Police in India have made seven arrests of suspected money mules involved in the theft of $13.5 million from Cosmos Bank. Authorities continue to investigate the heist in hopes of identifying those who led the attack.
Scotland's Arran Brewery fell victim to a Dharma Bip ransomware attack that infected its Windows domain controller and crypto-locked files and local backups, leading to the loss of three months' worth of sales data. The brewery refused to pay the attackers' two bitcoin ransom demand.
Business email compromises have been at the center of a number of procurement fraud scams, says Allan Stojanovic, a security architect and analyst at the University of Toronto, who describes the fraud and why it's so difficult to thwart.
Online retailer Newegg is investigating a malware attack that may have stolen customers' payment card details for more than a month. Security firms have traced the heist to Magecart, a loose affiliation of cybercrime gangs also tied to payment card data breaches at British Airways and Ticketmaster.
Open source and third-party components help developers build and deploy applications faster. But with increased speed comes greater risks, says Chris Eng of CA Veracode, who offers insights on mitigating those risks.
Attorney Elizabeth Harding clears up confusion about certain provisions of the EU's General Data Protection Regulation, including the issue of when organizations need to obtain a European consumer's consent to process their data.