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NEWS & INDUSTRY UPDATES
New York State Department of Financial Services (DFS) launches a new cybersecurity division whose role is to protect consumers and financial organizations from cyber threats. [Read More]
Facebook said it recently disabled billions of bogus accounts set up by "bad actors" and that five percent of active accounts are likely fakes. [Read More]
The hacking of U.S. election systems, including by foreign adversaries, is inevitable, and the real challenge is ensuring the country is resilient enough to withstand catastrophic problems from cyber breaches, government officials said. [Read More]
Canadian authorities announce that Defiant Tech, the company that ran LeakedSource, pleaded guilty to trafficking identity information and possession of property obtained through crime. [Read More]
The GAO Makes Recommendations to IRS Improve Security of Taxpayer Information [Read More]
Hackers have stolen over 7,000 bitcoins (worth over $40 million) after breaching the systems of Binance, one of the world’s largest cryptocurrency exchanges. [Read More]
German police have shut down one of the world's largest illegal online markets in the so-called darkweb and arrested the three men allegedly running it. [Read More]
The United States has indicted a Russian national for obtaining over $1.5 million in fraudulent tax refunds from the Internal Revenue Service. [Read More]
Recently observed attacks targeting officials within government finance authorities and representatives in several embassies in Europe abuse the legitimate TeamViewer application to gain full control of victim machines. [Read More]
The FBI’s 2018 Internet Crime Report (ICR) shows that both the incidence and cost of internet crime continues to escalate. [Read More]
FEATURES, INSIGHTS // Fraud & Identity Theft
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.
No more fertile ground for security breaches exists in the United States than our colleges and universities. A higher education student database is an identity thief’s dream come true.
Cooperation in the underground economy could enable a fraudster in Russia who masters the art of phishing to team up with another fraudster who already has the infrastructure of cashing out compromised online banking accounts of US banks.
Companies are increasingly seeing the benefits of using social technologies both for internal and external purposes. What is the security impact of this trend? What should security teams think about?
To maximize profits, fraudsters need to do a lot of learning. They can either learn techniques of areas they haven't focused on yet, learn better techniques in the field they already specialize in, or learn new cover stories to improve the techniques they already use.
The worlds of counter terrorism and fraud prevention should increase their ties. Systems that are already implemented in one world may be applied to the other. Solution providers and policy makers from both worlds need to meet up and share ideas, thoughts and experience for the benefit of both.
A bank that will fail to give fraud departments the power to make the necessary changes to its internal processes, may end up in a situation where everyone knows how and why fraudsters are stealing money from their bank – yet nothing can be done to stop it.
Some newer POS systems in the US have built-in authentication systems designed to protect merchants against the addition of fraudulent PIN pads. Should PCI now require retail businesses to upgrade to newer and better technology?
Unlike real-world dumpster diving, "electronic dumpster diving" can enable cybercriminals to access all the documents currently held by the user, not just those that were thrown away.
SecurityWeek Daily Briefing
- Internet-Exposed Sphinx Servers at Risk of Attacks
- Attacking Tor: What it Takes to Disrupt the Popular Onion Routing Network
- Romania Mulls Excluding Huawei From its 5G Network
- Facebook Announces 2019 Internet Defense Prize Winners
- Chinese Cyber-Spies Target US-Based Research University
- Facebook Launches Tool to Let Users Control Data Flow
- New YubiKey 5Ci Has Both USB-C and Lightning Connectors
- Twitter Shuts Chinese Accounts Targeting Hong Kong Protests
- Twitter Flexing its Muscles Against State Misinformation
- VideoLAN Patches Dozen Vulnerabilities in VLC
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