Wells Fargo will pay $185 million in fines over employees illegally subscribing customers to banking products they didn't request - creating 2 million ghost accounts in the process - in what appears to be one of the largest cases of identity theft ever recorded.
An analysis of U.S. Republican presidential candidate Donald Trump's understanding of cybersecurity leads the latest edition of the ISMG Security Report. Also, the U.S. federal government gets its first chief information security officer.
The first 100 days on the job can be daunting for security leaders as they work toward understanding the organization's posture, while at the same time defending it around the clock. Gartner's Tom Scholtz shares insights on meeting key milestones.
President Obama has named Gregory Touhill, a retired Air Force brigadier general, as the U.S. federal government's first CISO. But his tenure could be brief because the next president could replace him or do away with the new position.
Internet of Things alert: Many embedded systems contain hardcoded cryptographic credentials that attackers could use to seize control of the devices or crack encrypted website traffic. And the problem is only getting worse, says security firm SEC Consult.
Chipmaker Intel will spin out its Intel Security unit - once again named McAfee - with a value that's markedly lower than what it paid. Meanwhile, long-gone founder John McAfee is suing for the right to launch a new security company bearing his name.
The breach of porn site Brazzers - which allows users to swap fantasies in online forums - begs the question of how many users employed throwaway usernames and passwords. Some 1,446 U.S. military and 41 U.S. government email addresses were found in the data dump.
If Russia is, indeed, meddling with the U.S. election, there's an obvious explanation: It's irritated by U.S. policy. But if Russia's frustration is being expressed through cyberattacks, how can the U.S. respond?
Based on Lockheed Martin's experience in the aftermath of a data breach, the company advises organizations to diligently gather threat intelligence internally to support development of an effective mitigation strategy, says Chris Coryea, cyber intelligence specialist.
Tens of thousands of Cisco Adaptive Security Appliance devices remain vulnerable to a zero-day exploit released last month as part of the Equation Group toolset dump by Shadow Brokers, according to scans conducted by security firm Rapid7.
Web portal Rambler - likened by some to a Russian version of Yahoo - was reportedly hacked in 2012, resulting in the theft nearly 100 million user credentials. But the company disputes some aspects of the supposed breach.
Hutton Hotel says it failed to spot that its point-of-sale systems were compromised by malware for over three years. Separately, Noble House is now warning that its breach investigation uncovered 10 malware-infected hotels or restaurants.
Dear customer: "The security and privacy of your systems are our priority." Cue a new breach notification, this time from Lightspeed POS, which sells a cloud-based point-of-sale product used by 38,000 organizations.
The need for an adaptive security approach, the shift from breach prevention to detection and a surge in spending on information security were some of the key themes at the recent Gartner Security & Risk Management Summit in Mumbai.