Technology is no panacea, including for combating COVID-19. While that might sound obvious, it's worth repeating because some governments continue to hype contact-tracing apps. Such apps won't magically identify every potential exposure. But they could make manual contact-tracing programs more effective.
A recently uncovered phishing campaign is spoofing notifications from Microsoft's Teams collaboration platform in order to harvest Office 365 credentials from employees working from home offices because of the COVID-19 pandemic, according to research from Abnormal Security.
Organizations in India need to ramp up their authentication efforts in light of a 40% increase in cashless transactions since the start of the COVID-19 pandemic, which has led to increases in attempted fraud, security experts say.
A sophisticated, highly targeted phishing campaign has hit high-level executives at more than 150 businesses, stealing confidential documents and contact lists, says security firm Group-IB. The campaign, which targets Office 365 users, appears to trace to attackers operating from Nigeria and South Africa.
Researchers are seeing a spike in opportunism by fraudsters and cybercriminals seeking to profit from the COVID-19 crisis. Underground online markets are offering a range of pandemic-related goods, from face masks to fraudulent vaccines.
The latest edition of the ISMG Security Report analyzes the rising costs of ransomware attacks and the latest victims. Also featured: An assessment of Australia's new contact-tracing app designed to help battle the spread of COVID-19, and a discussion of applying the "zero trust" model to the remote workforce.
The average ransom paid by victims to ransomware attackers reached $111,605 in the first quarter of this year, up 33% from the previous quarter, reports ransomware incident response firm Coveware, which sees the Sodinokibi, Ryuk and Phobos malware families continuing to dominate.
With most employees working at home during the COVID-19 pandemic, it's more important than ever for businesses to ensure that their third-party providers have adequate business continuity plans in place to ensure uninterrupted service, says Srilanka-based Sujit Christy, global CISO at John Keells Holdings.
Many attackers continue to camp out in networks for months, conducting reconnaissance and stealing sensitive data before unleashing ransomware. Experts say many recent efforts trace to gangs wielding the RobbinHood, Valet Loader, NetWalker, PonyFinal, Maze and Sodinokibi strains of crypto-locking malware.
The gang behind Black Rose Lucy malware, which targets Android users, has added ransomware capabilities, according to Check Point Research. The malware, which dates back to 2018, originally was designed as a malware-as-a-service botnet and dropper for other malicious code.
Over the past five years, a sophisticated spyware campaign has been targeting Android users through Trojan-laced apps in the Google Play store that are disguised as various plugins, browser cleaners and application updaters, according to Kaspersky researchers.
Microsoft has pushed out a patch for a vulnerability in its Teams collaboration platform that could allow an attacker to take over an organization's accounts through the use of a weaponized GIF image.
Those claiming to be operators of the Shade ransomware strain say they have closed down their operation and released more than 750,000 decryption keys, according to a message posted on GitHub.
Nearly 10 months after Facebook and the FTC agreed to a record-setting $5 billion settlement over misuse of user data, a federal judge has finally signed off on the deal, while questioning the adequacy of laws governing major technology firms.
As a result of the COVID-19 crisis, consumers have changed the way they pay for goods and services. Trevor Forbes of The Strawhecker Group shares the results of a new survey that spotlights the latest trends. And he discusses the implications for fighting fraud.
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