As U.S. prosecutors continue to probe collapsed cryptocurrency exchange FTX, Nishad Singh, the former head of engineering, has pleaded guilty to multiple criminal charges and agreed to assist prosecutors with their case against founder Sam Bankman-Fried, accused of orchestrating billions in fraud.
Faster payment technology has been around for years, but fraud continues to dominate the conversation, says Reed Luhtanen of the U.S. Faster Payments Council. Luhtanen says all payment systems have a fraud problem, and firms will be able to curb faster payment fraud with more experience and data.
The situation at LastPass keeps getting worse: The company says hackers implanted keylogger software on a DevOps employee's home computer to obtain access to the corporate vault. Customer vault data can be decrypted only with the end user master password, which LastPass doesn't store.
With signs pointing to a global economic downturn, cybersecurity organizations are already thinking about managing budgets and doing more than less. Four CISOs share a wide range of belt-tightening tips, from putting the squeeze on your vendors and suppliers to training and hiring from within.
For the first time in its 17-year history, application security vendor Checkmarx will have a new leader. The company has tapped Sandeep Johri, the longtime chief executive at software testing vendor Tricentis, to serve as its new CEO less than two years after being acquired by Hellman & Friedman.
Hackers maliciously encrypted a system belonging to the U.S. Marshals Service, compromising and exfiltrating sensitive data law enforcement data. "The system was disconnected shortly and the Department of Justice initiated a forensic investigation," said an agency spokesman.
A case before the U.S. Supreme Court may limit federal prosecutors' ability to bring charges of aggravated identity theft. A Texas man convicted of overbilling Medicaid argued Monday he's not also guilty of identity theft since he had a patient's permission to submit the bill.
A leader of an international crime network that attempted to launder more than $25 million in fraudulently obtained funds, including through business email compromise, received a sentence of more than a decade in prison. Valentine Iro, 34, pleaded guilty to conspiracy to engage in money laundering.
CyberMaxx has landed the former CEO of cloud security vendor Threat Stack to bring offensive and defensive cybersecurity services together on one platform. The Nashville-based firm has tasked Brian Ahern with creating managed detection and response bundles with offensive and defensive capabilities.
A Chinese law requiring mandatory disclosure to the government of vulnerability reports appears to be paying dividends for state-connected hacking. "The Chinese government is up-leveling their capabilities," says Adam Meyers, senior vice president of intelligence at CrowdStrike.
The Australian government says it will centralize its approach to securing federal agencies by appointing a coordinator to head the new National Office for Cyber Security within the Department of Home Affairs. The appointment comes after back-to-back major data breaches.
An assessment of online shopping cart software used by e-commerce sites performed by the German cybersecurity agency found a slew of vulnerabilities, including code so old it's no longer supported as well as vulnerable JavaScript libraries. Germany has one of Europe's largest e-commerce markets.
With the U.S. COVID-19 public health emergency expected to end in May, the government is set to scrutinize telehealth providers for HIPAA violations. That’s why healthcare firms should review their telehealth platforms and vendors, says privacy attorney Adam Greene of Davis Wright Tremaine.
A top U.S. government official urged industry to become more conscientious over cybersecurity by preventing vulnerabilities from accumulating before products ship. CISA head Jen Easterly called for a more assertive role for government and an industrywide shift to memory-safe programming languages.
A campaign targeting government entities in the Asia-Pacific and North America regions with an info stealer hosted on a Discord server shares infrastructure with a campaign that used Microsoft OneNote to deliver malware. Menlo Security says the unknown threat actor doesn’t seem to be a major player.
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