A former employee of a New York-based technology company, likely to be IoT technology company Ubiquiti, has been arrested for stealing confidential data and extorting his employer for nearly $2 million. If convicted, the suspect faces up to 37 years in prison.
The FBI has seized 39.9 bitcoins worth $2.3 million from an alleged affiliate of the notorious REvil - aka Sodinokibi - ransomware group. A forfeiture notice filed by the government accuses Russian national Aleksandr Sikerin of having amassed the cryptocurrency via victims' ransom payments.
Pfizer has sued a former employee, alleging she uploaded to her personal devices and accounts thousands of files containing confidential information and trade secrets pertaining to the company's vaccines and medications, including its COVID-19 vaccine, to potentially provide to her new employer.
Following the holiday recess, U.S. lawmakers are picking up several legislative priorities starting Monday, including progress on the annual defense spending bill, which contains amendments that would require incident reporting for critical infrastructure providers, among other measures.
Michael Lines is working with Information Security Media Group to promote awareness of the need for cyber risk management, and as a part of that initiative, the CyberEdBoard will post draft chapters from his upcoming book, "Heuristic Risk Management: Be Aware, Get Prepared, Defend Yourself."
Could the internet of things be made more secure? A draft law in Britain would impose stronger cybersecurity regulations for manufacturers, importers and distributors of smartphones, TVs, toys and other "connected" digital devices, backed by the threat of fines of up to $13 million for noncompliance.
The Secret Service of Ukraine has arrested five Ukrainian citizens on suspicion of being part of a cybercrime group called Phoenix, which it says has been tied to hacking hundreds of mobile devices, stealing personal data and also selling "hacking as a service" to others.
Three U.S. financial agencies have conducted a series of "policy sprints" around cryptocurrency assets and related regulatory gaps, and plan to amend existing guidance and regulations to address security and market risks, the Board of Governors for the Federal Reserve said this week.
The NSO Group is the target of a lawsuit filed by Apple, which alleges that the spyware maker abused Apple's products and services to carry out spying operations. The news follows the NSO Group's blacklisting by the U.S. government, a score downgrade by Moody's, and a reportedly failed deal with France.
Chinese threat actors may increasingly look to steal sensitive, encrypted data in hopes of decrypting it with quantum computing technology in the years ahead, according to a new report. Researchers say Chinese threat actors may target government, business and academic data with long-term value.
Drawing on his deep background in technology, government and law, cybersecurity adviser Tony Scott delves into many pressing issues in cybersecurity today - including zero trust. In this episode of "Cybersecurity Unplugged," he says organizations should get started on the journey now.
More than $12 billion has been lost in decentralized finance, or DeFi, applications in 2021 - $10.8 billion of which is attributed to fraud and theft, a 600% increase from 2020, according to a new report from blockchain analytics firm Elliptic.
Critical issues in India's digital lending ecosystem were identified by a RBI working group. These include the existence of fake and illegal apps and unscrupulous money recovery practices. Establishment of a self-regulatory body to oversee operations of lending platforms is recommended.
A Canadian teenager is under arrest after allegedly stealing C$46 million ($37 million) in the latest cryptocurrency SIM swap scam. Meanwhile in the U.S., the Department of Justice is going to sell off $57 million worth of cryptocurrency seized from the BitConnect Ponzi scheme.
U.S. federal banking regulators have approved a new rule that will require banks to notify regulators no later than 36 hours after the organization determines it has suffered a qualifying "computer-security incident," the nation's top financial agencies announced this week.
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