In a case of business email compromise, Chinese hackers stole $18.6 million from the Indian arm of Tecnimont SpA, an Italian engineering company, through an elaborate cyber fraud scheme that included impersonating the firm's chief executive.
The Trump administration has launched a public awareness campaign, spearheaded by the National Counterintelligence and Security Center, urging the U.S. private sector to better defend itself against nation-state hackers and others who may be trying to steal their sensitive data or wage supply chain attacks.
"Self-sovereign identity" projects based on blockchain technology are likely to gain significant momentum in 2019, says analyst Avivah Litan of Gartner Research.
In the wake of Equifax and other major breaches, sophisticated fraudsters are finding success as never before. Al Pascual of Javelin Strategy and Research discusses how identity impersonation is manifesting.
Some privacy and security experts express serious concerns about a new government proposal calling for social media platforms to remove what it deems "unlawful" content within 24 hours of notice.
The battle against Russian disinformation is far from over. Two in-depth Senate reports have revealed that such campaigns continue despite efforts by social media companies to cleanse their platforms. Researchers say Facebook's Instagram may be the next battleground.
The fraudsters have more tools and information than ever at their disposal to pull off socially engineered schemes. But how can the victims turn the tables? Agari's Andrew Coyle discusses new tools and strategies to improve defenses.
With the U.S. midterm elections occurring on Tuesday, the "trump" keyword remains king for spammers. "Spam campaigners understand the value of brands, and for spam as for ballots, and whether for or against, the election is all about Trump," security firm Proofpoint says.
Want to better block business email compromise - CEO fraud - attacks outright, as well as be able to spot and respond more quickly to any BEC attacks that get through? Incident responder David Stubley details essential defenses all businesses should put in place now.
Scammers behind an ongoing "sextortion" campaign have been emailing a legitimate password - likely from a publicly leaked list - to victims with a threat to release a compromising video of the recipient unless they pay up in bitcoins, Barracuda Networks warns.
Barriers to getting into the business email compromise - aka CEO fraud - game continue to fall, with security vendor Digital Shadows finding that compromised email accounts for a company's finance department can typically be purchased via the black market for just $150 to $500.
WhatsApp has agreed to appoint a grievance officer for India who will handle complaints about fake news. The nation's government had demanded the action in the wake of recent mob violence triggered by fake news spread on the social media platform. But will the appointment have a significant impact?
Those of you who are CISOs and have been conducting awareness programs for years realize that ''the devil is in the details" when building a successful program. Initial attempts to get an awareness program started are usually done by trial and error- but this hit-and-miss approach is often ineffective or frustrating....
Criminals operating online continue to target cryptocurrencies, leverage phishing and other social engineering attacks, as well as tweak age-old scams - including Nigerian prince emails - for the modern age. So warns Europol in its latest Internet Organized Crime Threat Assessment.
While tech-support scams have proliferated for years, the FBI says losses tied to such fraud are now higher than ever. Google has pledged to crack down on fake tech-support listings. But fraudsters regularly employ a variety of channels, including cold calls, pop-up windows and phishing emails.
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