behind the FASTCash ATM cash-out attack campaign - tied by the U.S. government to North Korea - use Trojan code designed to exploit bank networks running outdated versions of IBM's AIX Unix operating system, Symantec warns.
An analysis of a crackdown on criminals' use of encrypted communications leads the latest edition of the ISMG Security Report. Also: a preview of ISMG's Healthcare Security and Legal & Compliance summits, including expert insights on vendor risk management.
Once again, a supposedly secure service allegedly marketed to criminals has proven to have limits. Dutch police have busted a "cryptophone" operation, allowing them to decrypt more than 258,000 encrypted chat messages, leading to a drug lab bust, 14 arrests and the seizure of cash, drugs and weapons.
Symantec has announced not one but two acquisitions of private cybersecurity firms: Javelin Networks and Appthority. Meanwhile, a private equity firm announced that it will acquire application security testing firm Veracode from Broadcom for $950 million in cash.
As organizations investigate public and private blockchains to secure transactions and facilitate peer-to-peer transactions, they must ensure they know who's responsible, what the system is doing, what the cybersecurity and legal risks are and who's managing it, says attorney John Salmon.
As we approach 2019, is it realistic to think the end of our dependency on traditional user names and passwords is in sight? Shane Weeden, and authentication expert with IBM Security, discusses the future of authentication and why he's encouraged by the FIDO2 initiative.
With the U.S. midterm elections occurring on Tuesday, the "trump" keyword remains king for spammers. "Spam campaigners understand the value of brands, and for spam as for ballots, and whether for or against, the election is all about Trump," security firm Proofpoint says.
Identity and access management is not about compliance anymore - It's really about security, says Gartner's Felix Gaehtgens. With cloud, virtualization, DevOps and other IT trends, IAM has evolved from being a one-off project to an ongoing initiative.
IBM plans to acquire enterprise Linux open source software provider Red Hat in a "hybrid cloud" deal valued at $33 billion that IBM CEO Ginni Rometty promises will be a "game changer." Market watchers say IBM has been struggling to find new revenue growth opportunities.
Two years after Mirai botnets first appeared, security researchers say telnet-targeting botnets are attempting to compromise internet of things devices by pummeling them with 1,065 different username/password combinations. Some of these attacks are designed to install Linux DDoS malware.
As companies go through a digital transformation, they need to move toward real-time risk management - and artificial intelligence can play a critical role, says David Walter, vice president of RSA Archer.
Cryptojackers and eavesdroppers are continuing to exploit a one-time zero-day flaw in unpatched MikroTik routers, despite a patch that's been available for six months as well as the actions of a vigilante "gray hat" hacker who's forcibly "fixed" 100,000 vulnerable routers.