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LATEST SECURITY NEWS HEADLINES
NEWS & INDUSTRY UPDATES
German web hosting firm DomainFactory shuts down forum following data breach. Hacker gained access to sensitive data, including banking information [Read More]
US securities regulators announce insider trading charges against a former Equifax manager who sold shares in the company before it disclosed a giant data breach [Read More]
France has joined the US and Russia in seeking the extradition of a Russian held in Greece for allegedly laundering $4 billion using the bitcoin digital currency [Read More]
Two individuals pleaded guilty over their role in a loan fraud scheme that involved data stolen in the 2014-2015 data breach at the U.S. Office of Personnel Management (OPM) [Read More]
UK retailer Dixons Carphone investigating hacker attack impacting millions of customers, including their payment card data [Read More]
Operation Wire Wire: 74 people arrested, including 42 in the U.S., as part of an international law enforcement operation targeting business email compromise (BEC) scams [Read More]
Signifyd, a company that provides fraud protection solutions for e-commerce businesses, raised $100 million in a Series D funding round and opened its first European branch [Read More]
Two major Canadian banks launch an investigation after hackers claim to have obtained customer information as a result of a data breach [Read More]
Russian police arrest Russian national involved in a scheme that helped cybercriminals make up to $8,000 per day using Android banking Trojans [Read More]
Drupal websites hacked via the Drupalgeddon2 and Drupalgeddon3 vulnerabilities deliver cryptocurrency miners, RATs and tech support scams [Read More]
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FEATURES, INSIGHTS // Fraud & Identity Theft
Even organizations with the most robust defense solutions and advanced automated technologies cannot effectively combat threats such as BEC without the adequate support and nuanced expertise of humans.
While a credit freeze can protect against the opening of fraudulent credit accounts, it is not an inoculation against identity theft. What can be done to help protect identities and the attributes associated with them?
The attackers may be looking for the path of least resistance, but there is no shortcut to securing your platform.
In addition to basic credit monitoring, breached companies need to get ahead of the attacks and start providing security solutions that actually protect the victims before they are victimized again.
While effective at curbing “petty crimes” such as credit skimming / cloning, EMV does not address more sophisticated cyber-attacks that target backend systems which contain card holders’ most sensitive information.
Many fraudulent accounts are mere satire or innocuous trolling, but others are created with far more devious intentions.
Social engineering attacks can happen at any time. Here are some strategies you can use to help reduce the chances of a successful social engineering/phishing attack you or your organization.
They always say in the investment world that cash is king. We are now seeing that in terms of cyber as well. Stealing cash, it’s even better than stealing money.
When it comes to cybercrime, the police really can’t and aren’t going to protect residents of your town. The same goes for all towns and cities. Unless you’re talking a high six-figure theft, it's unlikely an officer will be assigned to your case.
The holiday season is a time of giving. But savvy security and technology professionals such as yourselves know, both during the holidays and year-round, that not all giving is good.
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SecurityWeek Daily Briefing
- Google Bug Bounty Program Now Covers Platform Abuse
- FBI Eyes Plethora of River-Related Threats
- SAP Releases August 2018 Security Updates
- Container Security Firm Twistlock Raises $33 Million
- Foreshadow/L1TF: What You Need to Know
- The Real Takeaways From the Reddit Hack
- Microsoft Patches Zero-Day Flaws in Windows, Internet Explorer
- Tech Giants Face Hefty Fines Under Australia Cyber Laws
- North Dakota Guard Unit Alerted of Potential Deployment
- Foreshadow: New Speculative Execution Flaws Found in Intel CPUs
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