The East African institution State Bank of Mauritius says its India operations may have lost $14 million as a result of a cyberattack Tuesday. Although the bank did not confirm the exact nature of the attack, some security experts suspect it involved fraudulent transactions via the SWIFT network.
The latest edition of the ISMG Security Report features an analysis of the latest developments in Facebook's massive data breach and expert analysis of the potential for nation-state interference in the U.S. midterm elections.
India's Ministry of Electronics and IT has asked Facebook for an update on the number of Indian users impacted by its recent data breach, which affected 50 million users worldwide. But it's not yet clear what steps the government can take to make sure the social media platform is secure.
At three of the world's largest information security events in 2018, Information Security Media Group's team of editors conducted about 200 video interviews with industry thought leaders, who provided timely insights on important topics. Here's your guide to those interviews.
Warning: Attackers behind the recently revealed Facebook mega-breach may still be able to access victims' accounts at some third-party web services and mobile apps, and Facebook has offered no timeline for when a full lockdown might occur - although there are no signs of third-party account takeovers.
Step away from the social media single sign-on services, cybersecurity experts say, citing numerous privacy and security risks. Instead, they recommend that everyone use password managers to create unique and complex passwords for every site, service or app they use.
While Facebook has invalidated 90 million users' single sign-on access tokens following a mega-breach, researchers warn that most access token hijacking victims still lack any reliable "single sign-off" capabilities that will revoke attackers' access to hyper-connected web services and mobile apps.
The recent breach at Facebook, which affects 50 million users, is likely to have a big impact on Asians who use Facebook's single sign-on feature to log into third-party apps. India is the world's largest market for the social media giant.
To comply with GDPR, Facebook has notified Ireland's data privacy watchdog about the massive breach it has suffered, resulting in 50 million accounts being exposed. But Irish authorities have signaled that Facebook has failed to share all of the information they would have expected to see.
Facebook says that whoever hacked 50 million user accounts, putting the privacy of those users' personal data at risk, did so by abusing its "View As" privacy feature. Facebook says the attack successfully targeted three separate bugs in its video-uploading functionality.
The four-member Committee of Inquiry investigating the SingHealth data breach that affected 1.5 billion patients in Singapore heard testimony at a hearing that the healthcare organization's technology vendor failed to take prompt action on security alerts because a key cybersecurity employee was on leave.
Facebook revealed Friday that it had discovered a breach that affected almost 50 million user accounts. Attackers exploited a vulnerability that enabled them to steal "access tokens," digital keys that keep users logged in so they don't need to re-enter their password.
Several days after the Port of San Diego was hit by a crypto-locking ransomware attack, incident response efforts remain underway and many port systems remain offline. Port officials say the attacker has demanded a ransom, payable in bitcoin, for the promise of a decryption key.
In harmony with a wave of global privacy and security legislation, Canada has its own new breach notification requirements going into effect on Nov. 1. Attorney Ruth Promislow says these standards will force organizations to shift from a reactive to a proactive approach to incident response.