In The News

May 31
2016

In theory, nobody should be paying any money to the ransomware extortionists. Doesn’t everyone have backups these days? Even consumer has access to a wide variety of free or low-cost backup services. But the headlines are full of reports about institutions such as hospitals and police departments, organizations that should have business continuity plans in place with solid backup…

May 25
2016

Last week, the chair of the Securities and Exchange Commission called cybersecurity the biggest risk facing the global financial industry. “Cyber risks can produce far-reaching impacts,” said SEC chair Mary Jo White. For example, cybercriminals recently stole $81 million from a bank in Bangladesh by using Swift, the global money transfer network. The SEC promises to step…

May 19
2016

A Senate bill to give law enforcement greater power to tackle botnets is back under consideration and its chief backer, Rhode Island Democrat Sheldon Whitehouse, hopes this time is the charm. Whitehouse was exasperated last fall when his amendment, which would have updated a legal injunction against fraud to include botnets, did not make it into cybersecurity…

May 19
2016

Tom Kellermann on Why Security Leaders Need to Change Their Strategy. Today’s threat actors are more focused, funded and disruptive than ever. Yet, today’s cybersecurity defense industry is not built to respond appropriately, says thought-leader Tom Kellermann. What are security leaders overlooking? See Also:  Detecting Insider Threats Through Machine Learning In his new role as…

May 17
2016

Cybersecurity is the biggest risk facing the financial system, the chair of the U.S. Securities and Exchange Commission (SEC) said on Tuesday, in one of the frankest assessments yet of the threat to Wall Street from digital attacks. With this being said, for cybersecurity tips, it may be worth checking out sites like upskilled.edu.au to…

May 17
2016

The phone rings. A stern voice on the other end of the line says the following: “This is Agent Harris with the Internal Revenue Service. You owe us $112,908 in back taxes and if we cannot resolve this now, we will have armed agents at your door within an hour and they will arrest you.”…

May 12
2016

Israel will reportedly extradite two suspects who were indicted last year for their alleged connection to cyberattacks that breached JPMorgan Chase, Fidelity Investments Ltd., E*Trade Financial and others, as well as fraud schemes against the New Stock Exchange. See Also: Vulnerability Management with Analytics and Intelligence Cybersecurity experts say this is the latest example of…

May 06
2016

Researchers found a series of malicious apps containing Android/Clicker.G on the Google Play store. The campaign targets mobile devices in Russia, but they affect apps that are available globally, according to an Intel Security blog post. The applications do not immediately execute the malicious payload, but rather start to display unwanted advertisements six hours after…

May 02
2016

Strategic Cyber Ventures, the industry’s first cyber-led investment vehicle for synergistic technologies focused on disrupting the adversary, will participate in the first-ever Cyber Investing Summit at the New York Stock Exchange (NYSE) this week in New York, NY. This all-day conference will explore investment strategies, market outlook, mergers and acquisitions, implementations of cyber solutions in…

Apr 26
2016

A report that the $81 million Bangladesh Bank heist was linked to a customized malwareattack that compromised SWIFT software used to transfer funds has raised questions about the security of those transactions (see Bangladesh Bank Attackers Hacked SWIFT Software). But the more critical issue, fraud experts say, is the need for banks to have proper security controls in place…