The U.K. government earlier this month introduced a strategy to reduce fraud and scams called Fraud Strategy: Stopping Scams and Protecting the Public. Ken Palla, retired director of MUFG Bank, said this as an important step to combat authorized scams, which have now eclipsed unauthorized fraud.
Android smartphone device manufacturer Samsung has a patch for a flaw used by commercial surveillance hackers to implant malware in the United Arab Emirates. The U.S. Cybersecurity and Infrastructure Security Agency on Friday gave federal agencies until June 9 to patch the vulnerability.
The mastermind behind a criminal website that sold tools for scammers who defrauded victims globally of more than 115 million euros received a 13-year, four-month prison sentence in the United Kingdom just months after law enforcement seized the site.
Proposed class action lawsuits are piling up over hackers' use of a vulnerability in Fortra's GoAnywhere secure file transfer and a resulting data breach affecting 3 million individuals. NationsBenefits Holdings disclosed that hackers accessed personal information by using the widely exploited flaw.
China's cybersecurity agency on Sunday banned sales of U.S. chipmaker Micron's products following a cybersecurity review. The decision is the latest in an escalating series of national security-driven moves by Beijing and Washington, D.C., to restrict the market access of their trans-Pacific rival.
Cyber insurance applicants should provide detailed responses that clarify the nature of their business to avoid claim denials in the event of a security incident. Pasich LLP Senior Managing Associate Tae Andrews urged applicants to "interrogate the interrogator" to push back on vague questions.
Security researchers have demonstrated a practical attack that can be used to defeat biometric fingerprint checks and log into a target's Android - but not Apple - smartphone. Dubbed "BrutePrint," the brute force attack is inexpensive and practical to deploy at a large scale.
European privacy regulators gave Facebook five months to stop transferring data into the United States and assessed the social media giant a record 1.2-billion-euro fine in a decision that puts pressure on the European Commission to finalize a legal agreement enabling trans-Atlantic data flows.
Researchers have identified two legitimate-looking malicious npm packages that concealed an open-source info stealer for two months before being detected and removed. Developers downloaded the TurkoRat malware about 1,200 times from open-source repositories.
A large-scale phishing-as-a-service operation is shifting tactics to allow attackers to avoid anomaly detection by using localized IP addresses, warns Microsoft. The U.S. Secret Service has reported that BEC incidents cost global enterprises more than $43 billion in losses over a five-year span.
MiCA's consumer protection provisions extend to cybersecurity, with its anti-money laundering, cyberattack liability and travel rule clauses. ISMG contributors Ari Redbord of TRM Labs and Troy Leach of Cloud Security Alliance discuss its impact on cybercrime, compliance challenges and the way ahead.
Taiwan was buffeted during April by a three-day surge in malicious emails that increased to four times the usual amount, a reflection of increased tensions in the Taiwan Strait, say threat analysts. Following the wave, Trellix observed a 15-fold increase in PlugX infections.
New entrants LexisNexis Risk Solutions and F5 joined longtime leaders Experian and IBM atop KuppingerCole's Leadership Compass for fraud reduction intelligence platforms. Leading vendors help users detect bots and have capabilities spanning different sectors from finance to payments to e-commerce.
Apple is patching actively exploited zero-day flaws in its browser rendering engine for mobile devices, and one cybersecurity firm says the vulnerabilities are likely evidence of takeover attacks. Two of the bugs were the subject of Apple's first-ever Rapid Security Response.
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