IT & OT Convergence: Sizing up the Security Risks

Geetha Nandikotkur • July 13, 2020

As the risks to IT and OT converge, organizations must ramp up their threat intelligence information sharing mechanisms and build a more comprehensive cybersecurity policy, says Singapore-based John Lee, managing director of GRF Asia, a federation for building global resilience.

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Cybercrime

European Police Hack Encrypted Communication System

Latest

Business Email Compromise (BEC)

US Secret Service Forms Cyber Fraud Task Force

Akshaya Asokan • July 11, 2020

The U.S. Secret Service is combining its electronic and financial crimes units into a single task force that will focus on investigating cyber-related financial crimes such as BEC schemes and ransomware attacks. The move comes as lawmakers want the Secret Service to take a more active role in fighting cybercrime.

Account Takeover

5 Billion Unique Credentials Circulating on Darknet

Ishita Chigilli Palli • July 10, 2020

Five billion unique user credentials are circulating on darknet forums, with cybercriminals offering to sell access to bank accounts as well as domain administrator access to corporate networks, according to the security firm Digital Shadows.

Cybercrime

Zoom-Themed Phishing Campaign Targets Office 365 Credentials

Prajeet Nair • July 10, 2020

A recently uncovered phishing campaign is using spoofed Zoom account alerts to steal Microsoft Office 365 credentials, according to a report from Abnormal Security. These attacks come as use of the platform soars due to work-from-home arrangements.

Cybercrime

Updated Joker Android Malware Adds Evasion Techniques

Akshaya Asokan • July 10, 2020

Check Point Research reports that a new version of the Joker mobile malware that infects Android devices has emerged. The malware, hidden in apps in the Google Play store, has once again evaded Google's security tools.

COVID-19

Analysis: Monitoring the Risks Posed by Remote Workers

Nick Holland • July 10, 2020

The latest edition of the ISMG Security Report analyzes the surge in the use of employee monitoring tools for the increasingly remote workforce. Also featured: Discussions about IoT security guidelines and CCPA compliance requirements.

Cybercrime

Cybercrime Research: For the Greater Good, or Marketing?

Mathew J. Schwartz • July 10, 2020

U.S. prosecutors this week unsealed an indictment against the alleged hacker "Fxmsp" after his identity was revealed in a cybersecurity firm's report. That sequence of events has raised questions about information sharing and highlighted law enforcement's reliance on private cybersecurity researchers.

Cybercrime

APT Group Targets Fintech Companies

Akshaya Asokan • July 9, 2020

A little-known advanced persistent threat group dubbed Evilnum has been targeting fintech firms in the U.K. and Europe over the past two years, using spear-phishing emails and social engineering to start their attacks, according to the security firm ESET.

Cybercrime

Fxmsp Probe: Feds Say Group-IB Report Forced Its Hand

Mathew J. Schwartz • July 9, 2020

Did a private cybersecurity firm's report into the "Fxmsp" hacking operation that deduced the identity of the group's alleged leader disrupt a U.S. law enforcement investigation?

Account Takeover

Card Skimmer Found Hitting Vulnerable E-Commerce Sites

Doug Olenick • July 8, 2020

A credit card skimmer that has been operating since April is specifically targeting sites hosted on Microsoft IIS servers that are currently running an out-of-date version of ASP.NET, according to security firm Malwarebytes. About 27 million websites still use this now unsupported software.

Cybercrime

Feds Indict 'Fxmsp' for Hacking Multiple Firms

Ishita Chigilli Palli • July 8, 2020

The U.S. Justice Department has charged Kazakhstan national Andrey Turchin with being the hacker known as "Fxmsp," as well as running a hacking collective known by the same name that's been tied to 300 attacks worldwide, including against anti-virus vendors.

Governance & Risk Management

CCPA Enforcement: What to Expect Now

Anna Delaney • July 8, 2020

Attorney Sadia Mirza, offers an update on the July 1 California Consumer Privacy Act enforcement and what security and privacy professionals should expect over the next few months.

COVID-19

DIACC: Building a Fully Digital Canada

Anna Delaney • July 8, 2020

Joni Brennan, president of the Digital ID & Authentication Council of Canada (DIACC), says identity management is a core component to building a solid foundation for a socioeconomic safety net, particularly during a pandemic. However, engagement and education are also vital components to establishing a strong...