With hack attacks continuing against banks, SWIFT must follow in the footsteps of other vendors - notably Microsoft - and begin offering detailed, prescriptive security guidance to its users, says Doug Gourlay of Skyport Systems.
Vietnam's TPBank says it successfully foiled more than $1 million in fraudulent transfer requests apparently initiated by the same hackers who targeted Bangladesh Bank and other SWIFT-using institutions with PDF reader malware.
The theft of $81 million from Bangladesh Bank was "part of a wider and highly adaptive campaign targeting banks," SWIFT warns its 11,000 customers. Investigators say signs point to the same attackers having hacked Sony Pictures Entertainment in 2014.
Amidst finger-pointing over responsibility for the $81 million online theft from Bangladesh Bank, SWIFT has issued its first-ever information security guidance to banks, telling them that they're responsible for securing their own systems.
Russian email service Mail.Ru says its users' credentials contained in data leaked to Hold Security are 99.982 percent invalid, leading it to slam the security firm for stoking "media hype." But Hold Security's CISO contends the leak contains valid email addresses that could be used for phishing and spam.
The section chief of the FBI's Cyber Division says "the FBI does not condone payment of ransom," in part because it enables criminals to victimize others. Instead, the bureau continues to urge all potential victims to get their IT house in order.
The U.S. government is actively disrupting - rather than just monitoring - computer systems, networks and communications technologies used by the jihadi fighters known as ISIS, ISIL or Daesh, according to a news report.
Epic Systems' successful lawsuit against India's Tata Consultancy Services raises many security questions. For example, why did Epic find out about the allegedly inappropriate downloading of trade secrets from an external whistleblower, rather than as a result of internal detection efforts?
Even with the exponential increase in what technology can achieve in fighting security threats and fraud, a recent discussion with practitioners suggests that insider risk remains the biggest issue giving practitioners sleepless nights.
The scant - if not conflicting - details and sourcing attached to a recent news report on how the FBI cracked an iPhone 5c have left information security experts questioning both technical details and related agendas.
Backed by its own logo, Badlock refers to a set of critical Samba vulnerabilities in Windows and most Unix/Linux operating systems, which attackers could exploit to launch man-in-the-middle attacks against corporate networks.
The massive "Panama Papers" data leak apparently was enabled by a law firm failing to have the right information security defenses in place. The breach calls attention to the need for all organizations to encrypt sensitive data, use access controls as well as monitor access patterns for signs of data exfiltration.
In the world of the extended enterprise, everybody seeks greater visibility into network activity. But Gidi Cohen was there in 2002, founding Skybox Security to provide analytics to improve cybersecurity. Cohen discusses the evolution of visibility.
We all realize that the black hats are typically a step ahead of the white hats. But do we accept that our own security controls are contributing to the deficit? Sam Curry of Arbor Networks describes how security leaders can regain their lead in this video interview.
The volume and complexity of online attacks continue to increase, which creates a challenge for information security managers, says Darrell Burkey, director of product management for Check Point Software Technologies, in this video interview.