With the rise of P2P payment networks and the U.S. working toward a real-time national payments network, the push is on to battle fraudsters. Also, attackers are hacking legitimate websites to more stealthily distribute "Gandcrab" crypto-locking ransomware.
The Gandcrab ransomware has been a moving target. Since it was discovered in January, it quickly became one of the most widely distributed file-encrypting malware programs. Researchers with Cisco say they've now found it seeded within legitimate websites, making its spread tougher to stop.
The attackers behind SamSam ransomware have been focusing not on infecting individuals' computers, but rather the systems of large organizations that they hope will pay for a "volume discount" - in one case, $46,000 - to decrypt all of their systems at once.
What are the top cybersecurity threats and trends on security experts' radar? McAfee's Raj Samani and Steve Povolny discuss Olympic Destroyer malware, cryptocurrency mining, the Cambridge Analytica and Facebook scandal and more.
The city of Atlanta's ransomware outbreak cleanup and response tab has hit $2.6 million after a March attack froze corporate servers, employees' PCs and resident-facing portals. Some security experts say the breach response funds would have been put to better use preventing the outbreak in the first place.
Verizon's latest Data Breach Investigations Report shows that half of data breaches in 2017 worldwide were orchestrated by organized cybercriminal groups, says Verizon's Ashish Thapar, who offers an in-depth analysis of the findings.
Leading the latest edition of the ISMG Security Report: Assessing cryptocurrencies' role in the latest ransomware and malware attacks. Plus: Facebook's revised estimate on account details accessed by Cambridge Analytica.
Leading the latest edition of the ISMG Security Report: Ransomware hits the city of Atlanta, Baltimore's 911 system as well as aviation giant Boeing. Plus, WikiLeaks and its Julian Assange get taken for a ride by Russian intelligence.
Boeing says that a malware outbreak affected a small number of systems but did not disrupt production. An executive has reportedly identified the malware as being WannaCry ransomware and called for "all hands on deck" to respond to the incident.
India's Haryana Power Corporation has confirmed that a hacker cryptolocked its billing system, demanding a ransom in exchange for the decryption key. The organization says it has refused to pay. The attack is a reminder that the power sector continues to be targeted by hackers.
Five days after a ransomware outbreak crypto-locked city systems, Atlanta has advised its 8,000 employees that they can once again boot their PCs and printers. But information security experts warn that the city's infrastructure still appears to have easily exploitable misconfigurations.
Ransomware isn't an easy area to study. But a team of researchers has calculated the minimum paid by all ransomware victims over a two-year period, and found that nearly 75 percent of the bitcoins attackers received got funneled onto Russia's now-shuttered BTC-e cryptocurrency exchange.
Ransomware has struck the city of Atlanta and frozen internal and customer-facing applications, hampering residents from paying bills or accessing court information. But the city says it has working backups and expects to pay employees on time.
If you browsed the latest security headlines, you'd probably think the majority of data breaches were related to hackers, political activists, malware or phishing. While the latter two hint at it, the truth is that nearly half of all data breaches can be traced back to insiders in some capacity.
Too many organizations lack an effective strategy for using the latest security technologies to protect their data centers, says Sridhar Pinnapureddy, founder and CEO at CtrlS Datacenter, Asia's largest Tier 4 data center.