Police in India have made seven arrests of suspected money mules involved in the theft of $13.5 million from Cosmos Bank. Authorities continue to investigate the heist in hopes of identifying those who led the attack.
Twitter has fixed a bug that sometimes sent a user's direct messages not only to the specified recipient, but also to unrelated external developers. The social networking service is notifying more than 3 million affected users and has requested that unintended recipients delete the messages.
Email fraud threats have evolved from attackers targeting networks to them focusing on specific individuals within an organization. What can enterprises do to halt these attacks before they reach the inbox? Denis Ryan of Proofpoint shares defensive tactics.
Kenrick Bagnall, a former IT executive who is now a detective constable with the Toronto Police, offers unique insights on public/private partnerships and how enterprises can work better with investigators in the event of a breach.
With the abundance of PII available on the dark web, there has been an explosion of synthetic identity fraud. Michael Lynch of InAuth discusses how device and user data can be leveraged to combat the fraudulent opening of new accounts.
The internet of things promises to change how enterprises operate - as well as the cybersecurity risks they will face. Robert Falzon of Check Point Software Technologies outlines IoT risks and how to prepare to mitigate them.
Financial service organizations have networks that are larger and more dynamic than ever - and so are their network security risks. Matt Kraning of Qadium shares the results of a new review and how organizations can respond to it.
Massive, well-resourced companies are still using live customer data - including their plaintext passwords - in testing environments, violating not just good development practices but also privacy laws. That's yet another security failure takeaway from last year's massive Equifax breach.
Scotland's Arran Brewery fell victim to a Dharma Bip ransomware attack that infected its Windows domain controller and crypto-locked files and local backups, leading to the loss of three months' worth of sales data. The brewery refused to pay the attackers' two bitcoin ransom demand.
Business email compromises have been at the center of a number of procurement fraud scams, says Allan Stojanovic, a security architect and analyst at the University of Toronto, who describes the fraud and why it's so difficult to thwart.